Overview
What is Bellwether Housing?
Bellwether Housing is a nonprofit organization dedicated to fostering thriving communities by providing affordable housing for people with limited incomes. Their mission envisions diverse communities where individuals from all backgrounds have access to regional opportunities and prosperity. Bellwether Housing develops and manages homes for low-income working people, their families, and independent seniors, prioritizing locations near job centers, transit, and essential services. They amplify their impact by collaborating with other organizations in the Puget Sound region to do the same.
Official website here: www.bellwetherhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
Bellwether Housing has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The high score is based solely on the Accountability & Finance beacon, indicating that the organization maintains rigorous oversight and transparency in its operations. Notably, Bellwether has an independent board comprised entirely of independent members, which enhances its governance quality.
User feedback highlights the positive impact Bellwether Housing has on individual lives. A satisfied client shared their long-term experience living in a Bellwether apartment, praising the organization for its life-improving efforts. This personal endorsement underscores the nonprofit's effectiveness in providing housing solutions that contribute to clients' well-being.
While the overall financial health appears strong, one area for potential improvement could be the liabilities to assets ratio, which stands at 57.83%. Maintaining a balanced ratio can be crucial for long-term sustainability, but the organization currently demonstrates a robust program expense ratio of 83.67%, indicating that a significant portion of funds is allocated directly to programs.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Bellwether Housing legitimate?
Bellwether Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bellwether 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:
Executive Compensation: $1,268,106
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,782,715
For more financial information, click here
Official website here: www.bellwetherhousing.org
What is the mission statement of Bellwether Housing?
Bellwether Housing is dedicated to building diverse communities where individuals from all income backgrounds have the opportunity to prosper. Through the development and management of affordable housing units, Bellwether Housing aims to create stable communities and provide access to opportunities for those with limited incomes. By serving low-income working people, their families, and independent seniors, Bellwether Housing amplifies its impact by supporting other organizations in their mission to provide affordable housing in the Puget Sound region.
Official website here: www.bellwetherhousing.org
Who is the CEO of Bellwether Housing?
Susan Boyd is the CEO of Bellwether Housing The CEO's salary of Bellwether Housing is $302,215 and their total compensation is $334,071.
Official website here: www.bellwetherhousing.org
What is the revenue of Bellwether Housing?
Bellwether Housing's revenue in 2023 was $49,789,985.
Official website here: www.bellwetherhousing.org
Who are the executives of Bellwether Housing and what are their salaries?
The average compensation at Bellwether Housing during 2023 was $48,789. There are 247 employees at Bellwether Housing.
Here are 34 key members and their salaries (Bellwether Housing's CEO's salary is $302,215 and their total compensation is $334,071):
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- Compensation: $302,215
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- Other: $31,856
- Compensation: $184,401
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- Other: $30,350
- Compensation: $99,231
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- Other: $28,247
- Compensation: $182,082
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- Other: $840
- Compensation: $166,481
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- Other: $18,322
- Compensation: $166,158
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- Other: $13,384
- Compensation: $156,000
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- Other: $35,953
- Compensation: $147,516
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- Other: $28,444
- Compensation: $144,277
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- Other: $27,811
- Compensation: $138,323
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- Compensation: $138,274
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- Compensation: $135,295
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- Compensation: $119,382
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- Compensation: $112,073
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- Other: $9,853
- Compensation: $105,660
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- Other: $13,635
Official website here: www.bellwetherhousing.org
Where can I find the form 990 for Bellwether Housing?
Bellwether Housing's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bellwetherhousing.org
Learn more at the official website: www.bellwetherhousing.org
Mission Statement of Bellwether Housing
Bellwether Housing, a renowned nonprofit organization, focuses on enhancing community stability and providing opportunities through the development and management of affordable housing. By creating housing affordability, this organization enables people of limited incomes, including low-income working families and independent seniors, to thrive. Bellwether Housing's mission is multifaceted; it aims to build vibrant communities where everyone, regardless of income or background, can share in the prosperity of their region.
To achieve this noble goal, Bellwether Housing strategically places their homes near job centers, transit, and essential services. Their efforts amplify beyond their own properties, as they collaborate with other organizations in the Puget Sound region to help them replicate this mission. In this way, Bellwether Housing not only improves the lives of those they directly serve but also contributes to the overall community development and social equality.
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Impact
October, 2024
Bellwether Housing significantly impacts communities by creating affordable housing options that foster stability and access to opportunities for individuals and families across diverse backgrounds. By developing and managing homes near vital job centers, public transit, and essential services, they ensure that low-income working individuals and senior citizens have a place to live that supports their economic well-being.
Their focus on housing affordability is crucial, as it empowers residents to thrive, contributing to the overall prosperity of the region. Additionally, Bellwether Housing enhances its impact by collaborating with other organizations in the Puget Sound area, promoting a collective approach to affordable housing development and community enrichment. This strategy not only helps address the immediate housing needs but also supports the broader vision of inclusive and diverse communities.
This information is meant to be a general summary of Bellwether 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 2023.
- Investment Income: $1,118,637
- Program Service Revenue: $40,844,870
- Gross Receipts: $49,904,495
Assets and Liabilities:
- Total Assets: $381,603,055
- Total Liabilities: $269,084,897
- Net Assets: $112,518,158
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OPERATIONS
Revenue
$23,483,647
DEVELOPMENT FEES
Revenue
$6,763,092
PROPERTY MANAGEMENT
Revenue
$2,707,925
INTEREST ON ADVANCES
Revenue
$2,486,946
CONSULTING FEES
Revenue
$605,365
Organization Details
Founding Year
1980
Principal Officer
Susan Boyd
Website
www.bellwetherhousing.orgNTEE Category
Code: L21 - Housing
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