Overview
What is Turning Point Housing Development Corporation?
Turning Point Housing Development Corporation is a nonprofit organization located in Brooklyn, New York. Their primary mission is to operate a Title XI housing facility, specifically designed for young adult females aged between 18 and 25. The organization provides a 39-bed transitional housing facility, accessible through referral only. Residents are offered essential amenities such as food, counseling services, and assistance in securing permanent housing placements. The corporation is funded by the New York City Department of Homeless Services, aiming to support and empower young women in need of a secure living environment and the necessary resources for a stable future.
Official website here: www.tpbk.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Stars
Turning Point Housing Development Corporation has received a 74% rating from Charity Navigator, which categorizes it as a Two-Star organization. This score is based exclusively on its Accountability and Finance metrics, indicating that the charity meets several key accountability standards but may have areas needing improvement.
The organization benefits from a fully independent board, which is an essential strength, demonstrating commitment to governance. They have also shown effective management of financial oversight, with no material diversion of assets and a strong program expense ratio of 81.93%, reflecting a significant portion of funds directed towards their mission. Additionally, they maintain important policies such as conflict of interest and whistleblower protections, which are essential for transparency and accountability.
However, the charity faces challenges in its financial health, particularly highlighted by a liabilities-to-assets ratio of 142.09%, suggesting potential financial instability. Additionally, the board size lacks independent members, which may impact governance diversity. While there are strengths in operational policies and program funding, these financial concerns indicate that potential donors should consider the long-term sustainability of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Turning Point Housing Development Corporation legitimate?
Turning Point Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Turning Point Housing Development Corporation 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: $613,607
For more financial information, click here
Official website here: www.tpbk.org
What is the mission statement of Turning Point Housing Development Corporation?
The Turning Point Housing Development Corporation is committed to providing a 39-bed transitional housing facility for female young adults aged 18 to 25. This service is available by referral only and offers more than just shelter. The corporation provides food, a range of counseling services, and referrals to permanent housing placements. Their mission is to support these young adults during this critical stage of their lives, aiming to help them transition into stable, independent living.
Official website here: www.tpbk.org
Who is the CEO of Turning Point Housing Development Corporation?
Janelle Farris is the Chair of Turning Point Housing Development Corporation.
Official website here: www.tpbk.org
What is the revenue of Turning Point Housing Development Corporation?
Turning Point Housing Development Corporation's revenue in 2022 was $1,603,576.
Official website here: www.tpbk.org
Who are the executives of Turning Point Housing Development Corporation and what are their salaries?
Here are 9 key members and their salaries:
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- Related: $219,222
- Other: $13,320
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- Related: $167,576
- Other: $12,959
Official website here: www.tpbk.org
Where can I find the form 990 for Turning Point Housing Development Corporation?
Turning Point Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tpbk.org
Learn more at the official website: www.tpbk.org
Mission Statement of Turning Point Housing Development Corporation
Turning Point Housing Development Corporation is committed to providing a transitional housing facility for female young adults aged between 18 and 25. This organization, available by referral only, offers a 39-bed residence, along with essential provisions such as food and a variety of counseling services. The primary objective of Turning Point Housing Development Corporation is to assist these young women in their transition towards permanent housing placements. The corporation provides a comprehensive range of services tailored to cater to their unique needs, thereby playing a crucial role in their journey towards self-sufficiency and independence.
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Impact
July, 2024
Turning Point Housing Development Corporation's impact can be seen in its provision of a 39-bed transitional housing facility for female young adults aged 18 to 25 in Brooklyn, NY. By offering a safe and supportive environment, along with food, counseling services, and referrals to permanent housing placements, the organization plays a crucial role in helping vulnerable individuals transition out of homelessness and towards a more stable future. Through its focused efforts, Turning Point Housing Development Corporation contributes to addressing the housing needs of this specific demographic and supporting their journey towards independence and self-sufficiency.
This information is meant to be a general summary of Turning Point Housing Development Corporation. 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: $1,603,576
- Gross Receipts: $1,603,576
Assets and Liabilities:
- Total Assets: $891,609
- Total Liabilities: $1,266,915
- Net Assets: -$375,306
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOV'T GRANTS & CONTRAC
Revenue
$1,603,576
Organization Details
Founding Year
1987
Phone
(718) 318-5605Principal Officer
Janelle Farris
Main Address
PO BOX 24630, BROOKLYN, NY, 11202
Website
www.tpbk.orgNTEE Category
Code: L410 - Housing
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