Overview
What is Bphc Northampton Development Corp Inc?
Bphc Northampton Development Corp Inc is a nonprofit organization based in Boston, Massachusetts, specifically at 1010 Massachusetts Avenue, with the primary mission of promoting civic betterment and social improvements. They strive to alleviate government burdens by providing and maintaining affordable low-income housing, primarily in the Boston area. Over the past seven years, they have rehabilitated and maintained 347 residential units, with 265 units being affordable for residents earning 60% or less of the area median income. They achieve this by entering into capital leases with two for-profit partnerships, using funds from lease payments and state low-income housing tax credits. The organization uses these funds to support programs for the homeless and other services, paying out a significant portion to the Boston Public Health Commission. Their work has been instrumental in improving living conditions for many low-income individuals in the Boston community.
Is Bphc Northampton Development Corp Inc legitimate?
Bphc Northampton Development Corp Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Bphc Northampton Development Corp 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: $0
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What is the mission statement of Bphc Northampton Development Corp Inc?
The mission of Bphc Northampton Development Corp Inc is centered around promoting social welfare and civic betterment. The organization strives to achieve this by facilitating social improvements, lessening the burden on government, and aiding in the provision of affordable housing for residents. Over the past seven years, they have successfully rehabilitated and maintained 347 residential units, with 265 units being affordable for individuals earning 60% or less of the area median income. Their efforts are primarily focused on the Northampton Square Campus in an unspecified location.
What is the revenue of Bphc Northampton Development Corp Inc?
Bphc Northampton Development Corp Inc's revenue in 2024 was $580,120.
Who are the executives of Bphc Northampton Development Corp Inc and what are their salaries?
There 3 volunteers at Bphc Northampton Development Corp Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bphc Northampton Development Corp Inc?
Bphc Northampton Development Corp Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Bphc Northampton Development Corp Inc
Bphc Northampton Development Corp Inc, a nonprofit organization, is dedicated to promoting civic betterment and social improvements. Its mission is to alleviate the burden on the government and provide affordable housing for residents, specifically those in the city of Boston who earn 60% or less of the area median income. Over the past seven years, Bphc Northampton Development Corp Inc has played an active role in rehabilitating and maintaining 347 residential units, with 265 of these units being affordable housing options for eligible residents. The organization operates on a campus known as Northampton Square Campus, contributing to the relief of the poor and distressed individuals in the community.
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Impact
October, 2024
Bphc Northampton Development Corp Inc significantly impacts the Boston community by providing affordable housing and promoting social improvements. Through the rehabilitation and maintenance of 347 residential units, with 265 of those designated as affordable for residents earning 60% or less of the area median income, the organization addresses a crucial need for low-income housing.
The initiative not only enhances the quality of living for vulnerable populations but also alleviates pressure on government resources by leveraging private partnerships and capital for development. The revenue generated through lease payments and accrued interest from state low-income housing tax credits directly funds programs essential for homeless support and other vital social services managed by the Boston Public Health Commission (BPHC).
Overall, Bphc Northampton Development Corp Inc plays a pivotal role in fostering civic betterment and social welfare, contributing to a stronger and more equitable community in Boston while effectively managing to lessen the burdens on government resources.
This information is meant to be a general summary of Bphc Northampton Development Corp 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 2024.
- Program Service Revenue: $580,120
- Gross Receipts: $580,120
Assets and Liabilities:
- Total Assets: $20,308,757
- Total Liabilities: $0
- Net Assets: $20,308,757
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAPITAL LEASE PAYMENTS
Revenue
$375,000
ACCRUED INTEREST ON LO
Revenue
$205,120
Organization Details
Founding Year
2013
Principal Officer
Timothy Harrington
NTEE Category
Code: L192 - Housing
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