Overview
What is Presbyterian Housing Development Fund Corporation Of Queens?
Presbyterian Housing Development Fund Corporation of Queens is a nonprofit organization situated in Lake Success, New York. Their primary mission is to provide and maintain safe and hygienic housing for the elderly or mobility-impaired individuals, ensuring a total of 150 units are available. This commitment to affordable housing is carried out with the aim of creating a secure and clean living environment for this specific group of people. The organization employs a dedicated team of three individuals to achieve this mission.
What are the reviews and ratings of this charity?
79% - Three-Star out of Four Star Rating
The Presbyterian Housing Development Fund Corporation of Queens has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score reflects strong governance practices, particularly with a high percentage of independent board members and a well-structured audit and oversight committee. These factors contribute to the organization's credibility and effective financial oversight.
The organization demonstrates a strong commitment to transparency with no reported material diversion of assets, and it maintains comprehensive policies on conflicts of interest, whistleblowing, and document retention. The program expense ratio stands at an impressive 90.51%, suggesting that a significant portion of its resources is directed towards its programs rather than administrative costs.
However, while the accountability and finance aspects are well-managed, the rating does not assess other important factors such as program impact and community feedback. Potential donors may want to consider these elements in their decision-making process. Overall, the organization's financial health appears robust, but further insights into its program effectiveness could enhance understanding of its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Presbyterian Housing Development Fund Corporation Of Queens legitimate?
Presbyterian Housing Development Fund Corporation Of Queens is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Housing Development Fund Corporation Of Queens 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: $344,400
For more financial information, click here
What is the mission statement of Presbyterian Housing Development Fund Corporation Of Queens?
The Presbyterian Housing Development Fund Corporation of Queens has a mission to provide affordable housing for the elderly or mobility-impaired individuals. This organization operates and maintains over 150 units of housing, ensuring they are safe and sanitary environments for their residents. The primary goal is to serve this specific demographic, offering them a secure living space.
Who is the CEO of Presbyterian Housing Development Fund Corporation Of Queens?
James Tse is the Executive Dir. of Presbyterian Housing Development Fund Corporation Of Queens.
What is the revenue of Presbyterian Housing Development Fund Corporation Of Queens?
Presbyterian Housing Development Fund Corporation Of Queens's revenue in 2023 was $2,495,437.
Who are the executives of Presbyterian Housing Development Fund Corporation Of Queens and what are their salaries?
The average compensation at Presbyterian Housing Development Fund Corporation Of Queens during 2023 was $114,800. There are 3 employees and 8 volunteers at Presbyterian Housing Development Fund Corporation Of Queens.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $229,480
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Presbyterian Housing Development Fund Corporation Of Queens?
Presbyterian Housing Development Fund Corporation Of Queens's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Presbyterian Housing Development Fund Corporation Of Queens
Presbyterian Housing Development Fund Corporation of Queens is dedicated to providing housing for the elderly and mobility-impaired individuals. Their primary mission is to operate and maintain affordable housing units in a safe and sanitary environment. This nonprofit organization strives to cater to the needs of this specific demographic, ensuring they live with dignity and comfort. By managing 150 units, Presbyterian Housing Development Fund Corporation of Queens plays a crucial role in providing a secure living space for elderly or mobility-impaired persons, contributing positively to their well-being.
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Impact
August, 2024
The Presbyterian Housing Development Fund Corporation Of Queens significantly impacts the community by providing safe and sanitary housing for the elderly or mobility-impaired individuals in Lake Success, NY. With a mission focused on maintaining affordable housing units in a secure environment, this organization plays a crucial role in meeting the housing needs of vulnerable populations. By operating and managing 150 units dedicated to this cause, the Presbyterian Housing Development Fund Corporation Of Queens contributes to enhancing the quality of life for those in need within the community.
This information is meant to be a general summary of Presbyterian Housing Development Fund Corporation Of Queens. 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: $8,201
- Program Service Revenue: $2,483,055
- Gross Receipts: $2,495,437
Assets and Liabilities:
- Total Assets: $5,278,390
- Total Liabilities: $7,761,744
- Net Assets: -$2,483,354
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent revenue
Revenue
$2,483,055
Organization Details
Founding Year
1983
Phone
(718) 706-7755Principal Officer
James Tse
Main Address
1981 Marcus Avenue C-131, Lake Success, NY, 11040
NTEE Category
Code: L200 - Housing
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