Overview
What is Bernalillo County Affordable Housing Non-Profit?
Bernalillo County Affordable Housing Non-Profit is a dedicated organization working towards the betterment of society by alleviating governmental responsibilities. They strive to improve civic conditions and social welfare by offering affordable housing to low-income, very low-income, disabled, and elderly community members. The non-profit has achieved significant success by transitioning 75 senior and disabled multifamily units into the Department of Housing and Urban Development's Rental Assistance Demonstration (RAD) program, providing them with essential housing support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Bernalillo County Affordable Housing Non-Profit has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and financial health. The organization scored an impressive 94% in its overall evaluation, reflecting its commitment to transparency and effective management practices.
Among its notable strengths, the nonprofit boasts a fully independent board, with 100% of its members meeting the independence criteria. Financial oversight is also robust, as evidenced by a perfect score in audit and oversight committee evaluations. Furthermore, the organization maintains a low liabilities-to-assets ratio of 6.31%, which strengthens its financial stability.
Despite its strong performance, the summary does not indicate any specific limitations or areas for improvement. Overall, the Bernalillo County Affordable Housing Non-Profit shows a solid commitment to its mission and responsible governance, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Bernalillo County Affordable Housing Non-Profit legitimate?
Bernalillo County Affordable Housing Non-Profit is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bernalillo County Affordable Housing Non-Profit 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
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What is the mission statement of Bernalillo County Affordable Housing Non-Profit?
The Bernalillo County Affordable Housing Non-Profit is dedicated to enhancing the well-being of the community by focusing on low-income and very low-income individuals, the disabled, and the elderly. Their mission is to contribute to the betterment of society by alleviating governmental burdens and fostering improvements through the provision of affordable housing. They have successfully transformed 75 senior and disabled multifamily units into the Department of Housing and Urban Development's Rental Assistance Demonstration (RAD) program, thereby offering housing solutions for this specific group of society.
Who is the CEO of Bernalillo County Affordable Housing Non-Profit?
Betty Valdez is the Board Member of Bernalillo County Affordable Housing Non-Profit.
What is the revenue of Bernalillo County Affordable Housing Non-Profit?
Bernalillo County Affordable Housing Non-Profit's revenue in 2022 was $716,427.
Who are the executives of Bernalillo County Affordable Housing Non-Profit and what are their salaries?
Here are 6 key members and their salaries:
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- Other: $0
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- Related: $115,711
- Other: $38,097
Where can I find the form 990 for Bernalillo County Affordable Housing Non-Profit?
Bernalillo County Affordable Housing Non-Profit's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bernalillo County Affordable Housing Non-Profit
Bernalillo County Affordable Housing Non-Profit is committed to enhancing the well-being of society by focusing on the essential needs of low-income and very low-income individuals, as well as the disabled and elderly community members. This dedicated non-profit organization aims to contribute to the common good and alleviate some of the government's responsibilities by fostering civic improvements and social betterments through its primary mission: providing affordable housing.
In order to achieve this mission, Bernalillo County Affordable Housing Non-Profit has successfully leased 75 senior and disabled multifamily units and transformed them into the Department of Housing and Urban Development's Rental Assistance Demonstration (RAD) program. By doing so, the non-profit is able to offer affordable housing solutions to those who may otherwise struggle to secure safe and suitable living arrangements. This initiative reflects Bernalillo County Affordable Housing Non-Profit's unwavering commitment to improving the lives of its target population and promoting a more equitable and inclusive society.
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Impact
July, 2024
Bernalillo County Affordable Housing Non-Profit provides housing to low-income and very low-income, disabled, and elderly members of the community in Albuquerque, NM. Their impact is significant as they have successfully leased up 75 senior and disabled multifamily units and converted them to the Department of Housing and Urban Development's Rental Assistance Demonstration (RAD) program. This initiative helps lessen the burdens of government by promoting civic betterments and social improvements through affordable housing solutions.
This information is meant to be a general summary of Bernalillo County Affordable Housing Non-Profit. 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: $4,883
- Program Service Revenue: $625,991
- Gross Receipts: $716,427
Assets and Liabilities:
- Total Assets: $2,070,736
- Total Liabilities: $923,280
- Net Assets: $1,147,456
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDIES
Revenue
$435,538
TENANT INCOME
Revenue
$190,453
Organization Details
Founding Year
2016
Phone
(505) 314-0225Principal Officer
Betty Valdez
Main Address
2400 WELLESLEY DR NE 100, ALBUQUERQUE, NM, 87107
NTEE Category
Code: L20 - Housing
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