St Pius V Senior Housing Development Fund Corporation

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

EIN: 113402365 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is St Pius V Senior Housing Development Fund Corporation?

St. Pius V Senior Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 191 Joralemon Street. Their primary mission is to offer safe and affordable housing options for elderly and disabled individuals of low income, adhering to the regulations set by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act. The organization manages and operates a 70-unit housing project, ensuring that its residents have a secure living environment.


Official website here: www.ccbq.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars

St Pius V Senior Housing Development Fund Corporation has received a "Needs Improvement" rating from Charity Navigator, with an overall score of 66%. This indicates that while the organization demonstrates some strengths, particularly in its program expense ratio at 91.34%, which shows a commitment to its mission, it faces significant challenges in areas of governance and financial health, evidenced by a concerning liabilities to assets ratio of 188.26%.

One of the key organizational weaknesses is the lack of independent board members, as the organization has no independent representation on its board. This could raise questions about governance practices and accountability. However, the organization has established several important policies, including conflict of interest and whistleblower policies, which are well-documented and contribute positively to its operational integrity.

Despite these strengths, the absence of its tax form on the nonprofit's website is a notable limitation, as transparency is a crucial factor for donor trust and accountability. Overall, while St Pius V Senior Housing Development Fund Corporation shows a strong focus on program expenses, improvements in governance and financial stability are necessary for it to enhance its rating and effectiveness in serving its community.


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

Is St Pius V Senior Housing Development Fund Corporation legitimate?

St Pius V Senior Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Pius V Senior 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 St Pius V Senior Housing Development Fund Corporation?

The St. Pius V Senior Housing Development Fund Corporation is committed to providing safe and affordable housing for elderly and disabled individuals with low income. This organization operates under HUD Section 202 of the National Housing Act, managing a 70-unit housing project specifically designed for this demographic. Their mission is centered around ensuring that these vulnerable individuals have access to decent living conditions without straining their financial resources.


Official website here: www.ccbq.org

Who is the CEO of St Pius V Senior Housing Development Fund Corporation?

Jeanne M Diulio is the Cfo (Thru 12/31/21) of St Pius V Senior Housing Development Fund Corporation. The CEO's salary of St Pius V Senior Housing Development Fund Corporation is $0 and their total compensation is $43,612.


Official website here: www.ccbq.org

What is the revenue of St Pius V Senior Housing Development Fund Corporation?

St Pius V Senior Housing Development Fund Corporation's revenue in 2022 was $1,007,552.


Official website here: www.ccbq.org

Who are the executives of St Pius V Senior Housing Development Fund Corporation and what are their salaries?


Here are 10 key members and their salaries (St Pius V Senior Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $43,612):


Alan Wolinetz (Cfo (Thru 12/31/21))
  • Compensation: $0
  • Related: $281,091
  • Other: $8,117
Jeanne M Diulio (President)
  • Compensation: $0
  • Related: $186,761
  • Other: $19,438
Desiree A Jackson-Fryson (Secretary)
  • Compensation: $0
  • Related: $159,468
  • Other: $40,415
Mary Hurson (Vice President)
  • Compensation: $0
  • Related: $162,994
  • Other: $21,195
Martin Sussman (Treasurer)
  • Compensation: $0
  • Related: $140,193
  • Other: $40,597
Desiree M Arduini (Director)
  • Compensation: $0
  • Related: $158,241
  • Other: $16,129
Samira Alieva (Director)
  • Compensation: $0
  • Related: $141,607
  • Other: $27,615
Richard Slizeski (Director)
  • Compensation: $0
  • Related: $139,730
  • Other: $18,149
Very Rev Patrick Keating (Cfo (As Of 1/1/22))
  • Compensation: $0
  • Related: $46,097
  • Other: $1,504
Rev Msgr Alfred P Lopinto (Ceo)
  • Compensation: $0
  • Related: $37,111
  • Other: $6,501


Official website here: www.ccbq.org

Where can I find the form 990 for St Pius V Senior Housing Development Fund Corporation?

St Pius V Senior 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 St Pius V Senior Housing Development Fund Corporation

St. Pius V Senior Housing Development Fund Corporation is committed to providing a secure and affordable living environment for elderly and disabled individuals of low income. This nonprofit organization fulfills this mission by managing and operating a 70-unit housing project under HUD Section 202 of the National Housing Act. The project is specifically designed to cater to the needs of elderly and disabled persons who fall under the low-income category. By offering safe and affordable housing, St. Pius V Senior Housing Development Fund Corporation aims to contribute to the well-being and comfort of its residents, providing them with a stable and supportive living environment. The organization's mission is a testament to its dedication to enhancing the lives of its residents and promoting social equity in housing opportunities.

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Impact




July, 2024

St Pius V Senior Housing Development Fund Corporation has a direct impact on providing safe and affordable housing for elderly and disabled persons of low income in Brooklyn, NY. Through their ownership and operation of a 70-unit housing project under HUD Section 202 of the National Housing Act, they offer a vital resource for those in need of housing support. By fulfilling their mission to provide this essential service, they contribute to the well-being and quality of life of vulnerable members of the community.




This information is meant to be a general summary of St Pius V Senior 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.

Revenue
$1,007,552 (2022)
Expenses
$1,202,157 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $116
  • Program Service Revenue: $1,003,943
  • Gross Receipts: $1,007,552

Assets and Liabilities:

  • Total Assets: $3,939,912
  • Total Liabilities: $7,156,436
  • Net Assets: -$3,216,524

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Programs

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

RENTAL INCOME

Revenue

$1,003,943

Organization Details

Founding Year

1997

Principal Officer

Jeanne M Diulio

Main Address

191 JORALEMON STREET, BROOKLYN, NY, 11201

NTEE Category

Code: L22 - Housing

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