Overview
What is Southside United Housing Development Fund Corporation?
Southside United Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, at 434 South 5th Street. Their primary mission is to develop and provide housing for individuals of modest means, contributing to the growth and satisfaction of their community in Williamsburg. In achieving this goal, they manage around 900 low-income housing units, catering to approximately 900 families. Additionally, the organization offers social services, providing essential information, referrals, advocacy, low-income tax assistance, and monthly groceries to approximately 700 families. Moreover, they assisted approximately 600 tenants in securing improved services from their landlords. The organization's efforts in housing and social services have allowed over 120 residents to maintain a residence within the community.
Official website here: www.southsideunitedhdfc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Southside United Housing Development Fund Corporation has received a score of 81%, reflecting a strong performance primarily in accountability and finance. The organization has achieved full marks for having an independent board and demonstrates effective governance practices, including a conflict of interest policy and a whistleblower policy. The high program expense ratio indicates that a significant portion of its expenditures is directed towards its core mission.
The nonprofit's financial health is further evidenced by a low liabilities to assets ratio, which shows that it is managing its obligations well. Overall, the organization's transparency and commitment to accountability are commendable, providing confidence to donors regarding the proper use of funds.
However, the rating is solely based on the accountability and finance category, suggesting that there may be limited information regarding other aspects of the organization, such as its programmatic impact or operational effectiveness. While the organization shows strengths in governance and financial management, potential donors and stakeholders may seek additional insights into its overall effectiveness and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Southside United Housing Development Fund Corporation legitimate?
Southside United Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southside United 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: $304,152
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,299,931
For more financial information, click here
Official website here: www.southsideunitedhdfc.org
What is the mission statement of Southside United Housing Development Fund Corporation?
The Southside United Housing Development Fund Corporation's mission is centered around creating a thriving and satisfying community. This is achieved by involving and engaging the residents of the community in the development of a more humane environment. The organization has successfully provided housing facilities for over 120 individuals, advocated for better services for approximately 600 tenants, and manages around 900 low-income housing units for approximately 900 families. In addition, they offer various social services such as information and referral services, advocacy, tax help, and monthly groceries to about 700 families.
Official website here: www.southsideunitedhdfc.org
Who is the CEO of Southside United Housing Development Fund Corporation?
Juan Ramos is the Secretary of Southside United Housing Development Fund Corporation.
Official website here: www.southsideunitedhdfc.org
What is the revenue of Southside United Housing Development Fund Corporation?
Southside United Housing Development Fund Corporation's revenue in 2022 was $5,952,196.
Official website here: www.southsideunitedhdfc.org
Who are the executives of Southside United Housing Development Fund Corporation and what are their salaries?
The average compensation at Southside United Housing Development Fund Corporation during 2022 was $36,677. There are 71 employees and 15 volunteers at Southside United Housing Development Fund Corporation.
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- Compensation: $131,594
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Official website here: www.southsideunitedhdfc.org
Where can I find the form 990 for Southside United Housing Development Fund Corporation?
Southside United Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southsideunitedhdfc.org
Learn more at the official website: www.southsideunitedhdfc.org
Mission Statement of Southside United Housing Development Fund Corporation
Southside United Housing Development Fund Corporation, a nonprofit organization, is committed to creating a thriving and inclusive community. Their mission is centered around the active involvement and participation of the residents in the Williamsburg community, aiming to build a more compassionate environment. Despite the increasing rates of displacements and gentrification, Southside United Housing Development Fund Corporation has managed to provide housing facilities for over 120 residents within the community.
Beyond housing, the organization has played a significant role in advocating for better services for tenants. Approximately 600 tenants were aided in obtaining improved services from their landlords. In terms of housing management, Southside United Housing Development Fund Corporation manages approximately 900 low-income dwelling units, providing shelter to around 900 families.
In addition to housing, the nonprofit offers a range of social services. They provide information and referral services, as well as advocacy, to help over 700 families navigate various challenges. Southside United Housing Development Fund Corporation also offers low-income tax help and distributes monthly groceries to support these families. Their efforts are instrumental in empowering and uplifting the community, ensuring that its residents have access to essential resources and support.
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Impact
July, 2024
Southside United Housing Development Fund Corporation has significantly impacted the community by developing and providing housing for persons of low income. Despite the challenges of growing rates of displacements and gentrification, the organization has continued to provide housing facilities to over 120 residents in the community. Additionally, through community housing resources, the agency has organized approximately 600 tenants to obtain better services from their landlords. The organization also manages around 900 low-income dwelling units for approximately 900 families, ensuring stable housing for those in need. Furthermore, Southside United Housing Development Fund Corporation provides social services such as information and referral services, advocacy, low-income tax help, and monthly groceries to approximately 700 families, supporting their overall well-being. Through its mission to create a growing and satisfying community with the involvement and participation of the residents, the organization contributes to building a more humane environment in Brooklyn, NY.
This information is meant to be a general summary of Southside United 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: -$94,398
- Program Service Revenue: $1,742,080
- Gross Receipts: $6,052,410
Assets and Liabilities:
- Total Assets: $10,999,226
- Total Liabilities: $1,294,921
- Net Assets: $9,704,305
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SOCIAL SERVICES INCOME
Revenue
$1,361,520
RENTAL INCOME
Revenue
$217,594
DEVELOPER FEE INCOME
Revenue
$162,966
Organization Details
Founding Year
1972
Phone
(718) 387-3600Principal Officer
Juan Ramos
Main Address
434 SOUTH 5TH STREET, BROOKLYN, NY, 11211
Website
www.southsideunitedhdfc.orgNTEE Category
Code: L21B - Housing
If you are a representative of Southside United 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.