Overview
What is Bryant Arms?
Bryant Arms, doing business as Richard Allen Apts and managed by Schoedel & Schoedel CPA's, is a nonprofit organization situated in Spokane, Washington. Their primary focus is on providing low-income housing accommodation for both elderly individuals and families. They adhere to the guidelines set by HUD, ensuring affordable living options are accessible to those in need. The organization's mission is geared towards maintaining compliance with these guidelines while offering a welcoming residential environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
Bryant Arms Dba Richard Allen Apts C/O Schoedel & Schoedel Cpa's has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. The overall score of 67% reflects a solid performance in some financial aspects but reveals deficiencies in transparency and governance practices. Notably, the organization benefits from a fully independent board, which is a positive indicator of governance quality.
While the nonprofit has achieved a perfect score in program expense ratio, indicating that all expenses are directed towards its programs, it faces challenges with its liabilities to assets ratio, which is quite high at 97.12%. This suggests a potential financial risk that could impact future operations. Additionally, several key policy disclosures, including conflict of interest and whistleblower policies, are missing, which raises concerns about accountability and ethical governance practices.
The organization has documented board meeting minutes, which is a positive sign for transparency. However, the absence of essential documents on its website, such as tax forms and retention policies, detracts from its overall accountability. To enhance its rating and operational effectiveness, the organization should focus on improving its financial health and establishing comprehensive governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Bryant Arms legitimate?
Bryant Arms is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bryant Arms 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: $49,156
For more financial information, click here
What is the mission statement of Bryant Arms?
Bryant Arms, doing business as Richard Allen Apts, has a mission to provide low-income housing. This organization specifically caters to elderly individuals and families, ensuring they offer affordable accommodation that adheres to the guidelines set by HUD. Their primary goal is to make housing accessible for those with limited financial resources, contributing positively to their community.
Who is the CEO of Bryant Arms?
Mary Langford is the Director of Bryant Arms.
What is the revenue of Bryant Arms?
Bryant Arms's revenue in 2022 was $538,485.
Who are the executives of Bryant Arms and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Bryant Arms?
Bryant Arms's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bryant Arms
Bryant Arms Dba Richard Allen Apts, a nonprofit organization, is dedicated to providing low-income housing for elderly individuals and families. Located in an unspecified location, this organization adheres to HUD guidelines, ensuring that it offers affordable accommodation to those in need. Its primary mission is to serve the community by offering a safe and affordable living space for its residents. By doing so, Bryant Arms Dba Richard Allen Apts contributes to the well-being of its community by providing a necessary service, enabling elderly individuals and families to maintain a dignified living standard.
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Impact
July, 2024
The impact of Bryant Arms Dba Richard Allen Apts C/O Schoedel & Schoedel Cpa's, which provides low-income housing for elderly individuals and families in Spokane, WA, is significant in addressing the critical need for affordable accommodation in the community. By offering housing that complies with HUD guidelines, the organization plays a crucial role in providing a safe and stable living environment for vulnerable populations who may struggle to afford housing options in the area. This contributes to enhanced quality of life, improved well-being, and greater financial stability for those served by the organization. Overall, Bryant Arms Dba Richard Allen Apts C/O Schoedel & Schoedel Cpa's makes a positive impact by helping to address the issue of affordable housing and supporting the community's most vulnerable members.
This information is meant to be a general summary of Bryant Arms. 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: $138
- Program Service Revenue: $210,141
- Gross Receipts: $538,485
Assets and Liabilities:
- Total Assets: $585,059
- Total Liabilities: $568,210
- Net Assets: $16,849
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$200,535
LAUNDRY AND TENANT CHA
Revenue
$9,606
Organization Details
Founding Year
1987
Phone
(509) 838-6541Principal Officer
Mary Langford
Main Address
422 W RIVERSIDE 1420, SPOKANE, WA, 99201
NTEE Category
Code: L200 - Housing
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