Overview
What is 239 East 115th Street Housing Development Fund Corporation?
The 239 East 115th Street Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 174 East 104th Street. Their primary mission is to improve housing accessibility for individuals with modest incomes. This mission encompasses developing, managing, and owning housing units for low-to-moderate income individuals. Moreover, they offer housing and rehabilitation services to homeless families, aiming to provide them with stable living conditions.
Official website here: www.hopecl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
239 East 115th Street Housing Development Fund Corporation has received a 77% rating from Charity Navigator, which reflects a solid performance in accountability and finance. The organization achieved full marks in several key areas, including having a fully independent board and maintaining comprehensive financial oversight. These strengths suggest a commitment to transparency and responsible governance.
Despite its overall positive rating, there are notable limitations. The organization scored poorly on its liabilities to assets ratio, indicating potential financial risks. Moreover, the absence of a whistleblower policy raises concerns about internal accountability, which could impact the overall trust within the organization.
Overall, while the nonprofit demonstrates strong governance practices and effective use of funds, it may need to address its financial liabilities and implement additional safeguards for whistleblower protections to enhance its rating further and ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is 239 East 115th Street Housing Development Fund Corporation legitimate?
239 East 115th Street Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 239 East 115th Street 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hopecl.org
What is the mission statement of 239 East 115th Street Housing Development Fund Corporation?
The 239 East 115th Street Housing Development Fund Corporation is dedicated to serving individuals with modest incomes by developing, managing, and providing housing. This organization extends its mission to also offer rehabilitation services to homeless families. In essence, its primary goal is to enhance living conditions and provide a stable home environment for those in need of affordable housing solutions.
Official website here: www.hopecl.org
Who is the CEO of 239 East 115th Street Housing Development Fund Corporation?
Walter M Roberts is the Vice President of 239 East 115th Street Housing Development Fund Corporation.
Official website here: www.hopecl.org
What is the revenue of 239 East 115th Street Housing Development Fund Corporation?
239 East 115th Street Housing Development Fund Corporation's revenue in 2022 was $2,872,574.
Official website here: www.hopecl.org
Who are the executives of 239 East 115th Street Housing Development Fund Corporation and what are their salaries?
There 12 volunteers at 239 East 115th Street Housing Development Fund Corporation.
Here are 14 key members and their salaries:
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- Related: $105,957
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- Related: $136,611
- Other: $6,560
Official website here: www.hopecl.org
Where can I find the form 990 for 239 East 115th Street Housing Development Fund Corporation?
239 East 115th Street Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopecl.org
Learn more at the official website: www.hopecl.org
Mission Statement of 239 East 115th Street Housing Development Fund Corporation
The 239 East 115th Street Housing Development Fund Corporation is dedicated to making a significant impact in the lives of individuals with moderate to low incomes. Their primary mission involves the development, ownership, management, and provision of housing for this demographic. In addition to this, they offer housing and rehabilitation services to families who are currently homeless. By fulfilling these roles, this organization aims to provide a stable living environment for individuals who might otherwise struggle to secure adequate housing.
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Impact
October, 2024
239 East 115th Street Housing Development Fund Corporation plays a crucial role in the New York community by developing, owning, managing, and providing affordable housing for low to moderate-income individuals. This organization addresses the pressing needs of vulnerable populations, including homeless families, by offering housing solutions and rehabilitation services, thereby fostering stability and dignity.
Through its initiatives, the corporation contributes to alleviating housing insecurity, which is vital in a city where the cost of living can be prohibitively high. By focusing on low-income individuals, it not only enhances the availability of safe and affordable housing but also supports the broader social fabric of the community. The impact of 239 East 115th Street Housing Development Fund Corporation extends beyond mere housing; it promotes social equity and helps individuals and families achieve a better quality of life. This organization is essential in creating pathways to stability, ensuring that more residents have access to the basic necessity of shelter.
This information is meant to be a general summary of 239 East 115th Street 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.
- Investment Income: $2,210
- Program Service Revenue: $2,847,032
- Gross Receipts: $2,872,574
Assets and Liabilities:
- Total Assets: $11,062,910
- Total Liabilities: $9,410,597
- Net Assets: $1,652,313
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,847,032
Organization Details
Founding Year
1995
Phone
(212) 860-8821Principal Officer
Walter M Roberts
Main Address
174 EAST 104TH STREET, NEW YORK, NY, 10029
Website
www.hopecl.orgNTEE Category
Code: L200 - Housing
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