Overview
What is 219 Henry Street Housing Development Fund Corporation?
The 219 Henry Street Housing Development Fund Corporation is a nonprofit organization based in New York City, specifically at 465 Grand Street, 4th floor, New York, NY 10002. Its primary mission is to provide low-income housing for formerly homeless individuals who are suffering from mental illness. The organization operates a Single Room Occupancy (SRO) building, which houses 22 residents across five stories. Each resident has a private bedroom, and they share common spaces, kitchen, two bathrooms, and two common areas. The corporation aims to offer a safe and supportive living environment for these individuals, assisting them in rebuilding their lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
The 219 Henry Street Housing Development Fund Corporation has received a Three-Star rating from Charity Navigator, indicating a generally positive assessment regarding its accountability and financial management. The score highlights that the organization meets key benchmarks, particularly in areas such as independent board membership and the absence of material asset diversion.
Strengths of the organization include a fully documented conflict of interest and whistleblower policies, as well as consistent documentation of board meeting minutes. Its program expense ratio is commendable at 71.02%, suggesting that a significant portion of its resources is directed toward its mission-related activities.
However, while the organization demonstrates solid financial practices, its overall rating reflects room for improvement. The accountability score of 77% indicates that, although it meets many standards, there may be areas where transparency or operational efficiency could be enhanced to strengthen its overall impact and rating further.
This AI summary has been generated from information found on Charity Navigator.
Is 219 Henry Street Housing Development Fund Corporation legitimate?
219 Henry Street Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 219 Henry Street 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: $0
For more financial information, click here
What is the mission statement of 219 Henry Street Housing Development Fund Corporation?
The 219 Henry Street Housing Development Fund Corporation is dedicated to providing low-income housing for formerly homeless individuals who are struggling with mental illness. Specifically, the organization offers single-room occupancy residences, housing 22 individuals across five stories. Each resident has a private bedroom, and they share communal spaces, kitchens, bathrooms, and common areas. The primary goal of this corporation is to offer a stable living environment for those in need, providing them with a place to call home and receive essential support services.
Who is the CEO of 219 Henry Street Housing Development Fund Corporation?
Betsy Jacobson is the Board Member of 219 Henry Street Housing Development Fund Corporation.
What is the revenue of 219 Henry Street Housing Development Fund Corporation?
219 Henry Street Housing Development Fund Corporation's revenue in 2022 was $190,398.
Who are the executives of 219 Henry Street Housing Development Fund Corporation and what are their salaries?
There 2 volunteers at 219 Henry Street Housing Development Fund Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $74,140
- Other: $20,106
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 219 Henry Street Housing Development Fund Corporation?
219 Henry Street Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 219 Henry Street Housing Development Fund Corporation
The 219 Henry Street Housing Development Fund Corporation is an organization dedicated to providing low-income housing for formerly homeless individuals suffering from mental illness. Specifically, this corporation offers a Single Room Occupancy (SRO) housing solution, accommodating 22 residents within a five-story walk-up building. Each resident is allotted a private bedroom, while shared facilities include two kitchens, two bathrooms, and two common spaces. The corporation aims to offer a safe and supportive living environment for its residents, fostering their well-being and assisting them in rebuilding their lives.
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Impact
June, 2024
219 Henry Street Housing Development Fund Corporation provides essential housing support to formerly homeless individuals suffering from mental illness by offering single room occupancy for 22 residents. The organization's impact lies in providing a safe and stable living environment for these vulnerable individuals, helping them transition from homelessness to a place where they can rebuild their lives. Through this low-income housing initiative, 219 Henry Street HDFC contributes to addressing the challenging issue of homelessness among those with mental health conditions in New York City.
This information is meant to be a general summary of 219 Henry Street 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: $1,093
- Program Service Revenue: $189,305
- Gross Receipts: $190,398
Assets and Liabilities:
- Total Assets: $650,112
- Total Liabilities: $141,491
- Net Assets: $508,621
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$189,305
Organization Details
Phone
(212) 460-5730Principal Officer
Betsy Jacobson
Main Address
465 GRAND STREET - 4TH FL, NEW YORK, NY, 10002
NTEE Category
Code: F33 - Mental health
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