Harbor Properties

Overview

Harbor Properties is a nonprofit organization, recognized as a 501(c)(3) entity under the Internal Revenue Code, dedicated to supporting various affiliates of the Bair Foundation. Located in New Wilmington, Pennsylvania, Harbor Properties primarily provides office space and resources necessary for these organizations to deliver therapeutic foster care services to children. Its establishment was aimed at enhancing the operational capacity of these affiliated organizations, thus contributing to the welfare of children in need of foster care.

Mission Statement

The mission of Harbor Properties is to facilitate and advance the objectives of the Bair Foundation and its affiliates through the provision of essential facilities and infrastructure. This support enables organizations to effectively deliver therapeutic foster care services and to promote a nurturing environment for children facing emotional and developmental challenges.

History

Harbor Properties was founded in 1999, responding to the growing need for dedicated office space to support the various programs of the Bair Foundation. Since its inception, the organization has been pivotal in creating a conducive atmosphere for the development and delivery of therapeutic services tailored to children.

Programs and Activities

Harbor Properties focuses on the following key activities:

• Office Space Provision: The organization offers dedicated office and physical space to its affiliated entities, enhancing their ability to coordinate care and resources effectively.

• Support for Foster Care Services: Through its infrastructure, Harbor Properties plays a critical role in aiding the Bair Foundation's mission to provide therapeutic foster care services across multiple states, including Pennsylvania, Texas, Virginia, and Georgia.

Financial Information

According to recent filings, Harbor Properties reported substantial financial stability. As of 2023, the organization had total assets of approximately $57.4 million and total liabilities of around $40.4 million. Its revenue streams primarily include rental income from affiliated organizations, which accounted for a significant portion of its financial activity.

Key financial highlights include:

• Total Revenue: Approximately $4.69 million (2023)
• Program Service Revenue: $909,840
• Investment Income: $1,773,738
• Net Assets: Approximately $16.39 million

Harbor Properties maintains transparency in its operations by annually filing Form 990, which provides detailed insights into its financial activities and compliance with IRS regulations.

Impact

Harbor Properties is instrumental in ensuring that the Bair Foundation and its affiliates can operate efficiently, thereby enhancing their capacity to provide critical services to vulnerable children. The organizational infrastructure supports improved program development, coordination, and delivery of therapeutic care, contributing to better outcomes for families and communities.

Through its focused mission and strategic operations, Harbor Properties continues to affirm its commitment to fostering an environment where children can heal and thrive.