Overview
What is Augustus & James Corporation?
Augustus & James Corporation is a New York-based nonprofit organization situated at 150 East 42nd Street, 5th Floor, New York, NY 10017. The primary mission of this corporation is to provide housing for moderate-income employees of St. Luke's-Roosevelt Hospital Center to ensure their proximity to the hospital and support its programs. The corporation achieves this goal by owning real estate that contributes to the tax-exempt purposes of the hospital center. In simple terms, Augustus & James Corporation supports St. Luke's-Roosevelt Hospital Center and its affiliates by owning and managing housing units for their employees, enabling them to effectively carry out their duties.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 2 Stars (64%)
Augustus & James Corporation has received a Two-Star out of Four Star rating primarily due to its score of 64%. The organization demonstrates strong program expense efficiency, with a program expense ratio of 97.08%, indicating that the majority of its funding is directed towards its programs. Additionally, it maintains a solid audit and oversight structure, receiving full points in that area, which reflects good financial governance.
However, the organization faces significant challenges in terms of accountability and transparency. There are no independent board members, which raises concerns about governance and oversight. Additionally, the charity's website is not listed on its tax form, and it has failed to make its tax form available on its website, which detracts from its overall transparency and accountability to donors.
While Augustus & James Corporation has established policies for conflicts of interest and whistleblowing, the lack of independent oversight and critical documentation available online limits its effectiveness. To improve its rating and become more trustworthy to potential supporters, the organization should focus on enhancing board independence and transparency practices.
This AI summary has been generated from information found on Charity Navigator.
Is Augustus & James Corporation legitimate?
Augustus & James Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Augustus & James 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,164,016
For more financial information, click here
What is the mission statement of Augustus & James Corporation?
The Augustus & James Corporation supports St. Luke's-Roosevelt Hospital Center and its affiliates by owning real estate that aligns with the tax-exempt purposes of the hospital. The corporation's primary objective is to provide housing for moderate-income employees of the hospital center, ensuring they reside in close proximity to the hospital to effectively contribute to its programs. By doing so, the corporation enables the hospital to maintain a strong workforce and continue providing essential services.
Who is the CEO of Augustus & James Corporation?
Stephen Harvey is the Trustee (End Apr 2022) of Augustus & James Corporation.
What is the revenue of Augustus & James Corporation?
Augustus & James Corporation's revenue in 2022 was $13,489,890.
Who are the executives of Augustus & James Corporation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $6,806,976
- Other: $89,405
- Compensation: $0
- Related: $2,571,508
- Other: $64,512
- Compensation: $0
- Related: $2,113,585
- Other: $77,093
- Compensation: $0
- Related: $1,686,861
- Other: $51,704
- Compensation: $0
- Related: $1,517,991
- Other: $32,107
- Compensation: $0
- Related: $616,339
- Other: $32,394
- Compensation: $0
- Related: $541,863
- Other: $56,133
Where can I find the form 990 for Augustus & James Corporation?
Augustus & James Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Augustus & James Corporation
Augustus & James Corporation is a key supporter of St. Luke's-Roosevelt Hospital Center and its affiliates. In order to further the tax-exempt purposes of the hospital, this corporation owns real estate that serves as housing for moderate-income employees of the hospital. By doing so, Augustus & James Corporation ensures that these essential workers remain in close proximity to the hospital, thereby strengthening its programs and operations.
In essence, Augustus & James Corporation plays a pivotal role in the St. Luke's-Roosevelt community by providing dedicated housing solutions for its employees. This arrangement not only benefits the hospital by maintaining a steady workforce but also enhances the living conditions and work-life balance for the employees themselves. As a result, Augustus & James Corporation contributes significantly to the overall success and sustainability of St. Luke's-Roosevelt Hospital Center and its affiliated institutions.
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
October, 2024
Augustus & James Corporation plays a pivotal role in enhancing the operational efficacy of St. Luke's-Roosevelt Hospital Center and its affiliates by focusing on real estate initiatives that serve vital community needs. The corporation primarily owns and manages properties that provide housing for moderate-income employees of the hospital, ensuring they are situated close to their workplace. This strategic proximity not only fosters a more stable workforce but also bolsters the hospital's ability to deliver consistent and quality healthcare services.
By addressing housing challenges for hospital employees, Augustus & James Corporation directly contributes to the overall improvement of community welfare, promoting a supportive environment for those who are integral to the healthcare system. This initiative not only aids in employee retention but also enhances the hospital's operational efficiency, thereby positively impacting patient care and community health outcomes.
This information is meant to be a general summary of Augustus & James 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.
- Program Service Revenue: $12,295,504
- Gross Receipts: $13,489,890
Assets and Liabilities:
- Total Assets: $15,526,925
- Total Liabilities: $98,094,678
- Net Assets: -$82,567,753
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.
RENTAL INCOME - 515 WEST 58TH ST
Revenue
$9,032,252
RENTAL INCOME - 10 AMSTERDAM AVE
Revenue
$3,263,252
Organization Details
Founding Year
1986
Phone
(646) 605-4217Principal Officer
Stephen Harvey
Main Address
150 EAST 42ND STREET 5TH FLOOR, NEW YORK, NY, 10017
NTEE Category
Code: S47 - Community improvement
If you are a representative of Augustus & James Corporation 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.