Overview
What is Bonifacio Place Inc?
Bonifacio Place Inc is a nonprofit organization situated in Berkeley, California, specifically at 2220 Oxford Street. The primary mission of this organization is to develop and manage affordable housing units, catering especially to individuals with physical disabilities who have low income levels. Their objective is to provide a living space that is both affordable and accessible, thus contributing positively to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating.
Bonifacio Place Inc has received a rating of 72%, indicating a moderate level of accountability and transparency. The organization excels in several areas, including having a fully independent board, with perfect scores for board member independence and size. They also demonstrate strong oversight practices with a conflict of interest and whistleblower policy in place, as well as documented board meeting minutes.
However, there are notable concerns regarding the organization's financial health, specifically illustrated by a liabilities to assets ratio of 133.06%, which raises questions about financial stability. While the program expense ratio is commendable at 94.22%, suggesting a strong commitment to programmatic spending, the overall financial indicators point to potential vulnerabilities that could impact sustainability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Bonifacio Place Inc legitimate?
Bonifacio Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bonifacio Place 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: $48,232
For more financial information, click here
What is the mission statement of Bonifacio Place Inc?
Bonifacio Place Inc's mission is centered around developing and managing affordable housing units. More specifically, the organization focuses on creating and managing affordable housing for individuals with physical disabilities who fall under the category of very low income earners. This mission is in line with its tax-exempt purpose, which is also dedicated to developing and operating such housing units for this specific group of individuals. The organization's goal is to contribute to the housing needs of these individuals, ensuring they have access to suitable living arrangements.
Who is the CEO of Bonifacio Place Inc?
Dan Sawislak is the Ceo of Bonifacio Place Inc. The CEO's salary of Bonifacio Place Inc is $0 and their total compensation is $250,048.
What is the revenue of Bonifacio Place Inc?
Bonifacio Place Inc's revenue in 2022 was $164,736.
Who are the executives of Bonifacio Place Inc and what are their salaries?
There 12 volunteers at Bonifacio Place Inc.
Here are 15 key members and their salaries (Bonifacio Place Inc's CEO's salary is $0 and their total compensation is $250,048):
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- Related: $201,369
- Other: $48,679
- Compensation: $0
- Related: $148,535
- Other: $40,167
Where can I find the form 990 for Bonifacio Place Inc?
Bonifacio Place Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bonifacio Place Inc
Bonifacio Place Inc is dedicated to carrying out a mission that involves the development and management of affordable housing units. More specifically, this nonprofit organization focuses on creating and managing affordable housing for individuals with physical disabilities who fall into the category of having very low income. This tax-exempt purpose serves to provide these individuals with a living space that is within their financial means, ensuring they have access to a secure and comfortable home. By undertaking this mission, Bonifacio Place Inc contributes to the overall well-being of its residents, enabling them to live independently and with dignity.
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Impact
October, 2024
Bonifacio Place Inc plays a crucial role in addressing the affordable housing crisis for very low-income individuals with physical disabilities in Berkeley, CA. By focusing on the development and management of affordable housing units, the organization provides vital support to a vulnerable population who often face significant barriers in accessing suitable living environments.
Through its mission, Bonifacio Place Inc helps create inclusive communities where individuals with disabilities can live independently and with dignity. The availability of affordable housing not only enhances their quality of life but also promotes social integration and reduces isolation. By ensuring that these housing units are designed to meet the specific needs of residents with physical disabilities, the organization fosters a sense of belonging and empowerment.
Furthermore, Bonifacio Place Inc contributes positively to the local economy by maintaining occupancy and creating construction and management jobs, thereby reinforcing the economic foundation of the community it serves. Overall, the organization’s efforts are pivotal in providing essential housing solutions that advocate for social equity and enhance the lives of individuals facing unique challenges.
This information is meant to be a general summary of Bonifacio Place 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: -$5,297
- Program Service Revenue: $54,768
- Gross Receipts: $170,087
Assets and Liabilities:
- Total Assets: $1,255,142
- Total Liabilities: $1,572,035
- Net Assets: -$316,893
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$53,131
OTHER INCOME
Revenue
$1,637
Organization Details
Founding Year
1999
Phone
(510) 841-4410Principal Officer
Dan Sawislak
Main Address
2220 OXFORD STREET, BERKELEY, CA, 94704
NTEE Category
Code: T20 - Philanthropy
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