Overview
What is Bristol Residential Development Corporation?
Bristol Residential Development Corporation is a nonprofit organization based in Gray, Tennessee. Their primary focus is on providing housing for individuals with mental illnesses, ensuring they live in a semi-independent environment. They manage an apartment project funded partly by the U.S. Department of Housing and Urban Development. Their operational expenditures include administrative costs, utilities, maintenance, taxes and insurance, and depreciation. Their primary source of revenue comes from rent, interest, laundry fees, and substantial contributions. The corporation's mission is to support the well-being and independence of mentally ill adults.
Official website here: www.frontierhealth.org
Is Bristol Residential Development Corporation legitimate?
Bristol Residential Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bristol Residential Development 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.
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Official website here: www.frontierhealth.org
What is the mission statement of Bristol Residential Development Corporation?
Bristol Residential Development Corporation is dedicated to providing housing solutions for chronically mentally ill adults. Their mission is to spearhead an apartment project that offers semi-independent living, with 11 units subsidized by the U.S. Department of Housing and Urban Development. This initiative aims to provide a supportive living environment for individuals dealing with mental illness, promoting their independence and overall well-being. The corporation's activities primarily focus on managing this housing project, covering expenses such as administration, utilities, maintenance, taxes, and insurance, while generating revenue primarily from rent, interest, contributions, and laundry fees.
Official website here: www.frontierhealth.org
Who is the CEO of Bristol Residential Development Corporation?
Kristie Hammonds is the Board Member of Bristol Residential Development Corporation.
Official website here: www.frontierhealth.org
What is the revenue of Bristol Residential Development Corporation?
Bristol Residential Development Corporation's revenue in 2023 was $286,847.
Official website here: www.frontierhealth.org
Who are the executives of Bristol Residential Development Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.frontierhealth.org
Where can I find the form 990 for Bristol Residential Development Corporation?
Bristol Residential Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.frontierhealth.org
Learn more at the official website: www.frontierhealth.org
Mission Statement of Bristol Residential Development Corporation
Bristol Residential Development Corporation, a nonprofit organization, is dedicated to providing housing solutions for chronically mentally ill adults. Their mission is centered around the development and management of semi-independent living apartments, which are subsidized by the United States Department of Housing and Urban Development. The corporation's primary objective is to offer a secure and supportive environment for these individuals, enabling them to live with a degree of independence while receiving necessary care and assistance. The project aims to enhance the quality of life for these adults, providing them with a sense of stability and community. The corporation's efforts are instrumental in addressing the unique needs of mentally ill adults, thereby contributing to their overall well-being and reintegration into society.
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Impact
October, 2024
Bristol Residential Development Corporation significantly impacts the community by addressing the housing needs of chronically mentally ill adults. Through its apartment project, it offers 11 units designed for semi-independent living, fostering a stable and supportive environment for residents. This initiative not only provides essential housing but also promotes greater independence and community integration for individuals facing mental health challenges. Subsidized by the US Department of Housing and Urban Development, the project alleviates some of the financial burdens associated with housing, enabling residents to focus on their recovery and well-being. Overall, Bristol Residential Development Corporation plays a crucial role in enhancing the quality of life for its residents and contributing to community improvement in Gray, TN.
This information is meant to be a general summary of Bristol Residential Development 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: $3
- Program Service Revenue: $47,806
- Gross Receipts: $286,847
Assets and Liabilities:
- Total Assets: $307,469
- Total Liabilities: $16,555
- Net Assets: $290,914
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Payments from Tenants
Revenue
$34,366
Tenant Assistance Payments
Revenue
$13,440
Organization Details
Founding Year
1992
Phone
(423) 467-3600Principal Officer
Kristie Hammonds
Main Address
PO Box 9054, Gray, TN, 376159054
Website
www.frontierhealth.orgNTEE Category
Code: S21Z - Community improvement
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