Overview
What is Brazos Valley Affordable Housing Corporation?
Brazos Valley Affordable Housing Corporation is a dedicated nonprofit organization situated in Bryan, Texas. Their primary mission is to enhance the affordability of safe and decent housing for the low-income population in the Brazos Valley region. They achieve this by providing essential services and products, aiming to maximize housing affordability. The corporation also fosters partnerships with various entities, including non-profits, for-profits, and governmental bodies, to promote community development, economic growth, and overall improvement in living standards for the entire community they serve.
Official website here: www.bvahc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The Brazos Valley Affordable Housing Corporation has received a rating of 77%, which reflects a moderate level of accountability and financial health. This rating is based entirely on its Accountability & Finance score, indicating that the organization performs well in these areas but may have opportunities for improvement in other aspects.
One of the strengths of the corporation is its governance, featuring a fully independent board, which demonstrates a commitment to transparency and ethical management. The organization also has no material diversion of assets and maintains a healthy liabilities to assets ratio of 42.09%. Additionally, it has a high program expense ratio of 74.48%, suggesting that a significant portion of its resources is directed toward its mission.
However, there are noted limitations, particularly the absence of a whistleblower policy, which could be a concern regarding organizational integrity and employee protection. Overall, while the Brazos Valley Affordable Housing Corporation shows promise in its financial and operational practices, addressing this gap could enhance its overall governance profile.
This AI summary has been generated from information found on Charity Navigator.
Is Brazos Valley Affordable Housing Corporation legitimate?
Brazos Valley Affordable Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brazos Valley Affordable Housing 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $37,307
Professional Fundraising Fees: $0
Other Salaries and Wages: $127,838
For more financial information, click here
Official website here: www.bvahc.org
What is the mission statement of Brazos Valley Affordable Housing Corporation?
The Brazos Valley Affordable Housing Corporation's mission is to deliver high-quality housing services and products to its community, prioritizing affordability for low-income residents. The corporation aims to maximize the availability of safe and decent housing and acts as a facilitator, forming partnerships with various entities to promote community development, economic growth, and an overall improvement in living standards for the community members it serves.
Official website here: www.bvahc.org
What is the revenue of Brazos Valley Affordable Housing Corporation?
Brazos Valley Affordable Housing Corporation's revenue in 2024 was $844,263.
Official website here: www.bvahc.org
Who are the executives of Brazos Valley Affordable Housing Corporation and what are their salaries?
The average compensation at Brazos Valley Affordable Housing Corporation during 2024 was $23,592. There are 7 employees and 6 volunteers at Brazos Valley Affordable Housing Corporation.
Here are 7 key members and their salaries:
- Compensation: $91,423
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bvahc.org
Where can I find the form 990 for Brazos Valley Affordable Housing Corporation?
Brazos Valley Affordable Housing Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bvahc.org
Learn more at the official website: www.bvahc.org
Mission Statement of Brazos Valley Affordable Housing Corporation
Brazos Valley Affordable Housing Corporation is committed to serving its community by offering high-quality services and products that prioritize affordability, particularly for low-income individuals. The organization's mission extends beyond housing, aiming to contribute to overall community development, economic growth, and an improvement in the standard of living for all residents in the areas it serves. Brazos Valley Affordable Housing Corporation actively seeks partnerships with various entities, including non-profits, for-profits, and governmental bodies, to further these goals. By doing so, the corporation aims to foster a sense of collaboration and collective growth within its community. In essence, Brazos Valley Affordable Housing Corporation strives to make safe and decent housing more accessible, thereby improving the living conditions and opportunities for its community's residents.
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Impact
July, 2024
Brazos Valley Affordable Housing Corporation contributes significantly to community improvement by providing quality services and products that maximize the affordability of safe and decent housing, especially for low-income individuals and families in the Brazos Valley area. Through networking and forming partnerships with other nonprofits, for-profits, and governmental entities, the Corporation actively encourages community development, economic growth, and a general improvement in the standard of living for all residents in the areas it serves.
This information is meant to be a general summary of Brazos Valley Affordable Housing 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 2024.
- Investment Income: $60,408
- Program Service Revenue: $255,943
- Gross Receipts: $3,478,224
Assets and Liabilities:
- Total Assets: $17,075,337
- Total Liabilities: $7,187,103
- Net Assets: $9,888,234
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admin & loan service fees
Revenue
$87,943
Interest Income - Fiber
Revenue
$160,000
Late fees - Fiber LOC
Revenue
$8,000
Organization Details
Founding Year
1992
Principal Officer
Paul Turney
Website
www.bvahc.orgNTEE Category
Code: S20Z - Community improvement
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