Overview
What is Suburban Housing Development & Research Inc?
Suburban Housing Development & Research Inc, based in Bay Shore, New York, is a nonprofit organization dedicated to preserving and restoring housing units, with a focus on providing permanent housing for families in need. With a team of 20 employees, their primary mission is to offer subsidized housing solutions to individuals and families who require such assistance. The organization's activities revolve around facilitating housing for those who require it, contributing to the well-being and stability of local communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Suburban Housing Development & Research Inc has earned a Three-Star rating from Charity Navigator, primarily based on its Accountability & Finance score of 82%. The organization's board is entirely independent, demonstrating strong governance practices, and it maintains a good score on financial oversight and conflict of interest policies. Additionally, the program expense ratio is commendable at 84.53%, indicating a significant portion of funds is directed towards its mission.
Despite its positive financial indicators, user feedback reveals serious concerns regarding the living conditions provided by the organization. A review details a troubling experience of mold and pest infestations in their housing, leading to health issues for residents, particularly affecting children. Complaints include inadequate maintenance and unresponsive management, which has resulted in significant dissatisfaction among those relying on their services.
These contrasting perspectives highlight a potential disconnect between the organization's financial health and the quality of support it offers to its clients. While the organization adheres to strong financial practices, the negative experiences reported by some individuals suggest a need for improvement in the quality of housing and responsiveness to tenant concerns.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Suburban Housing Development & Research Inc legitimate?
Suburban Housing Development & Research Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Suburban Housing Development & Research 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: $85,591
Professional Fundraising Fees: $0
Other Salaries and Wages: $483,228
For more financial information, click here
What is the mission statement of Suburban Housing Development & Research Inc?
Suburban Housing Development & Research Inc is committed to serving individuals and families in need by providing them with subsidized housing. Their mission is centered around ensuring that suitable housing units are preserved and restored, and these are made available for families seeking permanent housing solutions. The organization's primary goal is to ensure that those who require affordable housing have access to it. They strive to contribute positively to the living situations of these families, promoting stable housing environments.
Who is the CEO of Suburban Housing Development & Research Inc?
David Hilgendorff is the Executive Director of Suburban Housing Development & Research Inc.
What is the revenue of Suburban Housing Development & Research Inc?
Suburban Housing Development & Research Inc's revenue in 2023 was $2,539,537.
Who are the executives of Suburban Housing Development & Research Inc and what are their salaries?
The average compensation at Suburban Housing Development & Research Inc during 2023 was $28,441. There are 20 employees at Suburban Housing Development & Research Inc.
Here are 5 key members and their salaries:
- Compensation: $85,591
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Suburban Housing Development & Research Inc?
Suburban Housing Development & Research Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Suburban Housing Development & Research Inc
Suburban Housing Development & Research Inc, as a nonprofit organization, is committed to providing housing solutions for individuals and families who require subsidized housing. This mission is accomplished through a twofold approach: preserving and restoring existing housing units, and offering permanent housing options for these families in need. By undertaking these initiatives, the organization aims to make a significant contribution to the community, ensuring that everyone has access to a safe and stable living environment.
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Impact
July, 2024
Suburban Housing Development & Research Inc makes a significant impact by providing housing to individuals and families in need of subsidized housing. Through their work to preserve and restore housing units, they not only offer a place to stay but also contribute to the overall betterment of communities. By ensuring that families have access to safe and stable housing, they are helping to address issues of homelessness and housing insecurity. In doing so, they are making a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Suburban Housing Development & Research 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: $34
- Program Service Revenue: $1,733,960
- Gross Receipts: $2,539,537
Assets and Liabilities:
- Total Assets: $5,897,837
- Total Liabilities: $3,250,382
- Net Assets: $2,647,455
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income on
Revenue
$1,733,960
Subsidized Housing
Organization Details
Founding Year
1981
Principal Officer
David Hilgendorff
Main Address
PO BOX 5012, Bay Shore, NY, 11706
NTEE Category
Code: L25Z - Housing
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