Overview
What is Pilot Cove Manor Housing Development Fund Co Inc?
Pilot Cove Manor Housing Development Fund Co Inc is a nonprofit organization, situated unspecified, dedicated to serving the elderly community. They operate under Section 202 of the National Housing Act, providing suitable housing solutions for senior citizens. The organization's primary mission is to ensure the well-being of elderly individuals by offering them a place to reside, thereby enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Pilot Cove Manor Housing Development Fund Co Inc has received a strong Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The rating reflects an excellent Accountability & Finance score of 86%, demonstrating that the organization adheres to high standards of transparency and financial management. The charity's fiscal operations from the most recent year show a commitment to responsible governance, with a fully independent board and appropriate oversight mechanisms in place.
The organization excels in various key areas, including having a board comprised entirely of independent members and robust audit practices. It shows no material diversion of assets and maintains a favorable liabilities to assets ratio, indicating sound financial health. Additionally, the charity allocates all its expenses to programs, showcasing its dedication to fulfilling its mission without excess administrative costs.
While the rating is commendable, potential donors may want to consider the overall impact of the programs supported by the organization, as the data primarily reflects financial metrics. Overall, Pilot Cove Manor demonstrates strong organizational practices that foster trust among stakeholders and ensure effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Pilot Cove Manor Housing Development Fund Co Inc legitimate?
Pilot Cove Manor Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pilot Cove Manor Housing Development Fund Co 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: $370,867
For more financial information, click here
What is the mission statement of Pilot Cove Manor Housing Development Fund Co Inc?
Pilot Cove Manor Housing Development Fund Co Inc's mission is centered around providing housing solutions for elderly individuals. They accomplish this task under the provisions of Section 202 of the National Housing Act. The organization's primary objective is to offer suitable living arrangements for the elderly population, ensuring they have a comfortable and age-appropriate environment. By adhering to the guidelines of Section 202, they are able to offer housing solutions that cater specifically to the needs of the elderly.
Who is the CEO of Pilot Cove Manor Housing Development Fund Co Inc?
Jimmy Livingston is the President of Pilot Cove Manor Housing Development Fund Co Inc.
What is the revenue of Pilot Cove Manor Housing Development Fund Co Inc?
Pilot Cove Manor Housing Development Fund Co Inc's revenue in 2022 was $1,889,351.
Who are the executives of Pilot Cove Manor Housing Development Fund Co Inc and what are their salaries?
The average compensation at Pilot Cove Manor Housing Development Fund Co Inc during 2022 was $46,358. There are 8 employees at Pilot Cove Manor Housing Development Fund Co Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Pilot Cove Manor Housing Development Fund Co Inc?
Pilot Cove Manor Housing Development Fund Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pilot Cove Manor Housing Development Fund Co Inc
Pilot Cove Manor Housing Development Fund Co Inc, as a nonprofit organization, is dedicated to providing housing for elderly individuals. In line with this mission, the company operates under Section 202 of the National Housing Act. This act serves as a guiding principle, enabling Pilot Cove Manor Housing Development Fund Co Inc to offer suitable living accommodations for elderly persons, ensuring they have a comfortable and secure living environment. The organization's primary goal is to provide housing solutions that cater to the unique needs of the elderly population, contributing to their overall well-being and quality of life.
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Impact
August, 2024
Pilot Cove Manor Housing Development Fund Co Inc's impact lies in providing essential housing for elderly individuals in Bronx, NY. Through its efforts, this organization ensures that seniors have a safe and supportive place to call home under the Section 202 of the National Housing Act. Its mission to offer housing to the elderly population contributes significantly to the well-being and quality of life of these individuals, meeting a crucial social need in the community.
This information is meant to be a general summary of Pilot Cove Manor Housing Development Fund Co 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: $1,164
- Program Service Revenue: $1,878,440
- Gross Receipts: $1,889,351
Assets and Liabilities:
- Total Assets: $2,789,102
- Total Liabilities: $443,990
- Net Assets: $2,345,112
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,878,440
Organization Details
Founding Year
1979
Phone
(718) 885-1600Principal Officer
Jimmy Livingston
Main Address
160 PILOT STREET, BRONX, NY, 10464
NTEE Category
Code: L22Z - Housing
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