Overview
What is Fountain House Residential Corp?
Fountain House Residential Corp is a nonprofit organization based in New York, specifically at 425 West 47th Street in New York City, New York 10036. Their primary mission is to provide housing for individuals struggling with mental illness. Specifically, they operate a 19-unit apartment facility situated at 19 West 100th Street in Manhattan, New York. The organization's goal is to offer supportive living solutions for those dealing with mental health issues, aiming to improve their quality of life and overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Fountain House Residential Corp has achieved a strong 92% rating on Charity Navigator, which translates to a Four-Star designation. This high score is primarily based on their robust accountability and finance practices, indicating a well-managed organization that prioritizes transparency and ethical governance. The score reflects perfect marks in several areas, including an independent board, effective conflict of interest policies, and proper documentation practices.
The organization boasts a full complement of independent board members, which enhances its governance framework, and it maintains effective policies for whistleblowing and asset management. With an impressive program expense ratio of 89.83%, the majority of its funds are allocated directly to its programs, underscoring its commitment to delivering value to its mission.
However, while the overall financial health appears strong, the liabilities to assets ratio of 52.54% indicates that the organization carries a notable level of liabilities relative to its assets, which merits observation for long-term sustainability. Overall, Fountain House Residential Corp demonstrates a solid commitment to ethical management and effective program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Fountain House Residential Corp legitimate?
Fountain House Residential Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fountain House Residential Corp 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 Fountain House Residential Corp?
The Fountain House Residential Corp is dedicated to providing housing for individuals living with mental illness. Their mission is to offer housing solutions, aiming to create a supportive living environment for those dealing with mental health challenges. They operate a residential facility, though specific details about its location are not provided in the data.
Who is the CEO of Fountain House Residential Corp?
Kenneth Zimmerman is the Ceo (As Of 09/2022) of Fountain House Residential Corp. The CEO's salary of Fountain House Residential Corp is $0 and their total compensation is $123,846.
What is the revenue of Fountain House Residential Corp?
Fountain House Residential Corp's revenue in 2022 was $369,334.
Who are the executives of Fountain House Residential Corp and what are their salaries?
There 3 volunteers at Fountain House Residential Corp.
Here are 6 key members and their salaries (Fountain House Residential Corp's CEO's salary is $0 and their total compensation is $123,846):
- Compensation: $0
- Related: $302,491
- Other: $18,899
- Compensation: $0
- Related: $243,737
- Other: $26,633
- Compensation: $0
- Related: $123,846
- 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 Fountain House Residential Corp?
Fountain House Residential Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fountain House Residential Corp
Fountain House Residential Corp, a nonprofit organization, is dedicated to providing housing for individuals living with mental illness. The primary mission of this organization is to offer a safe and supportive environment for those struggling with mental health issues. By operating a 19-unit apartment facility, Fountain House Residential Corp aims to provide housing for those in need, helping them regain stability and independence. This organization is committed to making a positive difference in the lives of its residents, striving to create a community that fosters recovery and personal growth.
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Impact
June, 2024
Fountain House Residential Corp provides essential housing for individuals living with mental illness. Their impact is evident in the support and stability they offer to those in need, enabling them to lead more independent and fulfilling lives. By operating a 19-unit apartment facility in Manhattan, New York, Fountain House Residential Corp directly addresses the housing needs of this vulnerable population. Their mission to provide housing to people living with mental illness is crucial in promoting mental health and well-being within the community.
This information is meant to be a general summary of Fountain House Residential Corp. 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: $85
- Program Service Revenue: $369,249
- Gross Receipts: $369,334
Assets and Liabilities:
- Total Assets: $359,145
- Total Liabilities: $188,725
- Net Assets: $170,420
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SECTION 8
Revenue
$286,123
TENANTS PAYMENTS
Revenue
$83,126
Organization Details
Founding Year
1983
Phone
(212) 582-0340Principal Officer
Kenneth Zimmerman
Main Address
425 WEST 47TH STREET, NEW YORK, NY, 10036
NTEE Category
Code: F00 - Mental health
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