Overview
What is St Paul's Gardens Housing Development Fund Company Inc?
St. Paul's Gardens Housing Development Fund Company Inc, located in Hicksville, New York, is a nonprofit organization dedicated to providing affordable housing solutions. They operate 85 units in Brentwood, a place where adequate housing is scarce for individuals of limited means. Their primary mission is to offer affordable housing for eligible low-income families and individuals, as part of their Section 202 HUD multi-family project specifically designed for the elderly. The organization owns and manages this project to ensure that elderly citizens have access to suitable living arrangements.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
St Paul's Gardens Housing Development Fund Company Inc has earned a commendable 94% rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts 100% independent board members, indicating robust governance, and has successfully implemented policies related to conflict of interest, whistleblower protection, and document retention, all of which enhance transparency and accountability.
Financially, the charity demonstrates excellent management of its resources, with a low liabilities-to-assets ratio of 3.86%, showcasing its stability. Additionally, the program expense ratio stands at 81.99%, indicating that a significant portion of its funds is allocated towards fulfilling its mission rather than administrative costs. This prioritization is a positive aspect for potential donors and stakeholders.
Overall, St Paul's Gardens Housing Development Fund Company Inc exhibits strong financial health and ethical governance practices. The organization's commitment to transparency and responsible financial management contributes to its high rating, making it a trustworthy choice for supporters interested in housing development initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is St Paul's Gardens Housing Development Fund Company Inc legitimate?
St Paul's Gardens Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Paul's Gardens 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: $123,737
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What is the mission statement of St Paul's Gardens Housing Development Fund Company Inc?
St. Paul's Gardens Housing Development Fund Company Inc is committed to providing affordable housing. This mission is directed towards eligible low-income families and individuals. Operating on a not-for-profit basis, the organization offers 85 units of affordable rental housing in areas where such housing options are scarce. The company's primary goal is to make housing accessible to those with limited means, contributing to a more equitable living situation for these individuals.
Who is the CEO of St Paul's Gardens Housing Development Fund Company Inc?
Richard Balcom is the President of St Paul's Gardens Housing Development Fund Company Inc.
What is the revenue of St Paul's Gardens Housing Development Fund Company Inc?
St Paul's Gardens Housing Development Fund Company Inc's revenue in 2023 was $937,746.
Who are the executives of St Paul's Gardens Housing Development Fund Company Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for St Paul's Gardens Housing Development Fund Company Inc?
St Paul's Gardens Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of St Paul's Gardens Housing Development Fund Company Inc
St. Paul's Gardens Housing Development Fund Company Inc is dedicated to providing affordable housing for eligible low-income families and individuals. This not-for-profit organization operates on a mission to alleviate the housing crisis for individuals with limited means. By owning and managing a Section 202 HUD multifamily project, St. Paul's Gardens offers 85 units of affordable rental housing, serving as a beacon of hope for those in need. The corporation's commitment to affordability and accessibility has filled a gap in Brentwood, New York, where suitable housing options were previously scarce.
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Impact
July, 2024
St Paul's Gardens Housing Development Fund Company Inc's impact lies in providing essential affordable housing for the elderly in Brentwood, New York. With 85 units available for persons of limited means, the organization addresses a significant need in the community where adequate housing options are scarce. Through the operation of a Section 202 HUD multifamily project, St Paul's Gardens enables low-income individuals and families to access safe and affordable housing, ultimately contributing to the well-being and security of those in need.
This information is meant to be a general summary of St Paul's Gardens 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $29,489
- Program Service Revenue: $904,515
- Gross Receipts: $937,746
Assets and Liabilities:
- Total Assets: $4,086,604
- Total Liabilities: $157,827
- Net Assets: $3,928,777
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDY REVENUE
Revenue
$621,456
PROGRAM SERVICE REVENU
Revenue
$283,059
Organization Details
Founding Year
1995
Phone
(516) 733-7032Principal Officer
Richard Balcom
Main Address
90 CHERRY LANE, HICKSVILLE, NY, 118016232
NTEE Category
Code: L21 - Housing
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