Overview
What is Housing Partnership Development Corporation?
Housing Partnership Development Corporation, based in New York City, is a dedicated nonprofit organization that aims to expand the availability of affordable and moderate-income housing in the New York metropolitan area. They accomplish this mission by engaging in new housing production, preservation, and the rehabilitation of distressed properties, in addition to developing rental housing. Furthermore, HPDC works towards revitalizing neighborhoods, contributing to their overall improvement and potential gentrification. The corporation employs a team of 36 individuals who share a commitment to this cause.
Official website here: www.housingpartnership.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating from Charity Navigator)
Housing Partnership Development Corporation has achieved a commendable Four-Star rating, indicating strong accountability and financial health. Their score is entirely based on a perfect assessment of their financial practices, with a notable 100% for accountability and finance. This high rating underscores their commitment to transparency and responsible management of funds, which is essential for instilling public trust.
The organization demonstrates significant strengths, including a fully independent board and effective oversight, as reflected in their perfect scores in various categories such as conflict of interest policies and document retention. Their program expense ratio is also impressive at 73.84%, suggesting a substantial portion of their expenditures directly supports their mission-driven activities. Moreover, their low liabilities to assets ratio at 32.88% indicates sound financial stability.
While the organization appears to be performing exceptionally well, the rating does not provide insights into specific programmatic outcomes or the impact of their initiatives. Potential donors and stakeholders may want to seek additional information about the effectiveness of their programs and services to fully understand the breadth of their contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Partnership Development Corporation legitimate?
Housing Partnership Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Partnership Development Corporation 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: $1,424,201
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,690,967
For more financial information, click here
Official website here: www.housingpartnership.com
What is the mission statement of Housing Partnership Development Corporation?
The Housing Partnership Development Corporation's mission involves increasing the supply of affordable housing in a given area, specifically focusing on low and moderate income households. This is achieved through various strategies such as new housing production, preservation, and rehabilitation of distressed properties, as well as revitalizing neighborhoods. The corporation also contributes to the improvement of rental housing, aiming to enhance the living conditions of many individuals. In the year 2022, the corporation continued its efforts in this regard, successfully increasing the supply of low and moderate income housing in the metropolitan area.
Official website here: www.housingpartnership.com
Who is the CEO of Housing Partnership Development Corporation?
Adam Gold is the Board Chair of Housing Partnership Development Corporation. The CEO's salary of Housing Partnership Development Corporation is $139,427 and their total compensation is $152,996.
Official website here: www.housingpartnership.com
What is the revenue of Housing Partnership Development Corporation?
Housing Partnership Development Corporation's revenue in 2022 was $6,252,837.
Official website here: www.housingpartnership.com
Who are the executives of Housing Partnership Development Corporation and what are their salaries?
The average compensation at Housing Partnership Development Corporation during 2022 was $86,532. There are 36 employees and 21 volunteers at Housing Partnership Development Corporation.
Here are 30 key members and their salaries (Housing Partnership Development Corporation's CEO's salary is $139,427 and their total compensation is $152,996):
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- Compensation: $139,427
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- Compensation: $137,683
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- Compensation: $176,138
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- Other: $42,829
Official website here: www.housingpartnership.com
Where can I find the form 990 for Housing Partnership Development Corporation?
Housing Partnership Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingpartnership.com
Learn more at the official website: www.housingpartnership.com
Mission Statement of Housing Partnership Development Corporation
The Housing Partnership Development Corporation (HPDC) is dedicated to expanding the availability of affordable and moderate-cost housing within the New York metropolitan area. This mission is achieved through various means, including the production of new housing units, the preservation and rehabilitation of existing properties, and the revitalization of neighborhoods. By engaging in these activities, HPDC aims to enhance living conditions and contribute to the overall improvement of communities. In 2022, HPDC has successfully continued its efforts, increasing the supply of low and moderate-income housing through new housing production, preservation, and rehabilitation of distressed properties, as well as the provision of rental housing.
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Impact
August, 2024
The Housing Partnership Development Corporation's impact lies in its ongoing efforts to increase the supply of low and moderate-income housing in the New York City metro area. Through new housing production, preservation, and rehabilitation of distressed properties, as well as rental housing initiatives, HPDC contributes to addressing the affordable housing shortage in the region. Additionally, the organization plays a vital role in revitalizing neighborhoods and combating gentrification by offering available low and moderate-cost housing options to residents in need.
This information is meant to be a general summary of Housing Partnership Development Corporation. 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: $46,132
- Program Service Revenue: $4,342,437
- Gross Receipts: $6,312,282
Assets and Liabilities:
- Total Assets: $10,283,114
- Total Liabilities: $3,381,773
- Net Assets: $6,901,341
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICING FEES
Revenue
$3,895,023
ENERGY COUNSELING
Revenue
$307,290
HOMEOWNERSHIP COUNSELI
Revenue
$140,124
Organization Details
Founding Year
1983
Phone
(646) 217-3370Principal Officer
Adam Gold
Main Address
253 WEST 35TH STREET 3RD FLOOR, NEW YORK, NY, 100011913
Website
www.housingpartnership.comNTEE Category
Code: L200 - Housing
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