Overview
What is Bread Of Life Community Development Corporation Of Louisiana?
Bread of Life Community Development Corporation of Louisiana is a charitable organization situated in Oakdale, Louisiana. Their primary mission is to enhance the well-being of the community by addressing the needs of families, focusing on affordable, safe, and decent housing, education and vocational training, healthcare, and transportation services within Louisiana. BOLCDCL is dedicated to fostering community growth and promoting opportunities for homeownership, enabling the creation of safe neighborhoods and a stronger community. With a small workforce of two individuals, they strive to provide essential support to their community.
Official website here: www.bolcdcl.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Stars)
Bread Of Life Community Development Corporation Of Louisiana has received a two-star rating from Charity Navigator, indicating that while the organization has some strengths, there are notable areas for improvement. The organization boasts a fully independent board, which is a positive aspect, as well as robust conflict of interest and whistleblower policies. Additionally, all board meeting minutes are documented, demonstrating a commitment to transparency.
However, the charity's accountability and finance scores reveal concerns. The organization has a liabilities to assets ratio of 64.14%, which suggests a significant level of debt relative to its assets. Furthermore, the program expense ratio is at 57.96%, indicating that less than 60% of its expenses are directed towards its programs, raising questions about the efficiency of its financial management.
While the organization shows dedication to governance and transparency, its financial ratios indicate potential risks that stakeholders may want to consider. Overall, this rating serves as a reminder for potential donors to conduct thorough research when evaluating the effectiveness and sustainability of nonprofits.
This AI summary has been generated from information found on Charity Navigator.
Is Bread Of Life Community Development Corporation Of Louisiana legitimate?
Bread Of Life Community Development Corporation Of Louisiana is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bread Of Life Community Development Corporation Of Louisiana 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: $87,150
For more financial information, click here
Official website here: www.bolcdcl.com
What is the mission statement of Bread Of Life Community Development Corporation Of Louisiana?
The Bread of Life Community Development Corporation of Louisiana is a charitable organization committed to supporting families' journey towards wholeness through various services and assistance. Its mission is to facilitate access to decent housing and opportunities for homeownership for all, achieved by constructing safe neighborhoods, strengthening communities, and creating more meaningful economic opportunities. To accomplish this, the organization provides educational materials, assistance, and resources for the development, operation, and maintenance of affordable, safe, sanitary, and decent housing. Additionally, they offer educational and vocational training, healthcare, and transportation services in Louisiana.
Official website here: www.bolcdcl.com
Who is the CEO of Bread Of Life Community Development Corporation Of Louisiana?
Stephanie Mckay is the Executive Director of Bread Of Life Community Development Corporation Of Louisiana.
Official website here: www.bolcdcl.com
What is the revenue of Bread Of Life Community Development Corporation Of Louisiana?
Bread Of Life Community Development Corporation Of Louisiana's revenue in 2022 was $144,833.
Official website here: www.bolcdcl.com
Who are the executives of Bread Of Life Community Development Corporation Of Louisiana and what are their salaries?
The average compensation at Bread Of Life Community Development Corporation Of Louisiana during 2022 was $43,575. There are 2 employees and 2 volunteers at Bread Of Life Community Development Corporation Of Louisiana.
Here are 8 key members and their salaries:
- Compensation: $60,000
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.bolcdcl.com
Where can I find the form 990 for Bread Of Life Community Development Corporation Of Louisiana?
Bread Of Life Community Development Corporation Of Louisiana's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bolcdcl.com
Learn more at the official website: www.bolcdcl.com
Mission Statement of Bread Of Life Community Development Corporation Of Louisiana
Bread of Life Community Development Corporation of Louisiana, a charitable organization, is dedicated to addressing the needs of families in their journey towards wholeness. Their mission is twofold: firstly, they aim to provide opportunities for individuals to gain access to decent housing and become homeowners. This is achieved through the construction of safe neighborhoods, fostering a stronger community, and creating more meaningful economic opportunities. Secondly, Bread of Life strives to offer assistance and educational materials related to the development, operation, and maintenance of affordable, safe, sanitary, and decent housing. Additionally, they provide services in education and vocational training, healthcare, and transportation, all within the state of Louisiana.
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Impact
October, 2024
Bread Of Life Community Development Corporation Of Louisiana significantly impacts the community by addressing critical needs for families, fostering a path to wholeness through comprehensive services and support. The organization focuses on ensuring access to affordable, safe, and sanitary housing, enabling families to secure decent living conditions.
Additionally, it provides educational and vocational training, which empowers individuals with the skills necessary to pursue better job opportunities. By facilitating health care access and transportation services, the organization addresses essential factors that contribute to overall well-being and quality of life.
Ultimately, its mission to build safe neighborhoods and create meaningful economic opportunities strengthens the community, promoting a healthier, more stable environment for all residents in Louisiana. The commitment to enhancing both individual lives and the broader community fosters sustainable development and progress, creating a ripple effect that benefits the entire region.
This information is meant to be a general summary of Bread Of Life Community Development Corporation Of Louisiana. 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
- Program Service Revenue: $16,308
- Gross Receipts: $144,833
Assets and Liabilities:
- Total Assets: $1,335,355
- Total Liabilities: $856,501
- Net Assets: $478,854
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$16,308
Organization Details
Founding Year
2015
Phone
(337) 853-1700Principal Officer
Stephanie Mckay
Main Address
PO BOX 284, OAKDALE, LA, 71463
Website
www.bolcdcl.comNTEE Category
Code: E70 - Health
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