Overview
What is Queens B'Nai B'Rith Housing Development Fund Company Inc?
Queens B'Nai B'Rith Housing Development Fund Company Inc is a nonprofit organization located at 138-49 Elder Avenue, Flushing, New York 11355. Their primary mission is to offer housing solutions for the elderly and individuals with mobility impairments. They currently manage 190 apartments in Flushing, specifically catering to this demographic. With a workforce of nine dedicated individuals, they strive to provide a comfortable living environment for those in need. Their services contribute significantly to the community, ensuring that elderly and handicapped individuals have access to suitable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Queens B'Nai B'Rith Housing Development Fund Company Inc has received a Three-Star rating from Charity Navigator, indicating satisfactory performance in accountability and finance. The charity showcases strong governance practices, with a fully independent board and comprehensive policies in place, which reinforces its commitment to transparency and ethical management.
The organization excels in its program expense ratio, allocating 84.06% of its resources directly to programs, reflecting a strong focus on mission-related activities. Additionally, it has received high marks for its financial management, including an unqualified audit, which demonstrates fiscal responsibility. However, the charity's liabilities to assets ratio presents a potential concern, suggesting that it carries a heavier debt load compared to its assets.
While the strengths in governance and program spending are commendable, the financial leverage indicated by the liabilities to assets ratio may warrant attention for potential risks to sustainability. Overall, the organization appears to be effectively managed with a focus on its charitable mission, but stakeholders should consider the financial ratios when assessing its long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Queens B'Nai B'Rith Housing Development Fund Company Inc legitimate?
Queens B'Nai B'Rith Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Queens B'Nai B'Rith Housing Development Fund Company 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: $633,621
For more financial information, click here
What is the mission statement of Queens B'Nai B'Rith Housing Development Fund Company Inc?
Queens B'Nai B'Rith Housing Development Fund Company Inc is committed to providing housing for individuals who are 62 years of age and older, as well as those with mobility impairments. Their primary mission is to offer housing facilities, as evidenced by the 190 apartments they have in Flushing, New York, which cater specifically to the elderly and handicapped population. The organization's goal is to ensure that these individuals have access to suitable living accommodations, thereby enhancing their quality of life. Their housing solution aims to provide a secure and comfortable environment for the elderly and mobility-impaired individuals, enabling them to live with dignity and independence.
Who is the CEO of Queens B'Nai B'Rith Housing Development Fund Company Inc?
David Wanetik is the Board Member of Queens B'Nai B'Rith Housing Development Fund Company Inc.
What is the revenue of Queens B'Nai B'Rith Housing Development Fund Company Inc?
Queens B'Nai B'Rith Housing Development Fund Company Inc's revenue in 2023 was $3,662,030.
Who are the executives of Queens B'Nai B'Rith Housing Development Fund Company Inc and what are their salaries?
The average compensation at Queens B'Nai B'Rith Housing Development Fund Company Inc during 2023 was $70,402. There are 9 employees at Queens B'Nai B'Rith Housing Development Fund Company Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Queens B'Nai B'Rith Housing Development Fund Company Inc?
Queens B'Nai B'Rith Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Queens B'Nai B'Rith Housing Development Fund Company Inc
Queens B'Nai B'Rith Housing Development Fund Company Inc is a organization committed to providing housing solutions. Specifically, its mission is to offer suitable living spaces for individuals who are 62 years old or above, as well as those with mobility impairments. By doing so, this nonprofit aims to contribute to the well-being and comfort of these individuals, providing them with a secure and accessible home environment. The company manages 190 apartments in Flushing, New York, catering to the elderly and handicapped population.
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Impact
July, 2024
Queens B'Nai B'Rith Housing Development Fund Company Inc's impact is significant in providing housing for the aged and handicapped population in Flushing, New York. Through its 190 apartments, the organization caters to the needs of elderly individuals over the age of 62 and those who are mobility impaired. By offering accessible and affordable housing options, Queens B'Nai B'Rith Housing Development Fund Company Inc contributes to enhancing the quality of life for this vulnerable demographic in the community.
This information is meant to be a general summary of Queens B'Nai B'Rith Housing Development Fund Company 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: $4,569
- Program Service Revenue: $3,648,761
- Gross Receipts: $3,662,030
Assets and Liabilities:
- Total Assets: $4,816,649
- Total Liabilities: $5,744,208
- Net Assets: -$927,559
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,648,761
Organization Details
Founding Year
1980
Phone
(718) 358-1166Principal Officer
David Wanetik
Main Address
138-49 ELDER AVENUE, FLUSHING, NY, 11355
NTEE Category
Code: L220 - Housing
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