Overview
What is Clarkstown Middlewood Housing Development Fund Company Inc?
Clarkstown Middlewood Housing Development Fund Company Inc is a nonprofit organization situated in Suffern, New York, specifically at 4 Executive Blvd 100. Its primary role is the management of a 107-unit residential apartment building complex located in Nanuet, New York, under Section 215 of the National Housing Act. Regulated by the U.S. Department of Housing and Urban Development (HUD), this organization ensures compliance with rental charges and operating methods, as well as oversees a Section 8 Rental Assistance Contract, which it has in place since August 1982. The company's main objective is to provide suitable housing solutions for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Stars)
Clarkstown Middlewood Housing Development Fund Company Inc has received a Two-Star rating from Charity Navigator, indicating concerns regarding its Accountability and Finance practices. The overall score reflects weaknesses in board independence and governance, with no independent board members, which may affect decision-making and transparency.
Despite the challenges in governance, the organization shows strengths in financial management, as indicated by its successful audit and a high program expense ratio of 88.99%. This suggests that a significant portion of its expenses goes toward its programs, which is a positive aspect for potential donors looking to support effective initiatives.
However, there are notable limitations in their governance policies, including missing documentation for a conflict of interest policy and lack of independent board members. Additionally, their website is not listed on their tax form, and essential documents like board meeting minutes and the tax form itself are not publicly accessible, raising concerns about transparency and accountability to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Clarkstown Middlewood Housing Development Fund Company Inc legitimate?
Clarkstown Middlewood Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clarkstown Middlewood 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: $0
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What is the mission statement of Clarkstown Middlewood Housing Development Fund Company Inc?
Clarkstown Middlewood Housing Development Fund Company Inc's mission is centered around operating a 107-unit residential apartment building complex. This operation is conducted under Section 215 of the National Housing Act, which is overseen by the U.S. Department of Housing & Urban Development. The company's responsibilities include adhering to the department's guidelines regarding rental charges and operating methods. Furthermore, the company is subject to a Section 8 Rental Assistance Contract, which was established in August 1982. The company's primary role is to manage this apartment complex in compliance with these regulatory frameworks.
Who is the CEO of Clarkstown Middlewood Housing Development Fund Company Inc?
George Hoehmann is the President & Chairman of Clarkstown Middlewood Housing Development Fund Company Inc.
What is the revenue of Clarkstown Middlewood Housing Development Fund Company Inc?
Clarkstown Middlewood Housing Development Fund Company Inc's revenue in 2022 was $1,944,288.
Who are the executives of Clarkstown Middlewood Housing Development Fund Company Inc and what are their salaries?
There 5 volunteers at Clarkstown Middlewood Housing Development Fund Company Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Clarkstown Middlewood Housing Development Fund Company Inc?
Clarkstown Middlewood Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clarkstown Middlewood Housing Development Fund Company Inc
Clarkstown Middlewood Housing Development Fund Company Inc, as a nonprofit organization, is dedicated to managing a 107-unit residential apartment building complex. This mission is carried out under Section 215 of the National Housing Act. Regulated by the U.S. Department of Housing and Urban Development (HUD), the organization's operations regarding rental charges and methods are closely monitored by this regulatory body. Furthermore, Clarkstown Middlewood Housing Development Fund Company Inc has been under a Section 8 Rental Assistance Contract since August 1982, which adds an additional layer of support for the residents of the apartment complex. The company's mission focuses on providing affordable housing and ensuring that its operations adhere to the guidelines set forth in the National Housing Act and the regulations of the U.S. Department of Housing and Urban Development.
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Impact
August, 2024
Clarkstown Middlewood Housing Development Fund Company Inc's impact lies in providing affordable housing options for individuals and families in Nanuet, New York. Through the operation of a 107-unit residential apartment building complex, this organization ensures that residents have a safe and secure place to call home. By offering this housing under the regulations of the U.S. Department of Housing and Urban Development (HUD), the company plays a crucial role in addressing the need for affordable housing in the area. Additionally, the entity's participation in the Section 8 rental assistance program further enhances its impact by providing financial support to those in need. Overall, Clarkstown Middlewood Housing Development Fund Company Inc contributes to the community by promoting stable housing options and supporting individuals in accessing affordable living arrangements.
This information is meant to be a general summary of Clarkstown Middlewood 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 2022.
- Investment Income: $14,442
- Program Service Revenue: $1,923,696
- Gross Receipts: $1,944,288
Assets and Liabilities:
- Total Assets: $14,620,471
- Total Liabilities: $17,662,122
- Net Assets: -$3,041,651
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,923,696
Organization Details
Founding Year
1972
Phone
(845) 357-7000Principal Officer
George Hoehmann
Main Address
4 EXECUTIVE BLVD 100, SUFFERN, NY, 10901
NTEE Category
Code: J40I - Employment
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