Overview
What is St Joseph's Village For Senior Citizen Housing Development Fund Co Inc?
St. Joseph's Village for Senior Citizen Housing Development Fund Co Inc is a nonprofit organization situated in Hicksville, New York. With a mission to offer affordable housing, they have established 200 units specifically catering to individuals of limited means. The organization operates in Selen, New York, where the need for such accommodations is substantial but not adequately met. Apart from housing, St. Joseph's Village manages a HUD multi-family project primarily for the elderly, ensuring a comfortable living environment for the senior population.
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%, Four-Star out of Four Star rating.
St Joseph's Village For Senior Citizen Housing Development Fund Co Inc has received a strong rating of 94%, reflecting excellent performance in accountability and finance. This rating indicates that the organization effectively manages its finances and adheres to high standards of transparency, making it a trustworthy option for potential donors. The evaluation is entirely based on financial metrics, showcasing a robust financial health.
The organization boasts an independent board of directors with 100% independent members, which enhances governance and decision-making processes. It has also demonstrated diligent oversight with a fully compliant audit and oversight committee. Additionally, the charity has no material diversions of assets and maintains comprehensive policies around conflicts of interest and whistleblowing, further reinforcing its commitment to ethical practices.
On the financial side, the charity maintains a high program expense ratio of nearly 92%, indicating that the majority of its funds are directed towards its mission rather than administrative costs. This is a positive sign for supporters, suggesting that their contributions are making a direct impact on the services provided. Overall, St Joseph's Village for Senior Citizen Housing Development Fund Co Inc presents itself as a financially sound and responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is St Joseph's Village For Senior Citizen Housing Development Fund Co Inc legitimate?
St Joseph's Village For Senior Citizen Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Joseph's Village For Senior Citizen Housing Development Fund Co Inc 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: $290,719
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What is the mission statement of St Joseph's Village For Senior Citizen Housing Development Fund Co Inc?
St. Joseph's Village for Senior Citizen Housing Development Fund Co Inc is committed to providing affordable housing for eligible low-income families and individuals. Operating on a not-for-profit basis, the organization offers 200 units of affordable rental housing in areas where such housing is not readily available. The mission of St. Joseph's Village is to contribute to the well-being of its residents by offering them a secure and affordable living environment. The corporation strives to make a positive impact in the lives of those in need, providing them with a place they can call home. By doing so, St. Joseph's Village plays a crucial role in promoting social equality and ensuring that everyone, regardless of their income, has access to basic housing needs.
Who is the CEO of St Joseph's Village For Senior Citizen Housing Development Fund Co Inc?
Richard Balcom is the President of St Joseph's Village For Senior Citizen Housing Development Fund Co Inc.
What is the revenue of St Joseph's Village For Senior Citizen Housing Development Fund Co Inc?
St Joseph's Village For Senior Citizen Housing Development Fund Co Inc's revenue in 2023 was $4,483,894.
Who are the executives of St Joseph's Village For Senior Citizen Housing Development Fund Co Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for St Joseph's Village For Senior Citizen Housing Development Fund Co Inc?
St Joseph's Village For Senior Citizen Housing Development Fund Co Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Joseph's Village For Senior Citizen Housing Development Fund Co Inc
St. Joseph's Village for Senior Citizen Housing Development Fund Co Inc, as a not-for-profit entity, is dedicated to providing affordable housing solutions. Its mission is centered around serving eligible low-income families and individuals. The organization operates under the umbrella of the U.S. Department of Housing and Urban Development (HUD), offering 200 units of affordable rental housing in Seldon, New York. Recognizing the lack of adequate housing options for such individuals, St. Joseph's Village steps in to fill this gap, providing a sanctuary where people of limited means can reside.
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Impact
July, 2024
St Joseph's Village for Senior Citizen Housing Development Fund Co Inc provides 200 units of affordable rental housing for persons of limited means in Selden, New York. This organization plays a crucial role in addressing the lack of adequate housing for low-income individuals in the area. By offering affordable housing options, St Joseph's Village helps improve the quality of life for seniors in the community who may otherwise struggle to find suitable and affordable living arrangements. This impact contributes to the overall wellbeing and stability of the senior population in Selden, NY.
This information is meant to be a general summary of St Joseph's Village For Senior Citizen Housing Development Fund Co Inc. 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 2023.
- Investment Income: $557,187
- Program Service Revenue: $3,918,683
- Gross Receipts: $4,483,894
Assets and Liabilities:
- Total Assets: $16,984,404
- Total Liabilities: $258,295
- Net Assets: $16,726,109
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDY REVENUE
Revenue
$3,065,828
PROGRAM SERVICE REVENU
Revenue
$852,855
Organization Details
Founding Year
1980
Phone
(516) 733-7032Principal Officer
Richard Balcom
Main Address
90 CHERRY LANE, HICKSVILLE, NY, 118016232
NTEE Category
Code: L22 - Housing
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