Overview
What is 1712 And 1715 Housing Development Fund Company Inc?
1712 And 1715 Housing Development Fund Company Inc is a nonprofit organization situated in New York City, specifically at 494 Eighth Avenue, 19th Floor. Their primary mission is to offer clean, affordable housing to low-income families, with a current project providing 83 units in the Bronx, New York. By providing such housing, this organization aims to contribute positively to the community and improve the living conditions of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
1712 And 1715 Housing Development Fund Company Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial management practices. While the organization has shown strengths, such as having a majority of independent board members and a solid program expense ratio, critical areas like financial transparency are lacking.
The organization scored poorly on aspects like the availability of financial statements and the posting of its tax form on its website, which are essential for building trust with donors and the public. Additionally, the absence of a whistleblower policy raises concerns regarding internal accountability. Despite these issues, the organization does have policies in place for conflict of interest and document retention.
Overall, while the organization demonstrates commitment in its programming, it faces challenges in transparency and financial accountability that need to be addressed to improve its standing and instill greater confidence among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is 1712 And 1715 Housing Development Fund Company Inc legitimate?
1712 And 1715 Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1712 And 1715 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
For more financial information, click here
What is the mission statement of 1712 And 1715 Housing Development Fund Company Inc?
The mission of 1712 And 1715 Housing Development Fund Company Inc is centered around providing affordable housing solutions. Specifically, their goal is to offer clean and reasonably priced living spaces to families with low income. Currently, they are focused on serving 83 such families in an unspecified location. Their dedication to this cause contributes to the betterment of the community by ensuring a decent living standard for those in need.
Who is the CEO of 1712 And 1715 Housing Development Fund Company Inc?
Paul Moore is the Director of 1712 And 1715 Housing Development Fund Company Inc.
What is the revenue of 1712 And 1715 Housing Development Fund Company Inc?
1712 And 1715 Housing Development Fund Company Inc's revenue in 2022 was $1,993,976.
Who are the executives of 1712 And 1715 Housing Development Fund Company Inc and what are their salaries?
There 7 volunteers at 1712 And 1715 Housing Development Fund Company Inc.
Here are 9 key members and their salaries:
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- Related: $10,800
- Other: $3,240
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- Related: $116,000
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Where can I find the form 990 for 1712 And 1715 Housing Development Fund Company Inc?
1712 And 1715 Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1712 And 1715 Housing Development Fund Company Inc
1712 And 1715 Housing Development Fund Company Inc, as a nonprofit organization, is dedicated to providing a vital service. Their mission is centered around supplying clean and affordable housing to families with limited income, specifically targeting 83 such families in their operations. This commitment to social welfare is evident in their construction and management of housing units that cater to this demographic, ensuring they have access to comfortable living spaces despite their financial constraints.
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Impact
August, 2024
1712 And 1715 Housing Development Fund Company Inc's impact lies in its provision of clean, affordable housing to low-income residents in the Bronx, NY. By offering 83 units to low-income families, this organization plays a crucial role in addressing the housing needs of a vulnerable population. Their mission to provide a safe and affordable living environment enhances the quality of life for these families, contributing to the overall well-being and stability of the community.
This information is meant to be a general summary of 1712 And 1715 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: $912
- Program Service Revenue: $1,874,755
- Gross Receipts: $1,993,976
Assets and Liabilities:
- Total Assets: $4,567,370
- Total Liabilities: $5,550,384
- Net Assets: -$983,014
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SEC 8 SUBSIDIES
Revenue
$1,163,998
TENANT RENTS
Revenue
$710,757
Organization Details
Founding Year
1975
Phone
(212) 563-0310Principal Officer
Paul Moore
Main Address
494 EIGHTH AVENUE 19TH FLOOR, NEW YORK, NY, 10001
NTEE Category
Code: L21 - Housing
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