Overview
What is Bennett Elderly Housing Inc?
Bennett Elderly Housing Inc., a Pennsylvania-based nonprofit organization, was established with the objective of providing housing for low-income elderly individuals. The organization operates a 52-unit community named Bennett Place in Pittsburgh, Pennsylvania, in accordance with Section 202 of the National Housing Act. In September 2022, Bennett Elderly Housing Inc. sold the community to Bennett RHF Partners, LP, retaining a significant role in the new partnership through a seller carryback loan. As the majority member of Bennett RHF MGP, LLC, the nonprofit's primary function now serves as a financing arm for the low-income housing project.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Bennett Elderly Housing Inc has received a remarkable Four-Star rating from Charity Navigator, reflecting exceptional standards in accountability and finance. The organization excels in various metrics, achieving a perfect score in several areas including independent board member representation and financial oversight. With an impressive program expense ratio of 92.36%, it demonstrates a strong commitment to directing funds towards its mission of supporting elderly housing.
The charity's governance structure is robust, featuring a completely independent board and a comprehensive set of policies to ensure transparency and ethical management. Their proactive approach includes a whistleblower policy and a conflict of interest policy, underscoring their commitment to integrity and responsible stewardship of resources. Furthermore, the organization has no reported material diversion of assets, indicating a high level of financial integrity.
While the data highlights numerous strengths, the summary does not mention any specific limitations or areas for improvement. Overall, Bennett Elderly Housing Inc appears to be a well-managed organization dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Bennett Elderly Housing Inc legitimate?
Bennett Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bennett Elderly Housing Inc 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
Official website here: www.rhf.org
What is the mission statement of Bennett Elderly Housing Inc?
Bennett Elderly Housing Inc., as a not-for-profit corporation, was established with the primary objective of providing housing for low-income elderly individuals. This mission is carried out through the operation of a 52-unit community known as Bennett Place, situated in an unspecified location. The organization adheres to Section 202 of the National Housing Act, and its operations are now managed under a new partnership, Bennett RHF Partners, LP, following a sale on September 20, 2022. The corporation continues to support this partnership through a seller carryback loan and serves as the majority member of Bennett RHF MGP, LLC. In its new role, Bennett Elderly Housing Inc. will primarily function as a financing arm for low-income housing projects through this partnership.
Official website here: www.rhf.org
Who is the CEO of Bennett Elderly Housing Inc?
Hartman Stuart J is the CEO of Bennett Elderly Housing Inc The CEO's salary of Bennett Elderly Housing Inc is $0 and their total compensation is $685,724.
Official website here: www.rhf.org
What is the revenue of Bennett Elderly Housing Inc?
Bennett Elderly Housing Inc's revenue in 2024 was $130,150.
Official website here: www.rhf.org
Who are the executives of Bennett Elderly Housing Inc and what are their salaries?
Here are 35 key members and their salaries (Bennett Elderly Housing Inc's CEO's salary is $0 and their total compensation is $685,724):
- Compensation: $0
- Related: $617,596
- Other: $68,128
- Compensation: $0
- Related: $440,286
- Other: $49,216
- Compensation: $0
- Related: $378,582
- Other: $25,235
- Compensation: $0
- Related: $259,219
- Other: $21,908
- Compensation: $0
- Related: $246,158
- Other: $37,102
- Compensation: $0
- Related: $248,822
- Other: $40,606
- Compensation: $0
- Related: $245,158
- Other: $41,335
- Compensation: $0
- Related: $242,093
- Other: $46,746
- Compensation: $0
- Related: $239,642
- Other: $49,191
- Compensation: $0
- Related: $228,362
- Other: $48,817
- Compensation: $0
- Related: $223,831
- Other: $4,520
- Compensation: $0
- Related: $210,648
- Other: $3,734
- Compensation: $0
- Related: $209,162
- Other: $18,816
- Compensation: $0
- Related: $197,200
- Other: $19,731
- Compensation: $0
- Related: $184,618
- Other: $4,763
- Compensation: $0
- Related: $177,682
- Other: $5,331
- Compensation: $0
- Related: $177,323
- Other: $16,482
- Compensation: $0
- Related: $173,077
- Other: $5,192
- Compensation: $0
- Related: $166,856
- Other: $23,842
- Compensation: $0
- Related: $168,542
- Other: $19,443
- Compensation: $0
- Related: $153,750
- Other: $18,784
- Compensation: $0
- Related: $151,652
- Other: $6,199
- Compensation: $0
- Related: $153,972
- Other: $18,804
- Compensation: $0
- Related: $147,014
- Other: $18,185
- Compensation: $0
- Related: $143,382
- Other: $17,693
- Compensation: $0
- Related: $137,523
- Other: $16,437
- Compensation: $0
- Related: $137,151
- Other: $16,749
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rhf.org
Where can I find the form 990 for Bennett Elderly Housing Inc?
Bennett Elderly Housing Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Bennett Elderly Housing Inc
Bennett Elderly Housing Inc, a Pennsylvania-based not-for-profit organization, was established with the primary objective of providing housing for low-income elderly individuals. The corporation operates a 52-unit community named Bennett Place, which is in compliance with Section 202 of the National Housing Act. Following a sale on September 20, 2022, Bennett Elderly Housing Inc now funds the partnership through a seller carryback loan and serves as the majority member of Bennett RHF MGP, LLC. This new partnership will primarily function as a financing arm for low-income housing projects moving forward. The organization's mission is to ensure that elderly individuals have access to suitable and affordable housing, thereby contributing to their well-being and overall quality of life.
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Impact
October, 2024
Bennett Elderly Housing Inc significantly impacts the community by providing affordable housing options for low-income elderly individuals. Operating Bennett Place, a 52-unit housing community in Pittsburgh, this organization plays a critical role in addressing the needs of vulnerable seniors who might otherwise struggle to find safe, secure, and stable living conditions.
By focusing on low-income elderly persons, Bennett Elderly Housing Inc contributes to enhancing the quality of life for its residents, offering them a sense of community and belonging. Additionally, the organization supports sustainable housing solutions through its partnership with Bennett RHF Partners, LP, utilizing innovative financing models to ensure the ongoing development and maintenance of accessible housing.
As the majority member of Bennett RHF MGP, LLC, Bennett Elderly Housing Inc takes on an active role in funding housing projects that follow the guidelines set by the National Housing Act, thereby supporting broader efforts to alleviate housing insecurity among seniors. This strategic pivot highlights both the organization's commitment to its mission and its adaptability in promoting long-term housing solutions for elderly individuals in need.
This information is meant to be a general summary of Bennett Elderly Housing Inc. 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 2024.
- Investment Income: $130,118
- Program Service Revenue: $148,276
- Gross Receipts: $130,150
Assets and Liabilities:
- Total Assets: $3,085,973
- Total Liabilities: $116,016
- Net Assets: $2,969,957
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$148,276
Organization Details
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