Overview
What is Brothers Redevelopment Inc?
Brothers Redevelopment Inc is a dedicated nonprofit organization based in Edgewater, Colorado. With a team of 111 employees, they provide managerial oversight and property management services to the affordable housing communities owned by the organization and its partners. Their mission is to ensure safe, accessible, and affordable housing for low-income, elderly, and disabled individuals in Colorado. They manage 13 such communities, offering 526 well-maintained apartments to those in need.
Official website here: www.brothersredevelopment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
Brothers Redevelopment Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization achieved a high score of 94% in this category, indicating effective financial management and transparency. This rating is significant as it demonstrates the nonprofit's dedication to using its resources wisely and maintaining fiscal integrity.
The evaluation highlights several strengths, including a fully independent board with 100% independent members and effective oversight mechanisms. The organization has no recorded material diversion of assets, and it has policies in place for conflict of interest, whistleblower protection, and document retention. Additionally, with a program expense ratio of 86.40%, the majority of its expenditures are directed toward fulfilling its mission.
While the financial health indicators are strong, with a liabilities to assets ratio of 52.01%, it is essential for potential donors to consider the overall context and future needs of the organization. However, the robust governance and financial practices showcased make Brothers Redevelopment Inc a reliable charity for supporters looking to contribute to meaningful causes.
This AI summary has been generated from information found on Charity Navigator.
Is Brothers Redevelopment Inc legitimate?
Brothers Redevelopment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brothers Redevelopment 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: $172,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,436,626
For more financial information, click here
Official website here: www.brothersredevelopment.org
What is the mission statement of Brothers Redevelopment Inc?
Brothers Redevelopment Inc is dedicated to providing safe, affordable, and accessible housing and housing services for the low-income, elderly, and disabled community in Colorado. Through their management oversight and property services, they ensure the organization's and third-party owned communities meet the needs of their residents. Brothers Redevelopment manages thirteen (13) affordable housing communities, providing a total of 526 apartments for those in need. Their mission is to make a positive impact on the lives of vulnerable individuals by addressing their housing needs.
Official website here: www.brothersredevelopment.org
Who is the CEO of Brothers Redevelopment Inc?
Jeff Martinez is the Chairman of Brothers Redevelopment Inc.
Official website here: www.brothersredevelopment.org
What is the revenue of Brothers Redevelopment Inc?
Brothers Redevelopment Inc's revenue in 2022 was $23,000,953.
Official website here: www.brothersredevelopment.org
Who are the executives of Brothers Redevelopment Inc and what are their salaries?
The average compensation at Brothers Redevelopment Inc during 2022 was $41,519. There are 111 employees and 1892 volunteers at Brothers Redevelopment Inc.
Here are 13 key members and their salaries:
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- Compensation: $153,923
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- Other: $18,077
Official website here: www.brothersredevelopment.org
Where can I find the form 990 for Brothers Redevelopment Inc?
Brothers Redevelopment 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 Brothers Redevelopment Inc
Brothers Redevelopment Inc, a dedicated nonprofit organization, is committed to ensuring the availability of safe, affordable housing for the low-income, elderly, and disabled residents of Colorado. The mission of this esteemed organization is to provide these vulnerable populations with accessible housing and essential housing services.
Through their managerial oversight and property management services, Brothers Redevelopment Inc manages thirteen affordable housing communities, offering 526 apartments to those in need. These apartments cater specifically to disabled, elderly, and low-income families. The nonprofit goes above and beyond by also providing third-party maintenance services to its nonprofit organizations.
Brothers Redevelopment Inc's unwavering dedication to its cause is evident in its impactful work. By offering safe and affordable housing, the organization enables its residents to focus on their wellbeing and personal growth. The provision of housing services further enhances the quality of life for the residents, addressing their unique needs and ensuring a sense of stability and security.
In summary, Brothers Redevelopment Inc is a pioneering nonprofit organization that focuses on providing safe, affordable, and accessible housing and essential services for the low-income, elderly, and disabled population of Colorado. Through its comprehensive housing solutions, the organization empowers its residents to overcome challenges and build better lives for themselves and their families.
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Impact
October, 2024
Brothers Redevelopment Inc significantly impacts the lives of low-income, elderly, and disabled individuals in Colorado by providing safe, affordable, and accessible housing solutions. Through their management of thirteen affordable housing communities, they offer 526 apartments specifically tailored to meet the needs of vulnerable populations. Their comprehensive approach includes not only property management but also third-party maintenance services, ensuring that residents have access to well-maintained living environments. This initiative enhances community stability, allowing individuals and families to thrive in secure and supportive settings. By addressing housing needs, Brothers Redevelopment Inc plays a vital role in promoting dignity and quality of life for those most in need.
This information is meant to be a general summary of Brothers Redevelopment 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: $569,001
- Program Service Revenue: $6,358,328
- Gross Receipts: $23,318,354
Assets and Liabilities:
- Total Assets: $36,260,929
- Total Liabilities: $17,732,961
- Net Assets: $18,527,968
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$3,965,670
PROPERTY MANAGEMENT FEES
Revenue
$2,392,658
Organization Details
Founding Year
1973
Phone
(303) 202-6340Principal Officer
Jeff Martinez
Main Address
2250 EATON ST GARDEN LEVEL, EDGEWATER, CO, 80214
NTEE Category
Code: L20Z - Housing
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