Overview
What is Benning Park Neighborhood Corporation?
Benning Park Neighborhood Corporation is a nonprofit organization situated in Washington, D.C., specifically at 5113 Fitch Street SE T3. Their primary mission revolves around providing affordable housing for low and moderate-income families, adhering to Section 8 of the National Housing Act. They operate a 281-unit apartment complex within the city, with 276 units specifically designated for families falling under the very low and low-income brackets.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Benning Park Neighborhood Corporation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The score reflects a comprehensive evaluation based on the organization's commitment to maintaining a high standard of financial oversight, with an 80% Accountability & Finance score. This suggests that the organization effectively manages its resources, ensuring transparency and responsible financial practices.
One of the notable strengths of the Benning Park Neighborhood Corporation is its governance structure, which boasts a fully independent board of directors. This independence fosters objectivity in decision-making and enhances the organization's credibility. Furthermore, the organization has demonstrated exemplary financial practices, with no reported material diversion of assets and a low liabilities-to-assets ratio, highlighting its stability and effective use of funds.
While the overall rating is commendable, it is based solely on financial accountability metrics, leaving out qualitative measures such as program impact or community feedback. As such, while the organization shows strong management and financial practices, potential donors may want to explore additional aspects of its service effectiveness to gain a fuller understanding of its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Benning Park Neighborhood Corporation legitimate?
Benning Park Neighborhood Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benning Park Neighborhood Corporation 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: $505,597
For more financial information, click here
What is the mission statement of Benning Park Neighborhood Corporation?
Benning Park Neighborhood Corporation is dedicated to providing affordable housing solutions for low- and moderate-income families. This commitment is in line with Section 8 of the National Housing Act. The organization operates a 281-unit apartment complex, with 276 units specifically set aside for families with lower income levels. The primary goal of Benning Park Neighborhood Corporation is to ensure that these families have access to suitable housing options within their budgetary constraints.
Who is the CEO of Benning Park Neighborhood Corporation?
Ella Luke is the Board Member of Benning Park Neighborhood Corporation.
What is the revenue of Benning Park Neighborhood Corporation?
Benning Park Neighborhood Corporation's revenue in 2021 was $3,147,066.
Who are the executives of Benning Park Neighborhood Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Benning Park Neighborhood Corporation?
Benning Park Neighborhood Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Benning Park Neighborhood Corporation
Benning Park Neighborhood Corporation, a dedicated organization, is committed to providing affordable housing solutions for families with modest incomes. Operating under Section 8 of the National Housing Act, this nonprofit entity strives to make housing accessible to those who fall within the low and moderate income brackets. By doing so, Benning Park Neighborhood Corporation contributes significantly to ensuring that a diverse range of families can secure a stable living environment without being overburdened financially. Their mission is rooted in the belief that every individual deserves a decent place to call home, regardless of their income level. The organization's efforts in this regard contribute positively to the overall community and help promote social equality and stability.
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Impact
July, 2024
Benning Park Neighborhood Corporation's impact can be seen through its provision of affordable housing to low and moderate-income families in Washington, DC. The organization operates a 281-unit apartment complex, with 276 units specifically designated for very low and low-income families. By offering these affordable housing options under Section 8 of the National Housing Act, the corporation plays a crucial role in addressing the housing needs of vulnerable populations in the city.
This information is meant to be a general summary of Benning Park Neighborhood Corporation. 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 2021.
- Investment Income: $1,314
- Program Service Revenue: $1,373,940
- Gross Receipts: $3,147,066
Assets and Liabilities:
- Total Assets: $4,940,309
- Total Liabilities: $538,602
- Net Assets: $4,401,707
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAUNDRY & VENDING
Revenue
$13,200
OTHER INCOME
Revenue
$14,696
RENTAL INCOME
Revenue
$1,346,044
Organization Details
Founding Year
1995
Phone
(202) 582-2100Principal Officer
Ella Luke
Main Address
5113 FITCH STREET SE T3, WASHINGTON, DC, 20019
NTEE Category
Code: L200 - Housing
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