Bright Hope Non-Profit Corporation

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

EIN: 232193806 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

Overview

What is Bright Hope Non-Profit Corporation?

Bright Hope Non-Profit Corporation, situated in Philadelphia, Pennsylvania, is a dedicated organization that focuses on providing affordable housing options for individuals with low income. Subsidized by the United States Department of Housing and Urban Development, it manages a total of 130 apartments, ensuring that these crucial living spaces are accessible to those who require them most. The organization's mission revolves around making a significant impact on the housing landscape, thereby contributing to the well-being and stability of its community members.


Is Bright Hope Non-Profit Corporation legitimate?

Bright Hope Non-Profit Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bright Hope Non-Profit 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $286,879

For more financial information, click here


What is the mission statement of Bright Hope Non-Profit Corporation?
Who is the CEO of Bright Hope Non-Profit Corporation?
What is the revenue of Bright Hope Non-Profit Corporation?
Who are the executives of Bright Hope Non-Profit Corporation and what are their salaries?
Where can I find the form 990 for Bright Hope Non-Profit Corporation?

Mission Statement of Bright Hope Non-Profit Corporation

Bright Hope Non-Profit Corporation is dedicated to providing affordable housing solutions for individuals with limited income. Leveraging funding from the United States Department of Housing and Urban Development, this organization offers 130 units of subsidized apartments. Their mission is centered around enhancing living conditions for those in need, providing a stable and secure environment for them to call home.

Impact

This information is meant to be a general summary of Bright Hope Non-Profit Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Bright Hope Non-Profit Corporation provides a vital service by offering 130 units of low-income apartments subsidized by the United States Department of Housing and Urban Development in Philadelphia, PA. This initiative directly impacts the community by providing affordable housing options to individuals and families in need. This support helps to address housing insecurity, promotes stability, and improves the overall quality of life for those who benefit from this program.





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: $104
  • Program Service Revenue: $1,348,891
  • Gross Receipts: $1,360,886

    • Assets and Liabilities:
  • Total Assets: $1,673,312
  • Total Liabilities: $3,661,925
  • Net Assets: -$1,988,613
  • Programs

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

    RENTAL INCOME

    Revenue

    $440,946

    FEES & CONTRACTS FROM GOVERNMENT AGENCIES

    Revenue

    $897,532

    LAUNDRY/VENDING

    Revenue

    $6,755

    TENANT CHARGES

    Revenue

    $3,658

    Organization Details

    Founding Year

    1981

    Principal Officer

    Vivian S Buchanon

    Main Address

    1600 NORTH 8TH STREET, PHILADELPHIA, PA, 19122

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Bright Hope Non-Profit 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.