Overview
What is Beth-Anne Residences?
Beth-Anne Residences is a nonprofit organization situated in Chicago, Illinois, focused on providing housing solutions for low-income elderly and disabled individuals. In alignment with Section 202 of the National Housing Act, the organization owns and operates a 125-unit residential rental facility, dedicated to offering a supportive living environment for these individuals. Their primary objective is to ensure that these vulnerable populations have access to comfortable and safe living quarters.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Beth-Anne Residences has received a strong overall score of 79%, indicating a solid commitment to accountability and finance. The rating is derived from a single beacon score focused entirely on financial practices, showcasing the charity's dedication to maintaining transparency and responsible financial management.
The organization excels in several aspects of governance, including having a fully independent board with eight out of eight members. It also demonstrates comprehensive oversight with an audit and oversight committee, and no material diversion of assets has been reported, reflecting effective risk management practices. Additionally, the presence of conflict of interest and whistleblower policies highlights the organization's commitment to ethical governance.
However, as the score is based solely on financial accountability, it does not provide insights into the charity’s programmatic impact or effectiveness in achieving its mission. While the financial metrics are strong, potential donors may want to consider additional factors such as program outcomes and community feedback to fully assess the organization’s overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Beth-Anne Residences legitimate?
Beth-Anne Residences is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beth-Anne Residences 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: $450,784
For more financial information, click here
What is the mission statement of Beth-Anne Residences?
Beth-Anne Residences is an organization dedicated to providing housing solutions. Its primary mission is to cater to the needs of low-income elderly and disabled individuals. It achieves this by owning and operating a 125-unit residential rental facility, in line with Section 202 of the National Housing Act. The organization's primary program emphasizes offering an assisted living facility, adhering to the guidelines set by Section 202 of the National Housing Act. The goal is to ensure these individuals have a suitable living environment that supports their unique needs.
Who is the CEO of Beth-Anne Residences?
Sharif Walker is the President of Beth-Anne Residences.
What is the revenue of Beth-Anne Residences?
Beth-Anne Residences's revenue in 2022 was $1,595,352.
Who are the executives of Beth-Anne Residences and what are their salaries?
There 11 volunteers at Beth-Anne Residences.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Beth-Anne Residences?
Beth-Anne Residences's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beth-Anne Residences
Beth-Anne Residences, as an organization, is committed to providing housing for individuals who fall under the categories of low income elderly and disabled individuals. This mission is carried out through the operation of a 125-unit residential rental facility, in accordance with Section 202 of the National Housing Act. The primary program offered by Beth-Anne Residences is an assisted living facility, specifically designed for the needs of low income elderly and disabled individuals, once again, in adherence to Section 202 of the National Housing Act. The organization's mission reflects a dedication to offering a safe and supportive living environment for this specific demographic, aiming to enhance their quality of life.
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Impact
October, 2024
Beth-Anne Residences plays a crucial role in enhancing the quality of life for low-income elderly and disabled individuals in Chicago, Illinois. By providing a 125-unit assisted living facility, it addresses a significant need for affordable housing amongst vulnerable populations. The organization ensures that residents have access to safe and supportive living arrangements, which are vital for their well-being and independence.
The impact of Beth-Anne Residences extends beyond just housing. It fosters a sense of community and belonging, allowing individuals to connect with peers in a supportive environment. By prioritizing accessibility and affordability, it alleviates some of the financial burdens on residents, enabling them to focus on their health and social interactions. Ultimately, Beth-Anne Residences serves as a lifeline for many, promoting dignity, autonomy, and a higher quality of life for its residents.
This information is meant to be a general summary of Beth-Anne Residences. 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: $34
- Program Service Revenue: $1,595,318
- Gross Receipts: $1,595,352
Assets and Liabilities:
- Total Assets: $5,975,593
- Total Liabilities: $10,551,769
- Net Assets: -$4,576,176
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE - TENAN
Revenue
$1,092,327
RENTAL REVENUE
Revenue
$500,600
OTHER PROGRAM REVENUE
Revenue
$2,391
Organization Details
Founding Year
1998
Phone
(773) 473-7870Principal Officer
Sharif Walker
Main Address
1140 N LAMON AVE, CHICAGO, IL, 60651
NTEE Category
Code: L200 - Housing
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