Overview
What is Wallkill Senior Housing Development Fund Co?
Wallkill Senior Housing Development Fund Co is a nonprofit organization situated in Middletown, New York. Their primary mission is to ensure the provision and upkeep of affordable housing, serving as a public housing facility. As such, they contribute significantly to the community by making housing accessible for individuals with limited financial means. The organization does not specify any additional programs or initiatives beyond this central mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating from Charity Navigator.
Wallkill Senior Housing Development Fund Co has received a Three-Star rating due to its strong performance in accountability and finance, scoring 100% in categories such as board independence and financial audits. The organization demonstrates a high level of transparency with documented board meeting minutes and no material diversion of assets reported. Its program expense ratio of 86.70% indicates a strong commitment to funding its core mission.
Despite these strengths, the organization has room for improvement, particularly in its liabilities to assets ratio, which stands at 57.61%. This suggests that while the organization is managing its finances well, there may be concerns regarding its leverage and financial sustainability in the long term. Overall, the ratings reflect a solid operational foundation, but potential supporters may want to consider the financial ratios to better understand the organization’s fiscal health.
This AI summary has been generated from information found on Charity Navigator.
Is Wallkill Senior Housing Development Fund Co legitimate?
Wallkill Senior Housing Development Fund Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wallkill Senior Housing Development Fund Co 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: $85,344
For more financial information, click here
What is the mission statement of Wallkill Senior Housing Development Fund Co?
The Wallkill Senior Housing Development Fund, as an organization, is dedicated to providing and maintaining affordable housing. In essence, their mission is to make housing accessible for individuals who may not have the means to afford it otherwise. They operate as a public housing facility, aiming to cater to this specific need. By doing so, they contribute to the overall well-being and stability of the community they serve.
Who is the CEO of Wallkill Senior Housing Development Fund Co?
Christopher Cardinale is the President of Wallkill Senior Housing Development Fund Co.
What is the revenue of Wallkill Senior Housing Development Fund Co?
Wallkill Senior Housing Development Fund Co's revenue in 2022 was $943,886.
Who are the executives of Wallkill Senior Housing Development Fund Co and what are their salaries?
The average compensation at Wallkill Senior Housing Development Fund Co during 2022 was $21,336. There are 4 employees at Wallkill Senior Housing Development Fund Co.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wallkill Senior Housing Development Fund Co?
Wallkill Senior Housing Development Fund Co's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wallkill Senior Housing Development Fund Co
Wallkill Senior Housing Development Fund, as a nonprofit organization, is dedicated to providing and maintaining affordable housing. In fulfilling its mission, this public housing facility in Middletown, NY, works tirelessly to ensure that individuals in need have access to comfortable and reasonably priced living arrangements. The organization's primary focus is on providing a sanctuary where individuals can reside without the financial burden that often comes with high-priced housing. By offering affordable housing options, Wallkill Senior Housing Development Fund Co plays a significant role in supporting the community and ensuring that everyone has the opportunity to live with dignity and comfort.
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Impact
July, 2024
Wallkill Senior Housing Development Fund Co's impact is significant in providing and maintaining affordable housing as a public housing facility in Middletown, NY. This contributes to addressing the housing needs of seniors in the community, offering them a safe and affordable place to live. By offering this service, the organization plays a crucial role in enhancing the quality of life for senior citizens and ensuring they have access to necessary housing amenities.
This information is meant to be a general summary of Wallkill Senior Housing Development Fund Co. 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: $46,655
- Program Service Revenue: $866,971
- Gross Receipts: $943,886
Assets and Liabilities:
- Total Assets: $4,203,887
- Total Liabilities: $2,314,384
- Net Assets: $1,889,503
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$866,971
Organization Details
Principal Officer
Christopher Cardinale
Main Address
35 SENIOR WAY, MIDDLETOWN, NY, 10940
NTEE Category
Code: L20 - Housing
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