Overview
What is St John's Senior Citizen Housing Development Fund Co Inc?
St. John's 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 provide affordable housing for individuals with limited means, recognizing a lack of such accommodations in the Freeport area. The organization operates under Section 202 of the U.S. Department of Housing and Urban Development (HUD), managing a multifamily project specifically designed for the elderly. Their initiative aims to provide high-quality, reasonably priced housing for eligible low-income families and individuals, contributing positively to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
St John's Senior Citizen Housing Development Fund Co Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored 94% in these areas, indicating effective management of its resources and a high level of transparency in operations.
The charity boasts a fully independent board composed of eight members, contributing to its strong governance structure. It has no reported issues related to asset diversion and has established comprehensive policies for conflict of interest, whistleblower protections, and document retention. Additionally, the organization has demonstrated a robust financial health with a program expense ratio of 85.09%, ensuring that a significant portion of funds is allocated toward its mission.
Despite these strengths, the evaluation focuses solely on accountability and finance, leaving out other potential aspects of organizational impact that could be relevant for a more comprehensive understanding of the charity's overall effectiveness. However, the metrics provided indicate a solid foundation for trust and reliability in the charity's operations.
This AI summary has been generated from information found on Charity Navigator.
Is St John's Senior Citizen Housing Development Fund Co Inc legitimate?
St John's Senior Citizen Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St John's 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: $174,934
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What is the mission statement of St John's Senior Citizen Housing Development Fund Co Inc?
St. John's Senior Citizen Housing Development Fund Co Inc is dedicated to providing affordable housing options. Operating on a not-for-profit basis, the organization offers 97 units of housing for individuals and families with limited income. This mission is specifically focused on addressing the lack of adequate housing for such individuals, ensuring they have a place to call home. The organization's primary aim is to make housing more accessible for those who need it most, contributing to a more inclusive community.
Who is the CEO of St John's Senior Citizen Housing Development Fund Co Inc?
Richard Balcom is the President of St John's Senior Citizen Housing Development Fund Co Inc.
What is the revenue of St John's Senior Citizen Housing Development Fund Co Inc?
St John's Senior Citizen Housing Development Fund Co Inc's revenue in 2023 was $2,284,094.
Who are the executives of St John's 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 St John's Senior Citizen Housing Development Fund Co Inc?
St John's Senior Citizen Housing Development Fund Co Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St John's Senior Citizen Housing Development Fund Co Inc
St. John's Senior Citizen Housing Development Fund Co Inc, as a not-for-profit organization, is committed to providing affordable housing for eligible low-income families and individuals. Their mission is centered around creating a living space that caters to persons of limited means, addressing a housing shortage in some areas. By owning and operating a Section 202 HUD multifamily project, St. John's Senior Citizen Housing Development Fund Co Inc ensures that affordable housing becomes a reality for those who require it, thereby contributing to their well-being.
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Impact
July, 2024
St John's Senior Citizen Housing Development Fund Co Inc provides a critical service by owning and operating a Section 202 HUD multifamily project for the elderly in Freeport, New York. The organization offers 97 units of affordable rental housing for persons of limited means in an area where adequate housing options are limited. This initiative directly addresses the pressing need for affordable housing for low-income families and individuals, helping to improve their quality of life and overall well-being. The impact of St John's Senior Citizen Housing Development Fund Co Inc extends beyond just providing shelter, as it contributes to creating a supportive community for seniors in need.
This information is meant to be a general summary of St John's 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: $135,103
- Program Service Revenue: $2,139,218
- Gross Receipts: $2,284,094
Assets and Liabilities:
- Total Assets: $5,331,731
- Total Liabilities: $2,651,548
- Net Assets: $2,680,183
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING ASSIST. PAYMEN
Revenue
$1,777,538
PROGRAM SERVICE REVENU
Revenue
$361,680
Organization Details
Founding Year
1984
Phone
(516) 733-7032Principal Officer
Richard Balcom
Main Address
90 CHERRY LANE, HICKSVILLE, NY, 118016232
NTEE Category
Code: L22 - Housing
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