Overview
What is Booth Manor Inc?
Booth Manor Inc is a nonprofit organization situated in Chicago, Illinois. It operates a 58-unit apartment complex in adherence to Section 202 of the National Housing Act of 1959, primarily serving low-income elderly individuals and those with disabilities. The organization's mission is to cater to the unique physical, social, and psychological needs of these residents, aiming to improve their health, security, happiness, and overall wellbeing through purposefully designed housing facilities and services. Booth Manor Inc strives to promote a vibrant and fulfilling living experience for its residents, ensuring their long-term comfort and contentment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, Needs Improvement (66%)
Booth Manor Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. With an overall score of 66%, the organization shows strengths in areas such as financial oversight and conflict of interest policies. Specifically, it has achieved perfect scores for its audit and oversight committee, material diversion of assets, and various governance policies, which reflects a commitment to maintaining certain standards of accountability.
However, the organization faces notable weaknesses, particularly in its governance structure. It scored zero on the majority independent board members and independent board size metrics, suggesting a lack of independent oversight that could affect decision-making processes. Additionally, the organization's liabilities to assets ratio received no points, indicating potential financial instability that could be concerning to stakeholders.
While Booth Manor Inc demonstrates some strong governance practices through its policies and oversight mechanisms, the lack of independent board members and poor financial ratios highlight areas that require significant attention. Addressing these weaknesses is crucial for enhancing the nonprofit's overall effectiveness and ensuring greater transparency for its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Booth Manor Inc legitimate?
Booth Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Booth Manor 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: $113,594
For more financial information, click here
What is the mission statement of Booth Manor Inc?
Booth Manor Inc's mission is centered around providing housing and services for low-income elderly persons and individuals with disabilities. The organization's primary goal is to offer specialized housing facilities and services that cater to the physical, social, and psychological needs of these individuals, promoting their health, security, happiness, and overall usefulness in longer living. By doing so, Booth Manor Inc seeks to enhance the quality of life for its residents, fostering their well-being and happiness. The organization operates a 58-unit apartment complex in compliance with Section 202 of the National Housing Act of 1959.
What is the revenue of Booth Manor Inc?
Booth Manor Inc's revenue in 2023 was $524,041.
Who are the executives of Booth Manor Inc and what are their salaries?
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $303,878
- Other: $18,925
- Compensation: $0
- Related: $255,857
- Other: $27,641
- Compensation: $0
- Related: $44,220
- Other: $18,925
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $182,745
- Other: $18,925
- Compensation: $0
- Related: $39,181
- Other: $18,925
- Compensation: $0
- Related: $43,437
- Other: $18,925
- Compensation: $0
- Related: $44,362
- Other: $18,925
- Compensation: $0
- Related: $146,907
- Other: $18,925
- Compensation: $0
- Related: $169,683
- Other: $18,925
Where can I find the form 990 for Booth Manor Inc?
Booth Manor Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Booth Manor Inc
Booth Manor Inc, a nonprofit organization, is dedicated to providing housing and services for low-income elderly persons and handicapped individuals. Their mission is to create living environments that cater to the physical, social, and psychological needs of these individuals. The organization aims to promote their health, security, happiness, and usefulness in longer living. By offering housing facilities and services that are specifically designed to meet their unique needs, Booth Manor Inc strives to enhance the quality of life for these individuals. The organization operates with a genuine concern for the well-being of its residents, providing them with a supportive and nurturing environment that empowers them to live fulfilling lives in their later years.
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Impact
July, 2024
Booth Manor Inc's impact is significant in providing housing and services for low-income elderly persons in Chicago, Illinois. The organization owns and operates a 58 unit apartment complex specifically designed to meet the physical, social, and psychological needs of its residents. By promoting health, security, happiness, and usefulness in longer living, Booth Manor Inc plays a vital role in improving the wellbeing of low-income elderly and handicapped individuals in the community.
This information is meant to be a general summary of Booth Manor 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 2023.
- Investment Income: $24
- Program Service Revenue: $200,520
- Gross Receipts: $524,041
Assets and Liabilities:
- Total Assets: $2,414,705
- Total Liabilities: $3,719,419
- Net Assets: -$1,304,714
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$200,520
Organization Details
Founding Year
1987
Principal Officer
Bramwell E Higgins
NTEE Category
Code: E91 - Health
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