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Rcil-Rochester Barrier Free Housing Corporation

Newbridge Apartments

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363261853 ✦ Rochester, MN ✦ Designated as a 501(c)(3)

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Overview

What is Rcil-Rochester Barrier Free Housing Corporation?

Rcil-Rochester Barrier Free Housing Corporation, operating as Newbridge Apartments, is a nonprofit organization situated in Rochester, Minnesota. Their primary mission is to provide subsidized housing and necessary services to low-income and handicapped individuals. The organization operates a 41-unit apartment building, meticulously designed to cater to the unique needs of disabled residents, ensuring they can live independently with ease. This includes accessible housing features and additional services tailored to their specific requirements.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 60% (Two-Star out of Four Star rating)

The Rcil-Rochester Barrier Free Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. While the organization has demonstrated strong governance with a fully independent board and effective audit oversight, significant weaknesses in other areas have affected its overall score. The lack of policies for conflict of interest and whistleblower protections raises concerns about transparency and ethical practices.

Financially, the organization shows a good program expense ratio, suggesting that a substantial portion of its spending is directed toward its mission. However, issues such as incomplete financial disclosures on its website and an inadequate liabilities to assets ratio indicate possible vulnerabilities in financial management. The absence of critical policies and documentation may hinder its ability to respond to potential risks and maintain stakeholder trust.

Overall, while Rcil-Rochester Barrier Free Housing Corporation exhibits strengths in governance and program focus, it must address its shortcomings in transparency and policy implementation to enhance its credibility and effectiveness as a nonprofit organization.


This AI summary has been generated from information found on Charity Navigator.

Is Rcil-Rochester Barrier Free Housing Corporation legitimate?

Rcil-Rochester Barrier Free Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rcil-Rochester Barrier Free 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: $72,947

For more financial information, click here

What is the mission statement of Rcil-Rochester Barrier Free Housing Corporation?

The Rcil-Rochester Barrier Free Housing Corporation operates a 41-unit apartment building, serving as a hub that provides accessible housing and essential services catering to the unique needs of handicapped individuals. The organization's mission is geared towards enabling these individuals to live independently. By offering tailored services, the corporation aims to provide a supportive living environment that fosters independence and improves the quality of life for its residents. The subsidized apartment building is designed to accommodate the needs of low-income and handicapped individuals, ensuring they have access to a comfortable and inclusive living space.

Who is the CEO of Rcil-Rochester Barrier Free Housing Corporation?

Jay Beyer-Kropuenske is the President of Rcil-Rochester Barrier Free Housing Corporation.

What is the revenue of Rcil-Rochester Barrier Free Housing Corporation?

Rcil-Rochester Barrier Free Housing Corporation's revenue in 2023 was $569,077.

Who are the executives of Rcil-Rochester Barrier Free Housing Corporation and what are their salaries?

There 2 volunteers at Rcil-Rochester Barrier Free Housing Corporation.


Here are 2 key members and their salaries:


Jay Beyer-Kropuenske (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Jewison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Rcil-Rochester Barrier Free Housing Corporation?

Rcil-Rochester Barrier Free Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Rcil-Rochester Barrier Free Housing Corporation

Rcil-Rochester Barrier Free Housing Corporation is dedicated to providing accessible housing and necessary services for individuals with disabilities, enabling them to live independently. This nonprofit organization operates a 41-unit apartment building, meticulously designed to cater to the unique needs of these individuals. By offering subsidized housing and accommodating services, Rcil-Rochester Barrier Free Housing Corporation strives to create an environment that fosters independence and improves the quality of life for its residents.

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Impact




July, 2024

Rcil-Rochester Barrier Free Housing Corporation's impact is clearly seen through its provision of a 41-unit apartment building designed specifically for handicapped individuals. This initiative not only offers accessible housing but also provides services that cater to the unique needs of those living with disabilities, enabling them to live independently. Through this subsidized apartment building, Rcil-Rochester Barrier Free Housing Corporation is effectively addressing the housing challenges faced by low-income and handicapped individuals in Rochester, MN. This tangible support contributes to enhancing the quality of life and fostering independence among its residents.




This information is meant to be a general summary of Rcil-Rochester Barrier Free 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.

Revenue
$569,077 (2023)
Expenses
$570,483 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $6,061
  • Program Service Revenue: $188,566
  • Gross Receipts: $569,077

Assets and Liabilities:

  • Total Assets: $2,712,759
  • Total Liabilities: $3,222,960
  • Net Assets: -$510,201

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RESIDENT RENTS

Revenue

$184,693

LAUNDRY AND VENDING INC.

Revenue

$3,496

TENANT CHARGES

Revenue

$377

Organization Details

Founding Year

1983

Principal Officer

Jay Beyer-Kropuenske

Main Address

325 FIRST AVENUE SW, ROCHESTER, MN, 55902

NTEE Category

Code: L200 - Housing

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