Overview
What is 80-92 Ridge Street Housing Development Fund Company Inc?
80-92 Ridge Street Housing Development Fund Company Inc is a nonprofit organization situated in New York City, specifically at 11 Park Place, 141 Street. Their primary mission is to provide 99 units of subsidized, low-income housing primarily for senior citizens. Located at 80 Ridge Street between Ridge and Delancey Streets in Manhattan, this housing complex offers additional social and recreational services. Forty-seven of its tenants are enrolled in the Enriched Housing Program, requiring special assistance and food services. With a small workforce of four individuals, this organization is dedicated to improving the living conditions and offering support for elderly and handicapped 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 Star rating)
80-92 Ridge Street Housing Development Fund Company Inc has earned an overall score of 81%, reflecting good accountability and financial practices. The organization achieved full marks for having a majority of independent board members, as well as for their robust audit and oversight committee. Their commitment to transparency is further demonstrated through the inclusion of essential policies like conflict of interest and whistleblower protections.
The financial health of the organization is demonstrated by a strong program expense ratio of 90.15%, indicating that a significant portion of their funds is allocated to their programs rather than administrative costs. This is a positive indicator for potential donors who are concerned about the efficiency and effectiveness of their contributions.
However, while the organization scores well in accountability and finance, a comprehensive evaluation of its overall impact and program outcomes is not provided in the data. This leaves a gap in understanding how effectively the organization meets its mission beyond financial measures.
This AI summary has been generated from information found on Charity Navigator.
Is 80-92 Ridge Street Housing Development Fund Company Inc legitimate?
80-92 Ridge Street Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 80-92 Ridge Street Housing Development Fund Company 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: $385,316
For more financial information, click here
Official website here: www.nyfsc.org
What is the mission statement of 80-92 Ridge Street Housing Development Fund Company Inc?
The 80-92 Ridge Street Housing Development Fund Company Inc is dedicated to developing, constructing, and operating housing and related facilities primarily for the elderly and disabled individuals. Their primary activity involves providing 99 units of subsidized, low-income housing for senior citizens. Furthermore, they offer additional social and recreational services to their residents, with 47 of them being enrolled in the Enriched Housing Program, requiring special assistance and food services.
Official website here: www.nyfsc.org
Who is the CEO of 80-92 Ridge Street Housing Development Fund Company Inc?
Linda Hoffman is the Vice President of 80-92 Ridge Street Housing Development Fund Company Inc. The CEO's salary of 80-92 Ridge Street Housing Development Fund Company Inc is $0 and their total compensation is $724,061.
Official website here: www.nyfsc.org
What is the revenue of 80-92 Ridge Street Housing Development Fund Company Inc?
80-92 Ridge Street Housing Development Fund Company Inc's revenue in 2022 was $2,701,313.
Official website here: www.nyfsc.org
Who are the executives of 80-92 Ridge Street Housing Development Fund Company Inc and what are their salaries?
The average compensation at 80-92 Ridge Street Housing Development Fund Company Inc during 2022 was $96,329. There are 4 employees and 4 volunteers at 80-92 Ridge Street Housing Development Fund Company Inc.
Here are 6 key members and their salaries (80-92 Ridge Street Housing Development Fund Company Inc'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: $285,600
- Other: $25,497
- Compensation: $0
- Related: $692,717
- Other: $31,344
Official website here: www.nyfsc.org
Where can I find the form 990 for 80-92 Ridge Street Housing Development Fund Company Inc?
80-92 Ridge Street Housing Development Fund Company Inc'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 80-92 Ridge Street Housing Development Fund Company Inc
80-92 Ridge Street Housing Development Fund Company Inc, a nonprofit organization, is dedicated to a mission that encompasses developing, constructing, and operating housing and related facilities. Its primary focus is on catering to the needs of the elderly and individuals with disabilities. In fulfilling this mission, the company provides 99 units of subsidized, low-income housing, offering a safe and supportive environment for its senior citizen residents. Moreover, the organization extends beyond merely providing housing, offering social and recreational services, with 47 of its tenants being enrolled in the Enriched Housing Program, requiring special assistance and food services. In essence, 80-92 Ridge Street Housing Development Fund Company Inc's mission is to enhance the quality of life for its elderly and disabled residents by offering affordable housing and essential services.
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Impact
August, 2024
80-92 Ridge Street Housing Development Fund Company Inc's impact lies in providing vital housing support to senior citizens in need. Through its provision of 99 units of subsidized, low-income housing, this organization offers a safe and affordable living option for a vulnerable population in Manhattan. Additionally, by offering social and recreational services, as well as special assistance to 47 enriched housing program residents, this nonprofit plays a crucial role in enhancing the quality of life for elderly individuals who may require additional support. Their mission of developing, constructing, and operating housing facilities for the elderly and handicapped directly addresses a pressing societal need for accessible, supportive housing options in New York City.
This information is meant to be a general summary of 80-92 Ridge Street Housing Development Fund Company 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: $60
- Program Service Revenue: $284,591
- Gross Receipts: $2,701,313
Assets and Liabilities:
- Total Assets: $4,853,436
- Total Liabilities: $6,159,964
- Net Assets: -$1,306,528
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$284,591
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: L21 - Housing
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