Overview
What is Carnegie East House Housing Development Fund Company Inc?
Carnegie East House Housing Development Fund Company Inc is a nonprofit organization situated in New York City, specifically on Manhattan's Upper East Side at 1844 Second Avenue. Their primary focus is to offer enriched living accommodations and supportive services to older adults who require assistance with their daily activities. With approximately 77 residents served in FY 22, their mission is to promote and maintain the physical and mental well-being of their residents, enabling them to enjoy the process of aging. During the pandemic, the organization took proactive measures, implementing stringent infection control protocols, daily health checks, and COVID-19 vaccination clinics, ensuring the safety and health of its residents. As of FY 22, no resident has succumbed to COVID-19, demonstrating the organization's commitment to its residents' well-being. The company is led by Joseph Girven, who served as an on-site leader during challenging times. With a staff of 49 employees, Carnegie East House HDFC Inc. is dedicated to providing a safe, comfortable, and enriching environment for its older adult residents.
Official website here: www.carnegieeast.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Carnegie East House Housing Development Fund Company Inc has received an 85% rating from Charity Navigator, reflecting a strong focus on accountability and financial management. The organization boasts a fully independent board, which enhances its governance structure and lends credibility to its operations. It has successfully implemented essential policies, such as conflict of interest and whistleblower policies, demonstrating its commitment to transparency.
The organization excels in program expense ratio, with 86.70% of its expenses directed towards its programs, indicating effective allocation of resources towards its mission. However, a notable concern is the high liabilities to assets ratio at 119.73%, which suggests potential financial risk that could affect its sustainability in the long term.
Overall, Carnegie East House's solid score in accountability and finance reflects its dedication to responsible management practices. While its operational strengths are evident, addressing its financial liabilities may be crucial for ensuring ongoing effectiveness and stability.
This AI summary has been generated from information found on Charity Navigator.
Is Carnegie East House Housing Development Fund Company Inc legitimate?
Carnegie East House Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carnegie East House 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: $162,931
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,933,288
For more financial information, click here
Official website here: www.carnegieeast.org
What is the mission statement of Carnegie East House Housing Development Fund Company Inc?
Carnegie East House Housing Development Fund Company Inc's mission is centered around providing enriched housing for older adults, offering them quality supportive services. The company is dedicated to helping its residents maintain their independence in a safe and comfortable environment, allowing them to fully enjoy the experience of aging. In response to the pandemic, Carnegie East House implemented stringent infection control protocols, including daily health checks and resident vaccination clinics, ensuring the well-being of its residents. The company's commitment to its residents' health and safety has resulted in no COVID-19-related deaths among its residents during the pandemic.
Official website here: www.carnegieeast.org
What is the revenue of Carnegie East House Housing Development Fund Company Inc?
Carnegie East House Housing Development Fund Company Inc's revenue in 2024 was $8,617,821.
Official website here: www.carnegieeast.org
Who are the executives of Carnegie East House Housing Development Fund Company Inc and what are their salaries?
The average compensation at Carnegie East House Housing Development Fund Company Inc during 2024 was $40,312. There are 52 employees and 25 volunteers at Carnegie East House Housing Development Fund Company Inc.
Here are 15 key members and their salaries:
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- Compensation: $109,500
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- Compensation: $75,750
- Related: $75,750
- Other: $15,862
- Compensation: $11,000
- Related: $99,000
- Other: $15,862
Official website here: www.carnegieeast.org
Where can I find the form 990 for Carnegie East House Housing Development Fund Company Inc?
Carnegie East House Housing Development Fund Company Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.carnegieeast.org
Learn more at the official website: www.carnegieeast.org
Mission Statement of Carnegie East House Housing Development Fund Company Inc
Carnegie East House Housing Development Fund Company Inc, a nonprofit organization, is dedicated to providing enriched housing and quality supportive services to older adults. Their mission is centered around helping these individuals retain their independence in a safe and comfortable environment, allowing them to fully celebrate the experience of aging. The organization is committed to maintaining the physical and mental health of its residents, ensuring they can enjoy their later years to the fullest. When faced with the challenges of the pandemic, Carnegie East House demonstrated its dedication by implementing stringent infection control protocols and adopting an "all-hands-on-deck" approach. The organization's leadership, including its Executive Director, Joseph Girven, went above and beyond, even living in the building for over two years to provide direct leadership. Despite the challenges, Carnegie East House managed to keep its residents safe, healthy, and engaged, resulting in no COVID-19 related deaths among its residents during the pandemic.
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Impact
August, 2024
Carnegie East House Housing Development Fund Company Inc, through its subsidiary Carnegie East House HDFC Inc., has a significant impact on the lives of older adults in New York City. As the owner and operator of Carnegie East House, a premier enriched living residence on Manhattan's Upper East Side, the organization provides housing and quality supportive services to approximately 77 older adults. The goal is to maintain residents' physical and mental health, allowing them to age with dignity and independence.
During the COVID-19 pandemic, Carnegie East House Housing Development Fund Company Inc demonstrated a proactive and dedicated approach to ensuring the safety and well-being of its residents. By implementing rigorous infection control protocols, conducting daily health checks, and organizing vaccination clinics, the organization successfully protected its residents from the virus. Thanks to these efforts, no resident at Carnegie East House lost their life to COVID-19 during the pandemic.
The impact of Carnegie East House Housing Development Fund Company Inc extends beyond providing housing; it embodies a commitment to enhancing the quality of life for older adults and enabling them to age gracefully. Through its comprehensive services and dedication to resident care, the organization plays a vital role in supporting the well-being and independence of the aging population in New York City.
This information is meant to be a general summary of Carnegie East House 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 2024.
- Investment Income: $3,567
- Program Service Revenue: $5,113,324
- Gross Receipts: $8,617,821
Assets and Liabilities:
- Total Assets: $20,967,938
- Total Liabilities: $25,451,027
- Net Assets: -$4,483,089
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,910,755
TENANT CHARGES
Revenue
$202,569
Organization Details
Founding Year
2000
Principal Officer
Joseph Girven
Website
www.carnegieeast.orgNTEE Category
Code: L22 - Housing
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