Overview
What is Windmill Housing Development Fund Company Inc?
Windmill Housing Development Fund Company Inc, located in East Hampton, New York, serves as a nonprofit organization with a mission to provide affordable housing for senior citizens who qualify for Section 8 subsidies from the U.S. Department of Housing and Urban Development. With a small workforce of nine dedicated individuals, this organization strives to make housing accessible for low and moderate-income seniors, contributing to their overall well-being and community integration. The company's activities are centered around this mission, providing affordable living options for its target demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating 75% - Three-Star out of Four Star Rating
Windmill Housing Development Fund Company Inc has earned a Three-Star rating from Charity Navigator, indicating a good level of accountability and financial performance. The overall score reflects strong governance practices, with an entirely independent board and a robust conflict of interest policy. The charity demonstrates diligent financial oversight, highlighted by a clean audit and proper documentation protocols.
A notable strength of the organization is its high program expense ratio, with 87.62% of its expenditures directed toward its programs. This suggests a commitment to utilizing funds effectively to fulfill its mission. The absence of any material diversion of assets further reinforces its integrity in financial management.
However, the organization faces a significant challenge with its liabilities to assets ratio, which stands at 270.23%. This may raise concerns about its financial stability and long-term sustainability. Overall, while Windmill Housing Development Fund Company Inc exhibits strong accountability practices, addressing its financial ratios could enhance its overall performance and public confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Windmill Housing Development Fund Company Inc legitimate?
Windmill Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Windmill Housing Development Fund Company 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: $363,382
For more financial information, click here
What is the mission statement of Windmill Housing Development Fund Company Inc?
Windmill Housing Development Fund Company Inc's mission is centered around providing affordable housing solutions. Specifically, they aim to cater to the needs of senior citizens who fall under the categories of low and moderate income. To achieve this, they work with the U.S. Department of Housing and Urban Development, securing Section 8 subsidies to offer affordable living spaces. Their primary goal is to ensure that elderly individuals with limited financial resources have access to suitable housing, thereby enhancing their quality of life.
Who is the CEO of Windmill Housing Development Fund Company Inc?
Edward Ecker Jr is the Chairman of Windmill Housing Development Fund Company Inc.
What is the revenue of Windmill Housing Development Fund Company Inc?
Windmill Housing Development Fund Company Inc's revenue in 2022 was $851,734.
Who are the executives of Windmill Housing Development Fund Company Inc and what are their salaries?
The average compensation at Windmill Housing Development Fund Company Inc during 2022 was $40,376. There are 9 employees and 5 volunteers at Windmill Housing Development Fund Company Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Windmill Housing Development Fund Company Inc?
Windmill Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Windmill Housing Development Fund Company Inc
Windmill Housing Development Fund Company Inc is dedicated to providing affordable housing solutions for senior citizens who fall under the category of low and moderate income earners. This nonprofit organization's mission is to accommodate these individuals by offering them housing that aligns with their financial capabilities, ensuring they can maintain a comfortable living situation. To achieve this goal, Windmill Housing Development Fund Company Inc relies on Section 8 subsidies from the U.S. Department of Housing and Urban Development. This government assistance enables the organization to provide affordable housing to tenants who meet the necessary income requirements, thereby ensuring that senior citizens can continue to live with dignity and security.
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Impact
July, 2024
Windmill Housing Development Fund Company Inc's impact is significant as it provides affordable housing for low and moderate-income senior citizens in East Hampton, NY. By offering housing options for those who qualify for Section 8 subsidies from the U.S. Department of Housing and Urban Development, Windmill Housing Development Fund Company Inc plays a crucial role in ensuring that vulnerable and underserved populations have access to safe and affordable housing. This, in turn, contributes to the overall well-being and quality of life for senior citizens in the community.
This information is meant to be a general summary of Windmill Housing Development Fund Company 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 2022.
- Investment Income: $42
- Program Service Revenue: $213,831
- Gross Receipts: $851,734
Assets and Liabilities:
- Total Assets: $502,103
- Total Liabilities: $1,510,604
- Net Assets: -$1,008,501
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFORDABLE HOUSING RENTS
Revenue
$213,831
Organization Details
Founding Year
1985
Phone
(631) 324-7195Principal Officer
Edward Ecker Jr
Main Address
207 ACCABONAC ROAD, EAST HAMPTON, NY, 11937
NTEE Category
Code: L21Z - Housing
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