Overview
What is Columba Hall Housing Development Fund Corporation?
Columba Hall Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 209 East 118th Street, New York, NY 10035. Their primary focus is providing rental operations for Single Room Occupancy (SRO) housing, catering to individuals of low income. The organization manages a 110-unit residential building under an agreement with the City of New York's Department of Housing Preservation and Development. Their mission aligns with this, as they aim to offer housing solutions for individuals with limited financial means. With a workforce of six dedicated individuals, Columba Hall Housing Development Fund Corporation plays a significant role in supporting the community by providing much-needed housing options.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79% (Three-Star out of Four Star rating).
Columba Hall Housing Development Fund Corporation has achieved a Three-Star rating with a score of 79%, reflecting a strong focus on accountability and finance. The organization has a robust governance structure, highlighted by a fully independent board and comprehensive financial oversight measures, including an audit and oversight committee. These strengths contribute positively to the organization’s transparency and commitment to responsible financial management.
The nonprofit excels in several areas, including its program expense ratio of 82.20%, indicating that a significant portion of its resources is dedicated to its programs. It also boasts effective policies regarding conflicts of interest, whistleblower protections, and documentation practices, which enhance its operational integrity. Overall, these factors demonstrate a commitment to ethical standards and accountability.
However, the organization does face a notable concern with its liabilities to assets ratio standing at 108.21%. This indicates that the organization has more liabilities than assets, which could pose financial stability risks. While this is a significant limitation, the overall governance and accountability measures in place provide some assurance of its operational reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Columba Hall Housing Development Fund Corporation legitimate?
Columba Hall Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columba Hall Housing Development Fund 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: $171,105
For more financial information, click here
What is the mission statement of Columba Hall Housing Development Fund Corporation?
The Columba Hall Housing Development Fund Corporation operates a 110-unit residential building, catering to individuals of low income, under an agreement with the City of New York's Department of Housing Preservation and Development. Their primary activity involves managing this building, offering Single Room Occupancy housing. In essence, their mission is to provide affordable housing solutions for individuals in need, in line with the agreements they have established with the relevant city department.
Who is the CEO of Columba Hall Housing Development Fund Corporation?
Sr Georgette Lawton is the Cfo of Columba Hall Housing Development Fund Corporation. The CEO's salary of Columba Hall Housing Development Fund Corporation is $113,389 and their total compensation is $113,389.
What is the revenue of Columba Hall Housing Development Fund Corporation?
Columba Hall Housing Development Fund Corporation's revenue in 2022 was $1,348,531.
Who are the executives of Columba Hall Housing Development Fund Corporation and what are their salaries?
The average compensation at Columba Hall Housing Development Fund Corporation during 2022 was $28,518. There are 6 employees at Columba Hall Housing Development Fund Corporation.
Here are 7 key members and their salaries (Columba Hall Housing Development Fund Corporation's CEO's salary is $113,389 and their total compensation is $113,389):
- Compensation: $120,738
- Related: $0
- Other: $0
- Compensation: $113,389
- 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
Where can I find the form 990 for Columba Hall Housing Development Fund Corporation?
Columba Hall Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Columba Hall Housing Development Fund Corporation
Columba Hall Housing Development Fund Corporation is dedicated to providing affordable housing options for individuals of low income. Under an agreement with the City of New York's Department of Housing Preservation and Development, the organization operates a 110-unit residential building. This mission is centered around providing a safe and comfortable living space, offering single room occupancy housing. The corporation's work is instrumental in ensuring that individuals who might otherwise struggle with housing needs have access to suitable accommodation.
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Impact
August, 2024
Columba Hall Housing Development Fund Corporation provides essential housing for individuals of low income in New York City. Through the operation of a 110-unit residential building, this organization plays a crucial role in meeting the housing needs of vulnerable populations. By offering affordable rental options for single room occupancy, Columba Hall HDFC contributes to creating a more stable and secure living environment for those in need. This impact not only addresses the immediate housing challenges faced by low-income individuals but also fosters a sense of community and support within the city.
This information is meant to be a general summary of Columba Hall Housing Development Fund 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.
- Investment Income: $317
- Program Service Revenue: $1,348,199
- Gross Receipts: $1,348,531
Assets and Liabilities:
- Total Assets: $2,932,771
- Total Liabilities: $3,173,554
- Net Assets: -$240,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTAL INCOME
Revenue
$972,411
SOCIAL SERVICE FEES
Revenue
$375,788
Organization Details
Founding Year
1987
Phone
(212) 426-6317Principal Officer
Sr Georgette Lawton
Main Address
209 EAST 118TH STREET, NEW YORK, NY, 10035
NTEE Category
Code: L21Z - Housing
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