Overview
What is Blue Water Residential Nonprofit Housing Corporation?
Blue Water Residential Nonprofit Housing Corporation, situated in Marysville, Michigan, is a dedicated organization that offers comprehensive residential services for individuals who are developmentally and emotionally impaired. Their primary mission is to provide a supportive living environment, ensuring that these individuals receive the care they need and deserve. The corporation operates with a strong commitment to improving the lives of its residents, fostering a sense of community and empowerment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating.
Blue Water Residential Nonprofit Housing Corporation has received a score of 65%, indicating a moderate level of performance in terms of accountability and finance. The rating is primarily based on the organization’s financial practices and governance, with a perfect score in several key areas, including majority independent board members and program expense ratio, which suggests effective fund utilization towards its mission.
The organization demonstrates strong governance practices, having a fully independent board and no material diversion of assets. It also has a documented conflict of interest policy and provides board meeting minutes, which reflects a commitment to transparency. However, while its program expense ratio is high at 91.24%, the low score in the liabilities to assets ratio indicates potential financial vulnerabilities that may need to be addressed to enhance overall financial health.
In summary, while Blue Water Residential Nonprofit Housing Corporation exhibits solid accountability and governance strengths, its financial instability highlighted by the liabilities to assets ratio poses a concern for its long-term sustainability. This rating serves as a reminder for potential donors to consider both the strengths and weaknesses of the organization when making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Blue Water Residential Nonprofit Housing Corporation legitimate?
Blue Water Residential Nonprofit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blue Water Residential Nonprofit 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:
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Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Blue Water Residential Nonprofit Housing Corporation?
Blue Water Residential Nonprofit Housing Corporation is committed to providing extensive residential services for individuals who are developmentally and emotionally impaired. Their primary objective is to create an environment that caters to the unique needs of these individuals, aiming to improve their quality of life. The corporation strives to offer comprehensive support, ensuring that each resident receives the care they require to lead fulfilling lives. Their mission is a testament to their dedication to empowering and uplifting these individuals, providing them with the tools and resources necessary to thrive.
Who is the CEO of Blue Water Residential Nonprofit Housing Corporation?
Lisa Beedon is the Director of Blue Water Residential Nonprofit Housing Corporation.
What is the revenue of Blue Water Residential Nonprofit Housing Corporation?
Blue Water Residential Nonprofit Housing Corporation's revenue in 2022 was $71,368.
Who are the executives of Blue Water Residential Nonprofit Housing Corporation and what are their salaries?
Here are 7 key members and their salaries:
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- Related: $137,588
- Other: $13,673
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Where can I find the form 990 for Blue Water Residential Nonprofit Housing Corporation?
Blue Water Residential Nonprofit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Blue Water Residential Nonprofit Housing Corporation
Blue Water Residential Nonprofit Housing Corporation is committed to providing comprehensive residential services for individuals who are developmentally and emotionally impaired. Their primary mission is to create an environment that caters to the unique needs of these individuals, aiming to foster their growth and improvement. By offering a range of services tailored to their specific requirements, Blue Water Residential Nonprofit Housing Corporation strives to empower these individuals, helping them navigate their daily lives with dignity and independence.
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Impact
August, 2024
Blue Water Residential Nonprofit Housing Corporation provides comprehensive residential services for the developmentally and emotionally impaired individuals in Marysville, MI. Their impact can be seen in the improved quality of life and support provided to this vulnerable population. By offering specialized housing and services tailored to the needs of the developmentally and emotionally impaired, the organization plays a crucial role in enhancing the well-being and independence of these individuals. Their work falls under the category of human services, highlighting their commitment to meeting the unique challenges faced by this community.
This information is meant to be a general summary of Blue Water Residential Nonprofit 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 2022.
- Investment Income: $8,213
- Program Service Revenue: $63,155
- Gross Receipts: $71,368
Assets and Liabilities:
- Total Assets: $661,035
- Total Liabilities: $601,412
- Net Assets: $59,623
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$63,155
Organization Details
Founding Year
1994
Phone
(810) 388-1200Principal Officer
Lisa Beedon
Main Address
1600 GRATIOT BLVD SUITE 1, MARYSVILLE, MI, 48040
NTEE Category
Code: P70 - Human services
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