Overview
What is Bayonet Point Area Housing Inc C/O Embrace Living Communities?
Bayonet Point Area Housing Inc, operating under the name Embrace Living Communities, is a nonprofit organization established in Illinois in 1976. Their primary purpose is to offer affordable and welcoming living spaces to actively aging adults in communities that embrace a positive living environment. Based in Oak Brook, Illinois, the organization was initially set up to acquire land and construct buildings for low-income elderly and disabled individuals, as defined by the National Housing Act of 1959. Their mission continues to be centered around providing such individuals with a welcoming home, emphasizing on the importance of community living.
Official website here: www.embraceliving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Bayonet Point Area Housing Inc C/O Embrace Living Communities has achieved a commendable score of 96%, indicating strong performance in accountability and finance. This high rating reflects effective financial oversight and a commitment to transparency, as evidenced by the organization’s independent board structure and comprehensive policies on conflict of interest and whistleblower protections.
The organization boasts a high program expense ratio of 90.13%, suggesting that a substantial portion of its funds is directed towards its programs rather than administrative costs. Additionally, the lack of material diversion of assets and a favorable liabilities-to-assets ratio of 4.15% further underscore the charity's financial stability and responsible management practices.
While the data highlights many strengths, it's essential for potential donors to consider the broader context of the organization's mission and impact in the community. Overall, the rating reflects a solid foundation of governance and financial health, making it a trustworthy option for donors seeking to support a nonprofit with high accountability standards.
This AI summary has been generated from information found on Charity Navigator.
Is Bayonet Point Area Housing Inc C/O Embrace Living Communities legitimate?
Bayonet Point Area Housing Inc C/O Embrace Living Communities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bayonet Point Area Housing Inc C/O Embrace Living Communities 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: $271,474
For more financial information, click here
Official website here: www.embraceliving.org
What is the mission statement of Bayonet Point Area Housing Inc C/O Embrace Living Communities?
Bayonet Point Area Housing Inc, operating under Embrace Living Communities, has a mission to provide affordable and welcoming living spaces for actively aging adults. Established as a not-for-profit corporation in Illinois in 1976, the organization's purpose is to acquire land, construct buildings, and offer housing to low-income elderly and disabled individuals, as per the National Housing Act of 1959. Their mission is to create communities that embrace living, offering a welcoming home for their residents as they age actively.
Official website here: www.embraceliving.org
Who is the CEO of Bayonet Point Area Housing Inc C/O Embrace Living Communities?
Ralph Gaines is the CEO of Bayonet Point Area Housing Inc C/O Embrace Living Communities The CEO's salary of Bayonet Point Area Housing Inc C/O Embrace Living Communities is $0 and their total compensation is $406,531.
Official website here: www.embraceliving.org
What is the revenue of Bayonet Point Area Housing Inc C/O Embrace Living Communities?
Bayonet Point Area Housing Inc C/O Embrace Living Communities's revenue in 2023 was $900,139.
Official website here: www.embraceliving.org
Who are the executives of Bayonet Point Area Housing Inc C/O Embrace Living Communities and what are their salaries?
There 7 volunteers at Bayonet Point Area Housing Inc C/O Embrace Living Communities.
Here are 12 key members and their salaries (Bayonet Point Area Housing Inc C/O Embrace Living Communities's CEO's salary is $0 and their total compensation is $406,531):
- Compensation: $0
- Related: $357,625
- Other: $48,906
- Compensation: $0
- Related: $209,490
- Other: $20,088
- Compensation: $0
- Related: $134,487
- Other: $29,262
- Compensation: $0
- Related: $114,791
- Other: $40,412
- Compensation: $0
- Related: $108,003
- Other: $40,055
- Compensation: $0
- Related: $109,898
- Other: $27,919
- Compensation: $0
- Related: $104,132
- Other: $27,575
- 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.embraceliving.org
Where can I find the form 990 for Bayonet Point Area Housing Inc C/O Embrace Living Communities?
Bayonet Point Area Housing Inc C/O Embrace Living Communities's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.embraceliving.org
Learn more at the official website: www.embraceliving.org
Mission Statement of Bayonet Point Area Housing Inc C/O Embrace Living Communities
Bayonet Point Area Housing Inc C/O Embrace Living Communities, established in 1976, was incorporated as a not-for-profit organization in Illinois. Its primary mission is to provide affordable and welcoming homes for actively aging adults in communities that embrace living. Originally formed to acquire land and construct buildings for low-income elderly and disabled individuals as per the National Housing Act of 1959, the organization continues to uphold this mission today. By offering affordable housing, Bayonet Point Area Housing Inc C/O Embrace Living Communities creates welcoming environments for senior adults, enabling them to age gracefully in supportive communities.
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Impact
October, 2024
Bayonet Point Area Housing Inc C/O Embrace Living Communities significantly impacts the lives of actively aging adults by providing affordable and welcoming homes. Located in Oak Brook, Illinois, the organization focuses on creating environments that foster a sense of community and support for low-income elderly and handicapped individuals. Since its incorporation in 1976, it has played a vital role in enhancing the quality of life for residents by ensuring they have access to safe and dignified housing.
The mission to embrace living within these communities not only addresses housing needs but also promotes a vibrant lifestyle for older adults. By offering thoughtfully designed living spaces, the organization helps residents maintain a sense of independence while also encouraging social engagement and connection with others. This holistic approach contributes not just to individual well-being, but to healthier, more interconnected communities overall.
This information is meant to be a general summary of Bayonet Point Area Housing Inc C/O Embrace Living Communities. 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 2023.
- Investment Income: $448
- Program Service Revenue: $891,325
- Gross Receipts: $900,139
Assets and Liabilities:
- Total Assets: $1,825,099
- Total Liabilities: $75,857
- Net Assets: $1,749,242
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$296,308
TENANT ASSISTANCE PAYMENTS
Revenue
$595,017
Organization Details
Founding Year
1989
Principal Officer
Anne Oliva
Website
www.embraceliving.orgNTEE Category
Code: L22 - Housing
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