Overview
What is Bethel House Incorporated?
Bethel House Incorporated is a compassionate nonprofit organization situated in Denver, Colorado. Their primary mission is to offer housing solutions for individuals living with chronic illnesses, specifically HIV and AIDS. They maintain a 12-unit apartment complex, ensuring affordable housing options for their residents. The organization relies on their earnings to sustain the property, while generous contributions in the form of grants from various charitable sources cover any remaining expenses. Bethel House Incorporated's goal is to provide a supportive living environment for those battling these health conditions, enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
Bethel House Incorporated has received a low rating of 50%, indicating significant concerns regarding its accountability and financial practices. The charity scored particularly poorly in key governance areas, including having no independent board members and lacking essential policies like conflict of interest and whistleblower protections. The absence of transparency measures, such as posting tax forms and board meeting minutes on its website, further exacerbates these issues.
However, the organization demonstrates a strong commitment to its program expenses, achieving a program expense ratio of 100%, which suggests that all funds are directed towards its mission-related activities. Additionally, it has a sound liabilities to assets ratio at 0.20%, indicating financial stability in terms of managing its debts and obligations.
Despite these strengths, the overall lack of transparency and governance raises red flags for potential donors and supporters. The absence of core organizational policies and independent oversight may undermine public confidence, highlighting the need for Bethel House to improve its accountability practices to foster trust and enhance its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Bethel House Incorporated legitimate?
Bethel House Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethel House Incorporated 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: $0
For more financial information, click here
What is the mission statement of Bethel House Incorporated?
Bethel House Incorporated is committed to providing housing for individuals living with chronic illnesses, specifically HIV and AIDS. Their mission involves offering below-market-value accommodation to these clients, with additional expenses covered through charitable contributions in the form of grants. The organization's 12-unit apartment building is a testament to their dedication to supporting those in need, ensuring they have a safe and secure living space. By offering housing, Bethel House Incorporated aims to alleviate some of the challenges faced by these individuals, thereby enhancing their overall quality of life.
Who is the CEO of Bethel House Incorporated?
Frank Fredericks is the President of Bethel House Incorporated.
What is the revenue of Bethel House Incorporated?
Bethel House Incorporated's revenue in 2022 was $69,456.
Who are the executives of Bethel House Incorporated and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Bethel House Incorporated?
Bethel House Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bethel House Incorporated
Bethel House Incorporated, a nonprofit organization, is dedicated to providing housing for individuals who are chronically ill due to HIV and AIDS. Their mission is to offer below fair market value accommodation in a 12-unit apartment building. The organization relies on multiple sources of charitable contributions, primarily in the form of grants, to cover the remaining expenses. By doing so, Bethel House Incorporated is able to provide a safe and supportive living environment for those in need, enabling them to focus on their health and well-being.
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Impact
August, 2024
Bethel House Incorporated's impact is significant in providing housing for chronically ill clients with HIV and AIDS in Denver, CO. Their 12-unit apartment building offers below fair market value housing, ensuring that individuals in need have a safe and supportive place to live. Through their unique funding model that combines income from the apartments with charitable contributions, Bethel House Incorporated is able to sustain this critical service for the community.
This information is meant to be a general summary of Bethel House Incorporated. 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: $3,370
- Program Service Revenue: $66,086
- Gross Receipts: $69,456
Assets and Liabilities:
- Total Assets: $775,275
- Total Liabilities: $1,625
- Net Assets: $773,650
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
pop machine
rent payments received
Revenue
$66,086
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Organization Details
Founding Year
1988
Phone
(303) 819-9866Principal Officer
Frank Fredericks
Main Address
1910 S Locust St, Denver, CO, 80224
NTEE Category
Code: L80Z - Housing
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