Overview
What is Brazos Valley Cdc Inc?
Brazos Valley CDC Inc is a nonprofit organization situated in Bryan, Texas. Their primary mission is to boost the economic conditions of the Brazos Valley region by facilitating loans, investments, and business transactions with individuals and small businesses. This initiative aims to increase the availability of affordable housing and job opportunities for low and moderate-income people. The organization is committed to providing quality services and products to its communities, ensuring the affordability of safe and decent housing, particularly for those in need. Furthermore, Brazos Valley CDC Inc collaborates with other non-profits, for-profits, and government entities to encourage community development, stimulate economic growth, and enhance the overall living standards of its residents.
Official website here: www.bvahc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Brazos Valley Cdc Inc has received a low rating of 50%, categorized as a One-Star charity, which indicates significant concerns regarding its accountability and financial practices. The organization demonstrates strong governance with a fully independent board and has no reported material diversion of assets. However, key areas such as the absence of a whistleblower policy and failure to post its tax form on the website raise substantial red flags about its transparency and operational practices.
While the organization's board structure appears sound with all members being independent, its financial indicators suggest potential issues. The liabilities to assets ratio is concerning at 38.69%, and the program expense ratio is low at 48.72%, indicating that a relatively small portion of its expenses is directed toward programs. This may impact the charity's effectiveness in achieving its mission and delivering its intended services.
Overall, while Brazos Valley Cdc Inc has strengths in board independence and governance policies, the lack of transparency and low financial scores highlight critical areas for improvement. Donors and stakeholders may want to consider these factors before contributing or engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Brazos Valley Cdc Inc legitimate?
Brazos Valley Cdc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brazos Valley Cdc 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
Official website here: www.bvahc.org
What is the mission statement of Brazos Valley Cdc Inc?
Brazos Valley CDC Inc's mission is centered around delivering quality services and products to its community, prioritizing affordability for safe and decent housing, particularly for low-income residents. The organization functions as a facilitator, forming partnerships with various entities to promote community development, economic growth, and enhance the overall living standards for its residents. It aims to serve as a catalyst for general improvement in the areas it serves.
Official website here: www.bvahc.org
Who is the CEO of Brazos Valley Cdc Inc?
Paul Turney is the Member of Brazos Valley Cdc Inc. The CEO's salary of Brazos Valley Cdc Inc is $0 and their total compensation is $0.
Official website here: www.bvahc.org
What is the revenue of Brazos Valley Cdc Inc?
Brazos Valley Cdc Inc's revenue in 2022 was $57,444.
Official website here: www.bvahc.org
Who are the executives of Brazos Valley Cdc Inc and what are their salaries?
There 11 volunteers at Brazos Valley Cdc Inc.
Here are 12 key members and their salaries (Brazos Valley Cdc Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.bvahc.org
Where can I find the form 990 for Brazos Valley Cdc Inc?
Brazos Valley Cdc Inc's most recent form 990 was submitted in 2022 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 Cdc Inc
Brazos Valley CDC Inc, as a non-profit organization, is dedicated to serving its communities by providing affordable and decent housing solutions, particularly for those of lower income. Its mission extends beyond just housing, however. The organization aims to act as a catalyst for community development, economic growth, and overall improvement in the standard of living for all its residents. To achieve this, Brazos Valley CDC Inc forms partnerships with various entities, including non-profits, for-profits, and governmental bodies. These collaborations are designed to encourage sustainable growth and enhance the living conditions of everyone within the served areas.
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Impact
August, 2024
Brazos Valley CDC Inc's impact is centered around providing quality services and products to residents and businesses in the Brazos Valley region. The organization focuses on maximizing the affordability of safe and decent housing, particularly for low-income individuals. By initiating loans, investments, and business transactions with individuals and small businesses, Brazos Valley CDC Inc works to increase the supply of affordable housing and job opportunities for low and moderate-income persons. Through networking and forming partnerships with other nonprofits, for-profits, and governmental entities, the organization aims to encourage community development, economic growth, and improve the standard of living for all residents in the areas they serve.
This information is meant to be a general summary of Brazos Valley Cdc 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.
- Program Service Revenue: $57,118
- Gross Receipts: $57,444
Assets and Liabilities:
- Total Assets: $3,163,276
- Total Liabilities: $1,223,937
- Net Assets: $1,939,339
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$56,291
Late/NSF Fees
Revenue
$827
Organization Details
Founding Year
2006
Phone
(979) 595-2800Principal Officer
Paul Turney
Main Address
PO Drawer 4128, Bryan, TX, 77805
Website
www.bvahc.orgNTEE Category
Code: L82 - Housing
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