Overview
What is Crown Heights Residence For Adults Housing Development Fund Corp?
Crown Heights Residence for Adults Housing Development Fund Corp is a nonprofit organization situated in Brooklyn, New York. Its mission is to provide affordable housing for low-income and needy individuals, with a focus on those experiencing homelessness. The organization operates a housing complex featuring 53 single room occupancy units, which it maintains and regularly rehabilitates. Eligibility for residency is determined by the NYC Department of Homeless Services, and eligible tenants can receive Section 8 rental assistance payments to make their stay more affordable. The organization's primary activity is to offer well-maintained and affordable dwellings for its residents. With a dedicated staff of 10, their work contributes to addressing housing needs in the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Crown Heights Residence For Adults Housing Development Fund Corp has received a rating of 79%, reflecting a strong performance in accountability and finance. This score is derived from a comprehensive assessment that emphasizes financial transparency, with the organization excelling in areas such as board independence and financial oversight.
The organization boasts a fully independent board with 100% of its members meeting criteria for independence. It also demonstrates effective governance practices, including the presence of key policies like conflict of interest and whistleblower protections, which contribute positively to its accountability profile. Financially, the organization allocates a substantial portion of its resources—73.25%—towards program expenses, indicating a commitment to its mission.
However, while the financial health and governance structures are commendable, the rating highlights the absence of more diverse performance metrics. This means that while accountability is strong, there may be limited information on other factors such as program impact and outcomes, which are crucial for a comprehensive understanding of the nonprofit's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Crown Heights Residence For Adults Housing Development Fund Corp legitimate?
Crown Heights Residence For Adults Housing Development Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crown Heights Residence For Adults Housing Development Fund Corp 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: $308,419
For more financial information, click here
What is the mission statement of Crown Heights Residence For Adults Housing Development Fund Corp?
Crown Heights Residence For Adults Housing Development Fund Corp is established with a charitable purpose, focusing on owning, constructing, rehabilitating, and managing affordable housing units for low-income and needy individuals. The corporation operates and maintains a housing complex consisting of 53 single room occupancy units, providing well-maintained dwellings for homeless and low-income individuals. It participates in the SRO Program, as authorized by the McKinney-Vento Homeless Assistance Act, aiming to bring more standard SRO units into the local housing supply and assist homeless persons. The corporation rehabilitated its 53-unit complex in 1994 and continues to maintain it, making these units available for homeless and needy individuals, who may also be eligible for Section 8 rental assistance payments.
Who is the CEO of Crown Heights Residence For Adults Housing Development Fund Corp?
Val Henry is the President/Ce of Crown Heights Residence For Adults Housing Development Fund Corp.
What is the revenue of Crown Heights Residence For Adults Housing Development Fund Corp?
Crown Heights Residence For Adults Housing Development Fund Corp's revenue in 2022 was $546,019.
Who are the executives of Crown Heights Residence For Adults Housing Development Fund Corp and what are their salaries?
The average compensation at Crown Heights Residence For Adults Housing Development Fund Corp during 2022 was $30,842. There are 10 employees and 13 volunteers at Crown Heights Residence For Adults Housing Development Fund Corp.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Crown Heights Residence For Adults Housing Development Fund Corp?
Crown Heights Residence For Adults Housing Development Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Crown Heights Residence For Adults Housing Development Fund Corp
Crown Heights Residence for Adults Housing Development Fund Corp, a charitable organization, was established with the primary purpose of owning, constructing, rehabilitating, and managing affordable housing complexes for individuals of low income and need. The corporation's mission is to provide well-maintained and affordable single room occupancy (SRO) units to homeless and low-income individuals. By doing so, it aims to contribute to the local housing supply and assist those in need.
The organization operates a housing complex consisting of 53 SRO units, which it rehabilitated in 1994 and continues to maintain. This complex serves as a sanctuary for eligible homeless and low-income individuals, who can receive Section 8 rental assistance payments to help cover their living expenses. The eligibility for these payments is determined by the NYC Department of Homeless Services, and the payments are made on behalf of the homeless individuals residing in the rehabilitated dwellings.
In summary, the mission of Crown Heights Residence for Adults Housing Development Fund Corp is to provide affordable housing and support to individuals of low income and need. By offering well-maintained SRO units and facilitating rental assistance payments, the organization helps to alleviate homelessness and contribute to the local housing market.
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Impact
July, 2024
Crown Heights Residence For Adults Housing Development Fund Corp provides well-maintained and affordable single room dwelling units for homeless, low-income, and needy individuals in Brooklyn, New York. Through its 53-unit housing complex, the organization offers a vital resource for those in need of housing assistance. By participating in the SRO program and providing Section 8 rental assistance payments, the corporation helps homeless individuals secure safe and stable living conditions. Their impact directly addresses the critical issue of homelessness and provides a supportive environment for those facing housing insecurity.
This information is meant to be a general summary of Crown Heights Residence For Adults Housing Development Fund Corp. 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: $405,959
- Gross Receipts: $546,019
Assets and Liabilities:
- Total Assets: $223,580
- Total Liabilities: $2,558,746
- Net Assets: -$2,335,166
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SRO/LOW INCOME RENT
Revenue
$405,959
Organization Details
Founding Year
1990
Phone
(718) 493-7400Principal Officer
Val Henry
Main Address
230 KINGSTON AVENUE, BROOKLYN, NY, 11213
NTEE Category
Code: L20 - Housing
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