Overview
What is 1850 Second Avenue Services Corporation?
1850 Second Avenue Services Corporation is a charitable organization, headquartered in New York City, specifically at 11 PARK PLACE 1416, New York, NY 10007. Their primary mission is to provide subsidized, low-income housing for senior citizens and families. Out of their 48 units, 29 are dedicated to the Enriched Housing Program, catering to frail and handicapped seniors, offering them the necessary specialized services. The Corporation's aim is to enhance the living conditions of those in need, by owning, rehabilitating, leasing, managing, equipping, maintaining, developing, and operating a housing project. They currently employ a team of 8 individuals.
Official website here: www.nyfsc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
1850 Second Avenue Services Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The overall score is derived from an impressive accountability and finance score of 81%, demonstrating a commitment to transparency and effective financial management. This rating reflects the organization’s adherence to best practices in governance and its operations.
The organization excels in various key areas, including having a fully independent board, which scored a perfect 100% for majority independent members. It also received top scores for its audit and oversight committee, material asset diversion prevention, and the transparency of its financial documentation. These strengths suggest that 1850 Second Avenue Services Corporation prioritizes integrity and responsible stewardship of its resources.
However, the rating is based solely on accountability and finance metrics, without additional points for programmatic outcomes or impact measures. While the charity exhibits strong governance practices, potential donors may be interested in understanding the effectiveness of its programs and services, which is not reflected in the current rating. Overall, the organization appears to maintain a solid financial base and governance structure.
This AI summary has been generated from information found on Charity Navigator.
Is 1850 Second Avenue Services Corporation legitimate?
1850 Second Avenue Services Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1850 Second Avenue Services 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: $164,361
For more financial information, click here
Official website here: www.nyfsc.org
What is the mission statement of 1850 Second Avenue Services Corporation?
The 1850 Second Avenue Services Corporation is established with a charitable purpose, focusing on providing, managing, and maintaining subsidized housing for individuals and families of low income. Specifically, they offer 48 units of housing for senior citizens and families, some of whom are enrolled in an enriched housing program, which caters to frail and handicapped seniors with specialized services they require. The corporation's mission involves owning, rehabilitating, and leasing properties, ensuring they are equipped, maintained, developed, and operated to cater to the needs of their residents.
Official website here: www.nyfsc.org
Who is the CEO of 1850 Second Avenue Services Corporation?
Linda Hoffman is the President of 1850 Second Avenue Services Corporation. The CEO's salary of 1850 Second Avenue Services Corporation is $0 and their total compensation is $724,061.
Official website here: www.nyfsc.org
What is the revenue of 1850 Second Avenue Services Corporation?
1850 Second Avenue Services Corporation's revenue in 2022 was $764,068.
Official website here: www.nyfsc.org
Who are the executives of 1850 Second Avenue Services Corporation and what are their salaries?
The average compensation at 1850 Second Avenue Services Corporation during 2022 was $20,545. There are 8 employees and 4 volunteers at 1850 Second Avenue Services Corporation.
Here are 6 key members and their salaries (1850 Second Avenue Services Corporation's CEO's salary is $0 and their total compensation is $724,061):
- 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: $692,717
- Other: $31,344
- Compensation: $0
- Related: $285,600
- Other: $25,497
Official website here: www.nyfsc.org
Where can I find the form 990 for 1850 Second Avenue Services Corporation?
1850 Second Avenue Services Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nyfsc.org
Learn more at the official website: www.nyfsc.org
Mission Statement of 1850 Second Avenue Services Corporation
The 1850 Second Avenue Services Corporation is established with a charitable purpose, primarily focused on providing and managing subsidized, low-income housing for senior citizens and families in need. This organization is dedicated to owning, rehabilitating, leasing, maintaining, developing, and operating a housing project, ensuring it is equipped to cater to the unique needs of its residents. The Corporation's mission extends to the enriched housing program, which specifically caters to frail and handicapped seniors. This program offers a specialized apartment-based lifestyle, complete with the necessary services these individuals require. By providing 48 units of subsidized housing, the 1850 Second Avenue Services Corporation plays a crucial role in offering a safe and supportive living environment for those in need.
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Impact
October, 2024
1850 Second Avenue Services Corporation significantly contributes to the well-being of low-income senior citizens and families in New York City by providing 48 units of subsidized housing. This initiative addresses the critical need for affordable living spaces, ensuring that vulnerable populations have safe and stable homes.
Among its residents, 29 tenants participate in the Enriched Housing Program, which offers apartment-based lifestyles specifically designed for frail and handicapped seniors. This program includes specialized services that cater to their unique needs, enhancing their quality of life and promoting independence.
Through its commitment to owning, rehabilitating, and managing affordable housing, 1850 Second Avenue Services Corporation plays a vital role in alleviating housing insecurity for low-income families and seniors. Its efforts not only provide shelter but also foster a supportive community environment that enables residents to thrive.
This information is meant to be a general summary of 1850 Second Avenue Services 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: $3,129
- Program Service Revenue: $197,005
- Gross Receipts: $764,068
Assets and Liabilities:
- Total Assets: $5,011,378
- Total Liabilities: $5,109,019
- Net Assets: -$97,641
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$197,005
Organization Details
Founding Year
1989
Phone
(212) 962-7653Principal Officer
Linda Hoffman
Main Address
11 PARK PLACE 1416, NEW YORK, NY, 10007
Website
www.nyfsc.orgNTEE Category
Code: L20Z - Housing
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