Overview
What is Elijah Smith Senior Citizens Housing Development Fund Co Inc?
Elijah Smith Senior Citizens Housing Development Fund Co Inc is a nonprofit organization situated in Brooklyn, New York, specifically at 383-385 Throop Avenue. Their primary mission is to provide affordable housing for the elderly, facilitated through the Section 8 Housing Assistance Payments Program regulated by the U.S. Department of Housing and Urban Development. The organization's workforce consists of a modest team of two individuals, dedicated to this crucial mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.
Elijah Smith Senior Citizens Housing Development Fund Co Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates strong program expense ratios and governance practices, it struggles in transparency and financial management. With 94.46% of its expenses allocated to programs, the organization effectively directs funds toward its mission, earning high marks in program efficiency and financial oversight.
However, there are notable limitations reflected in its rating. The organization has a concerning liabilities to assets ratio of 370.19%, which suggests potential financial instability. Additionally, critical policies such as a conflict of interest policy, whistleblower policy, and document retention policy are missing, which raises questions about accountability and governance practices. Furthermore, the absence of tax documents on the nonprofit's website detracts from its transparency efforts.
Overall, while Elijah Smith Senior Citizens Housing Development Fund Co Inc shows strengths in independent board governance and program expenditure, it must address significant gaps in financial health and policy implementation to improve its overall rating and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Elijah Smith Senior Citizens Housing Development Fund Co Inc legitimate?
Elijah Smith Senior Citizens Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elijah Smith Senior Citizens Housing Development Fund Co 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: $219,955
For more financial information, click here
What is the mission statement of Elijah Smith Senior Citizens Housing Development Fund Co Inc?
Elijah Smith Senior Citizens Housing Development Fund Co Inc is dedicated to providing low-income residential rental housing for the elderly. They accomplish this mission through the Section 8 Housing Assistance Payments Program, which is regulated by the U.S. Department of Housing and Urban Development. This program allows the organization to offer affordable housing solutions, thereby providing a secure living environment for the elderly population. By participating in this program, Elijah Smith Senior Citizens Housing Development Fund Co Inc aims to contribute positively to the well-being and independence of senior citizens, ensuring they can age with dignity and security.
Who is the CEO of Elijah Smith Senior Citizens Housing Development Fund Co Inc?
Patricia Harding is the President of Elijah Smith Senior Citizens Housing Development Fund Co Inc.
What is the revenue of Elijah Smith Senior Citizens Housing Development Fund Co Inc?
Elijah Smith Senior Citizens Housing Development Fund Co Inc's revenue in 2022 was $1,244,886.
Who are the executives of Elijah Smith Senior Citizens Housing Development Fund Co Inc and what are their salaries?
The average compensation at Elijah Smith Senior Citizens Housing Development Fund Co Inc during 2022 was $109,978. There are 2 employees and 3 volunteers at Elijah Smith Senior Citizens Housing Development Fund Co Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Elijah Smith Senior Citizens Housing Development Fund Co Inc?
Elijah Smith Senior Citizens Housing Development Fund Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Elijah Smith Senior Citizens Housing Development Fund Co Inc
Elijah Smith Senior Citizens Housing Development Fund Co Inc is committed to providing low-income residential rental housing for the elderly. This nonprofit organization achieves this mission through the Section 8 Housing Assistance Payments Program, which is regulated by the U.S. Department of Housing and Urban Development. By participating in this program, Elijah Smith Senior Citizens Housing Development Fund Co Inc is able to offer affordable housing options to elderly individuals who may not otherwise be able to afford such accommodations. This crucial service enables the elderly to maintain their independence and dignity while living in a safe and secure environment. The organization's work in this area is essential in ensuring that the elderly have access to affordable housing, which is a fundamental need for all individuals, regardless of income level.
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Impact
July, 2024
Elijah Smith Senior Citizens Housing Development Fund Co Inc's impact lies in providing essential low-income residential rental housing to elderly individuals through the Section 8 Housing Assistance Payments Program. By offering affordable housing options for seniors in need, this organization plays a crucial role in supporting the well-being and quality of life of vulnerable elderly members of the community. Through their focused mission and dedication to serving this demographic, Elijah Smith Senior Citizens Housing Development Fund Co Inc contributes to addressing the pressing issue of housing insecurity among the elderly population in Brooklyn, NY.
This information is meant to be a general summary of Elijah Smith Senior Citizens Housing Development Fund Co 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 2022.
- Program Service Revenue: $1,244,886
- Gross Receipts: $1,244,886
Assets and Liabilities:
- Total Assets: $2,406,344
- Total Liabilities: $8,908,074
- Net Assets: -$6,501,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDIES
Revenue
$961,514
TENANT RENTS
Revenue
$283,372
Organization Details
Founding Year
1997
Phone
(718) 662-6167Principal Officer
Patricia Harding
Main Address
383-385 THROOP AVENUE, BROOKLYN, NY, 11221
NTEE Category
Code: L22 - Housing
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