Overview
What is Batc Foundation?
The Batc Foundation, operating as the charitable arm of Housing First Minnesota, is a dedicated nonprofit organization based in Roseville, Minnesota. Their primary mission is to collaborate with local service providers and building professionals to provide safe, durable, and affordable housing for the state's homeless individuals, veterans, and those in need. By leveraging the talents and resources of its member builders, remodelers, suppliers, and volunteers, the foundation has expanded housing capacity for vulnerable populations at a lower cost. One of their notable projects involved funding four community build projects with Lennar for the Minnesota Assistance Council for Veterans (MACV), resulting in supportive housing for approximately 40 veterans and their families annually. These projects added an additional 10,000 square feet of housing in the community, each home featuring an accessory dwelling unit for added flexibility. The foundation also provides case management, employment, and legal services to help veterans regain confidence and self-sufficiency.
Official website here: www.housingfirstmnfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Batc Foundation has achieved an impressive rating of 96%, earning a Four-Star designation from Charity Navigator. This high score reflects exceptional accountability and financial health, demonstrating a commitment to maintaining transparency and effective management practices. The foundation's rating is solely based on its accountability and finance beacon, highlighting its strong governance and operational efficiencies.
The organization boasts a fully independent board with 100% of its members being independent, which is a significant strength. This structure ensures unbiased decision-making and oversight. Furthermore, the foundation has successfully implemented key policies, including conflict of interest, whistleblower, and document retention policies, all of which contribute to its accountability framework.
Financially, the Batc Foundation shows robust performance with a program expense ratio of 74.52%, indicating that a substantial portion of its funds is directed towards its mission-related programs. Its liabilities to assets ratio of 31.52% also reflects a healthy balance sheet. Overall, while the data indicates strong performance, there is no mention of specific program outcomes or community impact, which could provide further insight into the effectiveness of the foundation's initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Batc Foundation?
100% of the 6 reviewers on Facebook highly recommend the Batc Foundation. Here’s a summary of their insights:
The organization is praised for its effective partnerships with local housing service organizations and builders, focusing on creating or improving transitional housing for vulnerable populations such as the homeless and veterans. Reviewers appreciate the positive impact the foundation has in addressing a critical issue within the Minnesota community.
Overall, the sentiment towards the Batc Foundation is overwhelmingly positive, indicating that it successfully meets its mission to provide essential housing support. Users express satisfaction with the organization's commitment to making a difference in the lives of those in need.
This AI summary has been generated from reviews found on Facebook.
Is Batc Foundation legitimate?
Batc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Batc Foundation 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: $25,129
Professional Fundraising Fees: $0
Other Salaries and Wages: $135,605
For more financial information, click here
Official website here: www.housingfirstmnfoundation.org
What is the mission statement of Batc Foundation?
The Batc Foundation, serving as the charitable arm of Housing First Minnesota, works in collaboration with local service providers and building professionals to provide safe, durable, and affordable housing for individuals experiencing homelessness, veterans, and others in need. Its mission is achieved by constructing new homes and rehabilitating existing housing facilities. The foundation has partnered with the Minnesota Assistance Council for Veterans (MACV) to fund four community build projects, resulting in the creation of supportive housing for approximately 40 veterans and their families annually. Each project includes an accessory dwelling unit, providing added housing flexibility. The Batc Foundation's contributions, along with funding and participation from build and trade partners, have significantly expanded housing capacity at a fraction of the cost.
Official website here: www.housingfirstmnfoundation.org
Who is the CEO of Batc Foundation?
Jessica Ryan is the President of Batc Foundation. The CEO's salary of Batc Foundation is $0 and their total compensation is $275,944.
Official website here: www.housingfirstmnfoundation.org
What is the revenue of Batc Foundation?
Batc Foundation's revenue in 2022 was $912,694.
Official website here: www.housingfirstmnfoundation.org
Who are the executives of Batc Foundation and what are their salaries?
There 35 volunteers at Batc Foundation.
Here are 21 key members and their salaries (Batc Foundation's CEO's salary is $0 and their total compensation is $275,944):
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- Other: $22,154
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- Related: $24,577
- Other: $550
Official website here: www.housingfirstmnfoundation.org
Where can I find the form 990 for Batc Foundation?
Batc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingfirstmnfoundation.org
Learn more at the official website: www.housingfirstmnfoundation.org
Mission Statement of Batc Foundation
Batc Foundation, the charitable arm of Housing First Minnesota, is committed to partnering with local service providers and utilizing the talents and resources of its member builders, remodelers, suppliers, and volunteers to provide safe, durable, and affordable housing for Minnesota's homeless individuals, veterans, and other individuals in need. The foundation's mission is to bridge the gap in housing for this vulnerable population by constructing new homes and renovating existing facilities.
Through its initiatives, Batc Foundation has demonstrated its dedication to this cause. One of their notable projects is the "Housing for Heroes" community build projects, in partnership with Lennar, which aimed to provide supportive housing for veterans and their families experiencing homelessness. Four new four-bedroom homes were built in North Minneapolis, providing housing for approximately 40 veterans annually. Each project included an accessory dwelling unit, providing added housing flexibility and maximizing the use of the lot. The Minnesota Assistance Council for Veterans (MACV) owns these properties and provides case management, employment, and legal services to help veterans regain confidence and self-sufficiency. This project significantly expanded housing capacity for a fraction of the cost, with the participation of build and trade partners and funding from Batc Foundation of $500,000.
In summary, Batc Foundation serves as a beacon of hope for Minnesota's most vulnerable populations, using its expertise in housing construction and partnerships to provide safe, durable, and affordable housing solutions. By working alongside local service providers and leveraging the talents of its member builders, remodelers, suppliers, and volunteers, Batc Foundation is making a tangible impact in the lives of those in need, helping them to rebuild their lives and regain their independence.
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Impact
July, 2024
Batc Foundation's impact can be seen through their community build projects that focus on providing housing for veterans experiencing homelessness. By partnering with local service providers and utilizing the talents and resources of building professionals, the foundation has funded the construction of four-bedroom homes in North Minneapolis, serving as supportive housing for veterans and their families. These projects have provided housing for approximately 40 veterans annually, with additional support services such as case management, employment assistance, and legal services to promote self-sufficiency. With the participation of build and trade partners, as well as funding from the foundation, these projects have significantly expanded housing capacity in the community at a fraction of the cost.
This information is meant to be a general summary of Batc Foundation. 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: $65,960
- Gross Receipts: $1,212,494
Assets and Liabilities:
- Total Assets: $1,819,306
- Total Liabilities: $573,554
- Net Assets: $1,245,752
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Organization Details
Founding Year
1995
Phone
(651) 697-1954Principal Officer
Jessica Ryan
Main Address
2960 CENTRE POINTE DRIVE, ROSEVILLE, MN, 55113
NTEE Category
Code: Z99 - Unknown
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