Overview
What is Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc?
Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc is a nonprofit organization situated in Hicksville, New York, specifically at 90 Cherry Lane. Their primary mission is to offer affordable rental housing for individuals with limited means, who may not have adequate housing options in Oceanside, New York. The nonprofit operates and manages a Section 202 HUD multifamily project specifically catering to the elderly. Their main objective is to provide affordable housing for eligible low-income families and individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94%
Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc has received an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization’s overall score is primarily based on its exemplary financial practices, with a perfect score in several key areas, indicating a commitment to transparency and responsible management of resources.
The charity boasts a fully independent board, which enhances its governance structure, and it demonstrates sound fiscal responsibility with a low liabilities-to-assets ratio. Furthermore, its program expense ratio of 84.51% signifies that the majority of funds are directed toward its mission, ensuring that resources are effectively utilized for the benefit of senior citizens in need of housing support.
While the financial assessment is robust, potential donors may want to consider additional factors such as program impact and community feedback, which are not covered in the financial rating. Overall, the charity displays a solid commitment to accountability, making it a trustworthy option for those looking to support senior housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc legitimate?
Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bishop Kellenberg Gardens 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: $113,268
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What is the mission statement of Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc?
Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc's mission is centered around providing affordable housing. Operating on a not-for-profit basis, the organization offers 58 units of rental housing for individuals and families with limited means. Their focus is on senior citizens, as they operate a Section 202 HUD multifamily project specifically for the elderly. This organization's mission aims to cater to the housing needs of those who may not have adequate housing options available to them.
Who is the CEO of Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc?
Richard Balcom is the President of Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc.
What is the revenue of Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc?
Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc's revenue in 2023 was $1,622,157.
Who are the executives of Bishop Kellenberg Gardens 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 Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc?
Bishop Kellenberg Gardens 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 Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc
Bishop Kellenberg Gardens For Senior Citizen Housing Development Fund Co Inc is dedicated to providing affordable housing for eligible low-income families and individuals. Operating on a not-for-profit basis, this organization offers 58 units of affordable rental housing in Oceanside, New York. Recognizing that adequate housing is scarce for such individuals, Bishop Kellenberg Gardens steps in to fill this void, ensuring that persons of limited means have a place to call home.
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Impact
July, 2024
Bishop Kellenberg Gardens for Senior Citizen Housing Development Fund Co Inc's impact primarily revolves around providing 58 units of affordable rental housing for seniors with limited means in Oceanside, New York. This initiative addresses the lack of adequate housing options for seniors in the area, ensuring that eligible low-income individuals and families have access to safe and affordable living spaces. By offering this essential support, the organization contributes to enhancing the quality of life for seniors and promoting community well-being in Oceanside.
This information is meant to be a general summary of Bishop Kellenberg Gardens 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: $68,767
- Program Service Revenue: $1,551,684
- Gross Receipts: $1,622,157
Assets and Liabilities:
- Total Assets: $3,152,753
- Total Liabilities: $631,407
- Net Assets: $2,521,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDY REVENUE
Revenue
$1,280,369
PROGRAM SERVICE REVENU
Revenue
$268,555
GARAGE & PARKING
Revenue
$2,760
Organization Details
Founding Year
1984
Phone
(516) 733-7032Principal Officer
Richard Balcom
Main Address
90 CHERRY LANE, HICKSVILLE, NY, 118016232
NTEE Category
Code: L21Z - Housing
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