Overview
What is Cabrini Housing Development Fund Corporation?
Cabrini Housing Development Fund Corporation is a nonprofit organization based in New York City, specifically at 220 East 19th Street, that provides affordable housing for low-income and handicapped elderly individuals. Established in 2005, their mission is to maximize residents' ability to maintain their independence while "aging in place." The residence, which houses 86 residents, consists primarily of one-bedroom apartments. In 2022, 76 of the household units were categorized as extremely low income. The organization offers a secure, community-oriented environment, with social activities and support services, including linking residents to necessary services and hosting educational lectures related to aging issues. Their core values include compassion, respect, dignity, and excellence.
Official website here: www.cabrini-eldercare.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Cabrini Housing Development Fund Corporation has received an 81% rating, indicating a solid performance in accountability and finance. This score is primarily based on its strong governance practices, including a board composed entirely of independent members and comprehensive policies in place for conflict of interest and whistleblower protections. The organization scored well in most categories, reflecting its commitment to transparency and ethical management.
One notable strength is its program expense ratio, which stands at an impressive 91.56%. This suggests that a significant portion of the organization's expenses is directed towards its programs, which is a positive indicator for potential donors. Additionally, the absence of any material diversion of assets and a clean audit reinforces the organization's financial integrity and reliability.
However, a concern arises with the liabilities to assets ratio, reported at 104.85%, which may indicate a potential risk regarding the organization's financial stability. Prospective donors may want to consider this aspect when evaluating the overall health of the organization. Despite this limitation, Cabrini Housing Development Fund Corporation demonstrates a commitment to effective governance and program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Cabrini Housing Development Fund Corporation legitimate?
Cabrini Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cabrini Housing Development Fund Corporation 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: $0
For more financial information, click here
Official website here: www.cabrini-eldercare.org
What is the mission statement of Cabrini Housing Development Fund Corporation?
The Cabrini Housing Development Fund Corporation, through its mission, aims to enhance the independence and improve the quality of life for low-income and mobility-impaired senior citizens. This is achieved by providing them with safe, affordable housing, accompanied by social activities and linking support services. The organization upholds the core values of compassion, respect, dignity, and excellence in delivering these services. By offering this housing, the Corporation seeks to address a gap often left unmet by other housing assistance programs, providing essential features like security, community, and continuity for aging residents. With 70 one-bedroom apartments, the Corporation housed 86 residents in 2022, primarily categorized as extremely low-income.
Official website here: www.cabrini-eldercare.org
Who is the CEO of Cabrini Housing Development Fund Corporation?
Patricia Krasnausky is the President of Cabrini Housing Development Fund Corporation.
Official website here: www.cabrini-eldercare.org
What is the revenue of Cabrini Housing Development Fund Corporation?
Cabrini Housing Development Fund Corporation's revenue in 2022 was $875,757.
Official website here: www.cabrini-eldercare.org
Who are the executives of Cabrini Housing Development Fund Corporation and what are their salaries?
There 11 volunteers at Cabrini Housing Development Fund Corporation.
Here are 10 key members and their salaries:
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- Related: $308,831
- Other: $34,360
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- Related: $236,871
- Other: $70,052
- Compensation: $0
- Related: $59,863
- Other: $18,144
Official website here: www.cabrini-eldercare.org
Where can I find the form 990 for Cabrini Housing Development Fund Corporation?
Cabrini Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cabrini-eldercare.org
Learn more at the official website: www.cabrini-eldercare.org
Mission Statement of Cabrini Housing Development Fund Corporation
Cabrini Housing Development Fund Corporation, with a mission grounded in compassion, respect, dignity, and excellence, aims to enhance the independence and improve the quality of life for low-income and mobility-impaired senior citizens. This is achieved by providing them with secure and reasonably priced housing, complemented by social activities and linking support services. By incorporating these elements, the organization seeks to empower its residents, enabling them to age in place with a sense of community and continuity, features often lacking in other housing assistance programs.
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Impact
July, 2024
Cabrini Housing Development Fund Corporation's impact is significant in providing safe, affordable housing to very low-income and handicapped elderly individuals in New York City. Through its Cabrini Apartments project, the organization offers 70 one-bedroom apartments tailored to meet the needs of the community, including six units designed for individuals with physical disabilities. By creating a supportive and dignified environment, Cabrini HDFC enables residents to maintain their independence and age in place with access to essential amenities like a community room, library, game room, and outdoor spaces.
The organization's focus on maximizing residents' ability to maintain independence while fostering a sense of community and continuity aligns with its mission to enhance the quality of life for low-income seniors. With a dedicated team, including a full-time manager and tenant coordinator, Cabrini HDFC ensures that residents receive necessary support, advocacy, and access to services that promote overall well-being.
Overall, Cabrini Housing Development Fund Corporation's commitment to providing affordable housing and support services reflects its core values of compassion, respect, dignity, and excellence, making a positive impact on the lives of the individuals it serves.
This information is meant to be a general summary of Cabrini Housing Development Fund Corporation. 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: $393
- Program Service Revenue: $873,540
- Gross Receipts: $875,757
Assets and Liabilities:
- Total Assets: $11,664,805
- Total Liabilities: $12,231,607
- Net Assets: -$566,802
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$873,540
Organization Details
Founding Year
2002
Phone
(212) 673-6262Principal Officer
Patricia Krasnausky
Main Address
220 EAST 19TH STREET, NEW YORK, NY, 10003
Website
www.cabrini-eldercare.orgIf you are a representative of Cabrini Housing Development Fund Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.