Overview
What is Our Lady Of Fatima Apts Hsg Dev Fund?
Our Lady of Fatima Apartments Housing Development Fund is a nonprofit organization situated in Brooklyn, New York, specifically at 191 Joralemon Street. Their primary mission is to provide safe and affordable housing for elderly and disabled individuals of low income, adhering to the guidelines set by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act. They manage a 93-unit housing project that caters to this specific demographic, ensuring they have a secure and comfortable living environment.
Official website here: www.ccbq.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Our Lady Of Fatima Apartments Housing Development Fund has received a Two-Star out of Four Star rating from Charity Navigator, indicating that the organization needs improvement in several key areas. The score of 66% reflects concerns primarily related to board independence and financial management, with 0% of board members being independent, which can raise questions about governance and oversight.
Despite these governance issues, the organization demonstrates strong financial practices in some areas. It has achieved high marks for its program expense ratio, indicating effective allocation of funds towards its mission. Furthermore, it has implemented several important policies, such as conflict of interest and whistleblower policies, which are crucial for operational transparency and accountability.
However, the significant liabilities to assets ratio of 154.41% raises red flags regarding financial stability and sustainability. Additionally, the absence of the tax form on the nonprofit's website is a notable limitation that hinders transparency. Overall, while the organization shows strengths in program spending and policy implementation, its governance and financial health require substantial attention.
This AI summary has been generated from information found on Charity Navigator.
Is Our Lady Of Fatima Apts Hsg Dev Fund legitimate?
Our Lady Of Fatima Apts Hsg Dev Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Lady Of Fatima Apts Hsg Dev Fund 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
Official website here: www.ccbq.org
What is the mission statement of Our Lady Of Fatima Apts Hsg Dev Fund?
Our Lady of Fatima Apartments Housing Development Fund's mission is centered around providing safe and affordable housing solutions for elderly and disabled individuals of low income. They strive to cater to this specific demographic, ensuring they have a secure living environment that suits their needs. The organization operates a housing project, funded under HUD Section 202 of the National Housing Act, dedicated to providing such accommodations.
Official website here: www.ccbq.org
Who is the CEO of Our Lady Of Fatima Apts Hsg Dev Fund?
Jeanne M Diulio is the Cfo (Thru 12/31/21) of Our Lady Of Fatima Apts Hsg Dev Fund. The CEO's salary of Our Lady Of Fatima Apts Hsg Dev Fund is $0 and their total compensation is $43,612.
Official website here: www.ccbq.org
What is the revenue of Our Lady Of Fatima Apts Hsg Dev Fund?
Our Lady Of Fatima Apts Hsg Dev Fund's revenue in 2022 was $1,035,179.
Official website here: www.ccbq.org
Who are the executives of Our Lady Of Fatima Apts Hsg Dev Fund and what are their salaries?
Here are 10 key members and their salaries (Our Lady Of Fatima Apts Hsg Dev Fund's CEO's salary is $0 and their total compensation is $43,612):
- Compensation: $0
- Related: $281,091
- Other: $8,117
- Compensation: $0
- Related: $186,761
- Other: $19,438
- Compensation: $0
- Related: $159,468
- Other: $40,415
- Compensation: $0
- Related: $162,994
- Other: $21,195
- Compensation: $0
- Related: $140,193
- Other: $40,597
- Compensation: $0
- Related: $158,241
- Other: $16,129
- Compensation: $0
- Related: $141,607
- Other: $27,615
- Compensation: $0
- Related: $139,730
- Other: $18,149
- Compensation: $0
- Related: $46,097
- Other: $1,504
- Compensation: $0
- Related: $37,111
- Other: $6,501
Official website here: www.ccbq.org
Where can I find the form 990 for Our Lady Of Fatima Apts Hsg Dev Fund?
Our Lady Of Fatima Apts Hsg Dev Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccbq.org
Learn more at the official website: www.ccbq.org
Mission Statement of Our Lady Of Fatima Apts Hsg Dev Fund
Our Lady of Fatima Apartments Housing Development Fund is committed to providing safe and affordable housing for elderly and disabled individuals of low income. This nonprofit organization fulfills its mission by owning and operating a 93-unit housing project under HUD Section 202 of the National Housing Act. This project is specifically designed to cater to the needs of elderly and disabled people, offering them a secure living environment at affordable prices. By providing such housing, Our Lady of Fatima Apartments Housing Development Fund aims to contribute positively to the lives of these vulnerable individuals, enabling them to live with dignity and independence.
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Impact
July, 2024
Our Lady of Fatima Apts Hsg Dev Fund's impact is substantial in providing safe and affordable housing for elderly and disabled persons of low income in Brooklyn, NY. Through owning and operating a 93-unit housing project under HUD Section 202 of the National Housing Act, they directly address the critical need for accessible housing for these vulnerable groups. By fulfilling their mission of offering secure and affordable housing, they contribute significantly to improving the quality of life and wellbeing of elderly and disabled individuals with limited financial resources. Their focus on housing aligns with the essential need for suitable living conditions for these marginalized populations, making a meaningful difference in their lives.
This information is meant to be a general summary of Our Lady Of Fatima Apts Hsg Dev Fund. 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: $173
- Program Service Revenue: $1,029,637
- Gross Receipts: $1,035,179
Assets and Liabilities:
- Total Assets: $6,310,083
- Total Liabilities: $9,367,002
- Net Assets: -$3,056,919
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,029,637
Organization Details
Founding Year
1994
Phone
(718) 722-6150Principal Officer
Jeanne M Diulio
Main Address
191 JORALEMON STREET, BROOKLYN, NY, 11201
Website
www.ccbq.orgNTEE Category
Code: L22 - Housing
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