Overview
What is Los Sures Sip Housing Development Fund Corporation?
Los Sures Sip Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 434 South 5th Street, 11211. Their primary mission is to develop, rehabilitate, and manage a housing project catering to individuals of low income. The project encompasses six buildings and provides 127 residential apartments, along with four commercial units. The organization's work aims to contribute to the community by offering housing solutions for those in need.
Official website here: www.lossures.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star Rating)
Los Sures Sip Housing Development Fund Corporation has received an overall score of 81%, indicating a solid performance in terms of accountability and finance. The charity’s rating is based entirely on its Accountability & Finance score, which reflects strong governance practices and financial oversight. The organization boasts a fully independent board and has implemented essential policies like conflict of interest and whistleblower policies, ensuring transparency and ethical management.
The financial health of Los Sures is further demonstrated by its impressive program expense ratio of 93.85%, highlighting that a substantial portion of its resources is directed towards its mission-driven activities. The organization has also received full points for auditing and oversight, along with proper documentation of board meeting minutes, showcasing its commitment to operational integrity.
However, while the overall score is encouraging, it is essential for potential donors and supporters to consider that the rating is solely focused on accountability and finance. Insights into program effectiveness or impact on the community are not reflected in this score, which may leave some questions unanswered regarding the broader impact of their initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Los Sures Sip Housing Development Fund Corporation legitimate?
Los Sures Sip Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Sures Sip Housing Development Fund 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:
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For more financial information, click here
Official website here: www.lossures.org
What is the mission statement of Los Sures Sip Housing Development Fund Corporation?
Los Sures Sip Housing Development Fund Corporation was established with the mission to develop, rehabilitate, and operate a housing project catering to individuals of low income. This organization has undertaken a housing project, which comprises six buildings, housing a total of 127 residential apartments. Additionally, the project includes four commercial units. The primary objective of Los Sures Sip Housing Development Fund Corporation is to provide affordable housing options for individuals who fall under the low-income category.
Official website here: www.lossures.org
Who is the CEO of Los Sures Sip Housing Development Fund Corporation?
Juan Ramos is the Board Member of Los Sures Sip Housing Development Fund Corporation.
Official website here: www.lossures.org
What is the revenue of Los Sures Sip Housing Development Fund Corporation?
Los Sures Sip Housing Development Fund Corporation's revenue in 2022 was $1,791,277.
Official website here: www.lossures.org
Who are the executives of Los Sures Sip Housing Development Fund Corporation and what are their salaries?
Here are 17 key members and their salaries:
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- Related: $140,848
- Other: $15,855
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- Related: $131,594
- Other: $15,855
Official website here: www.lossures.org
Where can I find the form 990 for Los Sures Sip Housing Development Fund Corporation?
Los Sures Sip Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lossures.org
Learn more at the official website: www.lossures.org
Mission Statement of Los Sures Sip Housing Development Fund Corporation
Los Sures Sip Housing Development Fund Corporation was established with a mission to develop, rehabilitate, and operate a housing project catering to individuals of low income. This nonprofit organization has dedicated its efforts to providing affordable living spaces, as evidenced by its housing project consisting of six buildings, housing a total of 127 residential apartments. Furthermore, the project includes four commercial units, demonstrating Los Sures Sip Housing Development Fund Corporation's commitment to supporting both residential and commercial needs within the low-income community.
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Impact
July, 2024
Los Sures Sip Housing Development Fund Corporation's impact is evident in its operation of a housing project that provides affordable housing for low-income residents in Brooklyn, NY. This initiative consists of six buildings with a total of 127 residential apartments and four commercial units. By creating this housing project, Los Sures Sip Housing Development Fund Corporation addresses the critical need for affordable housing in the community, helping to improve the quality of life for individuals and families facing financial challenges. Their mission to develop, rehabilitate, and operate this housing project directly contributes to supporting and uplifting low-income individuals through access to safe and affordable housing options.
This information is meant to be a general summary of Los Sures Sip Housing Development Fund 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.
- Investment Income: $37
- Program Service Revenue: $1,618,120
- Gross Receipts: $1,791,277
Assets and Liabilities:
- Total Assets: $6,742,603
- Total Liabilities: $11,178,482
- Net Assets: -$4,435,879
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,618,120
Organization Details
Founding Year
1991
Phone
(718) 387-3600Principal Officer
Juan Ramos
Main Address
434 SOUTH 5TH STREET, BROOKLYN, NY, 11211
Website
www.lossures.orgNTEE Category
Code: L21 - Housing
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