Overview
What is Bethlehem Ltd C/O East Lake Management & Development Co?
Bethlehem Ltd C/O East Lake Management & Development Co is a nonprofit organization located in Chicago, Illinois, specializing in senior housing and accommodations. Their primary purpose is to offer a home for the elderly and those in financial need. By providing housing, they aim to support and uplift this demographic, ensuring they live with dignity and security. The organization's mission is deeply rooted in its commitment to catering to the elderly and less fortunate, providing them with a much-needed shelter in their later years.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement)
Bethlehem Ltd C/O East Lake Management & Development Co has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas despite a strong accountability and finance score of 100%. The organization demonstrates a solid governance structure with a fully independent board, scoring full points in board member independence and financial oversight. Notably, it has no material diversion of assets, reflecting good financial practices.
However, the nonprofit faces significant transparency issues, as indicated by missing policies and disclosures. Key elements such as the conflict of interest policy, whistleblower policy, and documentation of board meeting minutes are either absent or not disclosed, resulting in zero points in several critical categories. Additionally, the organization’s liabilities far exceed its assets, indicated by a liabilities to assets ratio of 198.39%, which raises concerns about its financial stability.
With a program expense ratio of 93.36%, Bethlehem Ltd allocates a substantial portion of its resources to its programs, which is a positive sign of its mission focus. Nevertheless, the lack of required disclosures and important policies may hinder trust and accountability with stakeholders. The organization would benefit from addressing these deficiencies to improve its overall standing and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Bethlehem Ltd C/O East Lake Management & Development Co legitimate?
Bethlehem Ltd C/O East Lake Management & Development Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethlehem Ltd C/O East Lake Management & Development Co 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: $154,938
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What is the mission statement of Bethlehem Ltd C/O East Lake Management & Development Co?
Bethlehem Ltd, under the management of East Lake Management & Development Co, is committed to providing housing for individuals who are elderly and economically disadvantaged. The organization's mission is to offer a living space that caters to the needs of this specific demographic, ensuring they have a secure and comfortable environment. By providing housing, Bethlehem Ltd aims to contribute positively to the well-being of these individuals, enhancing their quality of life. The focus on elderly and poor residents is a testament to the organization's dedication to social responsibility and supporting vulnerable communities.
Who is the CEO of Bethlehem Ltd C/O East Lake Management & Development Co?
Andrew Hunt Jr is the Director of Bethlehem Ltd C/O East Lake Management & Development Co.
What is the revenue of Bethlehem Ltd C/O East Lake Management & Development Co?
Bethlehem Ltd C/O East Lake Management & Development Co's revenue in 2022 was $1,077,367.
Who are the executives of Bethlehem Ltd C/O East Lake Management & Development Co and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Bethlehem Ltd C/O East Lake Management & Development Co?
Bethlehem Ltd C/O East Lake Management & Development Co's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bethlehem Ltd C/O East Lake Management & Development Co
Bethlehem Ltd C/O East Lake Management & Development Co is a dedicated organization with a mission to provide housing for the elderly and those in need of assistance due to poverty. This nonprofit institution is committed to offering a secure living environment for the elderly, ensuring they have access to essential care and services. By fulfilling this mission, Bethlehem Ltd C/O East Lake Management & Development Co aims to enhance the quality of life for its residents, providing them with a sense of security, community, and dignity during their golden years.
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Impact
October, 2024
Bethlehem Ltd C/O East Lake Management & Development Co has a significant impact by addressing the critical need for affordable housing for the elderly and economically disadvantaged populations in Chicago, IL. By providing a dedicated retirement home and senior housing program, Bethlehem plays a vital role in enhancing the quality of life for its residents.
The organization's focus on creating safe, stable, and supportive living environments allows elderly individuals to maintain their independence while ensuring they have access to necessary services and community resources. This commitment not only improves individual well-being but also fosters a sense of community among residents, encouraging social interactions and reducing feelings of isolation.
Furthermore, by targeting its efforts towards those in need, Bethlehem contributes to reducing homelessness and housing insecurity among vulnerable populations. The provision of affordable housing alleviates financial burdens for low-income seniors, allowing them to allocate resources toward health care, nutrition, and other essential needs.
In summary, Bethlehem Ltd C/O East Lake Management & Development Co significantly impacts the community by enhancing the living conditions of the elderly and impoverished residents, promoting social connectivity, and addressing broader issues of housing insecurity in Chicago.
This information is meant to be a general summary of Bethlehem Ltd C/O East Lake Management & Development Co. 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: $231
- Program Service Revenue: $1,075,714
- Gross Receipts: $1,077,367
Assets and Liabilities:
- Total Assets: $1,947,881
- Total Liabilities: $3,864,482
- Net Assets: -$1,916,601
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,075,714
Organization Details
Founding Year
1980
Principal Officer
Andrew Hunt Jr
Main Address
2850 S MICHIGAN AVENUE, CHICAGO, IL, 60616
NTEE Category
Code: L21 - Housing
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