Overview
What is Israel Senior Citizens Housing Development Fund Corporation?
Israel Senior Citizens Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 247 WEST 37TH STREET 9TH FLOOR, New York, NY 10018. Their primary mission is to provide affordable housing and social services to low-income older adults living independently. They have developed a project containing 512 units in Queens, New York. To enhance the residents' well-being, an on-site service coordinator promotes various activities and supports their independence within the community. The organization is an integral part of JASA's comprehensive network of services for older adults, offering both affordable housing and social assistance.
Official website here: www.jasa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Israel Senior Citizens Housing Development Fund Corporation has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a score of 60%. While the organization excels in accountability and finance, receiving a perfect score in this area, other financial metrics indicate significant concerns, particularly with a liabilities to assets ratio of 122.42%, which raises red flags regarding financial stability.
The organization demonstrates strong governance practices, with a fully independent board and effective oversight mechanisms in place. This includes comprehensive policies for conflict of interest, whistleblower protections, and document retention, which suggests a commitment to transparency and ethical management. However, the program expense ratio of 46.81% indicates less than half of its expenditures are directed toward program services, which may impact its overall effectiveness and community impact.
Overall, while the nonprofit is well-managed in terms of governance and accountability, its financial challenges and low investment in programmatic activities highlight areas that require improvement to better serve its mission and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Israel Senior Citizens Housing Development Fund Corporation legitimate?
Israel Senior Citizens Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Israel Senior Citizens 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: $914,487
For more financial information, click here
Official website here: www.jasa.org
What is the mission statement of Israel Senior Citizens Housing Development Fund Corporation?
The Israel Senior Citizens Housing Development Fund Corporation is committed to providing affordable housing and social services to low-income older adults who wish to live independently. As part of the JASA's comprehensive network of services for older adults, this corporation plays a significant role in this mission. The organization offers affordable housing and auxiliary facilities, currently housing 512 units in Queens, New York. In addition, an on-site service coordinator is provided to promote wellness activities and support residents in living independently within the community. The mission of the Israel Senior Citizens Housing Development Fund Corporation is to enhance the quality of life for low-income older adults by offering them a safe and supportive living environment while preserving their independence.
Official website here: www.jasa.org
Who is the CEO of Israel Senior Citizens Housing Development Fund Corporation?
Kathryn Haslanger is the Ceo of Israel Senior Citizens Housing Development Fund Corporation. The CEO's salary of Israel Senior Citizens Housing Development Fund Corporation is $0 and their total compensation is $463,039.
Official website here: www.jasa.org
What is the revenue of Israel Senior Citizens Housing Development Fund Corporation?
Israel Senior Citizens Housing Development Fund Corporation's revenue in 2022 was $10,489,229.
Official website here: www.jasa.org
Who are the executives of Israel Senior Citizens Housing Development Fund Corporation and what are their salaries?
The average compensation at Israel Senior Citizens Housing Development Fund Corporation during 2022 was $17,931. There are 51 employees and 1 volunteer at Israel Senior Citizens Housing Development Fund Corporation.
Here are 6 key members and their salaries (Israel Senior Citizens Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $463,039):
- Compensation: $0
- Related: $217,895
- Other: $11,230
- Compensation: $0
- Related: $293,108
- Other: $30,990
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $420,774
- Other: $42,265
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $301,473
- Other: $56,853
Official website here: www.jasa.org
Where can I find the form 990 for Israel Senior Citizens Housing Development Fund Corporation?
Israel Senior Citizens Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jasa.org
Learn more at the official website: www.jasa.org
Mission Statement of Israel Senior Citizens Housing Development Fund Corporation
Israel Senior Citizens Housing Development Fund Corporation is dedicated to providing affordable housing and essential social services to low-income older adults who wish to live independently. As a part of JASA's comprehensive network of services for seniors, this organization plays a crucial role in supporting the housing needs and well-being of this particular demographic.
The corporation operates a project that includes 512 housing units, specifically designed for older adults with limited income. This project goes beyond just offering affordable living spaces; it also provides auxiliary facilities to cater to the unique needs of its residents. Furthermore, an on-site service coordinator is assigned to promote wellness activities and offer support to residents, enabling them to thrive in their independent living communities. This coordinator's role is instrumental in fostering a sense of community and ensuring that the older adults have the resources and assistance they need to maintain their independence.
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Impact
July, 2024
Israel Senior Citizens Housing Development Fund Corporation's impact is significant in providing affordable housing and social services to low-income older adults living independently in Queens, New York. Through its 512 units, the organization offers a vital resource for older adults with limited financial means. Additionally, by providing auxiliary facilities and an on-site service coordinator, the corporation supports the well-being and independence of its residents.
This initiative plays a crucial role in promoting the welfare of older adults within the community, ensuring that they have access to safe and affordable housing as well as necessary support services. By being part of JASA's comprehensive network of services for older adults, the Israel Senior Citizens Housing Development Fund Corporation contributes to enhancing the quality of life for its residents and positively impacting the community as a whole.
This information is meant to be a general summary of Israel Senior Citizens 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: $30,276
- Program Service Revenue: $10,383,326
- Gross Receipts: $10,489,229
Assets and Liabilities:
- Total Assets: $58,876,904
- Total Liabilities: $74,236,485
- Net Assets: -$15,359,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$10,325,796
TENANT CHARGES & LAUNDRY
Revenue
$57,530
Organization Details
Founding Year
1964
Phone
(212) 273-5200Principal Officer
Kathryn Haslanger
Main Address
247 WEST 37TH STREET 9TH FLOOR, NEW YORK, NY, 10018
Website
www.jasa.orgNTEE Category
Code: L22Z - Housing
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