Overview
What is Belford Commons Corporation?
Belford Commons Corporation is a nonprofit organization that specializes in providing low-income housing. Their mission is dedicated to offering housing solutions for individuals in financial need. While the provided information is limited, it suggests that Belford Commons Corporation may offer various resources and support to help eligible individuals secure suitable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Belford Commons Corporation has achieved a commendable Four-Star rating, reflecting a strong overall performance in accountability and finance. The charity's score is based entirely on its accountability and finance beacon, emphasizing its commitment to transparency and effective management of resources.
The organization stands out with a robust independent board, comprising 66% independent members, which demonstrates a well-structured governance framework. It has also implemented essential policies, such as conflict of interest and whistleblower policies, indicating a proactive approach to ethical governance. The financial metrics are impressive, with a program expense ratio of 100%, suggesting that all its resources are dedicated to its programmatic activities.
However, while the organization shows no material diversion of assets and maintains a healthy liabilities to assets ratio of 17.30%, it is essential for potential donors and stakeholders to continue monitoring such metrics to ensure ongoing accountability and effectiveness. Overall, Belford Commons Corporation is positioned as a reliable nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Belford Commons Corporation legitimate?
Belford Commons Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belford Commons 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: $33,333
For more financial information, click here
What is the mission statement of Belford Commons Corporation?
The Belford Commons Corporation is dedicated to providing low-income housing. Their mission, in essence, is to offer suitable living spaces for individuals who may not be able to afford regular housing prices. This organization strives to make a significant impact in the community by ensuring affordable housing is accessible to those in need. While the provided information does not detail specific activities or initiatives, it is clear that their focus lies in the realm of providing affordable housing solutions.
Who is the CEO of Belford Commons Corporation?
Janaka Casper is the CEO of Belford Commons Corporation The CEO's salary of Belford Commons Corporation is $0 and their total compensation is $853,572.
What is the revenue of Belford Commons Corporation?
Belford Commons Corporation's revenue in 2023 was $146,425.
Who are the executives of Belford Commons Corporation and what are their salaries?
Here are 12 key members and their salaries (Belford Commons Corporation's CEO's salary is $0 and their total compensation is $853,572):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $350,997
- Other: $38,072
- Compensation: $0
- Related: $792,494
- Other: $61,078
- Compensation: $0
- Related: $455,124
- Other: $57,714
- Compensation: $0
- Related: $277,201
- Other: $57,469
Where can I find the form 990 for Belford Commons Corporation?
Belford Commons Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Belford Commons Corporation
Belford Commons Corporation is committed to providing low-income housing as part of its mission. This organization strives to make a significant impact in the lives of individuals who may be financially disadvantaged, offering them a place to call home. By focusing on this essential need, Belford Commons Corporation contributes to fostering a sense of stability and security within its community. The organization's mission is not just about providing a roof over people's heads but also about contributing positively to their overall well-being.
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Impact
October, 2024
Belford Commons Corporation significantly impacts the community by providing low-income housing in Christiansburg, VA. This initiative addresses critical housing needs for vulnerable populations, ensuring access to affordable living spaces. By focusing on this sector, the organization helps alleviate housing insecurity, fostering stability for families and individuals who might otherwise struggle to find a safe and suitable place to live. Additionally, the presence of accessible housing can enhance community cohesion and contribute to the overall economic health of the area, as stable housing often leads to improved educational outcomes and employment opportunities.
This information is meant to be a general summary of Belford Commons 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: $92
- Program Service Revenue: $146,333
- Gross Receipts: $146,425
Assets and Liabilities:
- Total Assets: $512,846
- Total Liabilities: $88,749
- Net Assets: $424,097
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$146,333
Organization Details
Founding Year
1998
Principal Officer
Jeffrey Reed
NTEE Category
Code: L99Z - Housing
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