Overview
What is Clinton Housing Development Company Inc?
Clinton Housing Development Company Inc, based in New York City, is a dedicated nonprofit organization with the mission of improving its Clinton community and surrounding neighborhoods. They accomplish this by providing and maintaining affordable housing for individuals with low income, operating on a non-profit basis. This commitment extends beyond development, as they also manage and maintain these housing projects to ensure the well-being of their residents.
What are the reviews and ratings of this charity?
79% rating from Charity Navigator indicates a Three-Star out of Four Star rating for Clinton Housing Development Company Inc. This score reflects a strong commitment to accountability and finance, with the organization scoring particularly well in various governance measures, including having a fully independent board and robust financial oversight.
The organization excels in its accountability practices, showcasing an independent board that consists of 88% independent members and high scores in areas such as conflict of interest and whistleblower policies. Additionally, the program expense ratio of 79.33% demonstrates a significant proportion of funding directed towards its core mission-related activities.
However, while the financial scoring is commendable, the overall rating is exclusively based on the accountability and finance beacon, indicating a potential lack of data on other aspects such as impact and effectiveness. As such, stakeholders may want to consider this limitation when evaluating the organization’s overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Clinton Housing Development Company Inc legitimate?
Clinton Housing Development Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clinton Housing Development 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: $219,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,708,367
For more financial information, click here
What is the mission statement of Clinton Housing Development Company Inc?
Clinton Housing Development Company Inc, as a non-profit organization, is dedicated to developing, managing, and maintaining affordable housing projects for individuals of low income. Their mission is centered around providing permanent housing solutions within a community-focused approach, aiming to improve living conditions for those in need. The company's activities are conducted with the goal of contributing positively to the well-being of its residents, promoting a sense of community and stability.
What is the revenue of Clinton Housing Development Company Inc?
Clinton Housing Development Company Inc's revenue in 2022 was $6,736,073.
Who are the executives of Clinton Housing Development Company Inc and what are their salaries?
The average compensation at Clinton Housing Development Company Inc during 2022 was $12,279. There are 157 employees at Clinton Housing Development Company Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Clinton Housing Development Company Inc?
Clinton Housing Development Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clinton Housing Development Company Inc
Clinton Housing Development Company, a non-profit organization, is dedicated to making a significant impact in the realm of housing. Their primary mission is to develop, manage, and maintain affordable housing projects for individuals of low income, all carried out on a non-profit basis. By doing so, they aim to contribute positively to their community, specifically focusing on New York City's Clinton neighborhood and its surroundings.
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Impact
August, 2024
Clinton Housing Development Company Inc's impact is significant as it plays a crucial role in developing New York City's Clinton community and surrounding neighborhoods by providing permanent affordable housing for individuals of low income. Through its mission to develop, manage, and maintain housing projects on a non-profit basis, CHDC has helped address the housing needs of vulnerable populations and contributed to creating more stable and secure living environments for those in need. By focusing on providing affordable housing options, CHDC is positively impacting the lives of individuals and families who might otherwise struggle to find suitable accommodation in a competitive housing market.
This information is meant to be a general summary of Clinton Housing Development 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: $39,690
- Program Service Revenue: $4,651,166
- Gross Receipts: $6,736,073
Assets and Liabilities:
- Total Assets: $133,253,863
- Total Liabilities: $94,666,719
- Net Assets: $38,587,144
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENT
Revenue
$2,465,463
PROPERTY MGMT FEES
Revenue
$702,308
NET LEASES
Revenue
$663,802
REPAIRS & MAINT. FEES
Revenue
$182,467
DEVELOPER FEES
Revenue
$163,774
Organization Details
Principal Officer
Joseph Restuccia
NTEE Category
Code: L21 - Housing
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