Overview
What is 1215 Seneca Ave Houses Inc?
1215 Seneca Ave Houses Inc is a nonprofit organization situated in the Bronx, New York. The primary focus of this organization is to operate a low-income transitional housing project in the South Bronx area. Alongside this, they offer essential social services to their tenants residing in these low-income housing units. The organization's dedication extends beyond just providing housing, as they strive to support the well-being of their residents by offering necessary social assistance. With a staff of 48 individuals, 1215 Seneca Ave Houses Inc is committed to making a positive impact in the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79% (Three-Star out of Four Stars)
1215 Seneca Ave Houses Inc has received a Three-Star rating from Charity Navigator, indicating a relatively strong performance in terms of accountability and finance. The score is derived entirely from their financial operations, showcasing comprehensive transparency and solid governance. The organization has demonstrated a commitment to maintaining an independent board, with 71% of its members being independent, which enhances its credibility.
The nonprofit excels in its financial practices, having a program expense ratio of 99.43%, which suggests that a substantial portion of its funds is directed towards its mission-related activities. Positive indicators also include the presence of key policies such as conflict of interest and whistleblower protections, which reflect a robust internal framework for ethical management and oversight.
However, while the organization shows strong financial accountability, there may be concerns regarding the compensation of its key personnel, such as the CEO, whose salary is quite significant at $216,439. It is essential for potential donors and stakeholders to consider this aspect in the context of the organization's overall financial health and mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is 1215 Seneca Ave Houses Inc legitimate?
1215 Seneca Ave Houses Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1215 Seneca Ave Houses 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: $975,596
For more financial information, click here
What is the mission statement of 1215 Seneca Ave Houses Inc?
1215 Seneca Ave Houses Inc's mission is centered around operating low-income transitional housing and providing essential social services to its tenants. The company aims to offer a supportive environment for individuals in transition, providing them with the necessary resources to improve their living conditions. By offering social services, the organization seeks to enhance the well-being and resilience of its tenants, contributing to their overall development and success. The company's mission is to create an inclusive community where individuals can thrive, empowering them to overcome challenges and build a better future.
Who is the CEO of 1215 Seneca Ave Houses Inc?
Salvatore Gigante is the Chair of 1215 Seneca Ave Houses Inc.
What is the revenue of 1215 Seneca Ave Houses Inc?
1215 Seneca Ave Houses Inc's revenue in 2022 was $3,590,196.
Who are the executives of 1215 Seneca Ave Houses Inc and what are their salaries?
The average compensation at 1215 Seneca Ave Houses Inc during 2022 was $20,325. There are 48 employees at 1215 Seneca Ave Houses Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $600
- Other: $0
- Compensation: $0
- Related: $600
- Other: $0
- Compensation: $0
- Related: $825,206
- Other: $0
- Compensation: $0
- Related: $96,224
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $600
- Other: $0
- Compensation: $0
- Related: $100,000
- Other: $0
- Compensation: $0
- Related: $479,011
- Other: $0
Where can I find the form 990 for 1215 Seneca Ave Houses Inc?
1215 Seneca Ave Houses Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1215 Seneca Ave Houses Inc
1215 Seneca Ave Houses Inc is committed to providing low-income transitional housing and offering social services to its tenants. This nonprofit organization operates with the mission of offering a safe and supportive living environment for individuals in need. By providing these transitional housing units, 1215 Seneca Ave Houses Inc aims to assist individuals in transitioning towards a more stable and independent lifestyle. In addition to housing, the organization offers a range of social services to support its tenants, ensuring they have the resources they need to succeed during this critical period. These services are tailored to meet the unique needs of each resident, helping them overcome challenges and build a stronger foundation for their future.
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Impact
October, 2024
1215 Seneca Ave Houses Inc plays a crucial role in addressing housing challenges in the South Bronx by operating low-income transitional housing. This initiative provides a safe and stable environment for individuals and families in need, facilitating a pathway toward self-sufficiency and improved living conditions.
In addition to housing, 1215 Seneca Ave Houses Inc enhances the well-being of its tenants by offering essential social services. These services can include job training, counseling, and financial literacy programs, all designed to empower residents and help them navigate their transition towards permanent housing and economic independence.
The organization's work not only provides immediate relief to those facing housing instability but also fosters community resilience and growth, positively impacting the broader neighborhood. By supporting individuals and families in their journey, 1215 Seneca Ave Houses Inc contributes significantly to breaking the cycle of poverty and building a stronger, more cohesive community in the Bronx.
This information is meant to be a general summary of 1215 Seneca Ave Houses 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: $431
- Gross Receipts: $3,590,196
Assets and Liabilities:
- Total Assets: $2,272,010
- Total Liabilities: $1,857,358
- Net Assets: $414,652
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Organization Details
Phone
(347) 726-2547Principal Officer
Salvatore Gigante
Main Address
429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY, 10455
NTEE Category
Code: P99Z - Human services
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