Barefield Development Corporation

Barefield Development Corporation is a nonprofit organization based in Pottsville, Pennsylvania, focused on providing housing, economic development, and supportive services for low-income individuals. It operates within the category of housing development, construction, and management, aiming to address shelter needs and promote community development.

Mission and Activities

The organization's primary mission is to improve the quality of life for low-income persons through initiatives centered on housing and related economic support services. Its programs are designed to offer affordable housing solutions and foster economic growth opportunities that enable sustainable development within the community.

Financial Overview

As of the fiscal year ending in 2023, Barefield Development Corporation reported total revenues of approximately $673,000 and total expenses of about $716,000. The organization held total assets valued at $4.76 million against liabilities of $822,000. Most of its revenue comes from program services, which constituted nearly 73% of total revenue, followed by investment income and other revenue streams. The nonprofit reported no revenue from contributions or bond proceeds during this period[1].

Governance and Ratings

The organization has no publicly recorded board members in available profiles, which may reflect gaps in publicly shared governance information. Barefield Development Corporation has earned a 3 out of 4-star rating from Charity Navigator, reflecting positive assessments of its financial health and accountability[2].

Grants and Community Impact

In 2023, the organization allocated approximately $9,520 in grants, further supporting its mission of aiding low-income populations through housing and economic development programs[5].

Barefield Development Corporation exemplifies a dedicated effort toward alleviating housing insecurity and fostering economic stability in its local community through nonprofit initiatives in housing development and supportive services.