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Bridgeport Neighborhood Trust

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

EIN: 222809353 ✦ Bridgeport, CT ✦ Designated as a 501(c)(3)

Overview

What is Bridgeport Neighborhood Trust?

Bridgeport Neighborhood Trust, established in 1986, is a nonprofit organization located in Bridgeport, Connecticut. Its primary mission is to combat housing insecurity, income inequality, and homelessness. They achieve this by developing and managing affordable housing properties, catering to low- and moderate-income families across the state. The organization also provides comprehensive housing and financial counseling services to support its community. With a team of 38 dedicated individuals, Bridgeport Neighborhood Trust operates as the sole member of multiple limited liability companies, working tirelessly to ensure access to safe, affordable housing in Bridgeport, Connecticut.


Official website here: www.bntweb.org

Is Bridgeport Neighborhood Trust legitimate?

Bridgeport Neighborhood Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgeport Neighborhood Trust 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: $162,998
Professional Fundraising Fees: $0
Other Salaries and Wages: $962,800

For more financial information, click here


Official website here: www.bntweb.org

What is the mission statement of Bridgeport Neighborhood Trust?

Bridgeport Neighborhood Trust, established in 1986, aims to combat housing insecurity, income inequality, and homelessness. They achieve this mission by constructing safe and affordable housing and offering comprehensive housing and financial counseling services to low- and moderate-income families nationwide. The organization's mission encompasses providing a holistic approach to addressing these issues, ensuring that families have the resources and support they need to achieve financial stability. By managing various properties, Bridgeport Neighborhood Trust plays a crucial role in delivering affordable housing options to those in need.


Official website here: www.bntweb.org

Who is the CEO of Bridgeport Neighborhood Trust?

Doris Latorre is the President of Bridgeport Neighborhood Trust. The CEO's salary of Bridgeport Neighborhood Trust is $153,804 and their total compensation is $162,998.


Official website here: www.bntweb.org

What is the revenue of Bridgeport Neighborhood Trust?

Bridgeport Neighborhood Trust's revenue in 2022 was $4,785,783.


Official website here: www.bntweb.org

Who are the executives of Bridgeport Neighborhood Trust and what are their salaries?

The average compensation at Bridgeport Neighborhood Trust during 2022 was $29,626. There are 38 employees and 10 volunteers at Bridgeport Neighborhood Trust.

Here are 11 key members and their salaries (Bridgeport Neighborhood Trust's CEO's salary is $153,804 and their total compensation is $162,998):

    Doris Latorre (Ceo)
  • Compensation: $153,804
  • Related: $0
  • Other: $9,194

    • Chip Parrish (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terence Floyd (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deborah Clancy (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carol J Heller (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deborah Caviness (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Breland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jenita Hayes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Reyes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Regina Vermont (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.bntweb.org

    Where can I find the form 990 for Bridgeport Neighborhood Trust?

    The Bridgeport Neighborhood Trust’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.bntweb.org

    Learn more at the official website: www.bntweb.org

    Mission Statement of Bridgeport Neighborhood Trust

    Bridgeport Neighborhood Trust, established in 1986, is dedicated to addressing housing insecurity, income inequality, and homelessness amongst low- and moderate-income families across Connecticut. Their mission encompasses creating safe and affordable housing, as well as offering comprehensive housing and financial counseling services. By undertaking these initiatives, Bridgeport Neighborhood Trust aims to bring about a significant impact in ending these pressing concerns. Through various management activities, they oversee the operation of properties, acting as the single member of 29 limited liability companies specifically established for acquiring, developing, and operating affordable housing in Bridgeport, Connecticut.

    Impact

    This information is meant to be a general summary of Bridgeport Neighborhood Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Bridgeport Neighborhood Trust's impact is significant in addressing housing insecurity, income inequality, and homelessness. Through its mission of creating safe, affordable housing and providing comprehensive housing and financial counseling services to low- and moderate-income families in Connecticut, BNT is actively working towards ending these pressing social issues. By managing a large portfolio of properties and actively developing affordable housing units in Bridgeport, Connecticut, BNT plays a crucial role in improving the living conditions and financial stability of individuals and families in need.





    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 2022.

  • Investment Income: $-495,645
  • Program Service Revenue: $2,079,078
  • Gross Receipts: $8,711,366

    • Assets and Liabilities:
  • Total Assets: $30,686,996
  • Total Liabilities: $11,359,227
  • Net Assets: $19,327,769
  • Programs

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

    RENTAL INCOME

    Revenue

    $2,079,078

    Organization Details

    Founding Year

    1986

    Principal Officer

    Doris Latorre

    Main Address

    570 STATE STREET, BRIDGEPORT, CT, 06604

    NTEE Category

    Code: L120 - Housing

    If you are a representative of Bridgeport Neighborhood Trust 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.