Overview
What is Ascendant Neighborhood Development Corporation?
Ascendant Neighborhood Development Corporation is a dedicated nonprofit organization situated in New York City, specifically at 421 East 116th Street, New York, NY 10029. Their primary mission is to enhance the living conditions of the elderly, as well as those who were previously homeless and individuals of low to moderate income. They achieve this by offering clean, safe housing and supportive services that aid in promoting independent and fulfilling lives. Since its establishment in 1988, Ascendant Neighborhood Development Corporation has grown to become a significant player in revitalizing the East Harlem community, contributing to the well-being of thousands of New Yorkers by enabling them to live with dignity and respect. The organization's efforts have led to the development of 25 buildings, providing over 700 units for those in need.
Official website here: www.ascendant.nyc
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Ascendant Neighborhood Development Corporation has received a two-star rating from Charity Navigator, indicating that there are areas where the organization can improve. The overall score of 67% reflects solid performance in community engagement and feedback collection, with a perfect score in collecting and utilizing feedback from stakeholders. Additionally, the organization boasts a high program expense ratio of 96.55%, demonstrating a strong commitment to its mission-driven programs.
Strengths of Ascendant include having an independent board composed of 90% independent members and a comprehensive set of governance policies, including whistleblower and conflict of interest policies. The organization's commitment to equity strategies is also commendable, scoring 89 out of 100. However, there are notable weaknesses, particularly concerning its liabilities to assets ratio, which stands at 109.59%, indicating potential financial concerns that may affect long-term sustainability.
While Ascendant has shown effectiveness in engaging with its community, challenges remain in consistently collecting feedback, as noted from stakeholders’ difficulties in responding. Overall, while there are strong governance practices and a focus on programmatic impact, the organization needs to address financial liabilities and enhance feedback mechanisms to improve its rating moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Ascendant Neighborhood Development Corporation legitimate?
Ascendant Neighborhood Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ascendant Neighborhood Development 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: $234,641
Professional Fundraising Fees: $0
Other Salaries and Wages: $464,259
For more financial information, click here
Official website here: www.ascendant.nyc
What is the mission statement of Ascendant Neighborhood Development Corporation?
Ascendant Neighborhood Development Corporation's mission is centered around enhancing the quality of life for the elderly, as well as individuals of low to moderate income who were formerly homeless. Their goal is to provide these individuals with clean, safe housing and supportive services, enabling them to live independently and fulfilling lives. Established in 1988, Ascendant Neighborhood Development Corporation has grown to become a significant force in revitalizing communities, particularly in East Harlem. As a result of their mission, they have developed 25 buildings offering over 700 units for low-income families and individuals. Their work includes coordinating and administering various programs, from the rehabilitation and rental of apartments to the provision of essential services.
Official website here: www.ascendant.nyc
Who is the CEO of Ascendant Neighborhood Development Corporation?
Christopher Cirillo is the Executive Dir/ President of Ascendant Neighborhood Development Corporation.
Official website here: www.ascendant.nyc
What is the revenue of Ascendant Neighborhood Development Corporation?
Ascendant Neighborhood Development Corporation's revenue in 2022 was $1,306,420.
Official website here: www.ascendant.nyc
Who are the executives of Ascendant Neighborhood Development Corporation and what are their salaries?
There 10 volunteers at Ascendant Neighborhood Development Corporation.
Here are 11 key members and their salaries:
- Compensation: $195,000
- Related: $0
- Other: $39,641
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.ascendant.nyc
Where can I find the form 990 for Ascendant Neighborhood Development Corporation?
Ascendant Neighborhood Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ascendant.nyc
Learn more at the official website: www.ascendant.nyc
Mission Statement of Ascendant Neighborhood Development Corporation
Ascendant Neighborhood Development Corporation, a prominent organization, is committed to enhancing the quality of life for the elderly, formerly homeless individuals, and those with low to moderate income. Their mission is to provide these individuals with clean, safe housing and supportive services, enabling them to live independently and fulfilling lives. Since its inception in 1988, Ascendant Neighborhood Development Corporation has grown to become a significant force in revitalizing the East Harlem community. Through the development of 25 buildings offering over 700 units, the organization has helped thousands of New Yorkers live with dignity and respect.
The corporation's activities extend beyond just housing, as they coordinate and administer various programs. This includes the rehabilitation and rental of apartments to low-income families and individuals, ensuring that they have access to comfortable living spaces. By offering these supportive services, Ascendant Neighborhood Development Corporation empowers its residents to lead independent lives, fostering a sense of community and respect among them.
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Impact
October, 2024
Ascendant Neighborhood Development Corporation significantly enhances the quality of life for New York's elderly, individuals who were formerly homeless, and those of low to moderate income. Since its inception in 1988, the organization has emerged as a pivotal player in the revitalization of the East Harlem community, providing clean and safe housing alongside supportive services that empower residents to lead independent and fulfilling lives.
With the coordination and administration of various programs, Ascendant has successfully rehabilitated and rented apartments to low-income families and individuals, contributing to the development of 25 buildings that offer over 700 housing units. This effort not only meets immediate housing needs but also fosters a sense of dignity and respect among thousands of New Yorkers, helping them integrate into their community and enhancing their overall well-being. The organization's commitment to improving living conditions resonates deeply, demonstrating a profound impact on both individuals and the broader community.
This information is meant to be a general summary of Ascendant Neighborhood Development 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: $61,660
- Program Service Revenue: $789,063
- Gross Receipts: $1,306,420
Assets and Liabilities:
- Total Assets: $2,238,828
- Total Liabilities: $2,453,755
- Net Assets: -$214,927
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEE
Revenue
$735,949
MANAGEMENT FEES
Revenue
$53,114
Organization Details
Founding Year
1995
Phone
(212) 534-6464Principal Officer
Christopher Cirillo
Main Address
421 EAST 116TH STREET, NEW YORK, NY, 10029
Website
www.ascendant.nycNTEE Category
Code: L80Z - Housing
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