Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

BIRMINGHAM GREEN ADULT DISABILITY SERVICES INC Physical Address: 8605 Centreville Rd, Manassas, VA 20110 EIN: XXXXXXXXXX Telephone: XXXXXXXXXX NTEE Category: L Housing, Shelter L21 (Public Housing)...

1 answer below »
BIRMINGHAM GREEN ADULT DISABILITY SERVICES INC
Physical Address: 8605 Centreville Rd, Manassas, VA 20110
EIN: XXXXXXXXXX
Telephone: XXXXXXXXXX
NTEE Category: L Housing, Shelter L21 (Public Housing)
Web URL:www.birminghamgreen.org
Year Founded: 2004
Ruling Year: 2004
1.Background on the charity:
a.Charity purpose?
b.Founded when?
c.Based where?
d.No. of employees?
e.Website is?
2.What classification of the tax code does the entity claim its tax exemption?
3.Who performed the audit of the financial statements? What type of audit opinion was received? If other than unqualified, please provide explanation.
4.Identify each of the financial statements prepared and audited and which years are included?
5.Does the entity have any affiliated entities, particularly any for-profit entities, with which it engages in business transactions? Are there any concerns about these arrangements?
6.Using the financial statements, what amount was received as revenue? In what form was this revenue provided - list the two highest types and the associated dollar amounts?
7.Using the financial statements, what amount was presented for unrestricted net assets? What percentage of total net assets does this figure represent?
8.Using the financial statements, what amount was presented for investments? What percentage of total assets does this figure represent?
9.Using the financial statements, what types of program services are provided and list the total expenses associated with each?
10.Using the financial statements, what types of support services are provided and list the total expenses associated with each?
11.Describe the executive management structure. What are the corporate governance processes - how big is the board of directors and how often do they meet? Do they have an audit committee? Do they have an internal audit function? To whom does it report?
12.Calculate and explain the purpose of each of the 4 ratios below:
a.Total Net Assets – Restricted Net Assets – Fixed Assets / Average Monthly Expenses
b.Contributions / Fundraising Expense
c.Total fundraising, general & admin expense / Total Expenses
d. Revenue Source / Total Revenue
13.What conclusions do you draw from the ratio analysis that you performed?This should be an in-depth discussion that may draw on other resources.
14.Using Charity Navigator, determine its rating. What is the rating of the entity? What could be done to improve this ratings?
15.Provide comments regarding the effectiveness of this charity (what difference has it made in terms of outcomes).This should be an in-depth discussion that draws on other resources about the organization and how to evaluate charities.
16.Do you recommend that it receive tax-deductible donations and is deserving of its tax exemption? Why or why not?
Answered Same Day Dec 23, 2021

Solution

David answered on Dec 23 2021
129 Votes
1. Background on the charity:
a. Charity purpose?
To provide a supportive multifamily rental housing project for low income
adults with disabilities (Page 2 Part III Line 1)
. Founded when?
Year of formation – 2004 (Page 1 Box “L”)
c. Based where?
8605, Centerville Road, Manassas, VA 20110 (Page 1 Box C)
d. No. of employees?
0 (Page 5, Part V, Line 2a)
e. Website is?
www.birminghamgreen.org (Page 1 Box J)
2. What classification of the tax code does the entity claim its tax exemption?
501 c (3), (Page 1 Box I)
3. Who performed the audit of the financial statements? What type of audit
opinion was received? If other than unqualified, please provide explanation.
As per the Audit Report issued by the Independent Auditor, it opines into an
Unqualified Opinion.
4. Identify each of the financial statements prepared and audited and which
years are included?
Financials for Year 2010 and 2011 have been included. Audit has been performed of
Statement of Revenue, Statement of Functional Expenses and Balance Sheet
5. Does the entity have any affiliated entities, particularly any for-profit entities, with
which it engages in business transactions? Are there any concerns about these
a
angements?
Following is the list of the affiliated entities:
a. Northern Virginia Healthcare Center
. Birmingham Green Foundation
c. Birmingham Green Assisted Living Inc.
d. Birmingham Green Adult Care Residence.
All have been registered under the same address as of Birmingham Green Adult
Disability Services Inc.
Among above affiliates, Northern Virginia Healthcare Center is FOR PROFIT entity
which has business relationships. A
angement is regarding Loan and Loan
Guarantees. Although it is usual business relationship, still the a
angements could be
to avoid tax incidence.
Comment [J1]: Missing answer; please
answer the questions.
http:
www.birminghamgreen.org

.6. Using the financial statements, what amount was received as revenue? In
what form was this revenue provided - list the two highest types and the associated
dollar amounts?
Rental Income was the highest source of Revenue.
Two highest types of Revenue along with the dollar amount:
Rental Income - $108,336 (Page 9, Line 2a)
Interest Income- $46 (Page 9, Line 3)
7. Using the...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here