Bgc Nonprofit Housing Corporation

Organization Overview

Bgc Nonprofit Housing Corporation is located in Okemos, MI. The organization was established in 1992. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bgc Nonprofit Housing Corporation 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 12/2021, Bgc Nonprofit Housing Corporation generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AND PRESERVE HOUSING FACILITIES FOR PERSONS AND FAMILIES OF LOW INCOME.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BGC NONPROFIT HOUSING CORPORATION/LINDEN LANE APARTMENTS PROVIDES 180 RENTAL UNITS TO PERSONS OF LOW TO MODERATE INCOME. THE ORGANIZATION ALSO PROVIDES SOCIAL AND RECREATIONAL FACILITIES TO SERVE THE RESIDENTIAL AREA.


INCOME FROM BGC NONPROFIT HOUSING CORPORATION/LINDEN LANE APARTMENTS BENEFIT ACTIVITIES OF THE BOYS AND GIRLS CLUB OF LANSING TO THE EXTENT THAT THOSE ACTIVITIES ARE CONSISTENT WITH THE TAX-EXEMPT PURPOSE OF BGC-LINDEN LANE.


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Board, Officers & Key Employees

Name (title)Compensation
Laurie Schwartz
Treasurer
$0
Richard Kerbawy
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,857,621
Investment income $1,203
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 $1,858,824

Grants Awarded

Over the last fiscal year, Bgc Nonprofit Housing Corporation has awarded $805,490 in support to 2 organizations.

Grant RecipientAmount

BOYS AND GIRLS CLUB

Org PageRecipient Profile

Lansing, MI

PURPOSE: TO HELP WITH DAY TO DAY OPERATIONS

$571,874

BGC II - NONPROFIT HOUSING CORPORATION

Org PageRecipient Profile

Okemos, MI

PURPOSE: TO HELP WITH SIGNIFICANT REPAIRS AND MAINTENANCE

$233,616
View Grant Profile

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