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Bicentennial Apartments Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 810374973 ✦ Dillon, MT ✦ Designated as a 501(c)(3)

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Overview

What is Bicentennial Apartments Inc?

Bicentennial Apartments Inc is a charitable organization based in Dillon, Montana, specifically at 76 W Center. Its primary mission is to offer housing facilities for elderly individuals, adhering to Section 8 of the National Housing Act. The organization has a modest workforce of four employees. Notably, the apartment complex managed by Bicentennial Apartments Inc was transferred to a separate entity on June 2, 2022. Despite the sale, Bicentennial Apartments Inc continues its dedication to providing housing solutions for the elderly within the scope of its mission.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73% (Two-Star out of Four Star rating)

Bicentennial Apartments Inc has received a score of 73% from Charity Navigator, indicating a Two-Star rating. This rating reflects the organization's performance in accountability and finance, where it has performed notably well in several key areas, including maintaining a majority of independent board members and demonstrating no diversion of assets.

The organization has a strong program expense ratio of 90.30%, which suggests that a significant portion of its expenses is directed towards its programs rather than administrative costs. Additionally, the organization has demonstrated transparency by documenting board meeting minutes and maintaining a zero liabilities to assets ratio, which strengthens its financial stability.

However, despite these strengths, the overall rating indicates that there may be room for improvement in certain areas to enhance its performance further. While the specific limitations are not detailed, potential donors and supporters may want to consider these factors when evaluating their support for Bicentennial Apartments Inc.


This AI summary has been generated from information found on Charity Navigator.

Is Bicentennial Apartments Inc legitimate?

Bicentennial Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bicentennial Apartments 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: $48,505

For more financial information, click here

What is the mission statement of Bicentennial Apartments Inc?

Bicentennial Apartments Inc. is a nonprofit organization dedicated to serving the elderly community. Its primary mission, as outlined under Section 8 of the National Housing Act, is to provide suitable housing facilities for this demographic. The organization's purpose is to ensure elderly individuals have access to appropriate living spaces. Regrettably, the information does not provide further details about the specific services or support provided beyond housing. On June 2, 2022, the apartment complex under Bicentennial Apartments Inc.'s management was sold to an unrelated party, marking a shift in ownership. However, the new entity is expected to continue the organization's mission of providing housing facilities for the elderly.

Who is the CEO of Bicentennial Apartments Inc?

James A Mcisaac is the Director of Bicentennial Apartments Inc.

What is the revenue of Bicentennial Apartments Inc?

Bicentennial Apartments Inc's revenue in 2022 was $1,962,959.

Who are the executives of Bicentennial Apartments Inc and what are their salaries?

The average compensation at Bicentennial Apartments Inc during 2022 was $12,126. There are 4 employees at Bicentennial Apartments Inc.


Here are 8 key members and their salaries:


Fred Merganthaler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Moorehouse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marlene Stonelake (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirley Midlestadt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Warner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Sporich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Mcisaac (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robyn Walker (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Bicentennial Apartments Inc?

Bicentennial Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Bicentennial Apartments Inc

Bicentennial Apartments Inc, as a nonprofit organization, is dedicated to serving the elderly community. Its primary mission is to provide suitable housing facilities for elderly individuals, adhering to Section 8 of the National Housing Act. The organization's purpose is to ensure that the elderly have access to comfortable living spaces, thereby contributing to their overall well-being and quality of life. Unfortunately, the information does not provide details about the specific services or amenities offered at these housing facilities or the length of time the organization has been serving this vulnerable population. However, it can be inferred that Bicentennial Apartments Inc plays a crucial role in providing affordable and secure housing for elderly individuals, enabling them to live with dignity and independence. After being in operation for an unspecified period, Bicentennial Apartments Inc recently underwent a significant transition on June 2, 2022, when it was sold to an unrelated party. Despite this change in ownership, the mission to serve the elderly community remains unaltered.

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Impact




July, 2024

Bicentennial Apartments Inc has had a significant impact on the lives of elderly persons by providing housing facilities under Section 8 of the National Housing Act. Their mission to offer affordable and comfortable housing to this demographic has been essential in ensuring the well-being and security of senior citizens in the community. By operating as a nonprofit organization, Bicentennial Apartments Inc has demonstrated a commitment to serving a specific and often vulnerable population. The sale of the apartment complex on June 2, 2022, while transferring ownership to an unrelated party, underscores the lasting legacy and impact of Bicentennial Apartments Inc's work in supporting elderly individuals in Dillon, MT.




This information is meant to be a general summary of Bicentennial Apartments 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.

Revenue
$1,962,959 (2022)
Expenses
$311,999 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,736,821
  • Program Service Revenue: $226,138
  • Gross Receipts: $3,759,286

Assets and Liabilities:

  • Total Assets: $5,329,749
  • Total Liabilities: $1,636
  • Net Assets: $5,328,113

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Apartment Rent

Revenue

$105,922

Miscellaneous

Revenue

$10,001

Tenant Assistance Payments

Revenue

$110,215

Organization Details

Founding Year

1982

Principal Officer

James A Mcisaac

Main Address

76 W Center, Dillon, MT, 59725

NTEE Category

Code: L210 - Housing

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