Overview
What is Fulton Plaza Housing Development Fund Corporation?
The Fulton Plaza Housing Development Fund Corporation is a nonprofit organization, situated in an unspecified location, dedicated to providing affordable housing options for low-income individuals within their community. Their primary mission is to offer rental apartments at reasonable prices, thereby catering to the housing needs of financially disadvantaged residents. The organization's activities and description all point towards its role as a reliable provider of affordable low-income rental housing.
Official website here: www.mrcbx.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Fulton Plaza Housing Development Fund Corporation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is derived entirely from the Accountability & Finance category, where the organization earned an impressive score of 81%. This rating reflects a commitment to transparency and responsible financial management.
The organization demonstrates strong governance, with a fully independent board comprising nine members, and has no reported material diversion of assets. It has established various policies, including conflict of interest and whistleblower protections, and ensures that all necessary documents, such as meeting minutes, are available and properly managed. Additionally, Fulton Plaza shows a commendable program expense ratio of 100%, indicating that all funds are directed towards its mission-driven activities.
While the organization's score is commendable, the focus on Accountability & Finance means that other aspects such as program impact or community feedback were not evaluated within this rating. Potential donors should consider looking into additional factors beyond financial metrics to get a complete picture of the organization's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Fulton Plaza Housing Development Fund Corporation legitimate?
Fulton Plaza Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fulton Plaza 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.mrcbx.org
What is the mission statement of Fulton Plaza Housing Development Fund Corporation?
The Fulton Plaza Housing Development Fund Corporation is dedicated to providing affordable rental housing for individuals with low income. Their primary activity involves leasing apartments in various neighborhoods, aiming to make housing accessible for those who may not otherwise be able to afford it. The corporation's mission can be summarized as offering affordable housing solutions to support individuals with limited financial means. By doing so, they contribute significantly to the community, ensuring that everyone has a place to call home regardless of their income level.
Official website here: www.mrcbx.org
What is the revenue of Fulton Plaza Housing Development Fund Corporation?
Fulton Plaza Housing Development Fund Corporation's revenue in 2023 was $587,086.
Official website here: www.mrcbx.org
Who are the executives of Fulton Plaza Housing Development Fund Corporation and what are their salaries?
There 9 volunteers at Fulton Plaza Housing Development Fund Corporation.
Here are 10 key members and their salaries:
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- Other: $150,000
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Official website here: www.mrcbx.org
Where can I find the form 990 for Fulton Plaza Housing Development Fund Corporation?
Fulton Plaza Housing Development Fund Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mrcbx.org
Learn more at the official website: www.mrcbx.org
Mission Statement of Fulton Plaza Housing Development Fund Corporation
Fulton Plaza Housing Development Fund Corporation is committed to providing affordable housing solutions for individuals with low income. This non-profit organization's mission is centered around the rental of apartments within the community, serving as a beacon of affordability for those in need. By offering affordable low-income rental housing, Fulton Plaza Housing Development Fund Corporation plays a crucial role in ensuring that individuals are not priced out of their living spaces due to financial constraints. The organization's dedication to this mission is reflected in its repetition of this goal, emphasizing its commitment to providing affordable housing options.
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Impact
July, 2024
Fulton Plaza Housing Development Fund Corporation provides affordable housing options to low-income individuals in the Bronx, NY. By offering rental apartments at reduced rates, Fulton Plaza contributes to addressing the critical issue of housing affordability in the community. This impact helps ensure that individuals and families facing financial constraints have a safe and stable place to call home. Through their efforts, Fulton Plaza plays a vital role in promoting economic stability and enhancing the overall well-being of residents in the neighborhood.
This information is meant to be a general summary of Fulton Plaza 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 2023.
- Program Service Revenue: $587,086
- Gross Receipts: $587,086
Assets and Liabilities:
- Total Assets: $2,664,138
- Total Liabilities: $853,222
- Net Assets: $1,810,916
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING REN
Revenue
$587,086
Organization Details
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