Overview
What is A Kornegay Senior Houses Hdfc?
A Kornegay Senior Houses Hdfc is a nonprofit organization situated in New York City, specifically at 2101 Lexington Avenue, New York, NY 10035. Their primary mission is to provide safe and clean housing for elderly and handicapped families, adhering to the guidelines outlined in Section 202 of the Fair Housing Act of 1959. The organization operates an 89-unit apartment building to accommodate its residents. With a dedicated workforce of five individuals, A Kornegay Senior Houses Hdfc focuses on ensuring that the elderly and handicapped have access to suitable housing.
What are the reviews and ratings of this charity?
79% rating from Charity Navigator, earning A Kornegay Senior Houses Hdfc a Three-Star out of Four Star rating. This score highlights a strong emphasis on accountability and finance, as reflected in its evaluation, which is based entirely on one beacon score.
The organization showcases impressive governance with a fully independent board and robust financial oversight. It demonstrates strong commitment to transparency through policies like conflict of interest and whistleblower protections, along with effective documentation practices. The program expense ratio of 89.40% indicates that the majority of funds are directed towards programs rather than administrative expenses.
However, the organization's liabilities to assets ratio of 237.41% raises concerns regarding financial stability. This high ratio suggests that liabilities significantly exceed assets, which could pose risks to the organization's long-term sustainability. Overall, while the charity demonstrates strong operational protocols, addressing its financial health will be crucial for future growth and stability.
This AI summary has been generated from information found on Charity Navigator.
Is A Kornegay Senior Houses Hdfc legitimate?
A Kornegay Senior Houses Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. A Kornegay Senior Houses Hdfc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,223
For more financial information, click here
What is the mission statement of A Kornegay Senior Houses Hdfc?
A Kornegay Senior Houses Hdfc is committed to providing housing for the elderly and handicapped individuals. This organization's mission is to ensure that these individuals have access to safe and clean living spaces. The project operates an 89-unit apartment building, as outlined in Section 202 of the Fair Housing Act of 1959, but the specific location is not mentioned in the provided information. The organization's primary goal is to offer a suitable living environment for elderly and handicapped families, aiming to enhance their quality of life.
Who is the CEO of A Kornegay Senior Houses Hdfc?
Suleika Cabera Drinane is the President of A Kornegay Senior Houses Hdfc.
What is the revenue of A Kornegay Senior Houses Hdfc?
A Kornegay Senior Houses Hdfc's revenue in 2022 was $1,507,156.
Who are the executives of A Kornegay Senior Houses Hdfc and what are their salaries?
The average compensation at A Kornegay Senior Houses Hdfc during 2022 was $29,245. There are 5 employees at A Kornegay Senior Houses Hdfc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for A Kornegay Senior Houses Hdfc?
A Kornegay Senior Houses Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of A Kornegay Senior Houses Hdfc
A Kornegay Senior Houses HDFC is dedicated to providing housing for the elderly and handicapped individuals. In line with this mission, the organization ensures the availability of clean and safe living spaces for these families, adhering to the guidelines outlined in Section 202 of the Fair Housing Act of 1959. By offering such housing, A Kornegay Senior Houses HDFC aims to create an environment that fosters the well-being and independence of its elderly and handicapped residents. The organization's commitment to this cause is reflected in the operation of an 89-unit apartment building, located in New York, NY. By providing a reliable housing solution, A Kornegay Senior Houses HDFC contributes to the overall welfare of these vulnerable populations, enabling them to maintain their dignity and quality of life.
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Impact
July, 2024
A Kornegay Senior Houses HDFC provides essential housing to elderly and handicapped individuals in New York City. By offering safe and clean living spaces in their 89-unit apartment building, this organization directly addresses the needs of vulnerable populations as defined in the Fair Housing Act of 1959. Through its mission to provide housing to the elderly and handicapped, A Kornegay Senior Houses HDFC positively impacts the lives of individuals who may face challenges in finding suitable accommodations.
This information is meant to be a general summary of A Kornegay Senior Houses Hdfc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,002
- Program Service Revenue: $1,445,517
- Gross Receipts: $1,507,156
Assets and Liabilities:
- Total Assets: $5,642,169
- Total Liabilities: $12,935,411
- Net Assets: -$7,293,242
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,445,517
Organization Details
Founding Year
2001
Phone
(718) 722-8317Principal Officer
Suleika Cabera Drinane
Main Address
2101 LEXINGTON AVENUE, NEW YORK, NY, 10035
NTEE Category
Code: L21 - Housing
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