Overview
What is Bishop Richard Allen Center?
Bishop Richard Allen Center is a nonprofit organization situated in Denver, Colorado, specifically at 3050 Richard Allen Court. Their primary mission is to offer affordable housing for low-income elderly and handicapped individuals. This organization, with a workforce of three employees, focuses on providing a living space for those in need, thereby contributing to the community's social welfare.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
The Bishop Richard Allen Center has received a 78% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This score is derived entirely from its Accountability & Finance metrics, suggesting that the organization is focused on maintaining transparency and proper financial management practices.
Strengths include having a fully independent board, with 100% of its members meeting this criterion, and a strong audit and oversight committee. Additionally, the organization has well-defined policies for conflict of interest, whistleblowing, and document retention, which are essential for maintaining ethical standards and operational integrity.
However, the center has a concerning liability-to-assets ratio of 164.65%, which indicates potential financial instability. Despite a commendable program expense ratio of 69.44%, the high level of liabilities may pose challenges for long-term sustainability. Overall, while the Bishop Richard Allen Center demonstrates robust accountability practices, it may need to address its financial liabilities to enhance its overall stability.
This AI summary has been generated from information found on Charity Navigator.
Is Bishop Richard Allen Center legitimate?
Bishop Richard Allen Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bishop Richard Allen Center 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: $92,160
For more financial information, click here
What is the mission statement of Bishop Richard Allen Center?
The Bishop Richard Allen Center's mission is centered around providing housing solutions. Specifically, it focuses on catering to the needs of the elderly and handicapped individuals, offering them a suitable living space. The center strives to make affordable housing available for low-income individuals and families, ensuring they have a place to call home.
Who is the CEO of Bishop Richard Allen Center?
Kenneth Floyd is the Chairperson of Bishop Richard Allen Center.
What is the revenue of Bishop Richard Allen Center?
Bishop Richard Allen Center's revenue in 2022 was $615,952.
Who are the executives of Bishop Richard Allen Center and what are their salaries?
The average compensation at Bishop Richard Allen Center during 2022 was $30,720. There are 3 employees and 5 volunteers at Bishop Richard Allen Center.
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 Bishop Richard Allen Center?
Bishop Richard Allen Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bishop Richard Allen Center
The Bishop Richard Allen Center is dedicated to serving the needs of the elderly and handicapped community. Its primary mission is to provide affordable housing for individuals and families who are financially struggling. This nonprofit organization strives to offer a safe and comfortable living environment for its residents, ensuring they receive the care and support they require. By doing so, the Bishop Richard Allen Center plays a crucial role in enhancing the quality of life for its elderly and handicapped clients.
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Impact
July, 2024
The Bishop Richard Allen Center's impact lies in its provision of affordable housing for low-income individuals and families in Denver, Colorado. By offering housing options for the elderly and handicapped clients, this organization helps to address the pressing issue of housing insecurity and supports vulnerable populations in accessing safe and stable living arrangements. Through its mission to provide housing for those in need, the Bishop Richard Allen Center contributes to enhancing the quality of life for marginalized individuals and promoting community well-being in Denver.
This information is meant to be a general summary of Bishop Richard Allen Center. 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: $317
- Gross Receipts: $615,952
Assets and Liabilities:
- Total Assets: $769,175
- Total Liabilities: $1,256,469
- Net Assets: -$487,294
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Tenant Charges
Investment Income
Organization Details
Founding Year
2005
Principal Officer
Kenneth Floyd
Main Address
3050 Richard Allen Court, Denver, CO, 80205
NTEE Category
Code: L21 - Housing
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