Overview
What is Eastbay Senior Housing?
Eastbay Senior Housing is a committed nonprofit organization situated in Edgewater, Colorado. Their primary mission is to provide affordable housing options for the elderly within the local community. By offering such accommodations, they aim to contribute positively to the overall well-being of senior citizens, ensuring they can maintain an independent and dignified lifestyle. The organization's activities are centered around affordable senior housing, demonstrating their dedication to making a difference in the lives of older residents in the area.
Official website here: www.brothersredevelopment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
Eastbay Senior Housing has achieved a notable Three-Star rating from Charity Navigator, reflecting a solid performance in the area of Accountability & Finance with a score of 88%. This rating indicates that the organization demonstrates a good level of financial health and responsible governance practices. Key strengths include having an entirely independent board, comprehensive financial audits, and adherence to conflict of interest and whistleblower policies.
The organization excels in its commitment to financial transparency, as evidenced by its high scores in metrics such as program expense ratio (72.04%) and a low liabilities to assets ratio (32.15%). These figures suggest that a significant portion of its budget is directed towards its programs, which is a positive indicator of its operational efficiency and mission focus.
However, it is worth noting that while Eastbay Senior Housing scored well in many areas, it is missing a whistleblower policy. This oversight could pose a potential risk regarding internal accountability, though it does not significantly detract from its overall strong governance framework. Overall, Eastbay Senior Housing demonstrates a commitment to financial responsibility and governance, making it a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Eastbay Senior Housing legitimate?
Eastbay Senior Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastbay Senior Housing 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:
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Other Salaries and Wages: $113,923
For more financial information, click here
Official website here: www.brothersredevelopment.org
What is the mission statement of Eastbay Senior Housing?
Eastbay Senior Housing serves as an affordable housing provider for the wider community, specifically catering to senior citizens. Their mission is to make senior living more accessible and affordable for individuals in need. By offering affordable housing options, Eastbay Senior Housing aims to contribute to the well-being of seniors and enhance their quality of life. The organization strives to be a reliable resource for the general community, providing senior housing at reasonable prices.
Official website here: www.brothersredevelopment.org
Who is the CEO of Eastbay Senior Housing?
Jeff Martinez is the Chairman of Eastbay Senior Housing.
Official website here: www.brothersredevelopment.org
What is the revenue of Eastbay Senior Housing?
Eastbay Senior Housing's revenue in 2022 was $663,948.
Official website here: www.brothersredevelopment.org
Who are the executives of Eastbay Senior Housing and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.brothersredevelopment.org
Where can I find the form 990 for Eastbay Senior Housing?
Eastbay Senior Housing'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 Eastbay Senior Housing
Eastbay Senior Housing, as its name suggests, is a committed provider of affordable housing for the senior community. Its mission is to serve the general public by offering senior housing at affordable prices. This nonprofit organization strives to make a significant impact by ensuring that elderly individuals have access to housing that fits their budgets. By providing affordable senior housing, Eastbay Senior Housing contributes to the well-being and independence of seniors, enabling them to maintain a dignified and comfortable living environment.
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Impact
July, 2024
Eastbay Senior Housing provides affordable senior housing in Edgewater, Colorado, making a significant impact on the community by offering a vital resource for seniors in need of affordable housing options. Their mission to provide affordable senior housing contributes to the well-being and quality of life of seniors in the area, ensuring they have a safe and comfortable place to call home. Their work helps address the pressing need for affordable housing for seniors, ultimately supporting the community's senior population and promoting overall social welfare.
This information is meant to be a general summary of Eastbay Senior Housing. 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: $942
- Program Service Revenue: $350,081
- Gross Receipts: $663,948
Assets and Liabilities:
- Total Assets: $1,935,293
- Total Liabilities: $482,831
- Net Assets: $1,452,462
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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
$350,081
Organization Details
Founding Year
1996
Phone
(303) 202-6340Principal Officer
Jeff Martinez
Main Address
2250 EATON ST, EDGEWATER, CO, 80214
NTEE Category
Code: L22 - Housing
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