BETTER COMMUNITY NEIGHBORHOODS INC

SCHENECTADY, NY | Schenectady County
Affordable Housing

Overview

BETTER COMMUNITY NEIGHBORHOODS INC
14-1504550
120 EMMONS ST
SCHENECTADY, NY 12304
Schenectady County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Affordable Housing
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
Awards & Certifications info
  • HUD Counseling Agency
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
L20

L - Housing, Shelter

Housing Development, Construction & Management

Organizations that build, rehabilitate, manage and/or provide rental housing for low-income individuals and families, older adults and people with disabilities; or which make purchasable housing available to low or moderate income families by offering lower priced housing and/or affordable payment plans, by arranging for interest or mortgage subsidies or by involving eventual owners in the construction process (sweat equity). Use this code for organizations that provide housing services for a wide range of individuals or for those that offer housing options for low income tenants that are not specified below.

IRS Activity Codes info
402
Other activity aimed at combating community deterioration
400
Area development, redevelopment of renewal
201
Real estate association
Standard Business Classification (NAICS Code) info
624229
Other Community Housing Services

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Counseling Programs Offered info
  • Financial Management/Budget Counseling
  • Mortgage Delinquency and Default Resolution Counseling
  • Pre-Purchase Counseling
  • Pre-Purchase Homebuyer Education Workshops
  • Resolving/Preventing Mortgage Delinquency Workshop
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$3.4M
Revenue
$3.3M
Assets
$3M

IRS Business Master File Details info

As of August 2024
Exempt Ruling Date info
1969-04
Deductibility Status info
Deductible
Last Tax Filing info
2023
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of August 2024
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-06
Tax period ending in
2021-06
Tax period ending in
2020-06
Tax period ending in
2019-06
Tax period ending in
2018-06
Tax period ending in
2017-06
Tax period ending in
2016-07

Nonprofit Location

Physical Address info
120 EMMONS ST
SCHENECTADY, NY 12304
Schenectady County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
10580
MSA/MD info
36
State info
093
County info
0217.00
Tract info
Low
Income Level info
Core-Based Statistical Area info
10580 - Albany-Schenectady-Troy, NY
Combined Statistical Area info
104 - Albany-Schenectady, NY
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 75.21%
FFIEC Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0217.00 Schenectady County
Population
Total Population 4,167 159,447
Total Households 1,394 63,964
Income
Median Income* $37,736 $75,056
Median Family Income (2024 FFIEC est.) $117,800 $117,800
Tract Income Percentage 39.53% N/A
Below Poverty Level 23.0% 11.6%
Unemployment Level 16.0% 6.0%
Housing
Total Housing Units 1,768 70,843
Total Owner-Occupied Units 26.2% 63.9%
Total Renter-Occupied Units 52.6% 36.1%
Total Vacant Units 21.2% 5.6%
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2022 American Community Survey.
View more than 200 performance context data points for this county now.

Management

17
Total Voting Members
in Governing Body
info
17
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Jennica Huff
(518) 372-7616
Principal Officer info
Jennica Huff
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-06.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.