Overview
What is Bridgeway Mckinley Inc?
Bridgeway Mckinley Inc is a nonprofit organization situated in Galesburg, Illinois. Their primary focus is on providing housing for the elderly and disabled individuals, ensuring that they have a suitable living environment. The organization operates a 15-unit apartment project, dedicated to this purpose. By offering housing, Bridgeway Mckinley Inc aims to enhance the quality of life for this vulnerable population, providing them with a secure and supportive living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning a Two-Star out of Four Star rating. This rating indicates that while Bridgeway Mckinley Inc demonstrates some strengths in accountability and finance, there are significant areas of concern that impact its overall evaluation.
The organization shows a strong commitment to governance, with 80% of its board members being independent and a clear conflict of interest policy in place. Additionally, it has a high program expense ratio of 84.09%, indicating that a substantial portion of its funds is directed towards its programs. These factors contribute positively to its accountability and transparency.
However, the organization faces challenges with its liabilities to assets ratio, reported at 147.72%, which raises concerns about its financial health and sustainability. Addressing these financial limitations will be crucial for improving its rating and overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Bridgeway Mckinley Inc legitimate?
Bridgeway Mckinley Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgeway Mckinley 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: $18,275
For more financial information, click here
What is the mission statement of Bridgeway Mckinley Inc?
Bridgeway Mckinley Inc is dedicated to providing housing solutions for the elderly and disabled individuals. Their primary mission is to operate a 15-unit apartment project specifically designed for individuals with disabilities, with the intention of serving this community with exempt purposes. The organization's activities revolve around offering suitable housing, aiming to improve the quality of life for those in need.
Who is the CEO of Bridgeway Mckinley Inc?
William Nelson is the CEO of Bridgeway Mckinley Inc The CEO's salary of Bridgeway Mckinley Inc is $0 and their total compensation is $0.
What is the revenue of Bridgeway Mckinley Inc?
Bridgeway Mckinley Inc's revenue in 2024 was $139,705.
Who are the executives of Bridgeway Mckinley Inc and what are their salaries?
There 5 volunteers at Bridgeway Mckinley Inc.
Here are 8 key members and their salaries (Bridgeway Mckinley Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Bridgeway Mckinley Inc?
Bridgeway Mckinley Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Bridgeway Mckinley Inc
Bridgeway Mckinley Inc, as a nonprofit organization, is dedicated to providing housing solutions for the elderly and disabled individuals. At the heart of its mission, Bridgeway Mckinley Inc strives to offer a 15-unit apartment project specifically designed for disabled persons. This project operates under exempt purposes, reflecting the organization's commitment to serving this specific community. By providing housing, Bridgeway Mckinley Inc aims to contribute to the overall well-being and independence of its residents, enabling them to live with dignity and security.
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Impact
October, 2024
Bridgeway Mckinley Inc significantly impacts the community by providing essential housing solutions for elderly and disabled individuals. Through the operation of a 15-unit apartment project, it ensures that vulnerable populations have access to safe and supportive living environments. This not only enhances their quality of life but also fosters a sense of independence among residents. The organization plays a critical role in addressing the housing needs of these groups in Galesburg, IL, contributing to the overall well-being and stability of the community. By focusing on inclusive housing options, Bridgeway Mckinley Inc helps mitigate the challenges faced by elderly and disabled persons, offering them a place they can call home.
This information is meant to be a general summary of Bridgeway Mckinley 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 2024.
- Investment Income: $227
- Program Service Revenue: $141,070
- Gross Receipts: $141,858
Assets and Liabilities:
- Total Assets: $912,854
- Total Liabilities: $1,263,669
- Net Assets: -$350,815
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING ASSISTANCE PMT
Revenue
$95,634
APARTMENT CARRY CHARGE
Revenue
$45,436
Organization Details
Founding Year
1996
Principal Officer
William Nelson
NTEE Category
Code: L20 - Housing
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