Overview
What is Bma Inc?
Bma Inc is a nonprofit organization, specifically established to acquire and manage a 20-unit apartment complex. Their primary mission is to provide affordable housing solutions for lower-income families and individuals, located at 4150 S Moody Avenue, Portland, OR 97239. This housing complex serves as a vital resource for those in need, contributing to the community's social welfare and housing stability.
Official website here: www.reachcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Bma Inc has achieved an impressive score of 97%, which reflects a strong commitment to accountability and finance. This score is derived entirely from a single beacon score focusing on these aspects. A notable strength of the organization is its governance structure, featuring a fully independent board with 15 members, demonstrating a dedication to ethical management and oversight.
The organization has also reported no material diversion of assets, ensuring that funds are used effectively for its intended purposes. Additionally, Bma Inc has implemented key policies, including a conflict of interest policy and a whistleblower policy, further enhancing its operational transparency. Its program expense ratio of 84.94% indicates that a significant portion of its resources is directed towards its programs, which is a positive indicator of its efficiency.
While the data highlights many strengths, it does not provide detailed insights into the specific programs or the impact of their initiatives. However, the overall statistics suggest a well-managed organization that prioritizes accountability and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Bma Inc legitimate?
Bma Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bma 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,304
For more financial information, click here
Official website here: www.reachcdc.org
What is the mission statement of Bma Inc?
Bma Inc, as an organization, is committed to acquiring and operating a 20-unit apartment complex primarily for the benefit of lower-income families and individuals. This initiative, known as Beacon Manor Apartments, aims to provide affordable housing, contributing to the well-being of those who may otherwise face housing challenges. The organization's mission is centered around providing a viable living solution for this specific demographic.
Official website here: www.reachcdc.org
Who is the CEO of Bma Inc?
Margaret Salazar is the Principal Officer of Bma Inc. The CEO's salary of Bma Inc is $0 and their total compensation is $207,354.
Official website here: www.reachcdc.org
What is the revenue of Bma Inc?
Bma Inc's revenue in 2022 was $199,018.
Official website here: www.reachcdc.org
Who are the executives of Bma Inc and what are their salaries?
There 15 volunteers at Bma Inc.
Here are 18 key members and their salaries (Bma Inc's CEO's salary is $0 and their total compensation is $207,354):
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- Related: $179,433
- Other: $27,921
- Compensation: $0
- Related: $195,408
- Other: $150,183
Official website here: www.reachcdc.org
Where can I find the form 990 for Bma Inc?
Bma Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reachcdc.org
Learn more at the official website: www.reachcdc.org
Mission Statement of Bma Inc
Bma Inc, a nonprofit organization, is established with a mission to acquire and operate a 20-unit apartment complex. This mission is centered around providing affordable housing for lower-income families and individuals. By forming Beacon Manor Apartments, Bma Inc aims to make a significant impact in the housing market, ensuring that those with limited financial resources have access to a safe and comfortable living space. This mission underscores Bma Inc's commitment to social responsibility and community empowerment.
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Impact
October, 2024
Bma Inc plays a crucial role in enhancing the living conditions of lower-income families and individuals in Portland, Oregon, through its management of the Beacon Manor Apartments. By acquiring and operating this 20-unit apartment complex, Bma Inc provides affordable housing options that alleviate the challenges faced by those struggling to find safe and stable residences.
The impact of Bma Inc extends beyond mere housing; it fosters a sense of community and stability among its residents. Affordable housing enables individuals and families to allocate their resources towards education, healthcare, and other essential needs, ultimately promoting economic mobility. Furthermore, by ensuring that lower-income residents have access to well-maintained living spaces, Bma Inc contributes to the overall social fabric of Portland, helping to combat issues related to homelessness and housing insecurity.
In summary, Bma Inc's commitment to affordable housing through the Beacon Manor Apartments significantly improves the lives of vulnerable populations in the area, supporting their journey toward a better quality of life.
This information is meant to be a general summary of Bma 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: $1,134
- Program Service Revenue: $67,287
- Gross Receipts: $199,018
Assets and Liabilities:
- Total Assets: $814,806
- Total Liabilities: $28,583
- Net Assets: $786,223
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$50,953
MISC REVENUE
Revenue
$10,343
TENANT CHARGES
Revenue
$5,264
LAUNDRY & VENDING
Revenue
$727
Organization Details
Founding Year
1996
Phone
(503) 231-0682Principal Officer
Margaret Salazar
Main Address
4150 S MOODY AVENUE, PORTLAND, OR, 97239
Website
www.reachcdc.orgNTEE Category
Code: L50 - Housing
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