Overview
What is Bivins Village Phase Ii?
Bivins Village Phase II is a 60-unit apartment community situated in Amarillo, Texas, specifically at 2311 W 16th Street, 791022303. This nonprofit facility, catering to low to moderate income seniors aged 62 or older, operates under HUD's Section 202 program. The community is designed with the understanding that its early residents may remain more independent, but as time progresses, they may require additional support due to aging. Therefore, the units are equipped with safety features such as grab bars and non-slip floor surfaces to ensure individual safety. The development is situated on approximately 8 acres of land, which is part of a larger 18-acre tract owned by the Mary E. Bivins Foundation.
Official website here: www.bivinsfoundations.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star Rating
Bivins Village Phase II has achieved a commendable Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance with a score of 85%. The organization demonstrates high standards of governance, with 100% of its board members being independent and comprehensive policies in place for conflict of interest, whistleblower protections, and document retention. These factors contribute positively to the charity's credibility and operational integrity.
Financially, Bivins Village Phase II shows a robust program expense ratio of 78.37%, indicating that a significant portion of funds is directed towards its programs rather than administrative expenses. However, a notable concern arises from its liabilities to assets ratio of 137.88%, which suggests the organization may have more obligations than assets. This could raise questions about its financial sustainability in the long term.
Overall, while Bivins Village Phase II exhibits strong governance and program efficiency, potential donors and stakeholders should be aware of its financial liabilities. Addressing this issue may be crucial for maintaining trust and ensuring the charity's long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Bivins Village Phase Ii legitimate?
Bivins Village Phase Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bivins Village Phase Ii 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: $99,168
For more financial information, click here
Official website here: www.bivinsfoundations.org
What is the mission statement of Bivins Village Phase Ii?
Bivins Village Phase II is an independent living facility designed for low-income seniors. Its mission is to provide a safe and accommodating environment for its residents, recognizing that their needs may change over time due to aging. The facility is equipped with features like grab bars and non-slip floor surfaces to ensure individual safety. The design of Bivins Village II takes into account the future needs of its residents, catering to their changing requirements as they become more frail with age. The goal is to enable these seniors to maintain their independence for as long as possible.
Official website here: www.bivinsfoundations.org
Who is the CEO of Bivins Village Phase Ii?
Katharyn Wiegand is the President of Bivins Village Phase Ii.
Official website here: www.bivinsfoundations.org
What is the revenue of Bivins Village Phase Ii?
Bivins Village Phase Ii's revenue in 2022 was $511,714.
Official website here: www.bivinsfoundations.org
Who are the executives of Bivins Village Phase Ii and what are their salaries?
The average compensation at Bivins Village Phase Ii during 2022 was $33,056. There are 3 employees and 3 volunteers at Bivins Village Phase Ii.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $226,527
- Other: $13,592
- Compensation: $0
- Related: $174,056
- Other: $22,813
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bivinsfoundations.org
Where can I find the form 990 for Bivins Village Phase Ii?
Bivins Village Phase Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bivinsfoundations.org
Learn more at the official website: www.bivinsfoundations.org
Mission Statement of Bivins Village Phase Ii
Bivins Village Phase II is an independent living facility that caters to low-income seniors. The facility is strategically located on approximately 8 acres, which is a part of a larger 18-acre tract belonging to the Mary E. Bivins Foundation. Bivins Village Phase II was designed with a foresight that its initial residents will primarily be more independent elderly individuals. However, recognizing the natural progression of aging, the facility is equipped with safety features such as grab bars, non-slip floor surfaces, and other design elements to ensure the well-being of its residents as they grow more frail over time. This thoughtful design aims to maintain the individual safety of each senior resident, making Bivins Village Phase II a suitable home for low-income seniors who seek independent living with consideration for their future needs.
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Impact
July, 2024
Bivins Village Phase II provides a safe, secure, and quality 60-unit apartment community for low to moderate-income seniors aged 62 and older who are eligible under HUD's Section 202 program. Located in Amarillo, TX, this independent living facility is designed to cater to the needs of seniors as they age, with features such as grab bars and non-slip floor surfaces for enhanced safety.
The impact of Bivins Village Phase II is significant in providing affordable housing options for low-income seniors, allowing them to live independently while feeling secure and supported. By addressing the housing needs of this vulnerable population, the facility contributes to improving their quality of life, promoting social connections, and ensuring access to essential services and amenities. Overall, Bivins Village Phase II plays a crucial role in enhancing the well-being and dignity of elderly individuals in the community.
This information is meant to be a general summary of Bivins Village Phase Ii. 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: $2,412
- Program Service Revenue: $155,057
- Gross Receipts: $511,714
Assets and Liabilities:
- Total Assets: $3,405,602
- Total Liabilities: $4,514,395
- Net Assets: -$1,108,793
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD APARTMENT, AMARILLO, TX
Revenue
$150,395
LAUNDRY / VENDING
Revenue
$4,662
Organization Details
Founding Year
2005
Phone
(806) 379-9400Principal Officer
Katharyn Wiegand
Main Address
2311 W 16TH, AMARILLO, TX, 791022303
Website
www.bivinsfoundations.orgNTEE Category
Code: L21 - Housing
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