Charitable Status
Charitable Status
Bowery Residents’ Committee (BRC) is proud to receive an “A” rating from CharityWatch and a Platinum Seal of Transparency from Guidestar. BRC is also a winner of the New York Community Trust Nonprofit Excellence Awards.
BRC’s Financials
Accountability
BRC is data-driven, results-oriented, and committed to accountability to our clients, our community, and our supporters.
We have been recognized repeatedly for our management excellence and for developing innovative and effective programs. We regularly submit ourselves to rigorous independent evaluation, and have consistently received top ratings on external charity watchdog sites.
BRC is supported primarily through government contracts, which account for more than 75% of agency operating revenues in the last three years. Development and maintenance of these funding streams is subject to various federal, state and city regulations, with a highly structured environment through which funds are sourced through requests for proposals and sustained through predetermined reporting and contract renewal processes, creating a highly effective and transparent process.
BRC utilizes private contributions to fund important program innovations — programs such as our Safe Haven, Horizons Workforce Development, HomeStretch Housing, and Chemical Dependency Crisis Center programs that are changing the way homelessness is addressed in our city and our field.
We are highly successful in bringing in private contributions to meet our goals: Since 2005, BRC revenues have approximately doubled overall, while revenues from contributions have increased more than fourfold.
BRC’s management and Board adhere to the highest standards of financial planning and oversight to ensure current and long-term fiscal stability, and professional and ethical practice.
Fundamentally, we know that to be mission driven and successful, BRC needs to live within its means. Growth must be driven not only by meeting the increasing demands of the population we serve, but also by managing resources so that we can serve our clients adequately, effectively and responsibly, this year and in the future.
