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St Agnes Senior Citizen Housing Development Fund Company Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 112965433 ✦ Hicksville, NY ✦ Designated as a 501(c)(3)

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Overview

What is St Agnes Senior Citizen Housing Development Fund Company Inc?

St. Agnes Senior Citizen Housing Development Fund Company Inc is a nonprofit organization situated in Hicksville, New York. Its primary mission is to provide 75 units of affordable housing for individuals with limited means, as there was a lack of suitable housing options in Uniondale, NY. The organization operates a Section 202 HUD multifamily housing project specifically designed for the elderly, ensuring they have access to affordable and suitable living conditions. The company's core purpose is to make housing more accessible for eligible low-income families and individuals.

What are the reviews and ratings of this charity?

Charity Navigator Rating 94% - Four-Star out of Four Star rating

St Agnes Senior Citizen Housing Development Fund Company Inc has achieved an impressive 94% rating from Charity Navigator, indicating a strong focus on accountability and financial health. This rating reflects the organization's commitment to transparency and responsible financial management, which is critical for donor confidence and support.

The nonprofit has demonstrated exceptional governance, with a fully independent board consisting of eight members. It has also established rigorous financial oversight procedures, receiving top marks for its audit and conflict of interest policies. The organization’s low liability-to-assets ratio and high program expense ratio show that the majority of its resources are allocated directly to its mission, enhancing its credibility among stakeholders.

While the organization’s financial practices are robust, the review does not highlight any specific programmatic achievements or community impact metrics. Future evaluations could benefit from a broader assessment that includes qualitative outcomes alongside its strong financial performance.


This AI summary has been generated from information found on Charity Navigator.

Is St Agnes Senior Citizen Housing Development Fund Company Inc legitimate?

St Agnes Senior Citizen Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Agnes Senior Citizen 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: $114,477

For more financial information, click here

What is the mission statement of St Agnes Senior Citizen Housing Development Fund Company Inc?

St. Agnes Senior Citizen Housing Development Fund Company Inc is dedicated to providing affordable housing for eligible low-income families and individuals. Operating on a not-for-profit basis, the organization provides 75 units of affordable rental housing in an area where such housing is scarce. Their mission is to contribute to the well-being of individuals with limited means, ensuring they have a suitable living space. By offering affordable housing, St. Agnes Senior Citizen Housing Development Fund Company Inc aims to improve the living conditions of its residents and contribute to their overall quality of life.

Who is the CEO of St Agnes Senior Citizen Housing Development Fund Company Inc?

Richard Balcom is the President of St Agnes Senior Citizen Housing Development Fund Company Inc.

What is the revenue of St Agnes Senior Citizen Housing Development Fund Company Inc?

St Agnes Senior Citizen Housing Development Fund Company Inc's revenue in 2023 was $1,645,992.

Who are the executives of St Agnes Senior Citizen Housing Development Fund Company Inc and what are their salaries?


Here are 8 key members and their salaries:


Michael Smith (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Balcom (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert J Ahlstrom Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William G Chapin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maryanne Fitzgerald (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Pietrowski (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Cregan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesus Valdes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for St Agnes Senior Citizen Housing Development Fund Company Inc?

St Agnes Senior Citizen Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of St Agnes Senior Citizen Housing Development Fund Company Inc

St. Agnes Senior Citizen Housing Development Fund Company Inc is committed to providing affordable housing for eligible low-income families and individuals. Operating on a not-for-profit basis, this organization has established a Section 202 HUD multifamily housing project specifically designed for the elderly. With a focus on addressing the housing needs of individuals with limited means, St. Agnes Senior Citizen Housing Development Fund Company Inc provides 75 units of affordable rental housing in areas where such accommodations may not be readily available. By offering this essential service, the organization aims to contribute positively to the lives of those in need, providing them with safe and affordable living spaces.

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Impact




July, 2024

St. Agnes Senior Citizen Housing Development Fund Company Inc's impact is significant in providing affordable housing for the elderly in Uniondale, New York. The organization owns and operates a Section 202 HUD multifamily housing project, offering 75 units of affordable rental housing for persons of limited means. By addressing the lack of adequate housing for this demographic, St. Agnes Senior Citizen Housing Development Fund Company Inc plays a vital role in ensuring that low-income seniors have a safe and stable place to call home.




This information is meant to be a general summary of St Agnes Senior Citizen 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.

Revenue
$1,645,992 (2023)
Expenses
$957,854 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $100,731
  • Program Service Revenue: $1,542,157
  • Gross Receipts: $1,645,992

Assets and Liabilities:

  • Total Assets: $4,531,455
  • Total Liabilities: $1,956,591
  • Net Assets: $2,574,864

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HOUSING ASSISTANCE PAY

Revenue

$1,242,533

PROGRAM SERVICE REVENU

Revenue

$299,624

Organization Details

Founding Year

1989

Principal Officer

Richard Balcom

Main Address

90 CHERRY LANE, HICKSVILLE, NY, 118016232

NTEE Category

Code: L40Z - Housing

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