Overview
What is Greater Centennial Homes Housing Development Fund Company Inc?
Greater Centennial Homes Housing Development Fund Company Inc, established in 1981 in Mount Vernon, New York, is a nonprofit organization sponsored by Greater Centennial A.M.E. Zion Church. Its primary mission is to provide housing opportunities for low and moderate-income families. The company demonstrates a commitment to managing and preserving affordable housing in Mount Vernon, with a total workforce of 7 individuals. The organization's activities revolve around offering quality, affordable housing options to the community, working to sustain a viable source for housing needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Stars (69%)
Greater Centennial Homes Housing Development Fund Company Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in several areas of its operations. The charity scored 69% overall, with strengths noted in its independent board composition and financial audit practices. The organization demonstrates a high level of accountability in terms of board independence and maintains robust financial statements, showing no material diversion of assets.
However, significant limitations were identified regarding the organization’s transparency and governance policies. The charity lacks essential disclosures, such as a conflict of interest policy, whistleblower policy, and the posting of its tax forms on its website. Additionally, its liabilities-to-assets ratio is concerning, reflecting potential financial instability, while the absence of documented board meeting minutes raises questions about governance practices.
In summary, while Greater Centennial Homes shows proficiency in maintaining an independent board and managing its financial audits, improvements are needed in policy transparency and addressing its financial liabilities to better serve its mission and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Centennial Homes Housing Development Fund Company Inc legitimate?
Greater Centennial Homes Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Centennial Homes 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: $240,082
For more financial information, click here
What is the mission statement of Greater Centennial Homes Housing Development Fund Company Inc?
The mission of Greater Centennial Homes Housing Development Fund Company Inc is focused on providing housing opportunities for families with lower and moderate incomes. This organization is committed to managing and preserving a reliable source of affordable housing, demonstrating a continued dedication to this cause. Their goal is to maintain a viable and high-quality housing solution for these families, contributing to a more inclusive and equitable living environment.
Who is the CEO of Greater Centennial Homes Housing Development Fund Company Inc?
Dr Stephen W Pogue is the Chairman of Greater Centennial Homes Housing Development Fund Company Inc.
What is the revenue of Greater Centennial Homes Housing Development Fund Company Inc?
Greater Centennial Homes Housing Development Fund Company Inc's revenue in 2021 was $3,701,165.
Who are the executives of Greater Centennial Homes Housing Development Fund Company Inc and what are their salaries?
The average compensation at Greater Centennial Homes Housing Development Fund Company Inc during 2021 was $34,297. There are 7 employees and 3 volunteers at Greater Centennial Homes Housing Development Fund Company Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Greater Centennial Homes Housing Development Fund Company Inc?
Greater Centennial Homes Housing Development Fund Company Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Greater Centennial Homes Housing Development Fund Company Inc
Greater Centennial Homes Housing Development Fund Company Inc, as a not-for-profit organization, is dedicated to providing housing for families with low and moderate incomes. This mission is not just a simple statement, but a commitment to maintain and preserve a reliable source of affordable housing. The company demonstrates its dedication by managing and preserving such housing, thereby contributing positively to the community's needs. The organization was established in 1981, sponsored by Greater Centennial A.M.E. Zion Church of Mount Vernon, and has been providing housing solutions for families in need ever since.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Greater Centennial Homes Housing Development Fund Company Inc's impact is centered around providing housing for low and moderate-income families in Mount Vernon, NY. The organization demonstrates a strong commitment to managing and preserving a viable source of quality affordable housing in the community. By focusing on this mission, Greater Centennial Homes plays a crucial role in addressing housing needs and improving the living conditions of families who may face financial challenges.
This information is meant to be a general summary of Greater Centennial Homes 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 2021.
- Investment Income: $733
- Program Service Revenue: $3,685,347
- Gross Receipts: $3,701,165
Assets and Liabilities:
- Total Assets: $12,297,356
- Total Liabilities: $12,418,512
- Net Assets: -$121,156
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,685,347
Organization Details
Founding Year
1971
Phone
(914) 664-1838Principal Officer
Dr Stephen W Pogue
Main Address
114 WEST FOURTH STREET, MOUNT VERNON, NY, 10550
NTEE Category
Code: L20Z - Housing
If you are a representative of Greater Centennial Homes Housing Development Fund Company Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.