Overview
What is Bethel Housing Community Development Inc?
Bethel Housing Community Development Inc is a Georgia-based nonprofit organization, established with the purpose of constructing, owning, and operating a 98-unit apartment complex named Bethel Housing Complex in Albany, Georgia. This was achieved in accordance with Section 236 of the National Housing Act. The organization has a regulatory agreement with the HUD, which governs the project's operation in collaboration with the Federal Housing Administration section of HUD. Furthermore, Bethel Housing Community Development Inc has entered into a Housing Assistance Payment Contract with HUD, ensuring the provision of necessary financial support. The nonprofit's primary aim is to offer affordable housing solutions for its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Bethel Housing Community Development Inc. has received a Two-Star rating from Charity Navigator, indicating some concerns in its accountability and financial practices. The organization shines in areas such as having 100% independent board members and a high program expense ratio of 89.11%, demonstrating a strong commitment to its mission and effective use of donations.
However, there are significant limitations that affect its overall score. The organization has a high liabilities to assets ratio of 114.91%, which raises concerns about financial stability. Additionally, key governance policies such as a conflict of interest policy, whistleblower policy, and proper document retention procedures are missing, which can affect transparency and accountability.
Overall, while Bethel Housing Community Development shows strengths in its leadership and program spending, improvements in financial management and policy documentation are essential for enhancing its rating and building donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Bethel Housing Community Development Inc legitimate?
Bethel Housing Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethel Housing Community Development 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: $141,530
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What is the mission statement of Bethel Housing Community Development Inc?
Bethel Housing Community Development Inc, a Georgia-based not-for-profit corporation, was established with the mission to construct, own, and manage a 98-unit apartment complex in Albany, Georgia, as per Section 236 of the National Housing Act. The corporation operates under a regulatory agreement with the HUD, ensuring compliance with the Federal Housing Administration Section of HUD. Additionally, Bethel Housing Community Development Inc has entered into a Housing Assistance Payment contract with HUD, demonstrating its commitment to providing affordable housing solutions. The organization's primary objective is to provide suitable housing for individuals or families in need, ensuring compliance with the regulations set by HUD.
Who is the CEO of Bethel Housing Community Development Inc?
Rev Dr Kevin T Moore is the President, Board Chairman of Bethel Housing Community Development Inc.
What is the revenue of Bethel Housing Community Development Inc?
Bethel Housing Community Development Inc's revenue in 2022 was $899,607.
Who are the executives of Bethel Housing Community Development Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Bethel Housing Community Development Inc?
Bethel Housing Community Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bethel Housing Community Development Inc
Bethel Housing Community Development Inc, a Georgia-based not-for-profit corporation, was established with a mission to construct, own, and operate a 98-unit apartment complex in Albany, Georgia, known as Bethel Housing Complex. This endeavor was in line with Section 236 of the National Housing Act, aiming to provide affordable housing solutions. The corporation signed a regulatory agreement with the HUD, ensuring compliance with federal housing administration guidelines. Furthermore, Bethel Housing Community Development Inc entered into a Housing Assistance Payment Contract with HUD, securing financial support for the operation of the project. In essence, the organization's mission is centered around providing affordable housing solutions to its community, adhering to federal regulations, and securing necessary financial support to sustain its operations.
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Impact
July, 2024
Bethel Housing Community Development Inc's impact is focused on providing stable and affordable housing options for individuals and families in Albany, Georgia. Through the construction, ownership, and operation of the 98-unit Bethel Housing Complex, this organization plays a crucial role in addressing the housing needs of the community. By executing a regulatory agreement with HUD and entering into a housing assistance payment contract, Bethel Housing Community Development Inc ensures that residents have access to quality housing that meets regulatory standards. This commitment to providing affordable housing contributes significantly to improving the overall well-being and stability of individuals and families in Albany.
This information is meant to be a general summary of Bethel Housing Community Development 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: $213
- Program Service Revenue: $899,394
- Gross Receipts: $899,607
Assets and Liabilities:
- Total Assets: $3,418,719
- Total Liabilities: $3,928,656
- Net Assets: -$509,937
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$899,260
LAUNDRY & VENDING INCO
Revenue
$134
Organization Details
Founding Year
1974
Phone
(770) 952-2233Principal Officer
Rev Dr Kevin T Moore
Main Address
507 SWIFT STREET, ALBANY, GA, 31705
NTEE Category
Code: L21 - Housing
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