Overview
What is Sunset Park Hsg Development Fund Company?
Sunset Park Housing Development Fund Company is a nonprofit organization situated at 191 Joralemon Street, Brooklyn, New York (11201). Their primary focus is to offer safe and affordable housing solutions to elderly and disabled individuals with low income, as stated under HUD Section 202 of the National Housing Act. They manage a 15-unit housing project that caters to this specific demographic, aiming to ensure their comfort and well-being.
Official website here: www.ccbq.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%)
Sunset Park Housing Development Fund Company has received a two-star rating, indicating a need for improvement in its operations. The organization scores well in areas such as financial statements and oversight, demonstrating effective management of material assets and adherence to policies like conflict of interest and whistleblower protections. However, the lack of independent board members raises concerns about governance and accountability.
Despite a strong program expense ratio of 89.80%, signifying that a large portion of its funds goes directly to programs, the organization struggles with a high liabilities to assets ratio of 141.25%. This financial aspect may limit its long-term sustainability and ability to respond to unforeseen challenges. Additionally, the absence of a posted tax form on its website detracts from transparency efforts.
Overall, while the Sunset Park Housing Development Fund Company shows promise in program effectiveness and policy adherence, improvements in board independence and financial health are essential for enhancing its rating and trustworthiness among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Sunset Park Hsg Development Fund Company legitimate?
Sunset Park Hsg Development Fund Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sunset Park Hsg Development Fund Company 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: $0
For more financial information, click here
Official website here: www.ccbq.org
What is the mission statement of Sunset Park Hsg Development Fund Company?
The Sunset Park Housing Development Fund Company is dedicated to providing safe and affordable housing opportunities for elderly and disabled individuals of low income. This mission is carried out through the operation of a 15-unit housing project, which falls under HUD Section 202 of the National Housing Act, specifically designed for this demographic. The company aims to make housing accessible for those who might otherwise face challenges due to their age or disability and their limited financial resources.
Official website here: www.ccbq.org
Who is the CEO of Sunset Park Hsg Development Fund Company?
Jeanne M Diulio is the Cfo (Thru 12/31/21) of Sunset Park Hsg Development Fund Company. The CEO's salary of Sunset Park Hsg Development Fund Company is $0 and their total compensation is $43,612.
Official website here: www.ccbq.org
What is the revenue of Sunset Park Hsg Development Fund Company?
Sunset Park Hsg Development Fund Company's revenue in 2022 was $676,299.
Official website here: www.ccbq.org
Who are the executives of Sunset Park Hsg Development Fund Company and what are their salaries?
Here are 10 key members and their salaries (Sunset Park Hsg Development Fund Company's CEO's salary is $0 and their total compensation is $43,612):
- Compensation: $0
- Related: $281,091
- Other: $8,117
- Compensation: $0
- Related: $186,761
- Other: $19,438
- Compensation: $0
- Related: $159,468
- Other: $40,415
- Compensation: $0
- Related: $162,994
- Other: $21,195
- Compensation: $0
- Related: $140,193
- Other: $40,597
- Compensation: $0
- Related: $158,241
- Other: $16,129
- Compensation: $0
- Related: $141,607
- Other: $27,615
- Compensation: $0
- Related: $139,730
- Other: $18,149
- Compensation: $0
- Related: $46,097
- Other: $1,504
- Compensation: $0
- Related: $37,111
- Other: $6,501
Official website here: www.ccbq.org
Where can I find the form 990 for Sunset Park Hsg Development Fund Company?
Sunset Park Hsg Development Fund Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccbq.org
Learn more at the official website: www.ccbq.org
Mission Statement of Sunset Park Hsg Development Fund Company
Sunset Park Housing Development Fund Company, as its name suggests, is dedicated to providing safe and affordable housing for elderly and disabled individuals of low income. The organization's mission is centered around this commitment, striving to make a significant impact in the lives of those who may otherwise struggle to secure suitable housing. By owning and operating a 15-unit housing project under HUD Section 202 of the National Housing Act, Sunset Park Housing Development Fund Company is able to cater specifically to the needs of the elderly and disabled population, ensuring they have a place to call home that is both secure and affordable. This mission underscores the organization's dedication to improving the living conditions and quality of life for these vulnerable groups, thereby promoting their overall well-being.
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Impact
July, 2024
Sunset Park Hsg Development Fund Company's impact lies in its provision of safe and affordable housing for elderly and disabled individuals of low income. By owning and operating a 15-unit housing project under HUD Section 202 of the National Housing Act in Brooklyn, NY, this organization directly addresses the housing needs of a vulnerable population. The tangible outcome of their work is the creation of a secure and supportive living environment for those in need, ensuring that these individuals have a place to call home that is both affordable and suitable to their unique needs. Through their mission to provide safe and affordable housing, Sunset Park Hsg Development Fund Company contributes to enhancing the quality of life for elderly and disabled persons of low income, making a meaningful impact on the community they serve.
This information is meant to be a general summary of Sunset Park Hsg Development Fund Company. 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.
- Investment Income: $46
- Program Service Revenue: $675,160
- Gross Receipts: $676,299
Assets and Liabilities:
- Total Assets: $426,243
- Total Liabilities: $657,293
- Net Assets: -$231,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$675,160
Organization Details
Founding Year
1979
Phone
(718) 722-6150Principal Officer
Jeanne M Diulio
Main Address
191 JORALEMON STREET, BROOKLYN, NY, 11201
Website
www.ccbq.orgNTEE Category
Code: L21 - Housing
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