Overview
What is Brethren Housing Corporation?
Brethren Housing Corporation, operating under the name Prosperity House, is a nonprofit organization situated in Manassas, Virginia. Their primary mission lies in providing housing assistance to low-income individuals and families. They accomplish this by offering housing units as a means of support. The corporation's activities and mission are centered around this goal, aimed at enhancing the living conditions of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Brethren Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of effectiveness in accountability and finance, with a focus on financial transparency. The score is derived entirely from the Accountability & Finance beacon, which highlights the organization’s commitment to maintaining a sound financial structure.
The charity shows strong performance in several areas, such as having a fully independent board of directors, with 14 members, and no reported material diversion of assets. Its liabilities to assets ratio stands at 0.00%, indicating a solid financial footing. Furthermore, an impressive program expense ratio of 96.10% suggests that the majority of its expenses are directed towards its programs rather than administrative costs.
However, the overall score of 73% suggests there may be areas for improvement, particularly in enhancing other aspects of the organization that contribute to a more comprehensive assessment of its performance. While the financial metrics are favorable, prospective donors and supporters may want to consider these ratings in conjunction with other qualitative factors about the charity's programs and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Brethren Housing Corporation legitimate?
Brethren Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brethren Housing 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: $0
For more financial information, click here
What is the mission statement of Brethren Housing Corporation?
The Brethren Housing Corporation is committed to assisting low-income individuals and families by providing them with housing units. This mission is carried out through the provision of housing units, aiming to make a significant impact in their lives. The corporation's activities are centered around this mission, striving to ensure that those in need have access to adequate housing. By providing housing units, the Brethren Housing Corporation aims to contribute to the well-being and stability of these families and individuals, providing them with a secure place to call home. The corporation's work is dedicated to making a difference in the lives of those who need it most, by addressing the critical need for housing for low-income individuals and families.
What is the revenue of Brethren Housing Corporation?
Brethren Housing Corporation's revenue in 2023 was $99,880.
Who are the executives of Brethren Housing Corporation and what are their salaries?
There 12 volunteers at Brethren Housing Corporation.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Brethren Housing Corporation?
Brethren Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Brethren Housing Corporation
Brethren Housing Corporation is dedicated to extending a helping hand to individuals and families who fall within the low-income bracket. Their mission is centered around providing essential housing assistance. By offering housing units, this nonprofit organization seeks to alleviate the housing-related struggles faced by many individuals and families. Their objective is to ensure that everyone has access to a decent and secure living space, thereby contributing to a more equitable society.
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Impact
October, 2024
Brethren Housing Corporation plays a significant role in addressing the housing needs of low-income individuals and families in Manassas, VA. By providing essential housing assistance, they ensure that vulnerable populations have access to safe and stable living environments. This support not only improves the quality of life for residents but also fosters a sense of community and belonging. The impact of their services extends beyond housing; by alleviating housing instability, they empower individuals and families to pursue education, employment opportunities, and healthier lifestyles, thereby contributing to the overall well-being of the community.
This information is meant to be a general summary of Brethren Housing 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 2023.
- Investment Income: $2
- Program Service Revenue: $48,310
- Gross Receipts: $99,880
Assets and Liabilities:
- Total Assets: $2,106,599
- Total Liabilities: $0
- Net Assets: $2,106,599
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent
Revenue
$48,310
Organization Details
Founding Year
1986
Principal Officer
Ron Campbell
NTEE Category
Code: L20Z - Housing
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