Overview
What is Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company?
Bgc-Ii Nonprofit Housing Corporation, overseen by Altman Management Company, is a Michigan-based organization located at 2170 Commons Pkwy, Okemos, MI 48864. Their primary mission is to provide and preserve affordable housing for low-income individuals and families within the state. In addition to housing, they offer social and recreational facilities to serve the residential community. The organization's activities encompass more than just housing, aiming to cater to various other needs of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (45%)
Bgc-Ii Nonprofit Housing Corporation has received a low score of 45%, resulting in a Zero-Star out of Four Star rating from Charity Navigator. This rating is primarily based on accountability and finance metrics, indicating significant shortcomings in transparency and documentation. The lack of financial statements and missing policies such as conflict of interest and whistleblower protections raise concerns about governance practices.
Despite these issues, the organization does have strengths, particularly in board independence, with 100% of its board members being independent. Additionally, it shows a solid ratio of liabilities to assets, suggesting a manageable level of debt. However, the overall lack of financial documentation and policies highlights areas requiring immediate improvement to enhance trust and accountability.
Users and stakeholders may find the absence of essential financial information and governance policies troubling, which could impact the organization's reputation and credibility. Addressing these weaknesses is crucial for Bgc-Ii Nonprofit Housing Corporation to improve its standing and foster greater donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company legitimate?
Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company 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
For more financial information, click here
What is the mission statement of Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company?
The Bgc-Ii Nonprofit Housing Corporation, managed by Altman Management Company, is committed to providing and preserving housing facilities for individuals and families of low income. Their mission extends beyond just housing, as they also aim to cater to the social and various other needs of their residents. Currently, they offer 214 rental units to individuals with moderate to low income. Additionally, the organization provides social and recreational facilities to serve their residential community.
Who is the CEO of Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company?
Richard Kerbawy is the Treasurer of Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company.
What is the revenue of Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company?
Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company's revenue in 2022 was $2,468,286.
Who are the executives of Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company and what are their salaries?
There 2 volunteers at Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company?
Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company
BGC-Ii Nonprofit Housing Corporation, under the management of Altman Management Company, is committed to providing and preserving housing facilities for individuals and families of low income in Michigan. Beyond offering residential units, this nonprofit organization also aims to cater to the social and various other needs of its residents. By providing 214 rental units, BGC-Ii Nonprofit Housing Corporation strives to make housing accessible and affordable for those who fall within the low to moderate income bracket. In addition to offering a place to live, the organization also provides social and recreational facilities to serve the residential area, contributing to a sense of community and well-being for its residents.
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Impact
July, 2024
Bgc-II Nonprofit Housing Corporation, managed by Altman Management Company, has a direct and tangible impact on the community in Okemos, Michigan. Through providing and preserving housing facilities for individuals and families of low income, Bgc-II contributes significantly to addressing the pressing issue of affordable housing in the area. With 214 rental units available, the organization offers essential housing options for those in need, helping to stabilize and improve the living conditions of its residents.
Furthermore, Bgc-II goes beyond just housing provision by offering social and recreational facilities to enhance the quality of life for its residents. By addressing the social and various other needs of low to moderate-income individuals and families, the organization plays a crucial role in fostering a sense of community and well-being in its residential area.
In summary, Bgc-II Nonprofit Housing Corporation's impact can be seen in its commitment to providing affordable housing, supporting social needs, and enhancing the overall quality of life for its residents in Okemos, Michigan.
This information is meant to be a general summary of Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company. 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: $4,130
- Program Service Revenue: $2,464,156
- Gross Receipts: $2,468,286
Assets and Liabilities:
- Total Assets: $16,613,324
- Total Liabilities: $8,499,613
- Net Assets: $8,113,711
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$2,435,071
ANCILLARY FEES
Revenue
$29,085
Organization Details
Founding Year
1992
Phone
(517) 853-6655Principal Officer
Richard Kerbawy
Main Address
2170 COMMONS PKWY, OKEMOS, MI, 48864
NTEE Category
Code: L200 - Housing
If you are a representative of Bgc-Ii Nonprofit Housing Corporation C/O Altman Management Company and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.