Overview
What is Burbank Housing Corporation?
Burbank Housing Corporation is a nonprofit organization situated in Burbank, California. Its primary mission is to transform dilapidated buildings into safe, attractive, and affordable housing units for individuals and families with modest income levels. The corporation collaborates with the city to acquire these properties and offers affordable housing options. Additionally, the organization provides community and family support services to the residents of Burbank, including programs such as community service programs, family resources, and childcare centers. The childcare centers are also available for the immediate family members of employees working in Burbank, as an added benefit. The organization's ultimate goal is to develop, upgrade, and preserve affordable housing opportunities for lower and moderate-income households in Burbank, while enriching the quality of life for its residents. The corporation is staffed by a team of 4 dedicated individuals.
Official website here: www.burbankhousingcorp.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 85% (Three-Star out of Four Star rating)**
Burbank Housing Corporation has received a respectable 85% score from Charity Navigator, primarily based on its Accountability & Finance metrics. This rating reflects the organization's commitment to maintaining high standards of financial management and accountability. Key strengths include an independent board composed entirely of independent members, strong fiscal oversight practices, and comprehensive policies for conflict of interest, whistleblower protection, and document retention.
The high percentage of program expenses indicates that the majority of funds are directed towards programs rather than administrative costs, which is a positive aspect for potential donors. However, the organization received a low score in its Liabilities to Assets ratio, suggesting some concerns regarding financial leverage that may need to be monitored for long-term stability.
Unfortunately, user reviews from GreatNonprofits could not be fetched, so insights from the community regarding Burbank Housing Corporation's impact and areas for improvement are not available. Overall, the organization demonstrates a solid financial foundation with best practices in governance but faces challenges that require attention.
This AI summary has been generated from information found on Charity Navigator.
Is Burbank Housing Corporation legitimate?
Burbank Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Burbank 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: $255,219
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,096,386
For more financial information, click here
Official website here: www.burbankhousingcorp.org
What is the mission statement of Burbank Housing Corporation?
The mission of Burbank Housing Corporation is centered around two primary objectives. Firstly, it aims to enhance and maintain affordable housing options for lower and moderate-income households. Secondly, the organization focuses on providing services that enhance the quality of life for its residents. To accomplish these goals, Burbank Housing Corporation transforms poorly maintained buildings into safe, attractive, and affordable housing. It also collaborates with relevant authorities to acquire properties for this purpose. The organization's services extend beyond housing, including community and family support services such as community service programs, activity centers, family resources, and child care facilities. These services are also made available, secondarily, to individuals and their immediate family members who are employed in the city, demonstrating a broader commitment to community well-being.
Official website here: www.burbankhousingcorp.org
Who is the CEO of Burbank Housing Corporation?
Chris Welker is the President of Burbank Housing Corporation.
Official website here: www.burbankhousingcorp.org
What is the revenue of Burbank Housing Corporation?
Burbank Housing Corporation's revenue in 2022 was $7,023,032.
Official website here: www.burbankhousingcorp.org
Who are the executives of Burbank Housing Corporation and what are their salaries?
The average compensation at Burbank Housing Corporation during 2022 was $587,901. There are 4 employees at Burbank Housing Corporation.
Here are 11 key members and their salaries:
- Compensation: $135,561
- Related: $0
- Other: $0
- Compensation: $119,658
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.burbankhousingcorp.org
Where can I find the form 990 for Burbank Housing Corporation?
Burbank Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.burbankhousingcorp.org
Learn more at the official website: www.burbankhousingcorp.org
Mission Statement of Burbank Housing Corporation
Burbank Housing Corporation is dedicated to two primary objectives. Firstly, it endeavors to enhance and maintain affordable housing opportunities for low and moderate-income households. By acquiring, upgrading, and preserving properties, the corporation ensures that these households have access to safe and affordable living spaces.
Secondly, Burbank Housing Corporation focuses on enriching the lives of its residents by providing community and family support services. These services include community service programs, family resources, and childcare centers. The organization goes beyond its housing mission by making these facilities available not only to low and moderate-income residents but also to employees and their families in the city. By transforming poorly maintained buildings into safe, attractive, and affordable housing, the corporation contributes significantly to the well-being of its community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Burbank Housing Corporation's impact lies in its dedication to developing, upgrading, and preserving affordable housing opportunities for lower and moderate-income households in Burbank, California. By transforming poorly maintained buildings into safe, attractive, and affordable housing, the organization plays a crucial role in addressing the housing needs of individuals and families in the city. Additionally, Burbank Housing Corporation provides community and family support services, including operating family resources and child care centers, enriching the quality of life for residents in its communities. Through its focus on affordable housing and community services, Burbank Housing Corporation positively impacts the lives of those with limited financial means in Burbank.
This information is meant to be a general summary of Burbank 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: $11,540
- Program Service Revenue: $6,806,033
- Gross Receipts: $7,023,032
Assets and Liabilities:
- Total Assets: $46,882,309
- Total Liabilities: $78,409,392
- Net Assets: -$31,527,083
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Child Care
Revenue
$2,964,670
Rental and Related Income
Revenue
$3,841,363
Organization Details
Founding Year
1997
Phone
(818) 559-2336Principal Officer
Chris Welker
Main Address
1819 Grismer Avenue, Burbank, CA, 91504
Website
www.burbankhousingcorp.orgNTEE Category
Code: L80 - Housing
If you are a representative of Burbank Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.