Overview
What is Help Me Housing Development Fund Company Inc?
Help Me Housing Development Fund Company Inc is a nonprofit organization established in 1985, located in Suffern, New York. Their primary focus is on the development and operation of a residential apartment complex, specifically a 24-unit building in New City, New York. This endeavor falls under the National Housing Act, regulated by the U.S. Department of Housing & Urban Development. The organization's mission involves operating this apartment complex, providing housing solutions to the community under the guidance of this act.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (72%)
Help Me Housing Development Fund Company Inc has received a "Needs Improvement" rating due to its overall score of 72% from Charity Navigator. While the organization excels in several key accountability and finance metrics, achieving a perfect score of 100% in categories like independent board governance and financial audits, it has some significant areas needing attention that impact its overall rating.
The organization has demonstrated strong governance with an entirely independent board and effective conflict of interest and whistleblower policies in place. However, it has fallen short in critical areas, such as the absence of documented board meeting minutes and missing tax forms on its website. Additionally, the high liabilities to assets ratio of 93.25% raises concerns regarding its financial health and operational sustainability.
While the program expense ratio is commendably high at 68.94%, indicating that a significant portion of its resources is used for programmatic activities, the missing documentation and financial transparency issues highlight a need for improvement. Overall, while Help Me Housing Development Fund Company Inc shows promise in its governance and programmatic efforts, addressing the noted deficiencies is crucial for enhancing transparency and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Help Me Housing Development Fund Company Inc legitimate?
Help Me Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Help Me Housing Development Fund Company 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: $0
For more financial information, click here
What is the mission statement of Help Me Housing Development Fund Company Inc?
Help Me Housing Development Fund Company Inc was established in 1985 with the primary purpose of developing and managing a residential apartment complex. This company operates under Section 215 of the National Housing Act, overseen by the U.S. Department of Housing and Urban Development. Their mission involves developing and managing a 24-unit apartment complex, providing housing solutions in accordance with the National Housing Act's guidelines. The company's objective is to contribute to the housing market by providing affordable and quality rental units.
Who is the CEO of Help Me Housing Development Fund Company Inc?
John Bryan is the Secretary/Treasurer of Help Me Housing Development Fund Company Inc.
What is the revenue of Help Me Housing Development Fund Company Inc?
Help Me Housing Development Fund Company Inc's revenue in 2022 was $490,370.
Who are the executives of Help Me Housing Development Fund Company Inc and what are their salaries?
There 3 volunteers at Help Me Housing Development Fund Company Inc.
Here are 3 key members and their salaries:
- 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 Help Me Housing Development Fund Company Inc?
Help Me Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Help Me Housing Development Fund Company Inc
Help Me Housing Development Fund Company Inc was established in 1985 with a mission to develop and operate a residential apartment building complex. This nonprofit organization, regulated by the U.S. Department of Housing & Urban Development under Section 215 of the National Housing Act, aimed to create a 24-unit apartment complex. The company's objective was to provide housing solutions, contributing to the overall well-being of its residents. By developing and managing this apartment complex, Help Me Housing Development Fund Company Inc aimed to contribute to the housing sector, providing a much-needed service in the field of residential housing.
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Impact
July, 2024
Help Me Housing Development Fund Company Inc's impact can be seen through its operation of a residential apartment complex consisting of 24 rental units in New City, New York. By providing affordable housing options in the community, this organization plays a vital role in addressing the housing needs of individuals and families in the area. This effort helps to improve the overall quality of life for residents by offering stable and secure housing options. Through its dedicated mission and activities, Help Me Housing Development Fund Company Inc contributes to the development and maintenance of a sustainable housing environment in New City, NY.
This information is meant to be a general summary of Help Me Housing Development Fund Company 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: $277
- Program Service Revenue: $488,969
- Gross Receipts: $490,370
Assets and Liabilities:
- Total Assets: $396,322
- Total Liabilities: $453,466
- Net Assets: -$57,144
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$488,969
Organization Details
Founding Year
1980
Phone
(845) 368-2400Principal Officer
John Bryan
Main Address
4 EXECUTIVE BLVD 100, SUFFERN, NY, 10901
NTEE Category
Code: L200 - Housing
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