Overview
What is Beattyville Housing Development Corporation Inc?
Beattyville Housing Development Corporation Inc, based in Beattyville, Kentucky, is a nonprofit organization with a mission to assist low-income families by providing them with resources for rehousing and housing repairs. Their primary objective is to develop affordable housing in Lee County and its surrounding areas. The corporation employs a team of five individuals, working diligently to contribute to the housing needs of the community.
Official website here: www.cchousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Beattyville Housing Development Corporation Inc has received a commendable Four-Star rating from Charity Navigator, highlighting its strong performance in accountability and finance. The organization's score is entirely based on a singular beacon score, reflecting its solid financial practices and governance. With 100% of its board members being independent, the organization demonstrates a commitment to transparency and ethical oversight.
The financial metrics are impressive, with an 85.81% ratio of program expenses indicating that a substantial portion of its budget is directed towards its mission-related activities. Additionally, the organization has effectively managed its liabilities, maintaining a healthy ratio of 42.40%. This level of financial stewardship is reassuring for donors and stakeholders, suggesting that their contributions are making a direct impact in the community.
However, there is a noted limitation concerning the absence of a whistleblower policy, which could be a critical component of organizational governance. While other governance practices are strong, addressing this gap could further enhance the organization's commitment to accountability and transparency. Overall, Beattyville Housing Development Corporation Inc appears to be a responsible and effective nonprofit, with room for improvement in certain policy areas.
This AI summary has been generated from information found on Charity Navigator.
Is Beattyville Housing Development Corporation Inc legitimate?
Beattyville Housing Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beattyville Housing Development Corporation 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: $162,269
For more financial information, click here
Official website here: www.cchousing.org
What is the mission statement of Beattyville Housing Development Corporation Inc?
Beattyville Housing Development Corporation Inc is committed to developing affordable housing options in unspecified surrounding areas, beyond Lee County. Their primary objective is to assist low-income families by providing resources for rehousing and housing repairs, as well as assistance with rent. This non-profit organization aims to contribute to the community by making housing more accessible and affordable for those in need.
Official website here: www.cchousing.org
Who is the CEO of Beattyville Housing Development Corporation Inc?
Carole Kincaid is the President of Beattyville Housing Development Corporation Inc.
Official website here: www.cchousing.org
What is the revenue of Beattyville Housing Development Corporation Inc?
Beattyville Housing Development Corporation Inc's revenue in 2022 was $668,333.
Official website here: www.cchousing.org
Who are the executives of Beattyville Housing Development Corporation Inc and what are their salaries?
The average compensation at Beattyville Housing Development Corporation Inc during 2022 was $32,454. There are 5 employees at Beattyville Housing Development Corporation Inc.
Here are 6 key members and their salaries:
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Official website here: www.cchousing.org
Where can I find the form 990 for Beattyville Housing Development Corporation Inc?
Beattyville Housing Development Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cchousing.org
Learn more at the official website: www.cchousing.org
Mission Statement of Beattyville Housing Development Corporation Inc
Beattyville Housing Development Corporation Inc, a nonprofit organization, is committed to developing affordable housing solutions for low-income families in Lee County and its surrounding areas. This mission is at the heart of the corporation's activities, driving its efforts to provide housing assistance and repairs. By doing so, Beattyville Housing Development Corporation Inc aims to contribute positively to the well-being of these families, ensuring they have a decent place to call home.
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Impact
July, 2024
Beattyville Housing Development Corporation Inc's impact lies in its dedication to developing affordable housing in Lee and surrounding counties. By assisting low-income families with rehousing, housing repairs, and rent, this organization plays a crucial role in addressing housing challenges faced by vulnerable communities in Kentucky. Through its mission, Beattyville Housing Development Corporation Inc contributes to improving the living conditions and quality of life for individuals and families in need of stable and affordable housing options.
This information is meant to be a general summary of Beattyville Housing Development Corporation 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: -$164,460
- Gross Receipts: $668,333
Assets and Liabilities:
- Total Assets: $5,602,656
- Total Liabilities: $2,375,936
- Net Assets: $3,226,720
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Organization Details
Founding Year
1993
Principal Officer
Carole Kincaid
Main Address
65 EAST MAIN ST, BEATTYVILLE, KY, 41311
Website
www.cchousing.orgNTEE Category
Code: L25 - Housing
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