Overview
What is Joseph Yancey Jr Housing Dev Fund Corp?
Joseph Yancey Jr Housing Dev Fund Corp is a nonprofit organization dedicated to addressing the housing needs of the elderly, providing them with low to moderate income living options. Specifically, they have constructed a 66-unit apartment building to meet this purpose, expanding their mission to serve this vulnerable population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating.
The Joseph Yancey Jr Housing Dev Fund Corp has received a Two-Star rating from Charity Navigator, indicating moderate performance in key accountability and finance areas. The organization demonstrates strong governance practices, with a fully independent board and well-documented board meeting minutes. Additionally, it excels in program expenses, allocating a significant 90.10% of its resources towards its mission.
However, the nonprofit faces notable weaknesses, particularly in financial transparency and policy adherence. It has a high liabilities-to-assets ratio of 172.00%, which raises concerns about its financial stability. Furthermore, the organization lacks key policies, such as conflict of interest, whistleblower, and document retention policies, and does not provide access to its tax forms on its website, which could hinder trust and credibility with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Joseph Yancey Jr Housing Dev Fund Corp legitimate?
Joseph Yancey Jr Housing Dev Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Joseph Yancey Jr Housing Dev Fund 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: $152,992
For more financial information, click here
What is the mission statement of Joseph Yancey Jr Housing Dev Fund Corp?
The mission of Joseph Yancey Jr Housing Dev Fund Corp, as outlined, is centered around providing affordable housing for individuals with moderate to low incomes, with a particular focus on the elderly population. This organization has demonstrated its commitment to this mission by developing a 66-unit apartment building to cater to this demographic. The primary goal of this corporation is to ensure that elderly individuals have access to suitable housing accommodations within their budget.
Who is the CEO of Joseph Yancey Jr Housing Dev Fund Corp?
Donald C Notice is the Vice Chair of Joseph Yancey Jr Housing Dev Fund Corp.
What is the revenue of Joseph Yancey Jr Housing Dev Fund Corp?
Joseph Yancey Jr Housing Dev Fund Corp's revenue in 2022 was $1,239,486.
Who are the executives of Joseph Yancey Jr Housing Dev Fund Corp and what are their salaries?
The average compensation at Joseph Yancey Jr Housing Dev Fund Corp during 2022 was $38,248. There are 4 employees at Joseph Yancey Jr Housing Dev Fund Corp.
Here are 4 key members and their salaries:
- 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 Joseph Yancey Jr Housing Dev Fund Corp?
Joseph Yancey Jr Housing Dev Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Joseph Yancey Jr Housing Dev Fund Corp
Joseph Yancey Jr Housing Dev Fund Corp is a nonprofit organization committed to providing low and moderate income housing, with a particular focus on the elderly. They have demonstrated this mission by developing a 66-unit apartment building, serving as a residential sanctuary for this demographic. The corporation's efforts aim to ensure that elderly individuals have access to suitable living accommodations, thereby enhancing their quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Joseph Yancey Jr Housing Dev Fund Corp has made a significant impact by providing low and moderate-income housing, specifically targeting the elderly population in New York. The organization's development of a 66-unit apartment building has contributed to fulfilling this mission, addressing a critical need in the community for affordable housing options. By focusing on this demographic, Joseph Yancey Jr Housing Dev Fund Corp has positively impacted the lives of many elderly individuals by ensuring they have access to safe and affordable housing options.
This information is meant to be a general summary of Joseph Yancey Jr Housing Dev Fund 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.
- Program Service Revenue: $209,944
- Gross Receipts: $1,239,486
Assets and Liabilities:
- Total Assets: $3,693,975
- Total Liabilities: $6,353,947
- Net Assets: -$2,659,972
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Laundry Income
Revenue
$2,400
Tenants Rent
Revenue
$207,544
Organization Details
Founding Year
1984
Phone
(212) 862-1399Principal Officer
Donald C Notice
Main Address
C/O WHGA 1652 Amsterdam Ave, New York, NY, 10031
NTEE Category
Code: Z99Z - Unknown
If you are a representative of Joseph Yancey Jr Housing Dev Fund Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.