Overview
What is Findlay House Inc?
Findlay House Inc., based in the Bronx, New York, is a not-for-profit organization that has been established according to the laws of New York State. Its primary purpose is to provide low-income housing to eligible applicants, with a current capacity of 227 units. Beyond housing, the organization also operates a food service program to support its residents. Found in the address 1175 Findlay, Bronx, NY 10456, Findlay House Inc. is committed to enhancing the living conditions of senior citizens in the area, providing them with a secure and supportive environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Findlay House Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a score of 64%. This rating highlights serious concerns regarding the organization's financial transparency, as it lacks key financial statements and essential information on its website. However, the organization demonstrates strong governance practices, with a fully independent board and established policies for conflict of interest, whistleblowers, and document retention.
The nonprofit exhibits a high program expense ratio of 93.66%, reflecting a significant commitment to its mission and effective use of resources in programmatic efforts. Despite these strengths, the organization faces challenges in financial accountability, evident in its high liabilities to assets ratio, which raises concerns about its financial health and sustainability.
Overall, while Findlay House Inc shows dedication to its core programs and governance, there are critical improvements needed in financial transparency and online presence to enhance its credibility and trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Findlay House Inc legitimate?
Findlay House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Findlay House 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: $262,631
For more financial information, click here
What is the mission statement of Findlay House Inc?
Findlay House Inc, established as a not-for-profit organization under New York State laws, is dedicated to providing low-income housing to qualified applicants. Their primary mission involves owning and operating a rental housing project, offering suitable accommodations to individuals in need. In addition to housing, Findlay House Inc also operates a food service program. The organization provides housing to a significant number of low-income senior citizens, specifically, 227 units in the Bronx.
Who is the CEO of Findlay House Inc?
Mark Busgang is the Chairman of Findlay House Inc.
What is the revenue of Findlay House Inc?
Findlay House Inc's revenue in 2022 was $1,866,174.
Who are the executives of Findlay House Inc and what are their salaries?
The average compensation at Findlay House Inc during 2022 was $37,519. There are 7 employees at Findlay House Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Findlay House Inc?
Findlay House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Findlay House Inc
Findlay House Inc, a not-for-profit organization established under New York State's laws, is dedicated to providing low-income housing opportunities for qualified applicants. The primary mission of Findlay House Inc is to operate a rental housing project, offering a safe and affordable living environment for individuals in need. In addition to housing, the organization also runs a food service program, further supporting its residents. The organization provides 227 housing units specifically for low-income senior citizens, ensuring that this vulnerable population has access to safe and comfortable living conditions.
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Impact
August, 2024
Findlay House Inc has a significant impact on the community by providing 227 housing units to low-income senior citizens in the Bronx. This crucial service helps improve the quality of life for those in need by ensuring they have affordable and safe housing options. Additionally, the organization's food service program further supports the well-being of its residents. Findlay House Inc's dedication to offering human services to qualified applicants underscores its commitment to addressing the housing challenges faced by low-income individuals in the Bronx, NY.
This information is meant to be a general summary of Findlay House 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 2022.
- Program Service Revenue: $1,866,174
- Gross Receipts: $1,866,174
Assets and Liabilities:
- Total Assets: $3,911,707
- Total Liabilities: $7,067,520
- Net Assets: -$3,155,813
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,790,074
MISCELLANEOUS INCOME
Revenue
$70,800
LAUNDRY INCOME
Revenue
$4,100
PARKING INCOME
Revenue
$1,200
Organization Details
Founding Year
1966
Phone
(718) 822-7377Principal Officer
Mark Busgang
Main Address
1175 FINDLAY, BRONX, NY, 10456
NTEE Category
Code: P75Z - Human services
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