Overview
What is Biloxi Community Development Corp?
The Biloxi Community Development Corp, situated in Biloxi, Mississippi, is a dedicated nonprofit organization with a mission to foster and uphold the development and management of affordable housing within the city. With a modest workforce of three individuals, this nonprofit organization is committed to enhancing the living standards of the local community by focusing on the provision of quality, reasonably priced housing. The precise address of the organization is 330 Benachi Avenue, Biloxi, MS 39530.
Official website here: www.biloxi.ms.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Biloxi Community Development Corp has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a score of 69%. While the organization demonstrates strong governance aspects, such as having a fully independent board and a favorable liabilities to assets ratio, there are significant concerns regarding financial transparency and accountability. The absence of financial statements and a conflict of interest policy points to weaknesses in its operational practices.
The organization allocates a substantial 79.98% of its expenses towards programs, indicating a commitment to its mission. However, the lack of key policies, such as a whistleblower policy and a document retention plan, raises questions about its operational integrity and accountability to stakeholders. Transparency issues, particularly the failure to post necessary financial documents on its website, limit the public's ability to assess the organization's financial health effectively.
Overall, while Biloxi Community Development Corp shows promise in some governance areas and program funding, substantial improvements in financial reporting and policy implementation are crucial for enhancing its credibility and overall effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Biloxi Community Development Corp legitimate?
Biloxi Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Biloxi Community Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $465,983
For more financial information, click here
Official website here: www.biloxi.ms.us
What is the mission statement of Biloxi Community Development Corp?
The Biloxi Community Development Corp's mission is centered around promoting and supporting the development and management of high-quality, affordable housing within a city. This organization strives to contribute positively to the housing sector, ensuring that affordable living options are accessible to all residents. Their activities are geared towards improving the housing landscape, aiming to make a significant impact in the community they serve.
Official website here: www.biloxi.ms.us
Who is the CEO of Biloxi Community Development Corp?
Helen Werby is the Commissioner of Biloxi Community Development Corp.
Official website here: www.biloxi.ms.us
What is the revenue of Biloxi Community Development Corp?
Biloxi Community Development Corp's revenue in 2022 was $1,941,874.
Official website here: www.biloxi.ms.us
Who are the executives of Biloxi Community Development Corp and what are their salaries?
The average compensation at Biloxi Community Development Corp during 2022 was $155,328. There are 3 employees at Biloxi Community Development Corp.
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Official website here: www.biloxi.ms.us
Where can I find the form 990 for Biloxi Community Development Corp?
Biloxi Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.biloxi.ms.us
Learn more at the official website: www.biloxi.ms.us
Mission Statement of Biloxi Community Development Corp
Biloxi Community Development Corp, as a nonprofit organization, is committed to promoting and fostering the development and management of quality affordable housing within its community. Their mission is centered around enhancing the livability and affordability of housing options for residents, ensuring that every individual has access to decent living spaces. By supporting the development and management of affordable housing, Biloxi Community Development Corp aims to contribute to the overall well-being and stability of the community, enabling individuals and families to reside in safe and comfortable environments.
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Impact
October, 2024
Biloxi Community Development Corp focuses on enhancing the quality and availability of affordable housing in Biloxi, MS. By promoting and supporting the development and management of housing projects, the organization plays a crucial role in addressing the local housing crisis. This impact is felt in various ways, including increased access to safe and affordable homes for individuals and families, which contributes to the overall stability and well-being of the community. The organization's efforts help foster inclusive neighborhoods and support economic growth by ensuring that all residents have the opportunity for a decent place to live. Through their initiatives, they are actively shaping a more sustainable and equitable environment for the people of Biloxi.
This information is meant to be a general summary of Biloxi Community Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $24,446
- Program Service Revenue: $2,009,925
- Gross Receipts: $1,941,874
Assets and Liabilities:
- Total Assets: $20,620,115
- Total Liabilities: $2,819,652
- Net Assets: $17,800,463
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$1,910,660
OTHER TENANT INCOME
Revenue
$99,265
Organization Details
Founding Year
1999
Phone
(504) 615-2460Principal Officer
Helen Werby
Main Address
330 BENACHI AVENUE, BILOXI, MS, 39530
Website
www.biloxi.ms.usNTEE Category
Code: L20 - Housing
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