Overview
What is Mhany 1999 Ii Housing Development Fund Corporation?
Mhany 1999 II Housing Development Fund Corporation is a nonprofit organization based in Brooklyn, New York, specifically at 470 Vanderbilt Avenue, 9th Floor. Their primary mission is to develop housing projects that cater to individuals of low income, operating on a non-profit basis. To achieve this, they incur expenses related to the maintenance of these projects. Their work contributes significantly to providing housing solutions for those who may not otherwise have access to adequate accommodations.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82%, Three-Star out of Four Star rating.
Mhany 1999 Ii Housing Development Fund Corporation has received a solid Three-Star rating based on its strong accountability and finance practices. The organization demonstrates excellent financial health, notably with a program expense ratio of 90.90%, which indicates that a significant portion of its funds is directed towards its programs rather than administrative costs.
The organization boasts a fully independent board, with all eight members meeting independence criteria, and it maintains transparency with documented board meeting minutes. Its financial statements are thoroughly audited, reflecting a commitment to accountability and trustworthiness in its operations.
While the charity has shown strong performance in its financial metrics, it is important to consider its overall impact in the community, as the rating is solely based on the accountability and finance beacon. Further qualitative assessments could provide additional insights into its effectiveness in achieving mission goals beyond financial measures.
This AI summary has been generated from information found on Charity Navigator.
Is Mhany 1999 Ii Housing Development Fund Corporation legitimate?
Mhany 1999 Ii Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhany 1999 Ii 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
What is the mission statement of Mhany 1999 Ii Housing Development Fund Corporation?
The Mhany 1999 II Housing Development Fund Corporation is committed to developing, on a non-profit basis, a housing project that caters to individuals of low income. Their primary mission is to provide affordable housing solutions for this demographic, aiming to enhance their living standards. The corporation incurs expenses for the maintenance of this housing project, ensuring it remains in good condition and continues to serve its intended purpose.
Who is the CEO of Mhany 1999 Ii Housing Development Fund Corporation?
Ismene Speliotis is the President of Mhany 1999 Ii Housing Development Fund Corporation.
What is the revenue of Mhany 1999 Ii Housing Development Fund Corporation?
Mhany 1999 Ii Housing Development Fund Corporation's revenue in 2022 was $1,995,503.
Who are the executives of Mhany 1999 Ii Housing Development Fund Corporation and what are their salaries?
There 3 volunteers at Mhany 1999 Ii Housing Development Fund Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mhany 1999 Ii Housing Development Fund Corporation?
Mhany 1999 Ii Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mhany 1999 Ii Housing Development Fund Corporation
Mhany 1999 II Housing Development Fund Corporation is a non-profit organization dedicated to a significant mission. This mission entails the development of a housing project, on a non-profit basis, specifically catering to individuals with low income. The corporation's primary goal is to provide a suitable living space for this demographic, aiming to contribute positively to their lives. The organization incurs expenses for the maintenance of this housing project, ensuring that the living conditions remain conducive for its residents. By undertaking this mission, Mhany 1999 II Housing Development Fund Corporation is making a significant impact, providing affordable housing solutions for those in need.
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Impact
July, 2024
Mhany 1999 II Housing Development Fund Corporation has made a significant impact by developing a housing project for persons of low income in Brooklyn, NY. By providing affordable housing options, they have contributed to improving the living conditions and stability of individuals and families in need. Their dedication to serving the community aligns with their mission to address housing challenges and support those with limited financial resources. Through their efforts, Mhany 1999 II Housing Development Fund Corporation plays a vital role in promoting access to safe and affordable housing for vulnerable populations.
This information is meant to be a general summary of Mhany 1999 Ii 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: $580
- Program Service Revenue: $1,975,976
- Gross Receipts: $1,995,503
Assets and Liabilities:
- Total Assets: $12,823,851
- Total Liabilities: $4,735,229
- Net Assets: $8,088,622
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,975,976
Organization Details
Founding Year
1999
Phone
(718) 246-8080Principal Officer
Ismene Speliotis
Main Address
470 VANDERBILT AVE 9TH FLOOR, BROOKLYN, NY, 11238
NTEE Category
Code: L20 - Housing
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