Overview
What is Selk Housing Development Fund Company Inc?
Selk Housing Development Fund Company Inc, operating under the name Antler Apartments, is a nonprofit organization situated in Queens Village, New York. Their primary mission is to offer affordable housing solutions for the elderly and disabled individuals, catering to a low-income demographic. With a small workforce of only two employees, they are dedicated to providing essential living spaces for those in need. The organization's headquarters can be found at 221-10 Jamaica Avenue, Apartment 3 FL.
What are the reviews and ratings of this charity?
Charity Navigator Rating 75% - Three-Star out of Four Star Rating
Selk Housing Development Fund Company Inc has achieved a Three-Star rating from Charity Navigator, reflecting a score of 75%. This score is based exclusively on their Accountability and Finance beacon, indicating a focus on financial health and governance. The nonprofit demonstrates strong accountability with a fully independent board and comprehensive audit practices, highlighting a commitment to transparency and ethical oversight.
The organization's strengths lie in its comprehensive policies and practices, such as a conflict of interest policy and effective document retention strategies. The nonprofit excels in program expenses, with a 100% ratio, suggesting that all funds are allocated towards its mission-related activities. This indicates a solid commitment to its objectives and responsible financial management.
However, there is a significant concern regarding their liabilities to assets ratio, recorded at 242.02%, which suggests potential financial instability. While the nonprofit maintains high standards in governance and program efficiency, this financial metric may raise questions about its long-term sustainability. Overall, while Selk Housing Development Fund demonstrates strong accountability, it must address its financial health to ensure continued impact.
This AI summary has been generated from information found on Charity Navigator.
Is Selk Housing Development Fund Company Inc legitimate?
Selk Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Selk 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: $166,915
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What is the mission statement of Selk Housing Development Fund Company Inc?
Selk Housing Development Fund Company Inc is committed to a mission of providing low-income housing options for the elderly and individuals with disabilities. Their primary activity revolves around offering suitable accommodations for this specific group of people, aiming to enhance their living conditions and promote independence. Through their efforts, they have successfully provided housing for elderly individuals and persons with disabilities in the past. The company's mission is to ensure that these vulnerable groups have access to decent, affordable housing, thereby improving their overall quality of life.
Who is the CEO of Selk Housing Development Fund Company Inc?
Russell Bramwell is the Chairperson of Selk Housing Development Fund Company Inc.
What is the revenue of Selk Housing Development Fund Company Inc?
Selk Housing Development Fund Company Inc's revenue in 2022 was $1,598,899.
Who are the executives of Selk Housing Development Fund Company Inc and what are their salaries?
The average compensation at Selk Housing Development Fund Company Inc during 2022 was $83,458. There are 2 employees at Selk Housing Development Fund Company Inc.
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Where can I find the form 990 for Selk Housing Development Fund Company Inc?
Selk Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Selk Housing Development Fund Company Inc
Selk Housing Development Fund Company Inc is committed to delivering affordable housing solutions for the elderly and disabled individuals. The organization's primary mission is to provide low-income housing, ensuring that these vulnerable populations have a suitable living environment. By focusing on this demographic, Selk Housing Development Fund Company Inc strives to enhance the quality of life for these individuals and contribute to their overall well-being. In doing so, the company offers housing that caters specifically to the needs of the elderly and disabled, offering them a secure and supportive living space.
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Impact
August, 2024
Selk Housing Development Fund Company Inc's impact is significant in providing low-income housing for the elderly and the disabled in Queens Village, NY. Their efforts have directly resulted in improved living conditions and increased access to affordable housing for these vulnerable populations. This has undoubtedly made a positive difference in the lives of many individuals who may have otherwise struggled to find suitable housing options. By focusing on the specific needs of the elderly and disabled, Selk Housing Development Fund Company Inc is contributing to a more inclusive and compassionate community.
This information is meant to be a general summary of Selk 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: $1,124
- Program Service Revenue: $1,595,075
- Gross Receipts: $1,598,899
Assets and Liabilities:
- Total Assets: $2,991,702
- Total Liabilities: $7,240,743
- Net Assets: -$4,249,041
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,595,075
Organization Details
Founding Year
1998
Phone
(347) 534-3239Principal Officer
Russell Bramwell
Main Address
221-10 JAMAICA AVENUE APT 3 FL, QUEENS VILLAGE, NY, 11428
NTEE Category
Code: L20 - Housing
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