Overview
What is Shore Front Housing Development Fund Corporation C/O Met Council?
Shore Front Housing Development Fund Corporation C/O Met Council is a nonprofit organization situated in New York, NY. Their primary mission is to provide affordable housing options, specifically catering to the elderly population. Through the operation of public housing facilities, they offer a supportive living environment for senior citizens who may have limited income. This organization plays a significant role in addressing housing needs within the community, ensuring that seniors have access to safe and comfortable living spaces.
Official website here: www.metcouncil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall score: 74%)
The Shore Front Housing Development Fund Corporation has received a rating of "Needs Improvement" from Charity Navigator, indicating that while the organization has some strengths, there are notable concerns regarding its financial practices and governance. The organization boasts a high program expense ratio of 94.61%, demonstrating a commitment to utilizing funds for its intended purposes. However, its liabilities to assets ratio of 170.54% raises red flags about financial stability and could suggest potential issues in managing debts.
In terms of governance, the organization features a majority independent board, which is a positive aspect, receiving full points for maintaining policies like conflict of interest and whistleblower protections. However, it falls short in having a sufficient number of independent board members, which could affect decision-making and oversight. Additionally, while the organization displays transparency in its policies and procedures, it is lacking in making its tax forms accessible on its website, which diminishes overall accountability.
Salaries for key executive roles appear to be on the higher end, with the CEO earning $597,987, which may raise questions about the allocation of resources in relation to program effectiveness. Overall, while the Shore Front Housing Development Fund showcases strong programmatic efforts, its financial health and governance practices warrant scrutiny and improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Shore Front Housing Development Fund Corporation C/O Met Council legitimate?
Shore Front Housing Development Fund Corporation C/O Met Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shore Front Housing Development Fund Corporation C/O Met Council 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
Official website here: www.metcouncil.org
What is the mission statement of Shore Front Housing Development Fund Corporation C/O Met Council?
Shore Front Housing Development Fund Corporation, in its mission, focuses on providing affordable housing for senior citizens. Operating under Met Council's umbrella, this organization offers public housing facilities, ensuring that low-income seniors have a place to call home. Their primary aim is to contribute to the well-being of the elderly population by providing them with a secure living environment. Their efforts help ensure that seniors, regardless of their financial circumstances, can maintain a decent standard of living. The organization continually strives to make housing more accessible and affordable for this demographic, thereby enhancing their quality of life.
Official website here: www.metcouncil.org
Who is the CEO of Shore Front Housing Development Fund Corporation C/O Met Council?
David Greenfield is the Ceo of Shore Front Housing Development Fund Corporation C/O Met Council. The CEO's salary of Shore Front Housing Development Fund Corporation C/O Met Council is $0 and their total compensation is $650,366.
Official website here: www.metcouncil.org
What is the revenue of Shore Front Housing Development Fund Corporation C/O Met Council?
Shore Front Housing Development Fund Corporation C/O Met Council's revenue in 2022 was $597,060.
Official website here: www.metcouncil.org
Who are the executives of Shore Front Housing Development Fund Corporation C/O Met Council and what are their salaries?
There 2 volunteers at Shore Front Housing Development Fund Corporation C/O Met Council.
Here are 7 key members and their salaries (Shore Front Housing Development Fund Corporation C/O Met Council's CEO's salary is $0 and their total compensation is $650,366):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $147,370
- Other: $14,546
- Compensation: $0
- Related: $108,762
- Other: $1,341
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $597,987
- Other: $52,379
- Compensation: $0
- Related: $140,429
- Other: $6,790
- Compensation: $0
- Related: $257,971
- Other: $2,170
Official website here: www.metcouncil.org
Where can I find the form 990 for Shore Front Housing Development Fund Corporation C/O Met Council?
Shore Front Housing Development Fund Corporation C/O Met Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.metcouncil.org
Learn more at the official website: www.metcouncil.org
Mission Statement of Shore Front Housing Development Fund Corporation C/O Met Council
Shore Front Housing Development Fund Corporation, a notable entity, is dedicated to providing low-income housing opportunities for the elderly population. With a strong commitment to social welfare, this organization offers public housing facilities that cater specifically to senior citizens, thereby ensuring they have a secure and comfortable living environment. By extending its services in this manner, Shore Front Housing Development Fund Corporation plays a vital role in addressing the housing needs of a particularly vulnerable demographic, thereby contributing to their overall well-being and quality of life.
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Impact
July, 2024
Shore Front Housing Development Fund Corporation C/O Met Council is making a significant impact by providing low-income housing for seniors in New York. By offering public housing facilities and affordable housing options to seniors in need, they are helping to address the housing challenges faced by vulnerable populations. Their mission to provide safe and affordable housing contributes to enhancing the quality of life for seniors in the community, ensuring they have a place to call home and a supportive environment to thrive in.
This information is meant to be a general summary of Shore Front Housing Development Fund Corporation C/O Met Council. 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.
- Program Service Revenue: $593,014
- Gross Receipts: $597,060
Assets and Liabilities:
- Total Assets: $3,287,037
- Total Liabilities: $5,605,881
- Net Assets: -$2,318,844
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$593,014
Organization Details
Founding Year
1995
Phone
(212) 453-9500Principal Officer
David Greenfield
Main Address
77 WATER STREET 26TH FLOOR, NEW YORK, NY, 10005
Website
www.metcouncil.orgNTEE Category
Code: L21 - Housing
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