Overview
What is Encore 49 Housing Development Fund Company Inc?
Encore 49 Housing Development Fund Company Inc, situated in New York, is a nonprofit organization that has been offering support since 1989. Their primary mission is to provide affordable housing to senior citizens who were previously homeless and struggle with chronic mental illness. The Encore 49 residence, located at 239 West 49th Street, New York, offers 88 units of permanent, supportive housing. A distinct feature of this organization is its on-site clinical services, which cater to the complex mental health needs of this specific elderly population with special requirements.
Official website here: www.encorecommunityservices.org/housing
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Encore 49 Housing Development Fund Company Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its overall accountability and financial management. The organization demonstrates strong governance with a fully independent board and robust financial oversight, reflected in high scores for its audit and oversight committee, and the absence of material asset diversion.
However, the organization struggles with several governance policies, notably the lack of a conflict of interest policy, whistleblower policy, and document retention procedures. Additionally, its liabilities to assets ratio is quite high at 102.34%, which raises questions about its financial stability. Despite these challenges, Encore 49 shows a significant commitment to program expenses, allocating 100% of its spending to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Encore 49 Housing Development Fund Company Inc legitimate?
Encore 49 Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Encore 49 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: $82,438
Professional Fundraising Fees: $0
Other Salaries and Wages: $310,444
For more financial information, click here
Official website here: www.encorecommunityservices.org/housing
What is the mission statement of Encore 49 Housing Development Fund Company Inc?
Encore 49 Housing Development Fund Company Inc's mission is centered around providing assistance to low-income seniors who have experienced homelessness. Specifically, their aim is to offer affordable housing solutions. The organization operates a facility that has been in operation since 1989, providing permanent, supportive, and affordable housing to 88 elderly individuals who have histories of chronic mental illness. One of the distinctive features of this residence is its on-site clinical services, which are designed to address the intricate mental health issues faced by this population with unique needs.
Official website here: www.encorecommunityservices.org/housing
Who is the CEO of Encore 49 Housing Development Fund Company Inc?
Jeremy Kaplan is the Executive Dir. of Encore 49 Housing Development Fund Company Inc.
Official website here: www.encorecommunityservices.org/housing
What is the revenue of Encore 49 Housing Development Fund Company Inc?
Encore 49 Housing Development Fund Company Inc's revenue in 2022 was $902,107.
Official website here: www.encorecommunityservices.org/housing
Who are the executives of Encore 49 Housing Development Fund Company Inc and what are their salaries?
There 9 volunteers at Encore 49 Housing Development Fund Company Inc.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $187,667
- Other: $22,116
- Compensation: $0
- Related: $160,818
- Other: $23,568
- Compensation: $0
- Related: $70,245
- Other: $11,601
- Compensation: $0
- Related: $50,548
- Other: $3,397
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.encorecommunityservices.org/housing
Where can I find the form 990 for Encore 49 Housing Development Fund Company Inc?
Encore 49 Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.encorecommunityservices.org/housing
Learn more at the official website: www.encorecommunityservices.org/housing
Mission Statement of Encore 49 Housing Development Fund Company Inc
Encore 49 Housing Development Fund Company Inc, a nonprofit organization, is dedicated to providing a mission of affordability and support. Its primary objective is to offer permanent, affordable housing to senior citizens who have previously experienced homelessness and struggle with chronic mental illness. This unique organization goes beyond simply providing housing, as it also offers comprehensive on-site clinical services designed to address the complex mental health issues faced by its elderly residents, ensuring they receive the necessary care they require. By offering these services, Encore 49 Housing Development Fund Company Inc aims to improve the quality of life for its residents and provide a safe, supportive environment for them to live in.
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
Encore 49 Housing Development Fund Company Inc's impact is significant in providing supportive housing for low-income seniors in New York. The organization operates the Encore 49 residence, a single room occupancy facility that has been offering permanent, supportive, and affordable housing to 88 formerly homeless elderly individuals with chronic mental illness since 1989. One notable aspect of their work is the provision of comprehensive on-site clinical services to address the complex mental health issues of this vulnerable population. Through their mission to provide affordable housing to previously homeless senior citizens, Encore 49 is making a difference in the lives of those in need.
This information is meant to be a general summary of Encore 49 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: $57
- Program Service Revenue: $731,478
- Gross Receipts: $902,107
Assets and Liabilities:
- Total Assets: $1,214,708
- Total Liabilities: $1,080,734
- Net Assets: $133,974
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
Revenue
$731,478
Organization Details
Founding Year
1987
Phone
(212) 581-2910Principal Officer
Jeremy Kaplan
Main Address
239 West 49th Street, New York, NY, 10019
NTEE Category
Code: L21 - Housing
If you are a representative of Encore 49 Housing Development Fund Company Inc 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.