Overview
What is Raymond Ballard Apartments Housing Development Fund Corporation?
Raymond Ballard Apartments Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 132 Ralph Avenue. Their primary mission is to provide and manage affordable housing for families of low income in the central sections of Brooklyn. To achieve this, they have developed a housing project comprising 45 units, offering a crucial living solution for this demographic. The corporation is dedicated to upholding its commitment to affordable housing in the specified area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%
Raymond Ballard Apartments Housing Development Fund Corporation has received a Three-Star out of Four Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization's overall score is derived solely from its Accountability & Finance score of 79%, indicating a commendable level of transparency and operational health.
The nonprofit boasts a perfect score for having an entirely independent board, ensuring unbiased governance. Additionally, it maintains robust policies for conflict of interest, whistleblower protections, and document retention, contributing to its solid accountability framework. The program expense ratio is notably high at 93.65%, suggesting that a large portion of its budget is allocated directly to its mission-driven activities.
However, the organization faces a significant challenge with its liabilities to assets ratio, which stands at 575.38%. This high ratio indicates potential financial instability, as the liabilities greatly exceed its assets. While the nonprofit demonstrates strong governance practices, addressing financial concerns will be critical for its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Raymond Ballard Apartments Housing Development Fund Corporation legitimate?
Raymond Ballard Apartments Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raymond Ballard Apartments 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Raymond Ballard Apartments Housing Development Fund Corporation?
The Raymond Ballard Apartments Housing Development Fund Corporation is dedicated to providing affordable housing for families of low income in a specific area. This commitment is reflected in their mission to manage and offer 45 units of affordable residential housing within this community. The corporation's primary goal is to make housing accessible for those who may not otherwise be able to afford it, thereby contributing to a more equitable living situation for these families. Their activities are centered around providing a stable and affordable housing solution, thereby improving the quality of life for these families.
Who is the CEO of Raymond Ballard Apartments Housing Development Fund Corporation?
Jeffrey Dunston is the Ceo of Raymond Ballard Apartments Housing Development Fund Corporation. The CEO's salary of Raymond Ballard Apartments Housing Development Fund Corporation is $0 and their total compensation is $299,298.
What is the revenue of Raymond Ballard Apartments Housing Development Fund Corporation?
Raymond Ballard Apartments Housing Development Fund Corporation's revenue in 2022 was $469,585.
Who are the executives of Raymond Ballard Apartments Housing Development Fund Corporation and what are their salaries?
Here are 3 key members and their salaries (Raymond Ballard Apartments Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $299,298):
- Compensation: $0
- Related: $299,298
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Raymond Ballard Apartments Housing Development Fund Corporation?
Raymond Ballard Apartments Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Raymond Ballard Apartments Housing Development Fund Corporation
Raymond Ballard Apartments Housing Development Fund Corporation is a dedicated organization committed to providing affordable housing for families of low income residing in the central sections of Brooklyn, New York. Their mission is crystal clear: to create and manage affordable residential units, catering specifically to families who fall under the low-income bracket. By doing so, they aim to contribute positively to the community and provide a stable living environment for these families. The corporation's primary focus is on ensuring that affordable housing remains an attainable option for those who need it most, thereby enabling them to maintain a decent quality of life.
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Impact
July, 2024
The Raymond Ballard Apartments Housing Development Fund Corporation's impact lies in its provision and management of affordable housing for low-income families in the central sections of Brooklyn, New York. By offering 45 units of affordable residential housing, the corporation directly addresses the pressing need for accessible housing options in the area. Through its mission to provide affordable housing, the corporation contributes towards community improvement by supporting families in securing stable and affordable living arrangements. The impact of the Raymond Ballard Apartments Housing Development Fund Corporation is notable for its commitment to addressing the housing challenges faced by low-income families in Brooklyn, ultimately contributing to the overall well-being and stability of the community.
This information is meant to be a general summary of Raymond Ballard Apartments 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: $1,726
- Program Service Revenue: $467,859
- Gross Receipts: $469,585
Assets and Liabilities:
- Total Assets: $680,327
- Total Liabilities: $3,914,485
- Net Assets: -$3,234,158
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$467,859
Organization Details
Founding Year
1995
Phone
(718) 453-9490Principal Officer
Jeffrey Dunston
Main Address
132 RALPH AVENUE, BROOKLYN, NY, 11233
NTEE Category
Code: S31Z - Community improvement
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