Overview
What is Brad Group Home Inc?
Brad Group Home Inc is a nonprofit organization situated in Pocahontas, Arkansas. Their primary focus is on the operation of an apartment complex consisting of 10 units, which they built under Section 202 of the National Housing Act. This project is regulated by the Department of Housing and Urban Development, ensuring adherence to specific rent charges and operating methods. The organization's activities primarily involve expenditures related to project operations and corporate purposes, which are categorized as program expenses. This housing project aims to provide suitable living spaces and potentially plays a role in the local community's housing needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star rating)
Brad Group Home Inc has received a Two-Star rating from Charity Navigator, indicating that there are some areas of concern regarding its accountability and finance practices. The rating is based entirely on its accountability and finance score, which stands at 66%. This score reflects certain strengths in governance practices but also highlights significant weaknesses in board independence and transparency.
One notable strength is the organization’s successful implementation of several key policies, including those for conflict of interest, whistleblower protection, and document retention. Additionally, the material diversion of assets has been rated positively. However, the charity lacks an independent board, which is crucial for ensuring governance quality and accountability. The absence of board members independent of the organization raises concerns about the effectiveness of oversight.
Another area for improvement is the charity's transparency, as it has not posted its tax form on its website, which limits public access to its financial information. The liabilities to assets ratio is relatively healthy at 47.93%, and the program expense ratio of 63.54% suggests that a significant portion of resources is being utilized for program-related activities. Nonetheless, the overall performance indicates that Brad Group Home Inc has room to enhance its governance framework to better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Brad Group Home Inc legitimate?
Brad Group Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brad Group Home 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: $5,353
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,692
For more financial information, click here
What is the mission statement of Brad Group Home Inc?
Brad Group Home Inc was established with the purpose of constructing and managing an apartment complex consisting of 10 units. This project operates under Section 202 of the National Housing Act and is regulated by the Department of Housing and Urban Development, ensuring appropriate rent charges and operating methods. The organization's activities primarily focus on the operation of this apartment complex, with both project-related expenses and corporate expenditures considered as program expenses. The mission of Brad Group Home Inc, in essence, is to provide housing solutions within the regulatory framework set by the National Housing Act.
Who is the CEO of Brad Group Home Inc?
Fred Martin is the President of Brad Group Home Inc.
What is the revenue of Brad Group Home Inc?
Brad Group Home Inc's revenue in 2022 was $72,607.
Who are the executives of Brad Group Home Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $104,555
- Other: $0
- Compensation: $0
- Related: $53,527
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Brad Group Home Inc?
Brad Group Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brad Group Home Inc
Brad Group Home Inc was established with a mission to construct and operate an apartment complex consisting of ten units. This project is regulated by the Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act, which sets guidelines for rent charges and operating methods. The organization's primary focus is on providing affordable housing, as its operations and corporate expenses are considered program expenses. By overseeing the construction and management of this apartment complex, Brad Group Home Inc aims to contribute to the housing needs of individuals in need, adhering to the regulations set by HUD.
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Impact
August, 2024
Brad Group Home Inc's impact can be seen in the provision of affordable housing for individuals in need in Pocahontas, Arkansas. The organization's apartment complex, consisting of 10 units, serves as a vital resource for those who require assistance with housing. By operating under Section 202 of the National Housing Act and adhering to regulations set by the Department of Housing and Urban Development, Brad Group Home Inc plays a crucial role in addressing housing insecurity in the community. This initiative contributes to improving the quality of life for residents by ensuring they have a safe and stable place to call home.
This information is meant to be a general summary of Brad Group Home 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: $545
- Program Service Revenue: $30,105
- Gross Receipts: $72,607
Assets and Liabilities:
- Total Assets: $212,731
- Total Liabilities: $119,718
- Net Assets: $93,013
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$30,105
Organization Details
Founding Year
1987
Phone
(870) 892-4547Principal Officer
Fred Martin
Main Address
1403 HOSPITAL DRIVE, POCAHONTAS, AR, 72455
NTEE Category
Code: P73 - Human services
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