Overview
What is Ryer Avenue Housing Development Fund Corporation?
Ryer Avenue Housing Development Fund Corporation, located in Bronx, New York, is a dedicated nonprofit organization that focuses on providing housing and support services for individuals who are homeless and living with HIV/AIDS or HIV-related illnesses. Established with the help of San Miguel Housing Development Fund Company, Inc., the organization operates a supportive housing facility named the San Miguel Residence at 2386 Ryer Avenue. With a team of 32 dedicated employees, the nonprofit provides programs and resources tailored to assist these vulnerable individuals, aiming to improve their overall well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Ryer Avenue Housing Development Fund Corporation has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a 64% overall score. While the organization demonstrates strong governance with 100% independent board members and a robust program expense ratio of 75.45%, it falls short in transparency and financial reporting, evidenced by the absence of financial statements and tax forms on its website.
The nonprofit has implemented key policies, including conflict of interest and whistleblower protections, contributing positively to its accountability framework. However, significant concerns arise from the missing financial documentation, which limits potential donors' ability to assess the organization's financial health accurately.
Additionally, the liabilities to assets ratio is notably high at 117.87%, indicating potential financial risk. While Ryer Avenue Housing Development Fund Corporation has strong governance structures, the lack of necessary financial disclosures and the concerning liabilities ratio highlight areas that need improvement for enhanced trust and support from the public.
This AI summary has been generated from information found on Charity Navigator.
Is Ryer Avenue Housing Development Fund Corporation legitimate?
Ryer Avenue Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ryer Avenue Housing Development Fund 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: $77,689
Professional Fundraising Fees: $0
Other Salaries and Wages: $727,462
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What is the mission statement of Ryer Avenue Housing Development Fund Corporation?
The Ryer Avenue Housing Development Fund Corporation, through its subsidiary, focuses on providing housing and support to individuals who are homeless and living with HIV/AIDS or HIV-related illnesses. Their mission is centered around operating a supportive housing facility, specifically located at 2386 Ryer Avenue, Bronx, New York, known as the San Miguel Residence. The organization's primary aim is to offer programs and assistance designed to cater to the needs of these individuals, ensuring they receive the necessary care and resources during their stay.
Who is the CEO of Ryer Avenue Housing Development Fund Corporation?
Father David Byrne is the Chairman of Ryer Avenue Housing Development Fund Corporation.
What is the revenue of Ryer Avenue Housing Development Fund Corporation?
Ryer Avenue Housing Development Fund Corporation's revenue in 2022 was $2,205,927.
Who are the executives of Ryer Avenue Housing Development Fund Corporation and what are their salaries?
The average compensation at Ryer Avenue Housing Development Fund Corporation during 2022 was $25,161. There are 32 employees at Ryer Avenue Housing Development Fund Corporation.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Ryer Avenue Housing Development Fund Corporation?
Ryer Avenue Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ryer Avenue Housing Development Fund Corporation
Ryer Avenue Housing Development Fund Corporation, a not-for-profit organization, is dedicated to providing assistance to homeless individuals struggling with HIV/AIDS or HIV-related illnesses. Their mission is fulfilled through the operation of a supportive housing facility, known as the San Miguel Residence, located in Bronx, New York. This facility offers programs designed to cater to the needs of its residents, aiming to provide them with a safe and nurturing environment during their recovery. The organization's primary focus is on offering support and care to those in need, ensuring they have access to the necessary resources to overcome their challenges.
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Impact
August, 2024
Ryer Avenue Housing Development Fund Corporation's impact lies in providing crucial housing and programs for homeless individuals with AIDS or HIV-related illnesses. Specifically, the organization operates the San Miguel Residence in Bronx, New York, which serves as a supportive housing facility for those in need. By offering a safe and supportive environment for this vulnerable population, Ryer Avenue HDFC plays a vital role in addressing the housing needs of individuals facing health challenges. The organization's efforts contribute significantly to enhancing the quality of life and overall well-being of those it serves.
This information is meant to be a general summary of Ryer Avenue Housing Development Fund 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.
- Program Service Revenue: $43,547
- Gross Receipts: $2,205,927
Assets and Liabilities:
- Total Assets: $347,543
- Total Liabilities: $371,449
- Net Assets: -$23,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$43,547
Organization Details
Founding Year
1990
Phone
(718) 329-0600Principal Officer
Father David Byrne
Main Address
2386 RYER AVENUE, BRONX, NY, 10458
NTEE Category
Code: L20Z - Housing
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