Is Bluefield Manor Housing Inc Legit?

Bluefield Manor Housing Inc. demonstrates consistent financial stability and strong program focus, as evidenced by its IRS 990 filings. Over the past several years, the organization has maintained a healthy operating surplus, with revenues consistently exceeding expenses. For instance, in 2023, revenue was $1,661,965 against expenses of $1,520,838, indicating efficient management of resources. The organization's assets have also shown steady growth, reaching $5,073,448 in 2023, while liabilities have been managed effectively, resulting in a positive net asset position. The organization's spending efficiency appears robust, with a significant portion of its expenses likely directed towards its housing programs, given its NTEE code (L22 - Housing Development, Construction & Management). The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very lean administrative structure, which is a strong indicator of financial prudence and a commitment to directing funds towards its mission rather than executive salaries. This also contributes positively to its transparency profile. Overall, Bluefield Manor Housing Inc. exhibits sound financial health, efficient spending practices, and a high degree of transparency regarding its executive compensation. Its consistent financial performance and asset growth, coupled with minimal administrative overhead, position it as a financially responsible nonprofit.