Brighton Properties Inc
- Assets
- $10.6m
- Revenue
- $1.5m
- Investments
- $3.6m
- Employees
- 13
- Location
- Newport, KY
- Founding
- 06/1997
- Data as of
- 06/2022
- EIN
- 31-1535241
Organization Overview
Brighton Properties Inc is located in Newport, KY. The organization was established in 1997. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Brighton Properties Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brighton Properties Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Brighton Properties Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST INDIVIDUALS AND FAMILIES IN OBTAINING SELF-SUFFICIENCY BY DEVELOPING HOUSING OPPORTUNITIES THAT BRING STABILITY TO FAMILIES, INDIVIDUALS, AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIGHTON PROPERTIES, INC. ASSISTS INDIVIDUALS AND FAMILIES IN OBTAINING SELF-SUFFICIENCY BY DEVELOPING HOUSING OPPORTUNITIES THAT BRING STABILITY TO FAMILIES, INDIVIDUALS, AND COMMUNITIES. THIS IS ACCOMPLISHED BY DEVELOPING QUALITY AFFORDABLE HOUSING FOR BOTH RENTAL AND PURCHASE; EFFECTIVELY MANAGING RENTAL PROPERTIES WHICH ENSURE DECENT, SAFE, AND ACCESSIBLE LIVING CONDITIONS; AND DEVELOPING AND MAINTAINING QUALITY SERVICE ENVIRONMENTS THAT ASSIST BRIGHTON CENTER IN ACHIEVING ITS MISSION. BRIGHTON PROPERTIES OWNS/MAINTAINS 9 SERVICE FACILITIES HOUSING BRIGHTON CENTER PROGRAMS RANGING FROM EMERGENCY ASSISTANCE TO EMERGENCY SHELTER. BRIGHTON PROPERTIES PROVIDES AND OVERSEES 291 HOUSING UNITS FOR INDIVIDUALS AND FAMILIES OF WHICH 207 UNITS ARE DESIGNATED FOR SENIORS AND 12 UNITS FOR DISABLED INDIVIDUALS. IN FY 2022, BRIGHTON PROPERTIES SERVED 753 INDIVIDUALS WITH AFFORDABLE, SAFE, HIGH-QUALITY HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Arnold Chair | OfficerTrustee | 1 | $0 |
Thomas Stapleton Secretary | OfficerTrustee | 1 | $0 |
Caroline Weltzer Vice Chair | OfficerTrustee | 1 | $0 |
Joe Schamer Treasurer | OfficerTrustee | 1 | $0 |
Wonda Winkler President And CEO | Officer | 10 | $0 |
June Miller Cfao | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $50,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $300,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,485 |
| Total Program Service Revenue | $1,064,650 |
| Investment income | $1,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,522,813 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $332,621 |
| Pension plan accruals and contributions | $17,234 |
| Other employee benefits | $65,522 |
| Payroll taxes | $27,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $147,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,719 |
| Advertising and promotion | $0 |
| Office expenses | $10,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $352,653 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,620 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,776 |
| Insurance | $40,869 |
| All other expenses | $0 |
| Total functional expenses | $1,313,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,921,419 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $298,806 |
| Accounts receivable, net | $84,496 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,030 |
| Net Land, buildings, and equipment | $4,356,433 |
| Investments—publicly traded securities | $349,913 |
| Investments—other securities | $3,587,909 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,553 |
| Total assets | $10,620,559 |
| Accounts payable and accrued expenses | $798,819 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,091,420 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,890,239 |
| Net assets without donor restrictions | $7,246,514 |
| Net assets with donor restrictions | $483,806 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,620,559 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Brighton Properties Inc has recieved totaling $409,804.
| Awarding Organization | Amount |
|---|---|
Brighton Center Inc Newport, KY PURPOSE: Opportunity House | $300,000 |
Fidelity Foundation Boston, MA PURPOSE: CONSTRUCTION | $100,000 |
Ohio Capital Impact Corporation Columbus, OH PURPOSE: PROGRAM SUPPORT | $9,764 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Resources Development Institute Inc Chicago, IL | $14,371,854 | $24,270,043 |
Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Assyrian National Council Of Illinois Chicago, IL | $17,237,581 | $21,046,154 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Casa Central Social Services Corporation Chicago, IL | $9,927,456 | $19,199,758 |
Central Missouri Community Action Columbia, MO | $7,094,173 | $19,692,460 |
Wheeler Mission Ministries Inc Indianapolis, IN | $56,135,021 | $28,744,599 |
Stark County Community Action Agency Canton, OH | $8,005,138 | $17,758,895 |
Community Action Organization Of Scioto County Inc Portsmouth, OH | $5,541,506 | $17,941,143 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Onesight Mason, OH | $26,405,119 | $15,913,386 |
Ohio Heartland Community Action Marion, OH | $4,922,800 | $17,262,322 |