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Community House Housing Development Fund Company Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113401318 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Community House Housing Development Fund Company Inc?

Community House Housing Development Fund Company Inc, located in Brooklyn, New York, is a nonprofit organization dedicated to offering affordable housing and essential supportive services to individuals who are homeless and struggle with mental health issues within the city. With 138 units, this organization serves as a vital resource, providing housing and social programs to help those in need regain stability and independence. The mission of Community House HDFC is to create a supportive environment where individuals can access the necessary resources to overcome their challenges and improve their lives.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 72%, earning a Two-Star out of Four Star rating.

Community House Housing Development Fund Company Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The rating reflects strengths in governance, with 100% of board members being independent and robust policies in place for conflicts of interest and whistleblowing. However, the organization faces significant weaknesses in its financial structure, particularly with a high liabilities to assets ratio, which raises concerns about its financial stability.

The nonprofit demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 83.38%, showing that a substantial portion of its funds is directed toward programming rather than administrative costs. Nevertheless, the absence of an accessible website and the lack of publicly posted financial documents may hinder transparency and access to critical information for stakeholders and potential donors.

While the organization has some solid governance practices and is largely compliant with accountability measures, the financial challenges and lack of certain disclosures present limitations that could impact donor confidence and long-term sustainability.


This AI summary has been generated from information found on Charity Navigator.

Is Community House Housing Development Fund Company Inc legitimate?

Community House Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community House 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: $0

For more financial information, click here

What is the mission statement of Community House Housing Development Fund Company Inc?

Community House Housing Development Fund Company Inc's mission is centered around providing affordable housing and essential support services to individuals who are homeless and grappling with mental illness. The organization, through its 138 units, offers more than just housing; it provides a comprehensive range of social services to aid these vulnerable New York City residents in their journey towards improved living conditions and overall well-being.

Who is the CEO of Community House Housing Development Fund Company Inc?

Dordy Jourdain is the Executive Dir. of Community House Housing Development Fund Company Inc.

What is the revenue of Community House Housing Development Fund Company Inc?

Community House Housing Development Fund Company Inc's revenue in 2022 was $1,591,308.

Who are the executives of Community House Housing Development Fund Company Inc and what are their salaries?

There 2 volunteers at Community House Housing Development Fund Company Inc.


Here are 5 key members and their salaries:


Thomas Miskel (Chair/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Ferrara - Thru 112022 (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Caretto (B. Member/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Guarino (Exec. Vp/Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dordy Jourdain (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Community House Housing Development Fund Company Inc?

Community House Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Community House Housing Development Fund Company Inc

Community House Housing Development Fund Company Inc is dedicated to offering essential housing and supportive services to the homeless and mentally ill residents of New York City. Their mission, in essence, is to provide affordable living spaces and social service programs for individuals who require such assistance. By operating with 138 units, this nonprofit organization caters to the housing needs of those in need while simultaneously offering crucial social services to help these individuals overcome their challenges.

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Impact




July, 2024

Community House Housing Development Fund Company Inc's impact is vital in providing affordable housing and supportive services for homeless and mentally ill residents of New York City. Through its 138 units, the organization offers essential housing and social service programs that cater to the needs of vulnerable individuals in the community. By addressing the housing needs of those in crisis, Community House HDFC plays a crucial role in helping to stabilize and support some of the most marginalized members of society in Brooklyn, NY.




This information is meant to be a general summary of Community House 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.

Revenue
$1,591,308 (2022)
Expenses
$2,009,070 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $844
  • Program Service Revenue: $1,326,242
  • Gross Receipts: $1,591,308

Assets and Liabilities:

  • Total Assets: $3,851,589
  • Total Liabilities: $11,085,862
  • Net Assets: -$7,234,273

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT INCOME

Revenue

$1,326,242

Organization Details

Founding Year

1996

Principal Officer

Dordy Jourdain

Main Address

357 Ninth Street, Brooklyn, NY, 11215

NTEE Category

Code: L20Z - Housing

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