Overview
What is Bridgewell Danvers Housing Corporation?
Bridgewell Danvers Housing Corporation, an affiliate of Bridgewell, Inc., is a dedicated nonprofit organization based in Danvers, Massachusetts. Their primary objective is to offer affordable housing solutions for individuals with disabilities. They accomplish this mission by managing a five-unit housing complex, funded through the HUD 811 program. This initiative provides a vital living space for those in need, contributing to their overall well-being and independence.
Official website here: www.bridgewell.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Bridgewell Danvers Housing Corporation has earned a Three-Star rating from Charity Navigator, reflecting a score of 76%. This score is primarily based on the organization’s accountability and finance metrics, which suggests a strong emphasis on responsible financial management and transparency. The charity received perfect scores for material diversion of assets, its conflict of interest policy, and other governance practices, indicating solid operational integrity.
The organization demonstrates a commendable program expense ratio of 89.81%, signifying that the majority of its expenditures are directed toward its programs rather than administrative costs. This high percentage is a positive indicator of the charity’s commitment to its mission and effective resource allocation. Additionally, the low liabilities to assets ratio of 50.88% suggests a stable financial position, which enhances the overall confidence in its sustainability.
However, while the financial practices appear robust, the nonprofit's overall score is solely derived from the accountability and finance beacon, which may limit insights into its impact and effectiveness in serving its community. Potential donors and supporters should consider this aspect when evaluating their contributions to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Bridgewell Danvers Housing Corporation legitimate?
Bridgewell Danvers Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgewell Danvers Housing Corporation 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: $0
For more financial information, click here
Official website here: www.bridgewell.org
What is the mission statement of Bridgewell Danvers Housing Corporation?
Bridgewell Danvers Housing Corporation, as a subsidiary of Bridgewell, Inc., is dedicated to providing low-income housing for individuals with disabilities. It fulfills this mission by owning and managing a five-unit housing complex in Danvers, Massachusetts, which is funded through the HUD 811 program. The organization's purpose is to offer a supportive living environment for those in need, promoting inclusivity and equal opportunities. By providing affordable housing, Bridgewell Danvers Housing Corporation aims to contribute to the well-being and independence of its residents.
Official website here: www.bridgewell.org
Who is the CEO of Bridgewell Danvers Housing Corporation?
Christopher Tuttle is the Ceo of Bridgewell Danvers Housing Corporation. The CEO's salary of Bridgewell Danvers Housing Corporation is $0 and their total compensation is $306,702.
Official website here: www.bridgewell.org
What is the revenue of Bridgewell Danvers Housing Corporation?
Bridgewell Danvers Housing Corporation's revenue in 2022 was $46,969.
Official website here: www.bridgewell.org
Who are the executives of Bridgewell Danvers Housing Corporation and what are their salaries?
There 3 volunteers at Bridgewell Danvers Housing Corporation.
Here are 7 key members and their salaries (Bridgewell Danvers Housing Corporation's CEO's salary is $0 and their total compensation is $306,702):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $63,916
- Other: $29,645
- Compensation: $0
- Related: $273,404
- Other: $33,298
- Compensation: $0
- Related: $195,526
- Other: $26,570
- Compensation: $0
- Related: $175,903
- Other: $26,282
Official website here: www.bridgewell.org
Where can I find the form 990 for Bridgewell Danvers Housing Corporation?
Bridgewell Danvers Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bridgewell.org
Learn more at the official website: www.bridgewell.org
Mission Statement of Bridgewell Danvers Housing Corporation
Bridgewell Danvers Housing Corporation, a subsidiary of Bridgewell, Inc., is committed to providing affordable housing for individuals with disabilities. With a mission deeply rooted in social responsibility, this organization operates a five-unit housing complex in Danvers, Massachusetts. Financed through the HUD 811 program, Bridgewell Danvers Housing Corporation ensures that those with disabilities have access to safe, comfortable, and low-income housing options. By providing such accommodations, the corporation plays a vital role in fostering independence and integration for individuals with disabilities within the broader community.
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Impact
August, 2024
Bridgewell Danvers Housing Corporation provides crucial support by offering low-income housing for individuals with disabilities. Through its five-unit housing complex in Danvers, Massachusetts, the organization plays a vital role in meeting the housing needs of this vulnerable population. The HUD 811 program financing demonstrates a commitment to ensuring affordable and accessible housing options for individuals with disabilities, enhancing their quality of life and promoting inclusivity in the community. Overall, Bridgewell Danvers Housing Corporation's impact is significant in addressing the housing challenges faced by individuals with disabilities in the region.
This information is meant to be a general summary of Bridgewell Danvers Housing Corporation. 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: $3
- Program Service Revenue: $19,332
- Gross Receipts: $46,969
Assets and Liabilities:
- Total Assets: $613,608
- Total Liabilities: $299,553
- Net Assets: $314,055
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$19,332
Organization Details
Founding Year
2009
Phone
(339) 883-2115Principal Officer
Christopher Tuttle
Main Address
10 DEARBORN ROAD, PEABODY, MA, 01960
Website
www.bridgewell.orgNTEE Category
Code: L20 - Housing
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