Overview
What is Community Homes Of Bismarck Inc?
Community Homes of Bismarck Inc, located at 410 S 2ND ST, Bismarck, ND 58504, is a nonprofit organization dedicated to providing affordable housing options or rental assistance payments for individuals with low to moderate income levels. Through their Section 236 Program and Section 8 Housing Choice Voucher Program, they aim to make housing more accessible for qualified tenants. With a mission to enhance living conditions for those in need, Community Homes of Bismarck Inc plays a significant role in promoting affordable housing within their community. The organization currently employs a small team of 2 individuals.
Official website here: www.burleighcountyhousing.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Stars
Community Homes of Bismarck Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 77%. This rating is derived solely from the charity's Accountability & Finance metrics, indicating a strong emphasis on financial stewardship. The most recent evaluation highlights that the organization adheres to a high standard of accountability, with a majority of independent board members and effective financial oversight practices.
The organization's strengths include an impressive program expense ratio of 86.50%, indicating a significant portion of its resources is directed toward its mission. Additionally, it has scored perfectly on various accountability aspects, such as conflict of interest policies and financial statement oversight. However, the absence of a whistleblower policy is noted as a limitation, which may affect the perception of its governance practices.
Despite these minor shortcomings, the charity demonstrates a commitment to transparency and accountability. Its sound financial practices and independent governance structure contribute positively to its overall effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Homes Of Bismarck Inc legitimate?
Community Homes Of Bismarck Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Homes Of Bismarck 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: $18,525
Professional Fundraising Fees: $0
Other Salaries and Wages: $110,374
For more financial information, click here
Official website here: www.burleighcountyhousing.com
What is the mission statement of Community Homes Of Bismarck Inc?
Community Homes of Bismarck Inc's mission is centered around providing affordable housing solutions. They strive to accommodate individuals with low and moderate income levels by either offering affordable housing units or providing rental assistance payments. Under the Section 236 program, they offer affordable housing to qualified tenants with low to moderate income. Additionally, through the Section 8 Housing Choice Voucher Program, they offer rental assistance payments on behalf of qualified low-income tenants. By doing so, Community Homes of Bismarck Inc aims to contribute to a more equitable housing landscape.
Official website here: www.burleighcountyhousing.com
What is the revenue of Community Homes Of Bismarck Inc?
Community Homes Of Bismarck Inc's revenue in 2023 was $761,488.
Official website here: www.burleighcountyhousing.com
Who are the executives of Community Homes Of Bismarck Inc and what are their salaries?
The average compensation at Community Homes Of Bismarck Inc during 2023 was $64,450. There are 2 employees and 3 volunteers at Community Homes Of Bismarck Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $110,969
- Other: $32,621
- Compensation: $0
- Related: $79,859
- Other: $20,158
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $3,575
- Related: $0
- Other: $0
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $3,250
- Related: $0
- Other: $0
Official website here: www.burleighcountyhousing.com
Where can I find the form 990 for Community Homes Of Bismarck Inc?
Community Homes Of Bismarck Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.burleighcountyhousing.com
Learn more at the official website: www.burleighcountyhousing.com
Mission Statement of Community Homes Of Bismarck Inc
Community Homes of Bismarck Inc is dedicated to providing affordable housing solutions for individuals with low and moderate income levels. At the heart of its mission, this organization strives to offer affordable housing options to qualified tenants. To achieve this, Community Homes of Bismarck Inc participates in two key programs: Section 236 and the Section 8 Housing Choice Voucher Program.
Through the Section 236 program, Community Homes of Bismarck Inc provides affordable housing under Section 236 to qualified tenants with low to moderate income levels. This program ensures that these individuals can secure safe, comfortable living spaces at affordable prices.
On the other hand, the Section 8 Housing Choice Voucher Program enables Community Homes of Bismarck Inc to provide rental assistance payments on behalf of qualified low-income tenants. By offering rental assistance, this program helps eligible tenants meet their housing expenses and maintain financial stability.
In summary, Community Homes of Bismarck Inc is a nonprofit organization that is committed to providing affordable housing solutions for individuals with low and moderate income levels. Through its participation in the Section 236 and Section 8 Housing Choice Voucher Programs, the organization offers affordable housing options and rental assistance payments to qualified tenants, thereby ensuring that they can secure safe and comfortable living arrangements while managing their financial resources effectively.
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Impact
July, 2024
Community Homes Of Bismarck Inc's impact lies in providing affordable housing and rental assistance to qualified individuals with low and moderate income levels in Bismarck, ND. Through programs like the Section 236 Program and the Section 8 Housing Choice Voucher Program, the organization helps ensure that individuals and families have access to safe and stable housing. By fulfilling their mission of providing affordable housing to qualified low and moderate income tenants, Community Homes Of Bismarck Inc plays a crucial role in addressing housing insecurity and promoting economic stability within the community.
This information is meant to be a general summary of Community Homes Of Bismarck 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 2023.
- Investment Income: $20,351
- Program Service Revenue: $706,625
- Gross Receipts: $761,488
Assets and Liabilities:
- Total Assets: $7,122,179
- Total Liabilities: $4,935,736
- Net Assets: $2,186,443
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$700,775
SERVICE INCOME
Revenue
$5,850
Organization Details
Founding Year
1971
Principal Officer
Nicole Schurhamer
NTEE Category
Code: Z99 - Unknown
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