Overview
What is Martindale Brightwood Community Development Center?
The Martindale Brightwood Community Development Center is a nonprofit organization situated in Indianapolis, Indiana, specifically at 2855 North Keystone Ave, 46218. Their primary mission is to assist low-income families by facilitating the purchase and rehabilitation of affordable housing. With a dedicated workforce of seven individuals, they continue to deliver programs aimed at making housing more accessible for families in need, thereby contributing positively to their community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 35%, Zero-Star out of Four Star rating.
The Martindale Brightwood Community Development Center has received a low score of 35%, reflecting significant concerns regarding its accountability and financial management. While the organization has strengths in governance, including a fully independent board and robust policies for whistleblower protections and document retention, critical financial ratios indicate potential issues in sustainability and program funding.
One of the notable strengths is the high percentage of independent board members, which suggests a commitment to transparency and ethical governance practices. However, the program expense ratio is particularly low at 36.86%, raising questions about the proportion of funds directed towards its programs versus administrative costs. Furthermore, the liabilities to assets ratio stands at 29%, which can signal financial instability.
Overall, while the organization demonstrates good governance practices, the financial concerns highlighted by the low program expense ratio and high liabilities suggest a need for improvement in resource allocation to better fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Martindale Brightwood Community Development Center legitimate?
Martindale Brightwood Community Development Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martindale Brightwood Community Development Center 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: $360,220
For more financial information, click here
What is the mission statement of Martindale Brightwood Community Development Center?
The Martindale Brightwood Community Development Center's mission is centered around continuing to offer programs that aid low-income families in their pursuit and renovation of affordable housing. By providing these resources, the center aims to contribute positively to the housing needs of those with limited financial means. The organization's activities are primarily focused on facilitating affordable housing purchases and renovations for these families.
Who is the CEO of Martindale Brightwood Community Development Center?
Amina Pierson is the Executive Director of Martindale Brightwood Community Development Center.
What is the revenue of Martindale Brightwood Community Development Center?
Martindale Brightwood Community Development Center's revenue in 2022 was $2,305,062.
Who are the executives of Martindale Brightwood Community Development Center and what are their salaries?
The average compensation at Martindale Brightwood Community Development Center during 2022 was $51,460. There are 7 employees at Martindale Brightwood Community Development Center.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Martindale Brightwood Community Development Center?
Martindale Brightwood Community Development Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Martindale Brightwood Community Development Center
Martindale Brightwood Community Development Center is committed to continuing its mission of providing programs that aid low-income families in the process of purchasing and rehabilitating affordable housing. This nonprofit organization works tirelessly to facilitate this critical service, aiming to make homeownership a reality for individuals and families who might otherwise struggle to afford it. By offering assistance in this area, Martindale Brightwood Community Development Center plays a significant role in improving living conditions and fostering stability within the communities it serves.
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Impact
October, 2024
Martindale Brightwood Community Development Center plays a crucial role in enhancing the lives of low-income families in Indianapolis by facilitating access to affordable housing. By providing targeted programs that assist these families in both purchasing and rehabilitating homes, the Center empowers individuals to achieve housing stability and improve their living conditions. This impact not only helps families establish roots within the community, but it also fosters economic growth and revitalization in the neighborhood. Through these efforts, the center contributes to creating a more sustainable and equitable environment for residents, ultimately uplifting the quality of life for many in the area.
This information is meant to be a general summary of Martindale Brightwood Community Development Center. 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.
- Program Service Revenue: $2,219,466
- Gross Receipts: $2,305,062
Assets and Liabilities:
- Total Assets: $1,676,260
- Total Liabilities: $486,193
- Net Assets: $1,190,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Yes Program
Revenue
$447,084
Yes Disaster Recovery
Revenue
$30,902
Home Owner Repair Programs
Revenue
$172,516
INJP INDI Grant
Revenue
$68,750
Other Grant Funding
Revenue
$1,500,214
Organization Details
Founding Year
1992
Phone
(317) 924-8042Principal Officer
Amina Pierson
Main Address
2855 North Keystone Ave, Indianapolis, IN, 46218
NTEE Category
Code: L25Z - Housing
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