Overview
What is New Bridge Homes Inc?
New Bridge Homes Inc serves as a title-holding nonprofit organization, specifically for Macomb Residential Opportunities Inc. Their primary role involves managing financial aspects, such as rental income and expenses, as well as the depreciation of buildings. This organization plays a crucial role in maintaining the financial well-being of Macomb Residential Opportunities Inc. by overseeing its financial obligations.
Is New Bridge Homes Inc legitimate?
New Bridge Homes Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. New Bridge Homes 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: $0
For more financial information, click here
What is the mission statement of New Bridge Homes Inc?
New Bridge Homes Inc., serving as a non-profit title holding company, primarily focuses on managing the operations of Macomb Residential Opportunities Inc. Their mission, in essence, revolves around overseeing the financial aspects of this entity, including managing rental income, expenses, and handling building depreciation. While this organization does not directly provide services or support to individuals, its role is crucial in maintaining the financial stability of Macomb Residential Opportunities Inc., thereby facilitating its operations.
Who is the CEO of New Bridge Homes Inc?
Ted Devantier is the Secretary of New Bridge Homes Inc.
What is the revenue of New Bridge Homes Inc?
New Bridge Homes Inc's revenue in 2022 was $73,150.
Who are the executives of New Bridge Homes Inc and what are their salaries?
There 2 volunteers at New Bridge Homes Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $142,112
- Other: $1,406
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New Bridge Homes Inc?
New Bridge Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Bridge Homes Inc
New Bridge Homes, as a non-profit title holding company, holds the title for Macomb Residential Opportunities Inc. In this role, the organization manages the rental income and expenses, ensuring the smooth operation of the property. Additionally, New Bridge Homes is responsible for tracking the depreciation of the building, which is a crucial aspect of property management. While the primary focus of New Bridge Homes is on its title-holding responsibilities, its mission is inherently tied to providing a stable and well-maintained living environment for those residing in the properties under its management. By effectively managing the finances and upkeep of the properties, New Bridge Homes contributes to the overall well-being of its residents, making it a vital entity in the realm of property management and community living.
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Impact
October, 2024
New Bridge Homes Inc plays a crucial role in the community by managing residential opportunities and ensuring the sustainability of housing initiatives. By holding the title for Macomb Residential Opportunities Inc., it facilitates effective oversight of rental income and expenses, which in turn contributes to the overall stability of housing resources in the area. The organization also addresses building depreciation, ensuring that properties are well-maintained and continue to provide safe and affordable housing for residents. Located in Mount Clemens, MI, New Bridge Homes Inc is dedicated to community improvement, fostering a positive living environment, and enhancing the quality of life for individuals and families in the region.
This information is meant to be a general summary of New Bridge Homes 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 2022.
- Program Service Revenue: $73,150
- Gross Receipts: $73,150
Assets and Liabilities:
- Total Assets: $444,814
- Total Liabilities: $429,145
- Net Assets: $15,669
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$73,150
Organization Details
Founding Year
2013
Phone
(586) 469-4480Principal Officer
Ted Devantier
Main Address
14 BELLEVIEW SUITE 102, MOUNT CLEMENS, MI, 48043
NTEE Category
Code: S47 - Community improvement
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