Overview
What is Bienestar?
Bienestar is a nonprofit organization headquartered in Hillsboro, Oregon. They are dedicated to building and managing multi-family housing projects, providing safe and affordable homes for low-wage working families and seniors. Their mission encompasses more than just housing, as they also offer resident services programs. The organization has a team of 28 employees, and their initiatives extend beyond just construction and development, ensuring ongoing oversight and management of new projects.
Official website here: www.bienestar-or.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Bienestar has received a remarkable Four-Star rating from Charity Navigator, reflecting its outstanding commitment to accountability and finance. The organization scored a perfect 100% in all evaluated areas, indicating a high level of transparency and responsible fiscal management. The majority of board members are independent, which strengthens governance practices and enhances trust among stakeholders.
In terms of operational integrity, Bienestar showcases a robust financial structure, evidenced by a low liabilities-to-assets ratio of 30.32% and an impressive program expense ratio of 95.31%. This suggests that the organization is utilizing the vast majority of its funds towards its programs rather than administrative costs, ensuring that contributions are effectively supporting its mission.
While the data portrays a highly competent organization, it is crucial for potential donors and beneficiaries to consider ongoing performance and impact assessments. Continuous evaluation is essential for any nonprofit to maintain its standards and ensure that it is meeting the needs of the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Bienestar legitimate?
Bienestar is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bienestar 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: $122,004
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,940,471
For more financial information, click here
Official website here: www.bienestar-or.org
What is the mission statement of Bienestar?
Bienestar is an organization dedicated to constructing and managing multi-family housing projects. Their primary goal is to offer safe and affordable living spaces for low-wage working families and seniors. By providing these essential housing solutions, Bienestar aims to improve the lives of its residents and ensure they have access to necessary support programs. Through the operation of these housing projects, Bienestar offers development, construction oversight, and management services for new projects, expanding the availability of housing for those in need.
Official website here: www.bienestar-or.org
Who is the CEO of Bienestar?
Nathan Teske is the President of Bienestar.
Official website here: www.bienestar-or.org
What is the revenue of Bienestar?
Bienestar's revenue in 2022 was $12,931,239.
Official website here: www.bienestar-or.org
Who are the executives of Bienestar and what are their salaries?
The average compensation at Bienestar during 2022 was $73,660. There are 28 employees and 15 volunteers at Bienestar.
Here are 15 key members and their salaries:
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- Compensation: $122,004
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Official website here: www.bienestar-or.org
Where can I find the form 990 for Bienestar?
Bienestar's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bienestar-or.org
Learn more at the official website: www.bienestar-or.org
Mission Statement of Bienestar
Bienestar, a nonprofit organization, is committed to building and operating multi-family housing projects that ensure the provision of safe, affordable housing for low-wage working families and seniors. The mission of Bienestar is twofold: firstly, to construct and manage housing projects, and secondly, to offer resident services programs. The organization's primary goal is to create a shelter where families and seniors can call home, free from financial worries and insecurity.
Bienestar's initiatives extend beyond simply providing housing. They also oversee the development and construction of new projects, ensuring that they will add to the existing inventory of affordable housing. In doing so, they contribute to the creation of thriving communities where families and seniors can build a better future for themselves. The organization's commitment to its residents goes beyond the physical structure of their homes. It also includes the provision of essential services, essential for their overall well-being.
By focusing on the needs of low-wage working families and seniors, Bienestar plays a crucial role in addressing the housing crisis faced by these populations. The organization's mission is not just about housing but also about creating stable living environments that enable individuals and families to build a foundation for a better future. Their efforts provide a valuable safety net, allowing those who might otherwise struggle to find affordable housing to have a chance at a more secure existence.
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Impact
October, 2024
Bienestar has a significant impact on the community by providing safe and affordable housing options for low-wage working families and seniors. Through its development and management of multi-family housing projects, it addresses pressing housing challenges in Hillsboro, Oregon. The organization not only builds and operates these housing units but also integrates resident services programs, ensuring that families and seniors have the support they need for a stable and nurturing environment.
By focusing on both seasonal and year-round housing solutions, Bienestar plays a crucial role in enhancing the quality of life for vulnerable populations, helping them achieve housing stability and improve their overall well-being. The oversight and management of construction for new projects further contribute to expanding housing availability, making a lasting difference in the lives of those it serves.
This information is meant to be a general summary of Bienestar. 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: $110,068
- Program Service Revenue: $6,931,561
- Gross Receipts: $12,931,239
Assets and Liabilities:
- Total Assets: $43,787,145
- Total Liabilities: $13,279,469
- Net Assets: $30,507,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,363,928
DEVELOPER FEE INCOME
Revenue
$2,512,493
RESIDENT SERVICES INCOME
Revenue
$55,140
Organization Details
Founding Year
1981
Phone
(503) 693-2937Principal Officer
Nathan Teske
Main Address
PO BOX 665, HILLSBORO, OR, 97123
Website
www.bienestar-or.orgNTEE Category
Code: L200 - Housing
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