Overview
What is Building Futures Iii Inc?
Building Futures III Inc, located at 900 East Norfolk Ave, Norfolk, NE 68701, is a nonprofit organization committed to addressing the housing needs of individuals recovering from mental illness. Their primary mission is to provide affordable, safe, and decent housing opportunities for these individuals when required. The organization manages a complex and leases apartment units to qualified tenants, serving as a vital resource in their recovery process. Building Futures III Inc strives to contribute positively to the well-being of those recovering from mental illness by offering independent living units.
Official website here: www.libertycentre.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating.
Building Futures III Inc has received a solid rating of 89%, reflecting strong accountability and financial health within the organization. The score is based entirely on its financial practices, indicating a high level of transparency and governance. The charity boasts a fully independent board, with 100% of its members meeting independence criteria, which is a significant strength in ensuring that decisions are made without conflicts of interest.
The nonprofit has shown commendable financial management, with no material diversion of assets reported and a low liabilities to assets ratio of 2.00%. This suggests that the organization is operating efficiently and responsibly. Additionally, its commitment to maintaining proper documentation and policies, such as a conflict of interest policy and a whistleblower policy, enhances its credibility and protects its integrity.
However, while the charity's program expense ratio stands at 63.33%, which indicates it allocates a good portion of its budget to programs, there is still room for improvement in this area. This ratio could be enhanced to further demonstrate its effectiveness in delivering services relative to its total expenses. Overall, Building Futures III Inc appears to be a well-managed organization with strong governance practices but could benefit from a more significant focus on program expenditures.
This AI summary has been generated from information found on Charity Navigator.
Is Building Futures Iii Inc legitimate?
Building Futures Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building Futures Iii 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: $11,807
For more financial information, click here
Official website here: www.libertycentre.org
What is the mission statement of Building Futures Iii Inc?
Building Futures III Inc's mission is centered around assisting individuals recovering from mental illness. The organization strives to ensure that these individuals have access to affordable, safe, and decent housing options when needed. To accomplish this, Building Futures III Inc provides independent living apartment units and manages the complex, leasing them to qualified tenants. This allows individuals recovering from mental illness to secure a stable and suitable living environment during their recovery process.
Official website here: www.libertycentre.org
Who is the CEO of Building Futures Iii Inc?
Dr Kevin Piske is the President of Building Futures Iii Inc.
Official website here: www.libertycentre.org
What is the revenue of Building Futures Iii Inc?
Building Futures Iii Inc's revenue in 2023 was $53,733.
Official website here: www.libertycentre.org
Who are the executives of Building Futures Iii Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.libertycentre.org
Where can I find the form 990 for Building Futures Iii Inc?
Building Futures Iii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.libertycentre.org
Learn more at the official website: www.libertycentre.org
Mission Statement of Building Futures Iii Inc
Building Futures III Inc is committed to helping individuals who are recovering from mental illness meet their housing needs. The organization's mission, in simple terms, is to ensure that these individuals have access to affordable, safe, and decent housing options when required. By providing rent-independent living apartment units, Building Futures III Inc plays a crucial role in addressing the housing challenges faced by individuals recovering from mental illness. The organization manages the complex and leases units to qualified tenants, thereby contributing to their overall well-being and recovery process.
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Impact
August, 2024
Building Futures III Inc provides essential housing support to individuals recovering from mental illness in Norfolk, NE. By offering independent living apartment units specifically designed for those in need, the organization ensures that these individuals have access to affordable, safe, and decent housing opportunities. Through their mission of promoting recovery and stability, Building Futures III Inc plays a vital role in improving the lives of individuals affected by mental illness in the community.
This information is meant to be a general summary of Building Futures Iii 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: $420
- Program Service Revenue: $50,640
- Gross Receipts: $53,733
Assets and Liabilities:
- Total Assets: $539,761
- Total Liabilities: $10,888
- Net Assets: $528,873
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$50,640
Organization Details
Founding Year
2002
Phone
(402) 370-3503Principal Officer
Dr Kevin Piske
Main Address
900 EAST NORFOLK AVE, NORFOLK, NE, 68701
Website
www.libertycentre.orgNTEE Category
Code: P80 - Human services
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