Overview
What is Marien-Heim Of Sunset Park Housing Development Fund Corporation?
Marien-Heim of Sunset Park Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York. With a focus on senior citizens and individuals with mobility impairments, it operates a 167-unit housing facility, funded by the United States Department of Housing and Urban Development (HUD). The organization's primary mission is to provide subsidized housing for these specific groups, ensuring their comfort and safety. Regulated by HUD, Marien-Heim adheres to strict guidelines regarding rent charges and operational methods. The organization is run by a small workforce of eight dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Marien-Heim Of Sunset Park Housing Development Fund Corporation received a Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and finance practices. The score reflects a strong commitment to governance, demonstrated by a board comprised entirely of independent members and robust financial oversight mechanisms. The charity exhibits a high program expense ratio, suggesting that a significant portion of its resources is directed toward its mission.
While the organization showcases numerous strengths in governance and financial management, it faces a notable challenge with its liabilities to assets ratio, which stands at 102.16%. This indicates potential financial vulnerability as the liabilities exceed the assets. Despite this, the absence of any material diversion of assets and the presence of essential policies, such as conflict of interest and whistleblower policies, enhance its credibility.
Overall, the charity's strong commitment to transparency and accountability is commendable, although stakeholders should be aware of the existing financial ratios that may warrant further scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Marien-Heim Of Sunset Park Housing Development Fund Corporation legitimate?
Marien-Heim Of Sunset Park Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marien-Heim Of Sunset Park 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: $625,792
For more financial information, click here
What is the mission statement of Marien-Heim Of Sunset Park Housing Development Fund Corporation?
Marien-Heim of Sunset Park Housing Development Fund Corporation is dedicated to providing senior living accommodations for individuals with mobility impairments. This housing project is funded by the U.S. Department of Housing and Urban Development. The mission of Marien-Heim is to offer a residential environment that caters to the elderlies, ensuring their safety and comfort. The project operates a 167-unit facility in Brooklyn, New York, in compliance with Section 202 of the National Housing Act. Regulated by the U.S. Department of Housing and Urban Development, the project adheres to guidelines regarding rent charges and operational methods.
Who is the CEO of Marien-Heim Of Sunset Park Housing Development Fund Corporation?
Joseph K Windels is the President of Marien-Heim Of Sunset Park Housing Development Fund Corporation.
What is the revenue of Marien-Heim Of Sunset Park Housing Development Fund Corporation?
Marien-Heim Of Sunset Park Housing Development Fund Corporation's revenue in 2023 was $3,257,083.
Who are the executives of Marien-Heim Of Sunset Park Housing Development Fund Corporation and what are their salaries?
The average compensation at Marien-Heim Of Sunset Park Housing Development Fund Corporation during 2023 was $78,224. There are 8 employees at Marien-Heim Of Sunset Park Housing Development Fund Corporation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Marien-Heim Of Sunset Park Housing Development Fund Corporation?
Marien-Heim Of Sunset Park Housing Development Fund Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Marien-Heim Of Sunset Park Housing Development Fund Corporation
Marien-Heim of Sunset Park Housing Development Fund Corporation is a dedicated organization with a mission to serve the elderly and mobility-impaired community. Subsidized by the U.S. Department of Housing and Urban Development, this nonprofit provides housing solutions that cater to the unique needs of its residents. Marien-Heim operates a 167-unit housing project, regulated by the U.S. Department of Housing and Urban Development, ensuring appropriate rent charges and operating methods. The project is located in Brooklyn, NY, and is established under Section 202 of the National Housing Act, offering a secure living environment for its seniors and mobility-impaired residents.
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Impact
July, 2024
Marien-Heim Of Sunset Park Housing Development Fund Corporation's impact can be seen in providing affordable housing for senior citizens and mobility-impaired individuals in Brooklyn, NY. By operating a 167-unit housing project subsidized by the US Department of Housing and Urban Development, Marien-Heim plays a crucial role in ensuring these vulnerable populations have a safe and comfortable place to live. The organization's mission to provide housing for seniors and mobility-impaired individuals aligns with the broader goal of promoting inclusive and supportive communities. Through its activities, Marien-Heim contributes to enhancing the quality of life for its residents and addressing the housing needs of these specific demographic groups.
This information is meant to be a general summary of Marien-Heim Of Sunset Park 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 2023.
- Investment Income: $863
- Program Service Revenue: $3,216,820
- Gross Receipts: $3,257,083
Assets and Liabilities:
- Total Assets: $6,933,434
- Total Liabilities: $7,083,260
- Net Assets: -$149,826
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SEC.8 HUD ASST PAYMENT
Revenue
$2,686,156
RENTAL INCOME
Revenue
$530,664
Organization Details
Founding Year
1978
Phone
(718) 492-6833Principal Officer
Joseph K Windels
Main Address
4520 4TH AVENUE, BROOKLYN, NY, 11220
NTEE Category
Code: L210 - Housing
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