Overview
What is Sister Cecilia Schneider Community Housing Development Fund Corp?
Sister Cecilia Schneider Community Housing Development Fund Corp is a nonprofit organization located in Harlem, New York City, specifically at 150 Brielle Ave, Staten Island, NY 10314. Their primary mission is to offer housing and essential services to low-income and homeless individuals on a nonprofit basis. They have a 35-unit housing project in Harlem, which they own, operate, and lease. The organization's focus is on providing a supportive living environment and related services to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
Sister Cecilia Schneider Community Housing Development Fund Corp has achieved a strong 94% rating from Charity Navigator, earning a Four-Star distinction. This high score reflects the organization’s commendable performance in accountability and finance, underscoring its commitment to effective fiscal management. The rating is based entirely on a single beacon score, indicating that the organization excels in financial health and transparency.
The organization exhibits strengths across various metrics, particularly in governance. It boasts a fully independent board, with 10 out of 10 board members being independent, and has no material diversion of assets. Additionally, Sister Cecilia Schneider Community Housing Development Fund Corp has established policies for conflict of interest, whistleblower protection, and document retention, which are all indicated to be well-documented and adhered to, further showcasing its operational integrity.
Despite its strengths, the summary does not highlight any specific weaknesses or areas for improvement. The program expense ratio stands impressively at 84.75%, indicating that a significant portion of funds is directed towards its mission-related activities, which is a positive sign for stakeholders and potential donors alike. Overall, this nonprofit demonstrates strong accountability and financial stability, making it a reliable choice for donors looking to support community housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Sister Cecilia Schneider Community Housing Development Fund Corp legitimate?
Sister Cecilia Schneider Community Housing Development Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sister Cecilia Schneider Community Housing Development Fund Corp 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: $38,383
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What is the mission statement of Sister Cecilia Schneider Community Housing Development Fund Corp?
The Sister Cecilia Schneider Community Housing Development Fund Corp is dedicated to serving low-income and homeless individuals by offering housing and related services on a nonprofit basis. They achieve this goal by owning, operating, and leasing a 35-unit housing project in an unspecified location. The organization's mission is centered around providing shelter and necessary services to those in need, aiming to improve their living conditions and promote stability. The nonprofit organization's activities are geared towards assisting these individuals in overcoming their housing challenges.
Who is the CEO of Sister Cecilia Schneider Community Housing Development Fund Corp?
Matthew Janeczko is the Director of Sister Cecilia Schneider Community Housing Development Fund Corp. The CEO's salary of Sister Cecilia Schneider Community Housing Development Fund Corp is $0 and their total compensation is $0.
What is the revenue of Sister Cecilia Schneider Community Housing Development Fund Corp?
Sister Cecilia Schneider Community Housing Development Fund Corp's revenue in 2022 was $530,105.
Who are the executives of Sister Cecilia Schneider Community Housing Development Fund Corp and what are their salaries?
Here are 10 key members and their salaries (Sister Cecilia Schneider Community Housing Development Fund Corp's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Sister Cecilia Schneider Community Housing Development Fund Corp?
Sister Cecilia Schneider Community Housing Development Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sister Cecilia Schneider Community Housing Development Fund Corp
Sister Cecilia Schneider Community Housing Development Fund Corp is a nonprofit organization dedicated to providing housing and related services to individuals who fall under the low-income and homeless categories. Their mission, as stated, is to offer these essential needs on a nonprofit basis. The organization operates and manages a 35-unit housing project located in Harlem, New York City, catering specifically to this demographic. The goal of Sister Cecilia Schneider Community Housing Development Fund Corp is to provide a sanctuary and essential resources to those in need, thereby contributing to the betterment of their living conditions and overall well-being.
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Impact
July, 2024
The Sister Cecilia Schneider Community Housing Development Fund Corp's impact is significant in addressing the housing needs of low-income and homeless individuals in Harlem, New York City. Through its ownership, operation, and leasing of a 35-unit housing project, the organization provides much-needed affordable housing options to those in need. By offering housing and related services on a nonprofit basis, the organization plays a crucial role in supporting vulnerable individuals and improving their quality of life.
This information is meant to be a general summary of Sister Cecilia Schneider Community Housing Development Fund Corp. 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: $24,707
- Program Service Revenue: $486,005
- Gross Receipts: $1,009,648
Assets and Liabilities:
- Total Assets: $2,207,842
- Total Liabilities: $208,504
- Net Assets: $1,999,338
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENT
Revenue
$162,636
TENANT RENT REVENUE
Revenue
$323,369
Organization Details
Founding Year
1990
Phone
(718) 477-6803Principal Officer
Matthew Janeczko
Main Address
150 BRIELLE AVE, STATEN ISLAND, NY, 10314
NTEE Category
Code: L21 - Housing
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