Overview
What is Ame-Zion Trinity Housing Development Fund Co Inc?
Ame-Zion Trinity Housing Development Fund Co Inc is a nonprofit organization established with a mission to address the need for affordable housing. Regulated by the U.S. Department of Housing and Urban Development, this organization operates under Section 8 of the National Housing Act. Their primary activity is a low-income housing rental project, providing a vital service for individuals who may not otherwise have access to adequate housing. By operating as a nonprofit corporation, Ame-Zion Trinity Housing Development Fund Co Inc aims to make a positive impact in their community by ensuring that affordable housing options are available.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Ame-Zion Trinity Housing Development Fund Co Inc has received a two-star rating from Charity Navigator, indicating significant areas for improvement despite some strengths in accountability and finance. The organization scored 100% for aspects such as having a majority of independent board members and a robust program expense ratio of 86.24%. These factors suggest effective governance and a focus on program activities.
However, the nonprofit faces critical shortcomings, particularly in financial transparency and policy documentation. It received a low score for its liabilities to assets ratio, which raises concerns about financial stability. Additionally, essential policies such as conflict of interest, whistleblower, and document retention policies are missing, highlighting a need for better compliance and governance practices.
Overall, while Ame-Zion Trinity Housing Development Fund demonstrates strong programmatic focus and governance, addressing its financial and documentation weaknesses is crucial for enhancing its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Ame-Zion Trinity Housing Development Fund Co Inc legitimate?
Ame-Zion Trinity Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ame-Zion Trinity Housing Development Fund Co 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: $753,979
For more financial information, click here
What is the mission statement of Ame-Zion Trinity Housing Development Fund Co Inc?
The Ame-Zion Trinity Housing Development Fund Co Inc, as a nonprofit organization, is dedicated to providing affordable housing for individuals with low income. Regulated by the U.S. Department of Housing and Urban Development, the fund operates under Section 8 of the National Housing Act, with the primary mission of making housing more accessible for those in need. The organization was established with the goal of offering a housing solution that is within the financial reach of its residents.
Who is the CEO of Ame-Zion Trinity Housing Development Fund Co Inc?
Richard Gilliard is the Vice President of Ame-Zion Trinity Housing Development Fund Co Inc.
What is the revenue of Ame-Zion Trinity Housing Development Fund Co Inc?
Ame-Zion Trinity Housing Development Fund Co Inc's revenue in 2022 was $3,807,591.
Who are the executives of Ame-Zion Trinity Housing Development Fund Co Inc and what are their salaries?
The average compensation at Ame-Zion Trinity Housing Development Fund Co Inc during 2022 was $75,398. There are 10 employees and 8 volunteers at Ame-Zion Trinity Housing Development Fund Co Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ame-Zion Trinity Housing Development Fund Co Inc?
Ame-Zion Trinity Housing Development Fund Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ame-Zion Trinity Housing Development Fund Co Inc
Ame-Zion Trinity Housing Development Fund Co Inc, as a nonprofit organization, is dedicated to providing affordable housing for individuals with low income. Established under Section 8 of the National Housing Act, this organization operates under the regulatory oversight of the U.S. Department of Housing and Urban Development. The primary mission of Ame Zion Trinity Housing Development Fund Co Inc is to serve as a rental provider, ensuring that housing remains accessible and affordable for those in need. By operating within the realms of affordable housing, this organization contributes significantly to the well-being and stability of its community members, playing a vital role in promoting social equality and fostering sustainable living environments.
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Impact
August, 2024
Ame-Zion Trinity Housing Development Fund Co Inc's impact lies in providing affordable housing for low-income individuals in Poughkeepsie, NY. By operating a low-income housing rental project regulated by the U.S. Department of Housing and Urban Development, this organization plays a crucial role in offering housing under Section 8 of the National Housing Act. Through their work, Ame-Zion Trinity Housing Development Fund Co Inc contributes to addressing the housing needs of vulnerable populations and promotes stability and security within the community.
This information is meant to be a general summary of Ame-Zion Trinity Housing Development Fund Co 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.
- Investment Income: $373
- Program Service Revenue: $3,807,218
- Gross Receipts: $3,807,591
Assets and Liabilities:
- Total Assets: $13,454,294
- Total Liabilities: $12,850,851
- Net Assets: $603,443
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$3,799,439
OTHER REVENUE
Revenue
$7,779
Organization Details
Founding Year
1970
Phone
(845) 473-2205Principal Officer
Richard Gilliard
Main Address
21 WILLIAMS ST, POUGHKEEPSIE, NY, 12601
NTEE Category
Code: L20 - Housing
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