Overview
What is Housing Resources Bainbridge?
Housing Resources Bainbridge (HRB) is a nonprofit organization situated in Bainbridge Island, Washington. With a mission to preserve the community's diversity and vitality, HRB provides and maintains affordable housing opportunities for low-income and moderate-income families and individuals. They manage seven of their own residential properties and are a key partner in Winslow Terrace LLC, which owns an additional property, totalling 90 rental units. The organization's activities are centered around developing housing and offering related services, all in an effort to create a diverse community where housing is accessible to all. HRB employs 17 individuals in pursuit of this mission.
Official website here: www.housingresourcesbi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Stars)
Housing Resources Bainbridge received a 69% rating from Charity Navigator, indicating a need for improvement in certain accountability and finance practices. While the organization shows strong performance in areas such as independent board composition and financial ratios, it lacks policies related to conflict of interest, whistleblower protections, and document retention, which are critical for fostering transparency and accountability.
The organization excels in maintaining an independent board and demonstrates effective program expenses, with 80.09% of its budget directed towards program services. This suggests a commitment to its mission of providing housing resources, which is a significant strength. However, the absence of essential governance policies raises concerns regarding the overall operational integrity and risk management.
While the charity has established a solid foundation in terms of board independence and financial management, the noted limitations in governance policies may impact donor confidence and the organization's long-term sustainability. Addressing these gaps could enhance its rating and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Housing Resources Bainbridge?
Although Housing Resources Bainbridge currently has limited reviews, the enthusiasm from users is palpable. One reviewer expressed immense happiness for the opportunity to purchase their own home, indicating a positive experience with the nonprofit's services.
The sentiment surrounding this organization suggests that it effectively supports individuals in achieving their homeownership goals. Their commitment to helping clients navigate the housing market seems to resonate well with those they assist.
Overall, it appears that Housing Resources Bainbridge is making a meaningful impact in the community by empowering individuals with the resources they need to attain their housing aspirations.
This AI summary has been generated from reviews found on Facebook.
Is Housing Resources Bainbridge legitimate?
Housing Resources Bainbridge is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Resources Bainbridge 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: $736,057
For more financial information, click here
Official website here: www.housingresourcesbi.org
What is the mission statement of Housing Resources Bainbridge?
Housing Resources Bainbridge, as an organization, aims to preserve the diversity and vitality of communities by offering and maintaining affordable housing options. Their vision is to establish a society where housing is accessible to individuals and families of various income levels. To achieve this, they actively develop housing and provide related services to low-income and moderate-income families and individuals. The primary goal is to ensure that a diverse community thrives, providing an affordable living environment for all its members.
Official website here: www.housingresourcesbi.org
Who is the CEO of Housing Resources Bainbridge?
Phedra Elliott is the Director of Housing Resources Bainbridge.
Official website here: www.housingresourcesbi.org
What is the revenue of Housing Resources Bainbridge?
Housing Resources Bainbridge's revenue in 2022 was $2,544,768.
Official website here: www.housingresourcesbi.org
Who are the executives of Housing Resources Bainbridge and what are their salaries?
The average compensation at Housing Resources Bainbridge during 2022 was $43,297. There are 17 employees at Housing Resources Bainbridge.
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Official website here: www.housingresourcesbi.org
Where can I find the form 990 for Housing Resources Bainbridge?
Housing Resources Bainbridge's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingresourcesbi.org
Learn more at the official website: www.housingresourcesbi.org
Mission Statement of Housing Resources Bainbridge
Housing Resources Bainbridge (HRB) is committed to preserving the diversity and vitality of its community by ensuring the availability of affordable housing options. This nonprofit organization envisions a community where homes are accessible to individuals and families across various income levels. To realize this vision, HRB actively develops housing and provides related services for low-income and moderate-income families and individuals. By doing so, HRB strives to foster a diverse community where everyone can call home.
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Impact
July, 2024
Housing Resources Bainbridge plays a crucial role in preserving the diversity and vitality of Bainbridge Island by providing and maintaining affordable housing opportunities in the community. Through owning and managing multiple rental properties, HRB offers a total of 90 units of affordable housing, making a significant impact on low-income and moderate-income families and individuals on the island. By ensuring that there are homes affordable to all, HRB contributes to creating a more inclusive and equitable community where everyone has access to safe and affordable housing options.
This information is meant to be a general summary of Housing Resources Bainbridge. 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: $17,395
- Program Service Revenue: $685,022
- Gross Receipts: $2,555,710
Assets and Liabilities:
- Total Assets: $9,333,044
- Total Liabilities: $1,264,631
- Net Assets: $8,068,413
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$592,048
Homeownership support
Revenue
$92,974
Organization Details
Founding Year
1989
Phone
(206) 842-1909Principal Officer
Phedra Elliott
Main Address
PO Box 11391, Bainbridge Island, WA, 98110
Website
www.housingresourcesbi.orgNTEE Category
Code: L82Z - Housing
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