Overview
What is Bradstreet Community Housing Corporation?
Bradstreet Community Housing Corporation is a nonprofit organization situated in Chelsea, Massachusetts. Their primary goal is to address the housing needs of individuals with limited financial means by operating four affordable housing units. This organization is dedicated to fulfilling its mission of providing affordable residential accommodations for those in need. By doing so, Bradstreet Community Housing Corporation contributes significantly to the local community, ensuring affordable housing options are available for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
Bradstreet Community Housing Corporation has achieved a 79% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score is derived entirely from their accountability and finance metrics, underscoring the organization's commitment to transparency and responsible management of resources.
The organization demonstrates notable strengths, including having a fully independent board of directors, which enhances its governance credibility. Additionally, there are no reported issues with material diversion of assets, and policies for conflict of interest, whistleblowing, and document retention are all in place, reflecting robust internal controls. The program expense ratio of 76.91% suggests that a significant portion of expenses is directed towards program activities, which is a positive indicator of operational efficiency.
However, while the overall rating is commendable, the reliance on a single beacon score may limit a more comprehensive assessment of the organization's overall impact and effectiveness. Continued monitoring of fundraising and program outcomes would provide a fuller picture of the organization's performance and its contribution to community housing needs.
This AI summary has been generated from information found on Charity Navigator.
Is Bradstreet Community Housing Corporation legitimate?
Bradstreet Community Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bradstreet Community Housing Corporation 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bradstreet Community Housing Corporation?
Bradstreet Community Housing Corporation, as an organization, is committed to providing affordable housing for individuals in need. This is accomplished through the operation of four units situated in Chelsea, Massachusetts. The mission of Bradstreet Community Housing Corporation is to offer affordable living spaces, catering to those who require such assistance. The corporation's primary goal is to help make housing more accessible, thereby contributing to a more inclusive society.
Who is the CEO of Bradstreet Community Housing Corporation?
Kim Joyce is the Chair of Bradstreet Community Housing Corporation. The CEO's salary of Bradstreet Community Housing Corporation is $0 and their total compensation is $202,813.
What is the revenue of Bradstreet Community Housing Corporation?
Bradstreet Community Housing Corporation's revenue in 2023 was $35,630.
Who are the executives of Bradstreet Community Housing Corporation and what are their salaries?
There 3 volunteers at Bradstreet Community Housing Corporation.
Here are 6 key members and their salaries (Bradstreet Community Housing Corporation's CEO's salary is $0 and their total compensation is $202,813):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $305,996
- Other: $4,591
- Compensation: $0
- Related: $162,297
- Other: $8,612
- Compensation: $0
- Related: $183,531
- Other: $19,282
Where can I find the form 990 for Bradstreet Community Housing Corporation?
Bradstreet Community Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bradstreet Community Housing Corporation
Bradstreet Community Housing Corporation, a nonprofit organization, is committed to providing affordable housing for individuals with lower income levels. Operating in various locations, the corporation's mission is to ensure that those in need have access to suitable living spaces. With a strong focus on affordability, Bradstreet Community Housing Corporation manages four units in Chelsea, Massachusetts, providing a much-needed service to its community. By offering affordable housing, the corporation plays a vital role in contributing to the well-being of its residents and helping to alleviate housing-related struggles.
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Impact
August, 2024
Bradstreet Community Housing Corporation provides essential low-income residential housing in Chelsea, MA. Through the operation of four units, its impact is felt directly by those in need of affordable housing in the community. This organization plays a crucial role in addressing the housing needs of individuals and families with limited resources, ensuring they have a safe and stable place to call home. Their dedication to providing affordable housing contributes significantly to the well-being and quality of life of the residents they serve.
This information is meant to be a general summary of Bradstreet Community Housing Corporation. 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 2023.
- Investment Income: $1,142
- Program Service Revenue: $34,488
- Gross Receipts: $35,630
Assets and Liabilities:
- Total Assets: $420,228
- Total Liabilities: $858,763
- Net Assets: -$438,535
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL FEES
Revenue
$34,488
Organization Details
Founding Year
1999
Phone
(617) 889-4860Principal Officer
Kim Joyce
Main Address
301 BROADWAY, CHELSEA, MA, 02150
NTEE Category
Code: L20 - Housing
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