Overview
What is Byron House Inc?
Byron House Inc is a nonprofit organization situated in Rockville, Maryland, specifically at 11400 Rockville Pike Suite 505. Their primary mission is to provide assisted living facilities for elderly individuals who fall under the categories of low-income and moderate-income. Byron House Inc aims to cater to the frail elderly population, offering them a supportive living environment. The organization's activities are centered around this mission, providing essential care and assistance to support the well-being of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating 75% - Three-Star out of Four Star rating
Byron House Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The score reflects strong governance practices, including a fully independent board and comprehensive policies on conflict of interest and whistleblowing, which enhance the organization's transparency and reliability.
The organization excels in its financial management, evidenced by a program expense ratio of 91.65%, suggesting that a significant portion of its resources is dedicated to its programs rather than administrative costs. Additionally, there is no material diversion of assets, which further underscores the charity's financial integrity and focus on its mission.
However, the organization does have a liabilities to assets ratio of 55.45%, which may warrant attention as it indicates a moderate level of debt relative to its assets. While the charity demonstrates commendable accountability practices, potential donors may want to consider the financial health aspect when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Byron House Inc legitimate?
Byron House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Byron House 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 Byron House Inc?
Byron House Inc is dedicated to providing an assisted living residence for low- and moderate-income elderly individuals who are frail. The organization's mission is to offer a supportive environment for this vulnerable population, ensuring they receive the care they need. The residence aims to enhance the quality of life for its residents, providing them with the necessary assistance to live independently and with dignity. Byron House Inc also strives to make assisted living an affordable option for those who might not otherwise be able to access such services.
Who is the CEO of Byron House Inc?
Leila A Finucane is the Director of Byron House Inc. The CEO's salary of Byron House Inc is $0 and their total compensation is $410,053.
What is the revenue of Byron House Inc?
Byron House Inc's revenue in 2022 was $2,264,270.
Who are the executives of Byron House Inc and what are their salaries?
There 3 volunteers at Byron House Inc.
Here are 10 key members and their salaries (Byron House Inc's CEO's salary is $0 and their total compensation is $410,053):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $134,038
- Other: $16,157
- Compensation: $0
- Related: $244,362
- Other: $29,431
- Compensation: $0
- Related: $197,403
- Other: $35,776
- Compensation: $0
- Related: $364,094
- Other: $45,959
- Compensation: $0
- Related: $214,496
- Other: $38,157
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $149,665
- Other: $26,588
Where can I find the form 990 for Byron House Inc?
Byron House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Byron House Inc
Byron House Inc is committed to providing an assisted living residence for low- and moderate-income elderly persons. This nonprofit organization's mission is to cater to the needs of frail elderly individuals who require assistance with daily living activities. Byron House Inc strives to create a comfortable and supportive environment where these individuals can maintain their independence while receiving the necessary care and assistance. The organization's mission is to ensure that low-income elderly persons have access to high-quality assisted living services, thereby improving their overall quality of life. Byron House Inc serves as a vital resource for this vulnerable population, offering them a safe and nurturing environment where they can age with dignity and respect.
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Impact
July, 2024
Byron House Inc's impact is evident in providing assisted living residence for low- and moderate-income elderly persons in Rockville, Maryland. Their mission is centered around supporting frail elderly individuals who may not have access to adequate housing options. By offering affordable assisted living facilities, Byron House Inc plays a crucial role in improving the quality of life for this vulnerable demographic, ensuring they receive the care and support they need during their later years.
This information is meant to be a general summary of Byron House 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.
- Investment Income: $1,331
- Program Service Revenue: $2,067,101
- Gross Receipts: $2,264,270
Assets and Liabilities:
- Total Assets: $3,514,827
- Total Liabilities: $1,900,198
- Net Assets: $1,614,629
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REV-SENIOR HSG
Revenue
$2,063,070
OTHER REVENUE
Revenue
$4,031
Organization Details
Founding Year
1994
Phone
(301) 493-6000Principal Officer
Leila A Finucane
Main Address
11400 ROCKVILLE PIKE SUITE 505, ROCKVILLE, MD, 20852
NTEE Category
Code: L22 - Housing
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