Overview
What is Center South Housing Development Corporation?
The Center South Housing Development Corporation is a nonprofit organization based in Philadelphia, Pennsylvania. Established with a mission to cater to the needs of disabled individuals, the corporation operates affordable housing projects within the city. In 2022, they provided 10 housing units for disabled persons. Their primary objective is to acquire, rehabilitate, construct, own, and operate affordable housing, ensuring safe, affordable, and permanent residences for low-income disabled individuals as identified by federal, state, or county officials. The organization's services extend beyond mere housing, catering to the physical, social, and psychological needs of its residents.
Official website here: www.missionfirsthousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Center South Housing Development Corporation has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. This score is derived entirely from the accountability and finance beacon, where the organization scored 97%. Such a high rating suggests strong management practices, ensuring responsible stewardship of donor funds.
The organization demonstrates a commendable commitment to governance, with 75% of its board members being independent, which enhances transparency and reduces potential conflicts of interest. Additionally, there are no reported material diversions of assets, and the presence of comprehensive policies related to conflict of interest and whistleblowing underscores its dedication to ethical governance.
Financially, Center South Housing Development Corporation exhibits a solid program expense ratio of 91.77%, indicating that a significant portion of its resources is directly allocated to its programs. Its liabilities to assets ratio of 17.42% reflects a sound financial position. Overall, while the organization shows strong performance in multiple aspects, ongoing engagement with stakeholders and transparency will be crucial for maintaining its high standards moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Center South Housing Development Corporation legitimate?
Center South Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center South Housing Development 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: $18,787
For more financial information, click here
Official website here: www.missionfirsthousing.org
What is the mission statement of Center South Housing Development Corporation?
The Center South Housing Development Corporation is an organization aimed at acquiring, rehabilitating, constructing, owning, and operating affordable housing projects. Its primary purpose is to provide safe, affordable, and permanent housing for the disabled, as identified by federal, state, or county officials. The mission of this corporation is to ensure that disabled persons have housing facilities and services that cater to their physical, social, and psychological needs. As of the year ended on June 30, 2022, the organization had provided 10 housing units to disabled individuals.
Official website here: www.missionfirsthousing.org
Who is the CEO of Center South Housing Development Corporation?
Thomas Ak Queenan is the President of Center South Housing Development Corporation.
Official website here: www.missionfirsthousing.org
What is the revenue of Center South Housing Development Corporation?
Center South Housing Development Corporation's revenue in 2022 was $625,113.
Official website here: www.missionfirsthousing.org
Who are the executives of Center South Housing Development Corporation and what are their salaries?
There 5 volunteers at Center South Housing Development Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $215,076
- Other: $20,395
- Compensation: $0
- Related: $197,715
- Other: $20,779
- Compensation: $0
- Related: $185,000
- Other: $20,395
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.missionfirsthousing.org
Where can I find the form 990 for Center South Housing Development Corporation?
Center South Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.missionfirsthousing.org
Learn more at the official website: www.missionfirsthousing.org
Mission Statement of Center South Housing Development Corporation
The Center South Housing Development Corporation, a non-profit organization, is dedicated to acquiring, rehabilitating, constructing, owning, and operating affordable housing projects. Their primary mission is to provide safe, affordable, and permanent housing for disabled individuals, as identified by federal, state, or county officials. The organization strives to cater to the physical, social, and psychological needs of these disabled residents, ensuring they have suitable living conditions. As of the year ending June 30, 2022, the Center South Housing Development Corporation successfully provided 10 housing units to disabled persons, demonstrating their commitment to their mission.
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Impact
July, 2024
Center South Housing Development Corporation has had a significant impact on the community by providing affordable housing options for disabled individuals in Philadelphia. Their mission to acquire, rehabilitate, construct, own, and operate housing projects has resulted in the provision of safe and permanent homes for those in need. By offering housing facilities and services tailored to meet the physical, social, and psychological needs of disabled persons, the organization plays a crucial role in improving the quality of life for its residents. With a focus on mental health and serving low-income individuals, Center South Housing Development Corporation continues to make a positive difference in the lives of the disabled community in Philadelphia.
This information is meant to be a general summary of Center South Housing Development 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: $48
- Program Service Revenue: $55,880
- Gross Receipts: $625,113
Assets and Liabilities:
- Total Assets: $1,845,190
- Total Liabilities: $321,326
- Net Assets: $1,523,864
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$37,131
RENTAL REVENUE
Revenue
$18,749
Organization Details
Founding Year
2003
Phone
(215) 557-8484Principal Officer
Thomas Ak Queenan
Main Address
2042-48 ARCH STREET 2ND FLOOR, PHILADELPHIA, PA, 191031412
Website
www.missionfirsthousing.orgNTEE Category
Code: F33 - Mental health
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