Overview
What is Bear Creek Development Center Inc?
Bear Creek Development Center Inc, affiliated with Bear Creek Christian Church, is a dedicated nonprofit organization situated in Rochester, Minnesota. Their primary mission is to provide and manage affordable housing, while also fostering educational excellence in the local community. In 2022, they successfully rented 17 studio apartments at low cost, offering mentoring support to individuals below the 50% Area Median Income and often with past chemical dependency issues. They engaged with 190 people through various outreach events, aiming to strengthen community and promote health. Two units were utilized to house newly arrived refugees through Catholic Charities. Moreover, Bear Creek Development Center regularly engaged with staff and residents through meetings and campus activities, and began converting a former shop into six studio apartments for veterans. Overall, the organization is committed to delivering innovative and holistic solutions for affordable housing in the Rochester MN area.
Official website here: www.bcdcrochester.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
Bear Creek Development Center Inc has received a Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance measures. This rating is based entirely on its financial practices, which indicates a commitment to transparency and responsible management of resources. The organization scored particularly well in several areas, including having a fully independent board and maintaining comprehensive policies for conflict of interest and whistleblower protections.
The center's financial health is noteworthy, with a high program expense ratio of 92.83%, suggesting that a significant portion of its expenditures is directed towards its mission-related activities. Additionally, it has demonstrated effective oversight with a dedicated audit committee and no reported material diversion of assets, emphasizing fiscal integrity.
However, the organization has a liabilities to assets ratio of 59.94%, which may warrant attention as it suggests a moderate level of financial risk. While still maintaining solid financial practices, this ratio could indicate potential challenges in covering its obligations. Overall, Bear Creek Development Center Inc appears to be a well-managed nonprofit with a strong focus on accountability and programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is Bear Creek Development Center Inc legitimate?
Bear Creek Development Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bear Creek Development Center 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: $14,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $79,998
For more financial information, click here
Official website here: www.bcdcrochester.org
What is the mission statement of Bear Creek Development Center Inc?
The Bear Creek Development Center Inc, founded by Bear Creek Christian Church, is committed to developing innovative, holistic, and genuinely affordable housing solutions for families and individuals in need. Their mission is to serve as a developer, manager, and leader in providing truly affordable housing, while also fostering educational excellence and promoting cost-effective housing development. In 2022, they successfully rented 17 studio apartments at low costs for individuals below 50% of the area median income, often with a history of chemical dependency. They also reached out to 190 people through various events, providing support for sobriety and health. Additionally, they collaborated with Catholic Charities to house newly arriving refugees in two units. Regular meetings with staff and residents were held, and work began on converting a former shop into six studio apartments for veterans.
Official website here: www.bcdcrochester.org
Who is the CEO of Bear Creek Development Center Inc?
Jeffrey Urban is the Chair of Bear Creek Development Center Inc.
Official website here: www.bcdcrochester.org
What is the revenue of Bear Creek Development Center Inc?
Bear Creek Development Center Inc's revenue in 2022 was $1,123,187.
Official website here: www.bcdcrochester.org
Who are the executives of Bear Creek Development Center Inc and what are their salaries?
The average compensation at Bear Creek Development Center Inc during 2022 was $15,666. There are 6 employees and 46 volunteers at Bear Creek Development Center Inc.
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- Related: $14,000
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Official website here: www.bcdcrochester.org
Where can I find the form 990 for Bear Creek Development Center Inc?
Bear Creek Development Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bcdcrochester.org
Learn more at the official website: www.bcdcrochester.org
Mission Statement of Bear Creek Development Center Inc
Bear Creek Development Center, initiated by Bear Creek Christian Church, is committed to developing innovative, holistic, and genuinely affordable housing solutions for families and individuals in various circumstances. The organization serves as a developer, manager, and leader in this area, aiming to provide a partner for educational excellence and a catalyst for cost-effective housing development.
The mission of Bear Creek Development Center is to prioritize affordability and support for vulnerable populations. They strive to offer housing options to individuals below 50% of the area median income and often with histories of chemical dependency. Additionally, the center engages in outreach events to build community and encourage healthy living. Furthermore, the organization collaborates with organizations like Catholic Charities to provide housing for newly arriving refugees.
Bear Creek Development Center believes in the power of community and regular interaction. They hold numerous meetings with staff and residents to foster a sense of unity and mutual support. In 2022, they began renovating the "Pentagon House," a former shop and storage area, to create six studio apartments for veterans in need of assistance to rebuild their lives. The organization's mission is a testament to their dedication to providing affordable housing and supporting the well-being of their residents.
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Impact
July, 2024
Bear Creek Development Center Inc's impact in the Rochester, MN area includes providing truly affordable housing solutions to individuals and families in need. In 2022, the organization successfully rented out 17 studio apartments at low costs, offering mentoring support to individuals below 50% AMI and those with a history of chemical dependency. Additionally, Bear Creek Development Center reached 190 people through outreach events, fostering community and promoting sobriety and health. The organization also allocated 2 units to house newly arriving refugees through Catholic Charities, showcasing their commitment to helping diverse populations. By engaging in regular meetings with staff and residents, as well as initiating projects like the "Pentagon House" for veterans, Bear Creek Development Center Inc serves as a catalyst for cost-effective housing development and educational excellence in the community.
This information is meant to be a general summary of Bear Creek Development Center 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: $1,537
- Program Service Revenue: $909,133
- Gross Receipts: $1,123,187
Assets and Liabilities:
- Total Assets: $7,189,934
- Total Liabilities: $4,338,670
- Net Assets: $2,851,264
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Rent Revenue
Revenue
$886,149
Rental Related Revenue
Revenue
$22,984
Organization Details
Founding Year
2019
Phone
(507) 258-4992Principal Officer
Jeffrey Urban
Main Address
1765 Restoration Rd SW, Rochester, MN, 55902
Website
www.bcdcrochester.orgIf you are a representative of Bear Creek Development Center Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.