Overview
What is Beth Eden Housing Development?
Beth Eden Housing Development is a nonprofit organization situated in Oakland, California, specifically at 1100 Market Street, ZIP code 94607. The primary focus of this corporation is to provide housing for senior citizens, adhering to Section 236 of the National Housing Act. This act is a federal program aimed at promoting affordable housing opportunities. The Beth Eden Housing Development operates a 54-unit apartment complex, serving as a home for many senior citizens in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (64%, Two-Star out of Four Star rating)
Beth Eden Housing Development is currently rated as needing improvement, reflecting a score of 64% with a two-star rating. The organization excels in accountability and finance, earning a perfect score in categories such as financial statements and material diversion of assets. However, it struggles significantly with governance, indicated by the absence of independent board members and the lack of online access to important documents like its tax form.
The strengths of Beth Eden Housing Development lie in its commitment to financial oversight and transparency in financial operations. While it maintains solid program expenses, which account for approximately 86.63% of its total expenditures, the high liabilities to assets ratio at 269.89% raises concerns about its financial health. This indicates potential difficulties in meeting obligations, which could impact the organization’s long-term sustainability.
Moreover, while the organization has implemented several key policies, including conflict of interest and whistleblower protections, the lack of independent board members suggests potential governance issues. Overall, while Beth Eden Housing Development demonstrates financial responsibility in certain areas, significant improvements in governance and transparency are necessary to enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Beth Eden Housing Development legitimate?
Beth Eden Housing Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beth Eden Housing Development 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: $255,988
For more financial information, click here
What is the mission statement of Beth Eden Housing Development?
Beth Eden Housing Development's mission is centered around providing housing primarily for senior citizens. This is accomplished through the operation of a 54-unit apartment complex, in accordance with Section 236 of the National Housing Act. The corporation's goal is to ensure these elderly residents have access to suitable housing, contributing to their well-being and comfort during their later years. By operating within the guidelines of the National Housing Act, Beth Eden Housing Development plays a vital role in addressing the housing needs of senior citizens, providing them with a secure living environment.
What is the revenue of Beth Eden Housing Development?
Beth Eden Housing Development's revenue in 2023 was $1,413,107.
Who are the executives of Beth Eden Housing Development and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Beth Eden Housing Development?
Beth Eden Housing Development's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Beth Eden Housing Development
Beth Eden Housing Development is an organization dedicated to providing housing primarily for senior citizens. It operates a 54-unit apartment complex, and this commitment is in line with Section 236 of the National Housing Act. This act is a significant legislative measure aimed at ensuring affordable housing opportunities for various groups, including senior citizens. By operating under this act, Beth Eden Housing Development is contributing to the broader objective of providing safe, secure, and affordable living spaces for seniors, thereby enhancing their quality of life.
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Impact
July, 2024
Beth Eden Housing Development's impact can be seen in the provision of affordable housing primarily to senior citizens in Oakland, California. By operating a 54-unit apartment complex under Section 236 of the National Housing Act, the organization plays a crucial role in addressing the housing needs of vulnerable members of the community. This initiative not only ensures a safe and comfortable living environment for seniors but also contributes to fostering a sense of community and well-being among residents. Overall, Beth Eden Housing Development's efforts have a direct and positive impact on the quality of life for seniors in Oakland.
This information is meant to be a general summary of Beth Eden Housing Development. 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: $1,903
- Program Service Revenue: $1,411,204
- Gross Receipts: $1,413,107
Assets and Liabilities:
- Total Assets: $1,874,254
- Total Liabilities: $5,287,604
- Net Assets: -$3,413,350
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,321,821
SOCIAL SERVICE GRAN
Revenue
$89,383
Organization Details
Founding Year
1970
Principal Officer
William T Booker
NTEE Category
Code: L21Z - Housing
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