Overview
What is Brookset Housing Development Fund Corporation?
Brookset Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 247 West 37th Street, 4th Floor, New York, NY 10018. Their primary mission is to provide housing opportunities for individuals with low income. They have established a building containing 35 apartments in Brooklyn, New York, aiming to provide a suitable living space for those who may otherwise struggle to afford it. The corporation's activities are focused on this housing provision, offering a vital service to the community.
Official website here: www.settlementhousingfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Brookset Housing Development Fund Corporation has received an 81% rating from Charity Navigator, which translates to a Three-Star rating. This score is based solely on their Accountability & Finance performance, indicating a strong focus on transparency and responsible financial practices. The charity scored particularly well in areas such as financial oversight, asset management, and having established policies for conflict of interest and whistleblower protections.
The organization's financial stability is noteworthy, with a program expense ratio of 90.45%, suggesting that the majority of its funds are directed toward its mission rather than administrative costs. Additionally, the charity has demonstrated excellent governance with full points awarded for key policies and documentation, reinforcing its commitment to accountability.
However, while the financial management appears sound, the ratings do not provide insights into the impact or effectiveness of the programs offered by Brookset Housing Development Fund Corporation. As such, potential donors may want to consider this aspect alongside the financial data when making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Brookset Housing Development Fund Corporation legitimate?
Brookset Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brookset 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.settlementhousingfund.org
What is the mission statement of Brookset Housing Development Fund Corporation?
The Brookset Housing Development Fund Corporation's mission is centered around providing housing opportunities for individuals with lower income levels. This organization has established a complex consisting of 35 apartments, located somewhere, with the primary objective of making housing accessible to this specific demographic. The corporation's activities are geared towards this mission, aiming to contribute positively to the living situations of those who may otherwise face housing challenges.
Official website here: www.settlementhousingfund.org
Who is the CEO of Brookset Housing Development Fund Corporation?
Alexa Sewell is the President of Brookset Housing Development Fund Corporation.
Official website here: www.settlementhousingfund.org
What is the revenue of Brookset Housing Development Fund Corporation?
Brookset Housing Development Fund Corporation's revenue in 2022 was $510,664.
Official website here: www.settlementhousingfund.org
Who are the executives of Brookset Housing Development Fund Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $286,870
- Other: $37,820
- Compensation: $0
- Related: $124,221
- Other: $38,578
- Compensation: $0
- Related: $167,946
- Other: $14,671
Official website here: www.settlementhousingfund.org
Where can I find the form 990 for Brookset Housing Development Fund Corporation?
Brookset Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.settlementhousingfund.org
Learn more at the official website: www.settlementhousingfund.org
Mission Statement of Brookset Housing Development Fund Corporation
Brookset Housing Development Fund Corporation is committed to providing housing solutions for individuals with low incomes. Situated in Brooklyn, New York, this organization operates a housing facility comprising 35 apartments. The primary mission of Brookset Housing Development Fund Corporation is to make a significant impact on the lives of those in need by offering them a secure and comfortable living space. By providing housing, the organization aims to contribute to the well-being of its residents and help them maintain a stable living environment.
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Impact
July, 2024
Brookset Housing Development Fund Corporation's impact is significant in providing much-needed affordable housing for low-income individuals in Brooklyn, New York. With a total of 35 apartments, this organization plays a crucial role in addressing the housing needs of disadvantaged individuals in the community. By offering affordable housing options, Brookset helps to improve the quality of life for its residents, providing them with stable and secure housing arrangements. Ultimately, Brookset's efforts contribute to the overall well-being and stability of the community by ensuring that individuals have access to safe and affordable housing options.
This information is meant to be a general summary of Brookset 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: $1,607
- Program Service Revenue: $440,755
- Gross Receipts: $510,664
Assets and Liabilities:
- Total Assets: $4,246,542
- Total Liabilities: $1,417,250
- Net Assets: $2,829,292
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$440,755
Organization Details
Founding Year
2001
Phone
(212) 265-6530Principal Officer
Alexa Sewell
Main Address
247 WEST 37TH STREET 4TH FLOOR, NEW YORK, NY, 10018
NTEE Category
Code: L20 - Housing
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