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Berkshire Housing Development Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042483322 ✦ Pittsfield, MA ✦ Designated as a 501(c)(3)

Overview

What is Berkshire Housing Development Corp?

Berkshire Housing Development Corp, located at 1 Fenn Street, Pittsfield, Massachusetts, is a nonprofit organization dedicated to improving living conditions for low- and moderate-income individuals. Their primary mission involves developing and operating housing and community development projects. The organization's significant activities include constructing affordable housing, administering the Section 8 Housing Choice Voucher Program, and providing various housing assistance programs such as RAFT, HomeBASE, and Neighbor to Neighbor. Berkshire Housing also operates in the region, offering support through these programs. Under contract with DHCD, they provide rent subsidies to over 570 families through Section 8 vouchers, ensuring that privately owned housing remains accessible for low-income families in Berkshire County. Additionally, they offer Project Based rent subsidies through the Section 8 Mod Rehab program, attached to specific apartments in Pittsfield, Massachusetts. With a workforce of 94 employees, the organization continues to strive towards enhancing the quality of life for the community it serves.


Is Berkshire Housing Development Corp legitimate?

Berkshire Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berkshire Housing Development Corp 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.

Here are some key statistics you may want to consider:

Executive Compensation: $189,694
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,197,409

For more financial information, click here


What is the mission statement of Berkshire Housing Development Corp?
Who is the CEO of Berkshire Housing Development Corp?
What is the revenue of Berkshire Housing Development Corp?
Who are the executives of Berkshire Housing Development Corp and what are their salaries?
Where can I find the form 990 for Berkshire Housing Development Corp?

Mission Statement of Berkshire Housing Development Corp

Berkshire Housing Development Corp is dedicated to bettering the lives of low and moderate-income individuals through the development and operation of housing and community development projects. Their most prominent activities include constructing affordable housing, managing the Section 8 Housing Choice Voucher Program, and administering various housing assistance programs such as RAFT, HomeBASE, and Neighbor to Neighbor. Moreover, the organization operates within their region, providing essential services and support to those in need. By engaging in these initiatives, Berkshire Housing Development Corp aims to improve living conditions and promote opportunities for underprivileged communities.

Impact

This information is meant to be a general summary of Berkshire Housing Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Berkshire Housing Development Corp's impact lies in its vital role in developing and operating housing and community development projects that benefit low and moderate-income individuals. The organization's focus on creating affordable housing opportunities, administering housing assistance programs such as Section 8 HCV, RAFT, HomeBASE, and Neighbor to Neighbor, has a direct and significant impact on improving the living conditions of individuals and families in Berkshire County. By providing rent subsidies and housing assistance to hundreds of low-income families, Berkshire Housing Development Corp plays a crucial role in addressing housing insecurity and ensuring that vulnerable populations have access to safe and affordable housing options.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $11,376
  • Program Service Revenue: $2,477,680
  • Gross Receipts: $2,764,087

    • Assets and Liabilities:
  • Total Assets: $8,354,932
  • Total Liabilities: $721,147
  • Net Assets: $7,633,785
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MANAGEMENT FEES

    Revenue

    $2,477,680

    Organization Details

    Founding Year

    1971

    Principal Officer

    Eileen Peltier

    Main Address

    1 FENN STREET, PITTSFIELD, MA, 01201

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Berkshire Housing Development Corp 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.