Overview
What is Turning Point Red Hook Housing Development Fund Corporation?
Turning Point Red Hook Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at PO Box 24630. Their primary mission is to offer housing and supportive services to residents residing in low-income housing projects, specifically located at 713-715 Henry Street in Brooklyn. Their activities are centered around providing a safe and supportive living environment for these residents, ensuring they have the resources they need to thrive.
Official website here: www.tpbk.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Turning Point Red Hook Housing Development Fund Corporation received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 74%. This rating indicates that while the organization demonstrates strong accountability and financial practices in several areas, there are significant aspects that require improvement, particularly pertaining to financial health.
Strengths of the organization include having a fully independent board of directors and strong policies in place, such as conflict of interest and whistleblower policies. The organization also scored well for its program expense ratio, indicating that a significant portion of its budget is allocated to its programs. Notably, it has no recorded material diversion of assets, which reflects a commitment to responsible financial management.
However, the nonprofit faces challenges with its financial ratios, specifically a high liabilities to assets ratio of 149.13%, which raises concerns about its financial stability. Additionally, the absence of its tax form on the nonprofit's website is a notable gap in transparency that may affect its overall rating. Addressing these issues could enhance its standing and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Turning Point Red Hook Housing Development Fund Corporation?
90% of 27 reviewers on Facebook recommend Turning Point Red Hook Housing Development Fund Corporation. Here is a summary of their reviews:
Many individuals express a positive experience with Turning Point, highlighting its community impact and valuable services. One reviewer specifically praised the TLC program, suggesting that the charity sets a strong example that could be replicated in other locations.
Overall, this nonprofit seems to foster a welcoming and supportive environment, with community members appreciating the efforts made to improve housing and provide essential resources. The recommendation rate indicates a strong level of satisfaction among those who have interacted with the organization.
This AI summary has been generated from reviews found on Facebook.
Is Turning Point Red Hook Housing Development Fund Corporation legitimate?
Turning Point Red Hook Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Turning Point Red Hook 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: $120,433
For more financial information, click here
Official website here: www.tpbk.org
What is the mission statement of Turning Point Red Hook Housing Development Fund Corporation?
The Turning Point Housing Development Fund Corporation's mission is centered around providing housing and supportive services for residents living in low-income housing projects. Their primary focus is on the community residing at 713-715 Henry Street, Brooklyn. Their mission encompasses offering a comprehensive range of services to enhance the living conditions and well-being of these residents.
Official website here: www.tpbk.org
Who is the CEO of Turning Point Red Hook Housing Development Fund Corporation?
Janelle Farris is the Chair of Turning Point Red Hook Housing Development Fund Corporation.
Official website here: www.tpbk.org
What is the revenue of Turning Point Red Hook Housing Development Fund Corporation?
Turning Point Red Hook Housing Development Fund Corporation's revenue in 2022 was $509,350.
Official website here: www.tpbk.org
Who are the executives of Turning Point Red Hook Housing Development Fund Corporation and what are their salaries?
Here are 9 key members and their salaries:
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- Related: $219,222
- Other: $13,320
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- Related: $167,576
- Other: $12,959
Official website here: www.tpbk.org
Where can I find the form 990 for Turning Point Red Hook Housing Development Fund Corporation?
Turning Point Red Hook Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tpbk.org
Learn more at the official website: www.tpbk.org
Mission Statement of Turning Point Red Hook Housing Development Fund Corporation
Turning Point Red Hook Housing Development Fund Corporation is dedicated to providing housing and supportive services to individuals living in low-income housing projects. This mission is carried out at 713-715 Henry Street, Brooklyn. The organization's primary goal is to create an environment that caters to the needs of its residents, ensuring they have access to essential services to improve their quality of life. By offering housing and supportive services, Turning Point Red Hook Housing Development Fund Corporation aims to contribute to the well-being of its community members, thereby fostering a sense of stability and security.
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Impact
July, 2024
Turning Point Red Hook Housing Development Fund Corporation's impact can be seen in the tangible improvement of the lives of residents living in low-income housing projects at 713-715 Henry Street in Brooklyn, New York. By providing housing and supportive services, this organization directly contributes to enhancing the quality of life for individuals and families facing economic challenges. Their mission is focused on creating a stable and supportive environment for residents, addressing critical housing needs, and ultimately working towards building a stronger community in the Red Hook area of Brooklyn.
This information is meant to be a general summary of Turning Point Red Hook 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.
- Program Service Revenue: $424,904
- Gross Receipts: $509,350
Assets and Liabilities:
- Total Assets: $1,505,395
- Total Liabilities: $2,245,025
- Net Assets: -$739,630
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$424,904
Organization Details
Founding Year
1993
Phone
(718) 439-0077Principal Officer
Janelle Farris
Main Address
PO BOX 24630, BROOKLYN, NY, 11202
Website
www.tpbk.orgNTEE Category
Code: L21Z - Housing
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