Overview
What is Allen A M E Housing Corp?
Allan A.M.E. Housing Corp is a nonprofit organization situated in Jamaica, New York, specifically at 110 42 Merrick Blvd, 11433. Their primary mission is to offer affordable housing solutions to economically challenged individuals residing in the South Queens neighborhood. They accomplish this by charging below-market rents to eligible tenants. To support these affordable rents, the organization rents out commercial spaces within the buildings to businesses. The income generated from these commercial rentals is used to maintain and repair the buildings, ensuring they remain habitable for their residents. Allan A.M.E. Housing Corp is dedicated to enhancing the living conditions of the South Jamaica Community of Queens, New York, through their affordable housing program.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
Allen A M E Housing Corp has received a commendable Four-Star rating from Charity Navigator, which reflects a strong commitment to accountability and financial integrity. The overall score is solely derived from the Accountability & Finance beacon, indicating that the organization excels in its financial practices, ensuring that resources are used effectively and transparently.
The organization boasts a completely independent board, with 100% of its members meeting this criterion, which enhances its governance structure. Additionally, the fiscal health indicators are positive, with a program expense ratio of nearly 89%, showing that a significant portion of its funding goes directly to its mission-related activities. The presence of established policies on conflicts of interest and whistleblower protections further underscores its commitment to ethical governance.
While the organization demonstrates robust financial practices and operational transparency, the summary does not highlight any specific programmatic impact or outcomes. This absence may limit the understanding of how financial health translates into effectiveness on the ground, suggesting that potential donors and stakeholders may want to seek additional information regarding the organization's broader impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Allen A M E Housing Corp legitimate?
Allen A M E Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allen A M E Housing Corp 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: $205,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $157,541
For more financial information, click here
What is the mission statement of Allen A M E Housing Corp?
Allen A M E Housing Corp's mission is centered around providing affordable housing for economically disadvantaged individuals. The organization operates by offering residential units with rents below market value. To sustain this service, the corporation utilizes commercial spaces within the same buildings, renting them out to businesses. The income generated from these commercial rentals aids in supplementing the low-income housing rents and in maintaining the property's upkeep, ensuring the housing remains habitable for its residents. In essence, Allen A M E Housing Corp is dedicated to improving living conditions for economically challenged individuals, leveraging its commercial spaces to support its residential mission.
Who is the CEO of Allen A M E Housing Corp?
Kevin Howard is the President of Allen A M E Housing Corp.
What is the revenue of Allen A M E Housing Corp?
Allen A M E Housing Corp's revenue in 2022 was $1,334,932.
Who are the executives of Allen A M E Housing Corp and what are their salaries?
The average compensation at Allen A M E Housing Corp during 2022 was $60,424. There are 6 employees at Allen A M E Housing Corp.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $252,327
- Other: $0
- Compensation: $115,000
- Related: $0
- Other: $0
- Compensation: $100,000
- Related: $0
- Other: $0
- Compensation: $90,000
- 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Allen A M E Housing Corp?
Allen A M E Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Allen A M E Housing Corp
Allen A M E Housing Corp, a nonprofit organization, is dedicated to providing affordable housing solutions for economically challenged individuals residing in the South Jamaica community of Queens, New York. The corporation achieves this mission by offering residential units at below-market rates. To sustain its operations and cover maintenance costs, Allen A M E Housing Corp rents out commercial spaces within the same buildings to businesses. This dual-purpose approach ensures that the organization can continue to offer affordable housing to its community while also generating additional income. By providing affordable housing, Allen A M E Housing Corp contributes to the overall well-being of its residents, enabling them to live in a safe and comfortable environment.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Allen A M E Housing Corp's impact is significant in the South Jamaica Community of Queens, New York, as it provides affordable housing to economically challenged individuals in the area. By offering below-market rental rates, the organization ensures that residents have access to safe and affordable housing options. Additionally, the Corporation's collaboration with local development projects further contributes to the provision of affordable housing in the community. Through the rental income generated from commercial spaces within the buildings, Allen A M E Housing Corp is able to sustainably maintain and improve the housing facilities, benefiting both the residents and the local community. This initiative not only addresses the housing needs of the economically challenged individuals but also serves as a vital component in the overall community improvement efforts in South Queens.
This information is meant to be a general summary of Allen A M E Housing Corp. 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.
- Program Service Revenue: $1,334,932
- Gross Receipts: $1,334,932
Assets and Liabilities:
- Total Assets: $8,280,359
- Total Liabilities: $3,944,261
- Net Assets: $4,336,098
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$1,063,113
Other income
Revenue
$206,907
Management fees
Revenue
$49,486
Interest income
Revenue
$15,426
Organization Details
Founding Year
1992
Phone
(718) 657-1863Principal Officer
Kevin Howard
Main Address
110 42 MERRICK BLVD, Jamaica, NY, 11433
NTEE Category
Code: S310 - Community improvement
If you are a representative of Allen A M E Housing Corp 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.