Overview
What is Baptist Housing Inc?
Baptist Housing Inc is a nonprofit organization that offers housing solutions for individuals who might otherwise struggle to afford suitable living arrangements. With a capacity to accommodate around 64 residents, the organization primarily focuses on providing adequate housing for handicapped and senior citizens. Its mission is centered around ensuring that these vulnerable groups have access to secure and affordable housing, thereby enhancing their quality of life. The organization does not provide specific details about additional resources or programs, but its primary focus remains on housing assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Baptist Housing Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The charity's overall score is derived entirely from its Accountability & Finance score of 82%, reflecting strong governance practices and financial health.
The organization demonstrates exemplary accountability, with a fully independent board and strong oversight of financial practices. Notably, it scored full points in areas such as board independence, financial statement review, and the absence of material diversion of assets, showcasing a robust structure and commitment to transparency.
One of the key strengths highlighted is the charity's program expense ratio of 100%, suggesting that all of its expenditures are directed towards its programs. However, while the rating is positive, potential donors should consider the broader impact and effectiveness of the programs offered by Baptist Housing Inc in addition to its financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Baptist Housing Inc legitimate?
Baptist Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist Housing 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: $100,927
For more financial information, click here
What is the mission statement of Baptist Housing Inc?
Baptist Housing Inc is committed to offering suitable living accommodations for approximately 64 individuals who might otherwise struggle to afford such housing. The organization specializes in providing housing solutions for handicapped and senior citizens, ensuring they have access to adequate living spaces. Baptist Housing Inc's mission is centered around making a positive impact in people's lives by providing affordable housing, thereby enhancing their overall quality of life. The organization's efforts contribute to fostering a sense of dignity and independence for the individuals it serves.
Who is the CEO of Baptist Housing Inc?
Steve Surmont is the Executive Director of Baptist Housing Inc.
What is the revenue of Baptist Housing Inc?
Baptist Housing Inc's revenue in 2022 was $646,251.
Who are the executives of Baptist Housing Inc and what are their salaries?
The average compensation at Baptist Housing Inc during 2022 was $20,185. There are 5 employees at Baptist Housing Inc.
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Where can I find the form 990 for Baptist Housing Inc?
Baptist Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Baptist Housing Inc
Baptist Housing Inc is a nonprofit organization dedicated to providing adequate housing for approximately 64 individuals who might otherwise struggle to afford such living arrangements. This housing is designed to cater to the needs of handicapped and senior citizens, ensuring they have a safe and comfortable living environment. By offering this essential service, Baptist Housing Inc plays a crucial role in enhancing the quality of life for those in need, providing them with the dignity and independence that comes with having a secure home.
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Impact
July, 2024
Baptist Housing Inc's impact is significant in providing adequate housing for approximately 64 individuals who are in need. This organization offers housing for handicapped and senior citizens in Corbin, Kentucky. By ensuring that these individuals have access to safe and affordable housing, Baptist Housing Inc is making a positive difference in the lives of those who may otherwise struggle to find suitable living arrangements. Through their dedicated mission, Baptist Housing Inc is addressing a critical need within the community and enhancing the quality of life for vulnerable populations.
This information is meant to be a general summary of Baptist Housing 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: $17
- Program Service Revenue: $646,234
- Gross Receipts: $646,251
Assets and Liabilities:
- Total Assets: $1,469,741
- Total Liabilities: $166,165
- Net Assets: $1,303,576
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$421,742
RENT REVENUE
Revenue
$228,754
OTHER REVENUE
Revenue
$11,180
VACANCIES
Revenue
-$15,442
Organization Details
Founding Year
1981
Phone
(606) 523-1171Principal Officer
Steve Surmont
Main Address
704 ENGINEER ST, CORBIN, KY, 40701
NTEE Category
Code: L22 - Housing
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