Overview
What is Brockwood Community Association Inc?
Brockwood Community Association Inc is a nonprofit organization situated in Matthews, North Carolina. With a focus on social welfare, they own and manage a 68-unit apartment complex situated in Greenville, South Carolina. This community is designed to cater to the housing needs of low-income families, offering them an affordable living solution. The association's mission is deeply rooted in this commitment, aiming to deliver affordable housing to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
The Brockwood Community Association Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 67%. The rating indicates that while the organization demonstrates strong accountability and financial practices, there are areas that may raise concerns, particularly regarding its financial liabilities.
The organization boasts a fully independent board and a high level of transparency, as evidenced by its complete adherence to documenting board meeting minutes and excellent performance in financial audits. Additionally, the program expense ratio is impressive, with 95.32% of expenses directed toward its programs, which suggests effective use of funds.
However, the significant liabilities to assets ratio of 252.29% is a notable limitation, indicating potential financial challenges that could impact future operations. While the organization shows strong governance and program funding, stakeholders may want to consider the implications of its financial structure when assessing overall stability.
This AI summary has been generated from information found on Charity Navigator.
Is Brockwood Community Association Inc legitimate?
Brockwood Community Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brockwood Community Association 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
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What is the mission statement of Brockwood Community Association Inc?
The Brockwood Community Association Inc is dedicated to providing affordable housing for low-income families. They accomplish this by owning and operating a 68-unit apartment community. This organization's mission is to make a substantial impact on families in need, ensuring they have a suitable place to call home. By doing so, they contribute to the overall well-being and stability of these families. The apartment community, located somewhere, serves as a vital resource for those who may not otherwise have access to affordable housing.
Who is the CEO of Brockwood Community Association Inc?
Mary Duckett is the Secretary of Brockwood Community Association Inc.
What is the revenue of Brockwood Community Association Inc?
Brockwood Community Association Inc's revenue in 2022 was $607,143.
Who are the executives of Brockwood Community Association Inc and what are their salaries?
There 9 volunteers at Brockwood Community Association Inc.
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Where can I find the form 990 for Brockwood Community Association Inc?
Brockwood Community Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brockwood Community Association Inc
Brockwood Community Association Inc is committed to a noble mission. This nonprofit organization aims to own and operate a 68-unit apartment community, providing an essential service for low-income families. By operating this affordable housing complex, Brockwood Community Association Inc seeks to make a significant impact on the lives of those who may otherwise struggle to secure suitable housing. The organization's mission is to offer a secure living environment, ensuring that low-income families can maintain a stable home, which is a fundamental foundation for their well-being and progress.
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Impact
July, 2024
Brockwood Community Association Inc's impact lies in providing a crucial service to low-income families by owning and operating a 68-unit apartment community in Greenville, South Carolina. Their mission to offer affordable housing addresses a pressing need in the community, offering stability and support to those who may struggle to find suitable accommodation elsewhere. This organization plays a vital role in fostering a sense of community and security for its residents, ultimately contributing to the overall well-being of the area.
This information is meant to be a general summary of Brockwood Community Association 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: $376
- Program Service Revenue: $193,322
- Gross Receipts: $607,143
Assets and Liabilities:
- Total Assets: $858,569
- Total Liabilities: $2,166,099
- Net Assets: -$1,307,530
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$192,514
TENANT CHARGES
Revenue
$808
Organization Details
Founding Year
1984
Phone
(704) 882-5415Principal Officer
Mary Duckett
Main Address
300 EAST JOHN STREET 138, MATTHEWS, NC, 28105
NTEE Category
Code: L21Z - Housing
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