Overview
What is Belmont Housing Associatesinc?
Belmont Housing Associatesinc is a nonprofit organization that is dedicated to offering housing solutions for the elderly and disabled. Their primary aim is to create a comfortable and supportive living environment for these individuals. By providing housing, they strive to enhance the quality of life for these groups of people, ensuring they have a secure and nurturing place to reside. The organization's mission is deeply rooted in this commitment to care and comfort.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Overall Score: 67% - Star Rating: Two-Star out of Four Stars
Belmont Housing Associatesinc has received a rating of "Needs Improvement" from Charity Navigator, indicating areas where the organization could enhance its operations and accountability. With a score of 67%, it demonstrates a commitment to program expenses, with 78.40% of its budget directed towards its mission-related activities. The organization also scores well in areas such as financial oversight and board independence, showcasing a fully independent board and robust audit practices.
However, there are several significant limitations highlighted in the evaluation. The organization lacks important governance policies, including a conflict of interest policy, whistleblower policy, and document retention policy, which could undermine transparency and accountability. Additionally, the absence of a website listed on its tax form and missing tax documents on its website further detracts from its credibility and accessibility.
The high liabilities to assets ratio of 225.64% raises concerns regarding the financial stability of Belmont Housing Associatesinc. While the nonprofit demonstrates strong program expense management, addressing these governance and financial transparency issues is crucial for improving its overall standing and gaining greater trust from stakeholders and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Belmont Housing Associatesinc legitimate?
Belmont Housing Associatesinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont Housing Associatesinc 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: $64,333
For more financial information, click here
What is the mission statement of Belmont Housing Associatesinc?
Belmont Housing Associates, as an organization, is committed to providing housing for the elderly and individuals with disabilities. Their mission is to create a comfortable and supportive environment for these groups of people, aiming to enhance their quality of life. The organization strives to offer a living space that caters to their unique needs, ensuring a sense of security and well-being.
Who is the CEO of Belmont Housing Associatesinc?
Felipe Perez is the President of Belmont Housing Associatesinc.
What is the revenue of Belmont Housing Associatesinc?
Belmont Housing Associatesinc's revenue in 2022 was $597,199.
Who are the executives of Belmont Housing Associatesinc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Belmont Housing Associatesinc?
Belmont Housing Associatesinc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Belmont Housing Associatesinc
Belmont Housing Associates, a nonprofit organization, is dedicated to providing housing for the elderly and disabled. Its mission is to create a comfortable and supportive environment for these individuals. The organization strives to ensure that its residents feel secure and well-cared for, providing them with a place to call home. Belmont Housing Associates believes that every individual deserves a comfortable living space, regardless of their age or abilities, and works tirelessly to make this a reality.
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Impact
July, 2024
Belmont Housing Associates inc's impact is significant as it provides crucial housing support for the elderly and disabled populations in Denver, CO. By offering a comfortable and supportive living environment, they improve the quality of life for those individuals who may face challenges in finding suitable housing options. This organization plays a vital role in ensuring that this vulnerable demographic has access to the housing they need to thrive and live independently.
This information is meant to be a general summary of Belmont Housing Associatesinc. 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: $3
- Program Service Revenue: $144,716
- Gross Receipts: $597,199
Assets and Liabilities:
- Total Assets: $837,955
- Total Liabilities: $1,972,103
- Net Assets: -$1,134,148
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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
$144,716
Organization Details
Founding Year
1983
Phone
(303) 433-8636Principal Officer
Felipe Perez
Main Address
1331 WEST 38TH AVE, DENVER, CO, 80211
NTEE Category
Code: L21Z - Housing
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