Overview
What is Bishop James Daly Gardens Senior Housing Development Fund Company Inc?
Bishop James Daly Gardens Senior Housing Development Fund Company Inc is a nonprofit organization situated in Hicksville, New York. Their primary mission is to provide affordable housing for individuals and families of limited means, specifically in Uniondale, where adequate housing options are scarce. They achieve this through the ownership and operation of a Section 202 HUD multifamily project, designed specifically for the elderly. This project aims to cater to the housing needs of eligible low-income seniors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Bishop James Daly Gardens Senior Housing Development Fund Company Inc has earned a high rating of 94%, signifying strong performance in accountability and finance. This score reflects the organization’s commitment to transparency and effective governance, as it is based entirely on accountability and finance metrics.
Strengths of the organization include having a fully independent board with eight members and a robust audit and oversight committee. Additionally, the charity maintains a strong program expense ratio of 80.80%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. The absence of any material diversion of assets is also a notable strength, enhancing trust in the organization's operations.
While the overall data presents a positive picture, specific limitations were not noted in the summary. However, potential donors and stakeholders should always consider reviewing additional information about the charity’s programs and impacts to gain a comprehensive understanding of its work.
This AI summary has been generated from information found on Charity Navigator.
Is Bishop James Daly Gardens Senior Housing Development Fund Company Inc legitimate?
Bishop James Daly Gardens Senior Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bishop James Daly Gardens Senior 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: $70,368
For more financial information, click here
What is the mission statement of Bishop James Daly Gardens Senior Housing Development Fund Company Inc?
Bishop James Daly Gardens Senior Housing Development Fund Company Inc, as a not-for-profit organization, is dedicated to providing affordable housing. Its mission is to cater to the needs of eligible low-income families and individuals. The company operates a Section 202 HUD multifamily project specifically designed for the elderly. This project offers 45 units of affordable rental housing, addressing the housing shortage for such individuals in need. The organization's primary objective is to make housing accessible for those with limited means.
Who is the CEO of Bishop James Daly Gardens Senior Housing Development Fund Company Inc?
Richard Balcom is the President of Bishop James Daly Gardens Senior Housing Development Fund Company Inc.
What is the revenue of Bishop James Daly Gardens Senior Housing Development Fund Company Inc?
Bishop James Daly Gardens Senior Housing Development Fund Company Inc's revenue in 2023 was $516,819.
Who are the executives of Bishop James Daly Gardens Senior Housing Development Fund Company Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Bishop James Daly Gardens Senior Housing Development Fund Company Inc?
Bishop James Daly Gardens Senior Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bishop James Daly Gardens Senior Housing Development Fund Company Inc
Bishop James Daly Gardens Senior Housing Development Fund Company Inc, as a not-for-profit organization, is dedicated to providing affordable housing for eligible low-income families and individuals. This mission is carried out by owning and operating a Section 202 HUD multifamily project specifically designed for the elderly. The corporation's aim is to address the lack of adequate housing for individuals with limited means, ensuring they have a safe and affordable living space. Through this initiative, Bishop James Daly Gardens Senior Housing Development Fund Company Inc contributes to the well-being of its community, offering 45 units of affordable rental housing in Uniondale, New York.
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Impact
July, 2024
Bishop James Daly Gardens Senior Housing Development Fund Company Inc's impact lies in providing affordable housing for low-income individuals and families in Uniondale, New York. Through its ownership and operation of a Section 202 HUD multifamily project forapartments, the organization offers 45 units of affordable rental housing to those in need. By addressing the crucial need for adequate housing in the area where no other options may be available, Bishop James Daly Gardens plays a vital role in supporting the community and improving the lives of its residents.
This information is meant to be a general summary of Bishop James Daly Gardens Senior 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $26,294
- Program Service Revenue: $489,301
- Gross Receipts: $516,819
Assets and Liabilities:
- Total Assets: $3,343,004
- Total Liabilities: $195,786
- Net Assets: $3,147,218
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDY REVENUE
Revenue
$327,058
PROGRAM SERVICE REVENU
Revenue
$162,243
Organization Details
Founding Year
2001
Phone
(516) 733-7032Principal Officer
Richard Balcom
Main Address
90 CHERRY LANE, HICKSVILLE, NY, 118016232
NTEE Category
Code: P20 - Human services
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