Overview
What is General Chauncey M Hooper Towers Housing Development Fund Co Inc?
General Chauncey M Hooper Towers Housing Development Fund Co Inc is a nonprofit organization situated in New York City, specifically at 10 West 138th Street, New York, NY 10037. Its primary mission is to provide affordable housing for senior citizens and individuals with disabilities who fall under the category of low-income earners. The organization operates an apartment complex, accommodating 76 units in total. With a workforce of five dedicated individuals, General Chauncey M Hooper Towers Housing Development Fund Co Inc is committed to offering a living space that caters to the specific needs of its residents, ensuring they maintain a comfortable and secure living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
General Chauncey M Hooper Towers Housing Development Fund Co Inc has received a Three-Star rating from Charity Navigator, indicating a fairly strong performance in terms of accountability and finance. The overall score is based entirely on the organization's Accountability & Finance metrics, where it scored 81%. This suggests that the organization maintains a solid level of transparency and responsible financial management.
The nonprofit exhibits several strengths, including a fully independent board of directors, consisting of 13 members, and a robust financial oversight mechanism, highlighted by its clean audit and oversight practices. Additionally, the organization has implemented key governance policies, including conflict of interest and whistleblower policies, which further enhance its accountability.
Despite the positive rating, there may be areas for improvement, though none were specifically noted in the data provided. Overall, the organization demonstrates a strong commitment to financial integrity and operational transparency, making it a reliable choice for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is General Chauncey M Hooper Towers Housing Development Fund Co Inc legitimate?
General Chauncey M Hooper Towers Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. General Chauncey M Hooper Towers 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: $111,136
For more financial information, click here
What is the mission statement of General Chauncey M Hooper Towers Housing Development Fund Co Inc?
General Chauncey M Hooper Towers Housing Development Fund Co Inc is dedicated to providing housing for senior citizens and individuals with disabilities who have a low income. Their mission is to operate an apartment complex that caters specifically to this demographic, ensuring they have access to suitable living spaces. The complex, consisting of 76 units, serves as a housing project that prioritizes the needs of these individuals, offering them a place to call home.
Who is the CEO of General Chauncey M Hooper Towers Housing Development Fund Co Inc?
Darnley Beckles is the President of General Chauncey M Hooper Towers Housing Development Fund Co Inc.
What is the revenue of General Chauncey M Hooper Towers Housing Development Fund Co Inc?
General Chauncey M Hooper Towers Housing Development Fund Co Inc's revenue in 2022 was $2,081,773.
Who are the executives of General Chauncey M Hooper Towers Housing Development Fund Co Inc and what are their salaries?
The average compensation at General Chauncey M Hooper Towers Housing Development Fund Co Inc during 2022 was $22,227. There are 5 employees and 13 volunteers at General Chauncey M Hooper Towers Housing Development Fund Co Inc.
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Where can I find the form 990 for General Chauncey M Hooper Towers Housing Development Fund Co Inc?
General Chauncey M Hooper Towers Housing Development Fund Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of General Chauncey M Hooper Towers Housing Development Fund Co Inc
General Chauncey M. Hooper Towers Housing Development Fund Co Inc is committed to providing housing for senior citizens and individuals with disabilities who fall under the category of low income. Their mission is centered around operating an apartment complex that caters specifically to this demographic, ensuring a safe and comfortable living environment. The complex, comprising of 76 units, serves as a sanctuary for these individuals, offering them the necessary amenities and support they require. The organization's primary focus is on enhancing the quality of life for these residents, providing them with a living space that is both affordable and accessible. The mission of General Chauncey M. Hooper Towers Housing Development Fund Co Inc is therefore rooted in the belief that everyone, regardless of age or ability, deserves a dignified and secure living environment.
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Impact
August, 2024
General Chauncey M Hooper Towers Housing Development Fund Co Inc's impact can be seen in its provision of housing for senior citizens and handicapped individuals of low income in New York. By operating an apartment complex with 76 units specifically designed for this demographic, the organization plays a vital role in addressing the housing needs of these vulnerable populations. This not only provides affordable and suitable housing options but also fosters a sense of community and support for those who may face challenges in finding appropriate accommodation. Overall, the organization's focus on housing for senior citizens and handicapped persons of low income contributes to enhancing their quality of life and well-being.
This information is meant to be a general summary of General Chauncey M Hooper Towers 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: $4,305
- Program Service Revenue: $1,983,854
- Gross Receipts: $2,081,773
Assets and Liabilities:
- Total Assets: $6,330,399
- Total Liabilities: $10,543,125
- Net Assets: -$4,212,726
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$1,983,854
Organization Details
Founding Year
1982
Phone
(212) 926-6082Principal Officer
Darnley Beckles
Main Address
10 WEST 138TH STREET, NEW YORK, NY, 10037
NTEE Category
Code: L210 - Housing
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