Overview
What is The Associated Blind Housing Development Fund Corporation?
The Associated Blind Housing Development Fund Corporation is a nonprofit organization situated in Suffern, New York. Their primary mission is to provide affordable housing options for the elderly and visually impaired individuals with low income. They own and manage a 205-unit apartment complex specifically designed for this demographic. The corporation's efforts are further bolstered by federally subsidized rental assistance under a Section 8 Housing Assistance Payments contract, ensuring that eligible residents can afford their housing costs. With a workforce of ten dedicated individuals, The Associated Blind Housing Development Fund Corporation strives to enhance the quality of life for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Associated Blind Housing Development Fund Corporation has received a Three-Star rating from Charity Navigator, indicating a respectable level of accountability and financial health. The overall score is derived solely from its Accountability & Finance metrics, which are assessed through various benchmarks. The organization excels in several areas, including having a fully independent board and excellent scores in financial statement audits, demonstrating a commitment to transparency and governance.
Notably, the organization shows strong program expense ratios, allocating 95.83% of its expenditures towards programs, which reflects its efficiency in utilizing funds for its mission-related activities. Additionally, it adheres to best practices with policies in place for conflict of interest, whistleblower protections, and document retention. These factors contribute positively to its financial oversight and integrity.
However, a significant concern is the liabilities to assets ratio, which stands at 116.47%. This indicates that the organization has more liabilities than assets, raising potential red flags regarding its long-term financial sustainability. While the charity demonstrates strong accountability practices, this imbalance may warrant further scrutiny by potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Associated Blind Housing Development Fund Corporation legitimate?
The Associated Blind Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Associated Blind 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $784,999
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What is the mission statement of The Associated Blind Housing Development Fund Corporation?
The Associated Blind Housing Development Fund Corporation's mission is centered around providing affordable housing. Specifically, they aim to serve blind and low-income individuals. Besides affordability, their mission also includes offering federally subsidized rental assistance under a Section 8 Housing Assistance Payments contract. Their primary activity involves owning and operating a 205-unit apartment complex, specifically designed for elderly and blind individuals of low income. The corporation's efforts are geared towards providing a living space that is both suitable and financially viable for this specific demographic.
Who is the CEO of The Associated Blind Housing Development Fund Corporation?
Donald Smith is the President/Treasurer of The Associated Blind Housing Development Fund Corporation.
What is the revenue of The Associated Blind Housing Development Fund Corporation?
The Associated Blind Housing Development Fund Corporation's revenue in 2023 was $10,875,750.
Who are the executives of The Associated Blind Housing Development Fund Corporation and what are their salaries?
The average compensation at The Associated Blind Housing Development Fund Corporation during 2023 was $78,500. There are 10 employees at The Associated Blind Housing Development Fund Corporation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for The Associated Blind Housing Development Fund Corporation?
The Associated Blind Housing Development Fund Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Associated Blind Housing Development Fund Corporation
The Associated Blind Housing Development Fund Corporation is dedicated to providing affordable housing solutions for blind and low-income individuals. In line with its mission, the organization strives to offer housing assistance to those in need, leveraging federally subsidized rental assistance under a Section 8 Housing Assistance Payments contract. Beyond just providing housing, The Associated Blind Housing Development Fund Corporation operates a 205-unit apartment complex specifically designed for elderly and blind individuals of low income, ensuring they have a safe and secure living environment.
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Impact
August, 2024
The impact of The Associated Blind Housing Development Fund Corporation is crucial in providing affordable housing to blind and low-income individuals in Suffern, NY. Through owning and operating a 205-unit apartment complex specifically designed for elderly and blind persons of low income, this organization fulfills a pressing need within the community. By offering federally subsidized rental assistance under a Section 8 Housing Assistance Payments contract, they are ensuring that this vulnerable population has access to safe and comfortable housing. This initiative not only addresses the housing insecurity faced by these individuals but also contributes to their overall well-being and quality of life.
This information is meant to be a general summary of The Associated Blind 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 2023.
- Investment Income: $5,700
- Program Service Revenue: $10,870,050
- Gross Receipts: $10,875,750
Assets and Liabilities:
- Total Assets: $61,219,671
- Total Liabilities: $71,307,893
- Net Assets: -$10,088,222
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$10,850,853
LAUNDRY AND VENDING
Revenue
$19,197
Organization Details
Founding Year
1978
Phone
(845) 368-2400Principal Officer
Donald Smith
Main Address
4 EXECUTIVE BLVD 100, SUFFERN, NY, 10901
NTEE Category
Code: L200 - Housing
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