Overview
What is St Margaret's House Housing Development Fund Corporation?
St. Margaret's House Housing Development Fund Corporation is a nonprofit organization situated in New York, specifically at 49 Fulton Street, New York, NY 10038. Their primary mission is to offer housing services for low-income elderly individuals and those with mobility impairments, under the Housing Urban Development Section 8 program. In 2022, they provided housing to approximately 342 tenants. The organization believes in fostering an active and positive community among its tenants, staff, and the surrounding area. They achieve this through various activities like educational events, recreational activities, being a good neighbor, sharing spaces, and celebrations. St. Margaret's House is more than just a housing provider; it serves as a community leader and role model, contributing positively to its tenants and the broader community while maintaining a robust financial position. The organization is staffed by 10 individuals.
Official website here: www.smhnyc.org
What are the reviews and ratings of this charity?
96% rating from Charity Navigator indicates that St Margaret's House Housing Development Fund Corporation is operating at a high level of accountability and finance. This Four-Star out of Four Star rating showcases the organization's commitment to transparency and effective management of funds, as it scored exceptionally well across various accountability metrics.
The organization demonstrates strong governance with an entirely independent board, which contributes to its fiscal integrity. With a remarkable program expense ratio of 88.65%, St Margaret's House efficiently allocates its resources towards fulfilling its mission, suggesting a focus on impactful programming rather than administrative costs.
There are no significant limitations noted in the data, reinforcing the organization's strong standing within the nonprofit sector. Overall, St Margaret's House Housing Development Fund Corporation is recognized for its high standards of accountability and effective financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is St Margaret's House Housing Development Fund Corporation legitimate?
St Margaret's House Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Margaret's House Housing Development Fund Corporation 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: $319,071
Professional Fundraising Fees: $0
Other Salaries and Wages: $480,886
For more financial information, click here
Official website here: www.smhnyc.org
What is the mission statement of St Margaret's House Housing Development Fund Corporation?
St. Margaret's House Housing Development Fund Corporation is dedicated to providing housing services for low-income elderly individuals and those with mobility impairments. The organization operates a 20-story residential building with 251 apartments, also housing its occupancy department and spaces for tenant and community events. St. Margaret's House aims to serve as an active and positive community leader, benefiting its tenants, staff, and the wider community at large. The corporation organizes educational events, recreational activities, and community-focused initiatives, such as being a good neighbor, sharing spaces, and serving as a community destination. They also focus on knowledge building, commitment to computers, and celebrations. In the past year, St. Margaret's House continued to positively impact its tenants and the community while maintaining a strong financial position.
Official website here: www.smhnyc.org
Who is the CEO of St Margaret's House Housing Development Fund Corporation?
Susan H Hewitt is the Board Member of St Margaret's House Housing Development Fund Corporation.
Official website here: www.smhnyc.org
What is the revenue of St Margaret's House Housing Development Fund Corporation?
St Margaret's House Housing Development Fund Corporation's revenue in 2022 was $10,355,247.
Official website here: www.smhnyc.org
Who are the executives of St Margaret's House Housing Development Fund Corporation and what are their salaries?
The average compensation at St Margaret's House Housing Development Fund Corporation during 2022 was $79,996. There are 10 employees and 25 volunteers at St Margaret's House Housing Development Fund Corporation.
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- Compensation: $186,391
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Official website here: www.smhnyc.org
Where can I find the form 990 for St Margaret's House Housing Development Fund Corporation?
St Margaret's House Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.smhnyc.org
Learn more at the official website: www.smhnyc.org
Mission Statement of St Margaret's House Housing Development Fund Corporation
St. Margaret's House Housing Development Fund Corporation is committed to providing housing services for low-income elderly individuals and those with mobility impairments. Their mission is twofold: firstly, they operate a residential building with 251 apartments, offering a home for these vulnerable groups. Secondly, they serve as a community leader and role model, fostering an active and positive environment within their building.
The organization hosts a variety of activities to engage and uplift its tenants. These events include educational seminars, recreational activities, community outreach, and celebrations that bring people together. St. Margaret's House also shares its spaces with the community, acting as a hub for various events and initiatives. By doing so, they aim to promote knowledge building, encourage computer literacy, and celebrate the diversity of their inhabitants.
In summary, St. Margaret's House Housing Development Fund Corporation is dedicated to providing safe and affordable housing for low-income elderly and mobility-impaired individuals. Beyond this, they strive to create a vibrant and supportive community where tenants can learn, grow, and connect with one another.
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Impact
August, 2024
St. Margaret's House Housing Development Fund Corporation's impact is profoundly felt in the community as it provides essential housing services to low-income elderly and the handicapped with mobility impairments. Operating under a Housing Urban Development Section 8 program, the organization offered housing to approximately 342 tenants in 2022. St. Margaret's House is a beacon of support for those in need, offering a safe and caring environment for its residents. Through its various programs and activities such as educational events, recreational activities, and community-building initiatives, St. Margaret's House continues to make a positive and significant impact on its tenants and the wider community.
This information is meant to be a general summary of St Margaret's House Housing Development Fund Corporation. 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: $111,088
- Program Service Revenue: $10,232,279
- Gross Receipts: $15,360,260
Assets and Liabilities:
- Total Assets: $21,344,645
- Total Liabilities: $1,056,394
- Net Assets: $20,288,251
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$10,232,279
Organization Details
Founding Year
1977
Phone
(212) 766-8122Principal Officer
Susan H Hewitt
Main Address
49 FULTON STREET, NEW YORK, NY, 10038
Website
www.smhnyc.orgNTEE Category
Code: L210 - Housing
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