Overview
What is Urban Resource Housing Development Fund?
The Urban Resource Housing Development Fund, established in 1987, is a charitable organization based in New York City. Initially, its purpose was to provide housing for survivors of domestic violence, especially for individuals of low income. However, over the years, the organization has solely served as a title holder for properties. The actual maintenance, development, and operation of these properties have been delegated to Urban Resource Institute since its inception. The primary mission of the Urban Resource Housing Development Fund remains to offer transitional housing for victims of domestic violence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
Urban Resource Housing Development Fund has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability. The charity achieved a perfect score in governance aspects such as having a majority of independent board members and an established conflict of interest policy, which reflects strong organizational oversight. However, it struggled with financial ratios, particularly showing no program expenses reported, which raises questions about its operational effectiveness.
The organization maintains essential policies such as whistleblower protection and document retention, which are vital for transparency and accountability. Nevertheless, with a liabilities to assets ratio of only 0.05%, the financial health appears inadequate, suggesting potential sustainability issues. The high salaries of key personnel are also notable, which may contribute to the low program expense ratio.
Overall, while Urban Resource Housing Development Fund demonstrates strong governance practices, its financial performance and lack of investment in programs are critical areas that need improvement to enhance its credibility and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Urban Resource Housing Development Fund legitimate?
Urban Resource Housing Development Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urban Resource Housing Development Fund 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
What is the mission statement of Urban Resource Housing Development Fund?
The Urban Resource Housing Development Fund, established in 1987, was incorporated with a charitable purpose to provide transitional housing for survivors of domestic violence, including individuals of low income. Initially, the fund solely held title to properties, delegating the responsibility for maintaining, developing, and operating these properties to the Urban Resource Institute. However, the mission of the Urban Resource Housing Development Fund remains to provide safe and supportive housing for victims of domestic violence, aiming to provide them with a secure environment during their recovery process.
Who is the CEO of Urban Resource Housing Development Fund?
Nathaniel Fields is the Trustee of Urban Resource Housing Development Fund. The CEO's salary of Urban Resource Housing Development Fund is $0 and their total compensation is $315,402.
What is the revenue of Urban Resource Housing Development Fund?
Urban Resource Housing Development Fund's revenue in 2022 was $0.
Who are the executives of Urban Resource Housing Development Fund and what are their salaries?
There 3 volunteers at Urban Resource Housing Development Fund.
Here are 6 key members and their salaries (Urban Resource Housing Development Fund's CEO's salary is $0 and their total compensation is $315,402):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $205,776
- Other: $21,791
- Compensation: $0
- Related: $274,320
- Other: $41,082
- Compensation: $0
- Related: $457,396
- Other: $68,806
Where can I find the form 990 for Urban Resource Housing Development Fund?
Urban Resource Housing Development Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Urban Resource Housing Development Fund
The Urban Resource Housing Development Fund, established in 1987, has a charitable mission dedicated to providing transitional housing for individuals who have experienced domestic violence. Although the Fund itself has not been directly involved in maintaining, developing, or operating any properties, it holds the title to properties designed for this purpose. The primary focus of the Fund is to serve survivors of domestic violence, including those of low income. By providing housing, the Urban Resource Housing Development Fund aims to offer a safe and secure environment for these individuals as they work towards rebuilding their lives.
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Impact
October, 2024
The Urban Resource Housing Development Fund significantly impacts the lives of survivors of domestic violence by providing essential transitional housing in New York. Established in 1987, the Fund focuses on owning, constructing, rehabilitating, and operating housing specifically tailored for individuals affected by domestic violence, particularly those from low-income backgrounds.
This initiative addresses the critical need for safe and supportive environments for victims, allowing them to escape precarious situations and begin rebuilding their lives. By collaborating with agencies such as the Urban Resource Institute, the Fund plays a vital role in developing and maintaining properties that serve as temporary residences. This support enables survivors to access vital resources, regain stability, and work toward long-term solutions for their housing needs.
The Fund’s commitment to transitional housing not only helps individuals find immediate refuge but also fosters a broader societal awareness of domestic violence issues. By helping survivors secure safe living conditions, the Urban Resource Housing Development Fund effectively contributes to breaking the cycle of violence and empowering victims on their paths to recovery.
This information is meant to be a general summary of Urban Resource Housing Development Fund. 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.
Assets and Liabilities:
- Total Assets: $7,393,963
- Total Liabilities: $3,989
- Net Assets: $7,389,974
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Organization Details
Founding Year
1987
Phone
(646) 588-0030Principal Officer
Nathaniel Fields
Main Address
75 BROAD STREET 505, NEW YORK, NY, 10004
NTEE Category
Code: L20 - Housing
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