Overview
What is Bridgeport Estates Inc?
Bridgeport Estates Inc is a nonprofit organization situated in Springtown, Texas, serving the residents of Wise County. Their primary mission is to offer affordable housing options to individuals who meet certain income criteria. They are dedicated to improving living conditions for this specific demographic, thereby contributing positively to the community. Bridgeport Estates operates within the boundaries of Wise County, providing an essential service in the realm of affordable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
Bridgeport Estates Inc has received a solid score of 86%, which signifies a commendable level of accountability and financial health. The rating is based entirely on its Accountability & Finance score, indicating a strong emphasis on these areas. The organization boasts a fully independent board of directors, with 100% of its members being independent, and it has no material diversion of assets, which reflects its commitment to governance.
Despite its strengths, Bridgeport Estates Inc does have some areas that need improvement. Notably, it is lacking a whistleblower policy, which could affect its overall accountability framework. However, it maintains a healthy liabilities-to-assets ratio of just 2.50%, and a program expense ratio of 66.77%, showing that most of its resources are directed towards its programs. Overall, while the organization demonstrates strong financial practices, addressing its policy gaps could enhance its rating further.
This AI summary has been generated from information found on Charity Navigator.
Is Bridgeport Estates Inc legitimate?
Bridgeport Estates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgeport Estates 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: $8,610
For more financial information, click here
What is the mission statement of Bridgeport Estates Inc?
Bridgeport Estates Inc., as an organization, is committed to providing low-income housing solutions. Its mission is to create affordable living opportunities for eligible individuals, aiming to make a positive impact on their lives. Although the information does not provide specific criteria for eligibility, it's clear that Bridgeport Estates strives to make a difference in the community by offering housing solutions. The organization operates in Springtown, Texas, but the focus remains on its mission to provide affordable housing options to those in need.
Who is the CEO of Bridgeport Estates Inc?
Michael G Swan is the President of Bridgeport Estates Inc.
What is the revenue of Bridgeport Estates Inc?
Bridgeport Estates Inc's revenue in 2022 was $62,370.
Who are the executives of Bridgeport Estates Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Bridgeport Estates Inc?
Bridgeport Estates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bridgeport Estates Inc
Bridgeport Estates Inc, as a nonprofit organization, is dedicated to providing low-income housing solutions. Its mission is to create affordable living opportunities for individuals who meet specific criteria, thereby contributing to the well-being of the community. By offering housing solutions, Bridgeport Estates aims to make a positive impact on the lives of those in need, ultimately promoting social equity and stability.
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Impact
August, 2024
Bridgeport Estates Inc's impact can be seen in its provision of low-income housing to residents of Wise County, Texas. By offering affordable living opportunities to those in need, Bridgeport Estates contributes to the overall well-being and stability of the community. The organization's focus on housing helps address the housing insecurities faced by low-income individuals and families in the area, ultimately improving their quality of life and promoting economic stability. Through its commitment to providing housing assistance to those who meet specific criteria, Bridgeport Estates plays a vital role in supporting the community and addressing the issue of affordable housing in Wise County.
This information is meant to be a general summary of Bridgeport Estates 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 2022.
- Investment Income: $34
- Program Service Revenue: $62,336
- Gross Receipts: $62,370
Assets and Liabilities:
- Total Assets: $587,361
- Total Liabilities: $12,931
- Net Assets: $574,430
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$62,336
Organization Details
Founding Year
2003
Phone
(817) 523-7555Principal Officer
Michael G Swan
Main Address
101 SWAN CT, SPRINGTOWN, TX, 76082
NTEE Category
Code: L22 - Housing
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