Overview
What is Msgr Joseph F Stedman Residence Housing Development Fund Corporation?
Msgr Joseph F Stedman Residence Housing Development Fund Corporation is a nonprofit organization located at 191 Joralemon Street, Brooklyn, New York 11201. Their primary mission is to offer safe and budget-friendly housing solutions for elderly and disabled individuals with low incomes. They achieve this objective by managing and operating a 88-unit housing project under the HUD Section 202 of the National Housing Act. This project is specifically designed to cater to the needs of elderly and disabled individuals, providing them with a secure living environment.
Official website here: www.ccbq.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 66%, Two-Star out of Four Star rating.
Msgr Joseph F Stedman Residence Housing Development Fund Corporation has received a 66% rating from Charity Navigator, reflecting a Two-Star rating. This indicates that while the organization meets some accountability and financial standards, there are areas of concern, particularly regarding board independence and financial health.
The organization demonstrates strengths in its program expense ratio, allocating 92.12% of its funds towards program services, which is commendable. Additionally, it has established policies for conflict of interest, whistleblower protections, and document retention, all of which contribute to operational transparency. However, the organization has a significant limitation in its governance structure, as it has no independent board members, which can impact the overall effectiveness and accountability of the board.
Financially, the charity faces challenges, as indicated by its liabilities to assets ratio of 161.44%, suggesting potential solvency issues. While the audit and oversight measures are in place, the absence of independent oversight raises concerns about financial management. The charity's website lacks the posting of its Tax Form as required, which further detracts from its overall accountability profile.
This AI summary has been generated from information found on Charity Navigator.
Is Msgr Joseph F Stedman Residence Housing Development Fund Corporation legitimate?
Msgr Joseph F Stedman Residence Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Msgr Joseph F Stedman Residence 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
Official website here: www.ccbq.org
What is the mission statement of Msgr Joseph F Stedman Residence Housing Development Fund Corporation?
The Msgr Joseph F Stedman Residence Housing Development Fund Corporation is committed to providing safe and affordable housing for elderly and disabled individuals who fall under the category of low-income earners. This mission is accomplished through the operation of a housing project, which currently consists of 88 units, under the HUD Section 202 of the National Housing Act. By offering such housing solutions, the corporation aims to make a positive impact on the lives of these vulnerable individuals, thereby enhancing their overall living conditions.
Official website here: www.ccbq.org
Who is the CEO of Msgr Joseph F Stedman Residence Housing Development Fund Corporation?
Jeanne M Diulio is the Cfo (Thru 12/31/21) of Msgr Joseph F Stedman Residence Housing Development Fund Corporation. The CEO's salary of Msgr Joseph F Stedman Residence Housing Development Fund Corporation is $0 and their total compensation is $43,612.
Official website here: www.ccbq.org
What is the revenue of Msgr Joseph F Stedman Residence Housing Development Fund Corporation?
Msgr Joseph F Stedman Residence Housing Development Fund Corporation's revenue in 2022 was $1,184,907.
Official website here: www.ccbq.org
Who are the executives of Msgr Joseph F Stedman Residence Housing Development Fund Corporation and what are their salaries?
Here are 10 key members and their salaries (Msgr Joseph F Stedman Residence Housing Development Fund Corporation'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 Msgr Joseph F Stedman Residence Housing Development Fund Corporation?
Msgr Joseph F Stedman Residence Housing Development Fund Corporation'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 Msgr Joseph F Stedman Residence Housing Development Fund Corporation
Msgr Joseph F Stedman Residence Housing Development Fund Corporation is committed to providing safe and affordable housing for elderly and disabled individuals of low income. This nonprofit organization carries out its mission by owning and operating an 88-unit housing project, which falls under HUD Section 202 of the National Housing Act. This project is specifically designed to cater to the needs of elderly and disabled persons who may be financially disadvantaged. By providing such housing, Msgr Joseph F Stedman Residence Housing Development Fund Corporation aims to ensure that these individuals have a secure and comfortable living environment, which is essential for their well-being and independence. The organization's mission is a vital contribution to the community, as it helps to address the housing needs of some of the most vulnerable members of society.
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Impact
July, 2024
The Msgr Joseph F Stedman Residence Housing Development Fund Corporation has a significant impact on the community by providing safe and affordable housing for elderly and disabled persons of low income in Brooklyn, NY. Through its ownership and operation of an 88-unit housing project under HUD Section 202 of the National Housing Act, the organization directly addresses the housing needs of a vulnerable population. This initiative not only ensures that these individuals have a place to call home but also fosters a sense of security and stability in their lives. By fulfilling its mission to provide housing for those in need, the corporation contributes to improving the quality of life for elderly and disabled individuals living on limited incomes.
This information is meant to be a general summary of Msgr Joseph F Stedman Residence 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: $205
- Program Service Revenue: $1,181,308
- Gross Receipts: $1,184,907
Assets and Liabilities:
- Total Assets: $5,851,124
- Total Liabilities: $9,156,124
- Net Assets: -$3,305,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,181,308
Organization Details
Founding Year
1997
Phone
(718) 722-6150Principal Officer
Jeanne M Diulio
Main Address
191 JORALEMON STREET, BROOKLYN, NY, 11201
Website
www.ccbq.orgNTEE Category
Code: L21 - Housing
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