Overview
What is 323 Houston Street Corporation C/O The Bridge Inc?
323 Houston Street Corporation C/O The Bridge Inc is a New York-based nonprofit corporation, established in February 1991. Its primary mission is to provide affordable housing for individuals with chronic mental disabilities, in compliance with Section 811 of the National Affordable Housing Act. The organization operates 15 units located in New York, NY, and it receives assistance under this act. Regulated by the U.S. Department of Housing and Urban Development (HUD), the entity adheres to specific rent charges and operational methods to ensure the provision of suitable housing for its target population.
Official website here: www.thebridgeny.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 76%, Three-Star out of Four Star rating.
The 323 Houston Street Corporation C/O The Bridge Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The charity scored particularly well in areas such as independent board membership and management of assets, earning top points for having a fully independent board and no material diversion of assets.
However, the organization does have some weaknesses, particularly in governance policies. It lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are important for maintaining transparency and ethical standards. While the program expense ratio is commendable at 93.13%, showcasing a strong commitment to its mission, the absence of certain governance documents may raise concerns for potential donors looking for comprehensive oversight.
This AI summary has been generated from information found on Charity Navigator.
Is 323 Houston Street Corporation C/O The Bridge Inc legitimate?
323 Houston Street Corporation C/O The Bridge Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 323 Houston Street Corporation C/O The Bridge Inc 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.thebridgeny.org
What is the mission statement of 323 Houston Street Corporation C/O The Bridge Inc?
The 323 Houston Street Corporation, in partnership with The Bridge Inc., is dedicated to providing affordable housing for individuals living with chronic mental disabilities, in compliance with Section 811 of the National Affordable Housing Act. Established in 1991, the corporation acquires, develops, and operates housing facilities, currently offering 15 units in New York. Their mission is backed by the U.S. Department of Housing and Urban Development (HUD), which regulates their rental charges and operating methods to ensure affordability and accessibility for their target population.
Official website here: www.thebridgeny.org
Who is the CEO of 323 Houston Street Corporation C/O The Bridge Inc?
Cynthia Wainwright is the Principal Officer of 323 Houston Street Corporation C/O The Bridge Inc. The CEO's salary of 323 Houston Street Corporation C/O The Bridge Inc is $0 and their total compensation is $323,102.
Official website here: www.thebridgeny.org
What is the revenue of 323 Houston Street Corporation C/O The Bridge Inc?
323 Houston Street Corporation C/O The Bridge Inc's revenue in 2022 was $2,847,916.
Official website here: www.thebridgeny.org
Who are the executives of 323 Houston Street Corporation C/O The Bridge Inc and what are their salaries?
There 5 volunteers at 323 Houston Street Corporation C/O The Bridge Inc.
Here are 5 key members and their salaries (323 Houston Street Corporation C/O The Bridge Inc's CEO's salary is $0 and their total compensation is $323,102):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $307,701
- Other: $15,401
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thebridgeny.org
Where can I find the form 990 for 323 Houston Street Corporation C/O The Bridge Inc?
323 Houston Street Corporation C/O The Bridge Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thebridgeny.org
Learn more at the official website: www.thebridgeny.org
Mission Statement of 323 Houston Street Corporation C/O The Bridge Inc
323 Houston Street Corporation C/O The Bridge Inc, as a nonprofit organization, is committed to providing affordable housing for individuals who are chronically mentally disabled. This mission is in line with Section 811 of the National Affordable Housing Act. The entity, established in 1991, focuses on acquiring, developing, and operating housing facilities, specifically catering to 15 units in New York, NY. These units are designed to serve individuals with disabilities, and the organization receives assistance under the provisions of Section 811. The U.S. Department of Housing and Urban Development (HUD) regulates the rent charges and operating methods of such entities, ensuring that they adhere to specific standards. In summary, 323 Houston Street Corporation C/O The Bridge Inc is dedicated to providing a safe and affordable living environment for individuals with chronic mental disabilities, in compliance with the national housing act.
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Impact
August, 2024
The impact of 323 Houston Street Corporation C/O The Bridge Inc is providing affordable housing to the chronically mentally disabled under Section 811 of the National Affordable Housing Act. They operate housing and related facilities consisting of 15 units in New York, NY, for persons with disabilities. By receiving assistance under the provisions of Section 811, they contribute to addressing the housing needs of individuals with disabilities. Through their mission to provide affordable housing to the chronically mentally disabled, they play a significant role in promoting inclusion and support for this vulnerable population.
This information is meant to be a general summary of 323 Houston Street Corporation C/O The Bridge Inc. 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: $16
- Program Service Revenue: $93,504
- Gross Receipts: $2,847,916
Assets and Liabilities:
- Total Assets: $2,897,541
- Total Liabilities: $359,561
- Net Assets: $2,537,980
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$93,504
Organization Details
Founding Year
1990
Phone
(212) 663-3000Principal Officer
Cynthia Wainwright
Main Address
290 LENOX AVENUE 3RD FLOOR, NEW YORK, NY, 10027
Website
www.thebridgeny.orgNTEE Category
Code: L20 - Housing
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