Overview
What is Baptist Retirement Village Inc?
Baptist Retirement Village Inc is a nonprofit organization located in Birmingham, Alabama, dedicated to serving the elderly community. They offer 55 one-bedroom housing units that cater to low-income seniors, adhering to the guidelines set by Section 202 of the National Housing Act, as amended and regulated by HUD. The organization's purpose is to provide a supportive living environment, complete with convenient laundry facilities, for its elderly residents. The mission of Baptist Retirement Village Inc is to offer affordable and comfortable housing solutions for the elderly, enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Baptist Retirement Village Inc has received a One-Star out of Four Star rating from Charity Navigator, reflecting significant concerns regarding its Accountability & Finance practices. The organization scored 58% overall, with its score predominantly influenced by a lack of necessary policies and transparency measures. Although it excels in areas such as program expense ratio, demonstrating effective use of funds, several critical governance documents are missing or not publicly available.
Strengths of the organization include a high program expense ratio of 91.03%, indicating that a large majority of its funds go directly to its programs. Additionally, it has achieved perfect scores for having an entirely independent board and for documenting board meeting minutes. These factors suggest a commitment to governance and operational integrity.
However, the nonprofit faces notable limitations, including a concerning liabilities to assets ratio of 180.53%, which raises red flags about its financial health. Furthermore, the absence of policies related to conflict of interest, whistleblowers, and document retention further diminishes its accountability. These factors collectively warrant caution for potential donors and stakeholders considering engagement with Baptist Retirement Village Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Baptist Retirement Village Inc legitimate?
Baptist Retirement Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baptist Retirement Village 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
For more financial information, click here
What is the mission statement of Baptist Retirement Village Inc?
Baptist Retirement Village Inc's mission is centered around providing affordable housing for the elderly. Specifically, they offer 55 one-bedroom units under Section 202 of the National Housing Act, as overseen by HUD. This organization is committed to serving seniors, providing them with the convenience of on-site laundry facilities. Their main objective is to make low-income housing accessible for the elderly community.
Who is the CEO of Baptist Retirement Village Inc?
Mark Thrift is the Director of Baptist Retirement Village Inc.
What is the revenue of Baptist Retirement Village Inc?
Baptist Retirement Village Inc's revenue in 2023 was $456,957.
Who are the executives of Baptist Retirement Village Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Baptist Retirement Village Inc?
Baptist Retirement Village Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Baptist Retirement Village Inc
Baptist Retirement Village Inc is dedicated to offering affordable housing solutions for the elderly community. With a focus on low-income individuals, the organization provides 55 one-bedroom units, catering to the needs of senior citizens. Located under section 202 of the National Housing Act, as amended and regulated by HUD, Baptist Retirement Village is committed to making a positive impact in the lives of its elderly residents. The village goes above and beyond by offering convenient laundry facilities to its tenants, demonstrating a genuine concern for their comfort and well-being. By providing low-income housing options for seniors, Baptist Retirement Village contributes to fostering a supportive community where elderly individuals can live with dignity and independence.
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Impact
July, 2024
Baptist Retirement Village Inc's impact is evident in the provision of essential low-income housing for the elderly in Birmingham, AL. By offering 55 one-bedroom units under Section 202 of the National Housing Act, regulated by HUD, the organization addresses a critical need for affordable senior housing in the area. This initiative not only provides a safe and comfortable living environment for the elderly but also contributes to their overall well-being and quality of life. The laundry facilities offered as a convenience further enhance the residents' living conditions. Through this mission-driven approach, Baptist Retirement Village Inc positively impacts the lives of low-income seniors in the community, ensuring they have access to suitable housing options that support their dignity and independence.
This information is meant to be a general summary of Baptist Retirement Village 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 2023.
- Investment Income: $280
- Program Service Revenue: $456,677
- Gross Receipts: $456,957
Assets and Liabilities:
- Total Assets: $1,298,938
- Total Liabilities: $2,345,080
- Net Assets: -$1,046,142
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$208,340
MISC CHARGES
Revenue
$5,574
TENANT CHARGES
Revenue
$3,443
LAUNDRY & VENDING
Revenue
$1,862
Organization Details
Founding Year
1993
Phone
(205) 933-1020Principal Officer
Mark Thrift
Main Address
1103 RICHARD ARRINGTON JR BLVD S, BIRMINGHAM, AL, 35205
NTEE Category
Code: L22Z - Housing
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