Overview
What is Crotona Park West Housing Development Fund Corporation?
Crotona Park West Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 902 Broadway, 13th Floor. Its primary mission is to provide housing opportunities for individuals and families falling under the low and moderate income bracket. This organization aims to combat urban blight and deterioration in inner city areas, striving to create a more livable environment for its residents. With a team of 38 dedicated employees, Crotona Park West Housing Development Fund Corporation works tirelessly to fulfill its mission of offering affordable housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Crotona Park West Housing Development Fund Corporation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 64%. This rating reflects concerns about the organization's accountability and financial practices, as the score is based solely on a single beacon score. While the nonprofit has shown strengths in areas like financial statements and conflict of interest policies, it lacks in independent board members and transparency regarding its financial documents.
The organization has a notable strength in its program expense ratio, indicating that it directs a significant portion of its resources towards its programs. However, there are significant limitations, particularly in governance and financial management. The absence of independent board members raises questions about oversight and accountability, which are critical for building trust with donors and stakeholders.
Additionally, the nonprofit's failure to list its website on tax forms and to post its tax document on its website suggests a lack of transparency that could hinder public confidence. Addressing these governance issues may enhance its standing in the eyes of supporters and improve its overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Crotona Park West Housing Development Fund Corporation legitimate?
Crotona Park West Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crotona Park West 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: $1,859,535
For more financial information, click here
What is the mission statement of Crotona Park West Housing Development Fund Corporation?
The Crotona Park West Housing Development Fund Corporation was established with a mission to provide housing opportunities for individuals and families of low and moderate income. Its primary objective is to offer housing for 563 working families, thereby combating community deterioration in a blighted inner urban area. The corporation's activities are centered around making affordable housing available, thereby contributing to the betterment of the community and improving living conditions for its residents.
Who is the CEO of Crotona Park West Housing Development Fund Corporation?
Adam Weinstein is the President of Crotona Park West Housing Development Fund Corporation.
What is the revenue of Crotona Park West Housing Development Fund Corporation?
Crotona Park West Housing Development Fund Corporation's revenue in 2022 was $7,388,365.
Who are the executives of Crotona Park West Housing Development Fund Corporation and what are their salaries?
The average compensation at Crotona Park West Housing Development Fund Corporation during 2022 was $48,935. There are 38 employees and 1 volunteer at Crotona Park West Housing Development Fund Corporation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $791,174
- Other: $162,104
- Compensation: $0
- Related: $330,476
- Other: $74,903
- Compensation: $0
- Related: $302,845
- Other: $69,987
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $326,830
- Other: $74,122
- Compensation: $0
- Related: $301,098
- Other: $58,003
Where can I find the form 990 for Crotona Park West Housing Development Fund Corporation?
Crotona Park West Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Crotona Park West Housing Development Fund Corporation
Crotona Park West Housing Development Fund Corporation, established with a mission in mind, was formed to cater to the housing needs of individuals and families falling under the low and moderate income brackets. The organization's primary objective is to provide them with suitable living accommodations, serving a total of 563 families. Beyond just offering housing, Crotona Park West Housing Development Fund Corporation also aims to combat the deterioration of communities in inner urban city areas, which are often plagued by blight. By providing affordable housing, the corporation contributes to the betterment of these neighborhoods, creating a positive impact on the community as a whole.
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Impact
August, 2024
Crotona Park West Housing Development Fund Corporation provides critical housing solutions for 563 working families in New York City, combating community deterioration in a blighted inner urban area. Their impact directly addresses the pressing need for affordable housing for low and moderate-income individuals and families, contributing to the revitalization and stability of the community. Through their efforts, they are making a tangible difference in the lives of those in need of safe and affordable housing options.
This information is meant to be a general summary of Crotona Park West 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: $19,866
- Program Service Revenue: $7,214,600
- Gross Receipts: $7,388,365
Assets and Liabilities:
- Total Assets: $23,041,523
- Total Liabilities: $56,863,966
- Net Assets: -$33,822,443
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$7,214,600
Organization Details
Founding Year
1989
Phone
(212) 243-9090Principal Officer
Adam Weinstein
Main Address
902 BROADWAY 13TH FLOOR, NEW YORK, NY, 100106033
NTEE Category
Code: L200 - Housing
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