Overview
What is Brook Haven Apartments Inc?
Brook Haven Apartments Inc is a nonprofit organization dedicated to offering affordable housing solutions to the broader community. This is achieved through their 40-unit program, which is subsidized by the HUD. The organization's primary mission revolves around providing an affordable living space for individuals and families within the community.
Official website here: www.brothersredevelopment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating
Brook Haven Apartments Inc has received a 73% rating from Charity Navigator, which translates to a Two-Star rating. This score indicates a moderate level of accountability and financial health. Notably, the organization boasts a fully independent board and has received high marks for its financial statement audits and absence of material asset diversion.
Despite these strengths, the organization has some weaknesses that are worth noting. It has not implemented a whistleblower policy or a document retention and destruction policy, both of which are important for transparency and accountability. Additionally, the organization has failed to post its tax forms on its website, which could limit public access to important financial information.
The program expense ratio is relatively strong at 85.57%, suggesting that a significant portion of its expenditures is directed towards its programs. However, the liabilities to assets ratio is concerning at 112.45%, indicating that the organization may have more liabilities than assets, which could pose a risk to its financial stability in the long run.
This AI summary has been generated from information found on Charity Navigator.
Is Brook Haven Apartments Inc legitimate?
Brook Haven Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brook Haven 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:
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Other Salaries and Wages: $32,594
For more financial information, click here
Official website here: www.brothersredevelopment.org
What is the mission statement of Brook Haven Apartments Inc?
Brook Haven Apartments Inc, as a organization, is committed to offering affordable housing options for the wider community. They achieve this goal through their 40-unit HUD-subsidized program, serving as a vital resource for individuals and families in need of housing solutions. By providing affordable housing, Brook Haven Apartments contributes to the well-being and stability of the community, allowing individuals to focus on other aspects of their lives. The organization's focus on affordable housing serves as a testament to its dedication to promoting equitable housing opportunities for all.
Official website here: www.brothersredevelopment.org
Who is the CEO of Brook Haven Apartments Inc?
Jeff Martinez is the Chairman of Brook Haven Apartments Inc.
Official website here: www.brothersredevelopment.org
What is the revenue of Brook Haven Apartments Inc?
Brook Haven Apartments Inc's revenue in 2022 was $535,095.
Official website here: www.brothersredevelopment.org
Who are the executives of Brook Haven Apartments Inc and what are their salaries?
Here are 13 key members and their salaries:
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- Related: $172,000
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Official website here: www.brothersredevelopment.org
Where can I find the form 990 for Brook Haven Apartments Inc?
Brook Haven Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brothersredevelopment.org
Learn more at the official website: www.brothersredevelopment.org
Mission Statement of Brook Haven Apartments Inc
Brook Haven Apartments Inc is an organization dedicated to providing affordable housing for the general community. Through their 40-unit HUD-subsidized program, they aim to make housing more accessible and affordable for a wide range of individuals. This mission is crucial in addressing the housing needs of various segments of society, ensuring that everyone has a decent place to live. By offering affordable housing, Brook Haven Apartments Inc contributes to creating a more equitable and inclusive community, where everyone has an opportunity to thrive.
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Impact
July, 2024
Brook Haven Apartments Inc has a significant impact on the community by providing affordable housing through its 40 unit HUD-subsidized program. This initiative directly addresses the pressing issue of housing affordability, ensuring that individuals and families in Edgewater, CO have a place to call home. The organization's commitment to community improvement is evident in its mission to make housing more accessible and affordable for those in need. Through its efforts, Brook Haven Apartments Inc is contributing to improving the overall well-being and stability of the general community.
This information is meant to be a general summary of Brook Haven 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $73,204
- Gross Receipts: $535,095
Assets and Liabilities:
- Total Assets: $2,822,967
- Total Liabilities: $3,174,648
- Net Assets: -$351,681
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$73,204
Organization Details
Founding Year
2003
Phone
(303) 202-6340Principal Officer
Jeff Martinez
Main Address
2250 EATON ST GARDEN LEVEL, EDGEWATER, CO, 80214
NTEE Category
Code: S20 - Community improvement
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