Overview
What is Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg?
Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg, hereafter referred to as the Association, is a nonprofit organization based in New York City, specifically at One Whitehall Street, 9th Floor. Their primary mission is to provide safe, healthy, and affordable housing for approximately 24 developmentally disabled adult tenants. The Association achieves this by leveraging the Section 8/Section 202 Direct Loan Program from the U.S. Department of Housing and Urban Development (HUD). This program aims to ensure that individuals with developmental disabilities have access to suitable housing options, thereby enhancing their overall quality of life. The organization, with a workforce of three dedicated individuals, plays a crucial role in addressing housing needs for this specific population.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating.
The Assoc For Children With Retarded Mental Development Resid Fac Hsg has received a Two-Star rating based on its overall score of 64%. This rating indicates some concerns regarding the organization's accountability and finance practices. Specifically, it lacks independent board members and has a high liabilities-to-assets ratio, suggesting potential financial risks.
Despite these limitations, the organization demonstrates strengths in its program expense ratio, which stands at 83.74%, indicating that a significant portion of its budget is directed towards its programs. Additionally, the charity has established policies for conflicts of interest, whistleblowing, and document retention, which reflect its commitment to governance standards. However, the absence of its website on tax forms and missing financial disclosures on its website are notable issues that could affect transparency.
In summary, while the organization effectively allocates funds to its programs, it faces challenges in governance and financial transparency that contribute to its lower rating. Continuous improvement in these areas could help enhance its standing and foster greater public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg legitimate?
Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg is a legitimate nonprofit organization registered as a 501(c)(3) entity. Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg 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: $11,600
For more financial information, click here
Official website here: www.none
What is the mission statement of Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg?
The Assoc for Children with Retarded Mental Development Resid Fac Hsg's mission is centered around providing housing for adults with developmental disabilities. This organization achieves this by leveraging the Section 8/Section 202 Direct Loan Program from the U.S. Department of Housing and Urban Development (HUD). Their mission is to offer safe, healthy, and affordable housing to approximately 24 such adults, ensuring they have a suitable living environment.
Official website here: www.none
Who is the CEO of Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg?
Thomas Lydon is the President of Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg.
Official website here: www.none
What is the revenue of Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg?
Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg's revenue in 2022 was $549,427.
Official website here: www.none
Who are the executives of Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg and what are their salaries?
The average compensation at Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg during 2022 was $3,867. There are 3 employees and 2 volunteers at Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $327,132
- Other: $24,106
- Compensation: $0
- Related: $194,511
- Other: $8,816
- Compensation: $0
- Related: $167,691
- Other: $8,673
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg
The Association for Children with Retarded Mental Development Residency Facility Housing, hereafter referred to as the Association, is dedicated to providing housing for developmentally disabled adults. Their mission is aligned with the Section 8/Section 202 Direct Loan Program from the U.S. Department of Housing and Urban Development (HUD). The Association utilizes this program to offer safe, healthy, and affordable housing for approximately 24 developmentally disabled adult tenants. The organization's primary goal is to ensure that these individuals have a secure living environment that caters to their unique needs.
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Impact
July, 2024
Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg's impact lies in providing safe, healthy, and affordable housing for approximately 24 developmentally disabled adult tenants in New York. By participating in the Section 8/Section 202 Direct Loan Program from the U.S. Department of Housing and Urban Development (HUD), the organization ensures that these individuals have a stable living environment that meets their unique needs. This initiative supports their overall well-being and contributes to their quality of life, fulfilling a crucial need in the community.
This information is meant to be a general summary of Assoc For Children With Retarded Mental Develpmt Resid Fac Hsg. 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: $50
- Program Service Revenue: $549,192
- Gross Receipts: $549,427
Assets and Liabilities:
- Total Assets: $1,609,063
- Total Liabilities: $1,724,123
- Net Assets: -$115,060
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANT PAYMENT
Revenue
$450,059
RENT REVENUE - GROSS PAYMENT
Revenue
$99,133
Organization Details
Founding Year
1976
Phone
(212) 741-0100Principal Officer
Thomas Lydon
Main Address
ONE WHITEHALL STREET 9TH FL, NEW YORK, NY, 10004
Website
www.noneNTEE Category
Code: P82Z - Human services
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