Overview
What is Brownwood Manor Inc?
Brownwood Manor Inc is a nonprofit organization dedicated to providing affordable housing for individuals with low income. Based on the National Housing Act, they operate and manage a 51-unit housing project under section 202. The mission of Brownwood Manor Inc is to make housing accessible and affordable for those in need, ensuring a stable living environment for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Brownwood Manor Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid 82% score in accountability and finance. This rating highlights the organization's strong financial health, particularly its commitment to transparency and responsible management. The score is derived entirely from the Accountability & Finance beacon, indicating a focus on how well the organization uses its resources.
The organization excels in several areas, including having a fully independent board and a well-managed audit and oversight committee, receiving full points in both categories. Additionally, Brownwood Manor demonstrates a low liabilities-to-assets ratio of 16.93%, suggesting effective financial management and security. Furthermore, an impressive program expense ratio of 92.22% indicates that a significant majority of its funds are directed towards its programs rather than administrative costs.
While the overall score is commendable, prospective donors might consider looking for additional information regarding program outcomes or impact, as the rating primarily reflects financial metrics. Nonetheless, Brownwood Manor Inc's commitment to accountability positions it as a trustworthy organization within its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Brownwood Manor Inc legitimate?
Brownwood Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brownwood Manor 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: $68,807
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What is the mission statement of Brownwood Manor Inc?
Brownwood Manor Inc, as an organization, is dedicated to providing affordable housing for individuals with lower income levels. This mission is carried out through the operation of a 51-unit housing project, which was constructed and is operated under Section 202 of the National Housing Act. The project serves as a testament to Brownwood Manor Inc's commitment to making housing accessible and affordable for those who need it most. The organization's activities are focused on providing a home for those who might otherwise struggle to find affordable housing options.
Who is the CEO of Brownwood Manor Inc?
Debbie Morelock is the President of Brownwood Manor Inc.
What is the revenue of Brownwood Manor Inc?
Brownwood Manor Inc's revenue in 2022 was $571,811.
Who are the executives of Brownwood Manor Inc and what are their salaries?
The average compensation at Brownwood Manor Inc during 2022 was $34,404. There are 2 employees at Brownwood Manor Inc.
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Where can I find the form 990 for Brownwood Manor Inc?
Brownwood Manor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brownwood Manor Inc
Brownwood Manor Inc, a nonprofit organization, is dedicated to fulfilling its mission by providing affordable housing. This is accomplished through the operation of a 51-unit low income housing project, which is constructed and managed under Section 202 of the National Housing Act. This project serves as a testament to Brownwood Manor's commitment to making housing accessible for individuals with limited financial resources. By offering affordable housing options, Brownwood Manor Inc plays a crucial role in ensuring that a diverse range of people can secure a stable living environment, thereby contributing to their overall well-being.
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Impact
July, 2024
Brownwood Manor Inc provides crucial low-income housing through its 51 unit housing project in Waco, TX. By offering affordable housing options to those in need, Brownwood Manor Inc directly contributes to the community's well-being and addresses the pressing issue of housing insecurity. This impact is particularly significant for individuals and families who may struggle to find suitable housing options due to financial constraints. Through their mission-driven work, Brownwood Manor Inc actively supports the goal of ensuring access to quality housing for all, thereby fostering a more inclusive and supportive community environment in Waco.
This information is meant to be a general summary of Brownwood Manor 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: $276
- Program Service Revenue: $567,123
- Gross Receipts: $571,811
Assets and Liabilities:
- Total Assets: $654,158
- Total Liabilities: $317,154
- Net Assets: $337,004
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS AND FEES
Revenue
$567,123
Organization Details
Founding Year
1981
Phone
(254) 753-0105Principal Officer
Debbie Morelock
Main Address
112 SOUTH 32ND STREET, WACO, TX, 76710
NTEE Category
Code: L210 - Housing
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