Overview
What is Bcp Housing Corporation?
Bcp Housing Corporation is a nonprofit organization located at 950 W Pershing Road, Decatur, Illinois. They specialize in providing housing for elderly and disabled individuals with low to moderate income. Approved as a Section 202 Housing Project by the Department of Housing and Urban Development (HUD), they offer 122 units to eligible residents who can also benefit from Section 8 assistance under the US Housing Act of 1937. Their mission is centered around housing, aiming to enhance the living conditions for this specific demographic.
Official website here: www.swartzprop.net/belvedere.php
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
Bcp Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in several key areas. The organization's Accountability & Finance score stands at 69%, reflecting a mix of strengths and weaknesses in governance and financial transparency. Notably, the board is fully independent, and the financial statements are audited, which are strong points for accountability.
However, there are significant gaps in policies that could enhance governance, such as the absence of a conflict of interest policy, whistleblower policy, and a document retention policy. Additionally, while the program expense ratio is commendably high at 77.29%, indicating a strong commitment to programmatic spending, the liabilities to assets ratio raises concerns at 198.15%, suggesting potential financial instability.
Overall, while Bcp Housing Corporation demonstrates certain strengths in its independent governance and program spending, the lack of essential operational policies and concerning financial ratios highlight areas that need urgent attention to improve its effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Bcp Housing Corporation legitimate?
Bcp Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bcp 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: $0
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Official website here: www.swartzprop.net/belvedere.php
What is the mission statement of Bcp Housing Corporation?
The Bcp Housing Corporation is dedicated to providing housing solutions for the elderly and disabled individuals with low and moderate income. Their mission is enacted through the operation of an approved Section 202 Housing Project, overseen by the Department of Housing and Urban Development (HUD). This project comprises 122 units, specifically designed for low-income elderly residents eligible for assistance under Section 8 of the US Housing Act of 1937. The corporation's primary goal is to ensure these individuals have access to suitable housing accommodations.
Official website here: www.swartzprop.net/belvedere.php
Who is the CEO of Bcp Housing Corporation?
Dale Ford is the President of Bcp Housing Corporation.
Official website here: www.swartzprop.net/belvedere.php
What is the revenue of Bcp Housing Corporation?
Bcp Housing Corporation's revenue in 2023 was $1,521,405.
Official website here: www.swartzprop.net/belvedere.php
Who are the executives of Bcp Housing Corporation and what are their salaries?
There 3 volunteers at Bcp Housing Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.swartzprop.net/belvedere.php
Where can I find the form 990 for Bcp Housing Corporation?
Bcp Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.swartzprop.net/belvedere.php
Learn more at the official website: www.swartzprop.net/belvedere.php
Mission Statement of Bcp Housing Corporation
Bcp Housing Corporation is dedicated to providing housing solutions for the elderly and disabled individuals with low and moderate income. This nonprofit organization's mission is to serve as a sanctuary for this vulnerable population, ensuring they have access to safe and affordable living spaces. Bcp Housing Corporation is recognized as an approved Section 202 Housing Project by the Department of Housing and Urban Development (HUD). This project comprises 122 units specifically designed for low-income elderly residents who are eligible for assistance under Section 8 of the U.S. Housing Act of 1937. This initiative significantly contributes to the well-being and stability of the elderly and disabled community, providing them with a secure living environment that caters to their unique needs.
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Impact
October, 2024
Bcp Housing Corporation significantly enhances the quality of life for elderly and disabled individuals with low and moderate income in Decatur, IL. By providing 122 affordable housing units, it addresses a critical need for accessible living spaces, ensuring that vulnerable populations have a safe and stable environment. As an approved Section 202 housing project through the Department of Housing and Urban Development (HUD), Bcp Housing Corporation enables residents to benefit from assistance under Section 8 of the US Housing Act of 1937. This initiative not only offers affordable housing options but also fosters a sense of community and belonging among its residents, promoting their overall well-being and independence.
This information is meant to be a general summary of Bcp 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $829
- Program Service Revenue: $1,520,576
- Gross Receipts: $1,521,405
Assets and Liabilities:
- Total Assets: $2,544,729
- Total Liabilities: $5,042,488
- Net Assets: -$2,497,759
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING
Revenue
$1,414,410
INSURANCE CLAIMS
Revenue
$89,767
SERVICE INC.- LAUNDRY
Revenue
$10,804
SERVICE INC.- DAMAGES
Revenue
$5,441
MISCELLANEOUS
Revenue
$154
Organization Details
Founding Year
1987
Phone
(217) 877-8703Principal Officer
Dale Ford
Main Address
950 W PERSHING ROAD, DECATUR, IL, 62526
NTEE Category
Code: L21 - Housing
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