Overview
What is Concourse Gardens Housing Development Fund Company Inc?
Concourse Gardens Housing Development Fund Company Inc is a nonprofit organization based in New York City, specifically at 11 Park Place, New York, NY 10007. Their primary mission is to provide subsidized, low-income housing for senior citizens, with 119 units available. This housing complex, located at Echo Place off the Grand Concourse in the Bronx, offers additional social and recreational services to its residents. With a team of eight dedicated individuals, the company is committed to developing, constructing, and operating housing and related facilities primarily for the elderly and handicapped.
Official website here: www.nyfsc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Concourse Gardens Housing Development Fund Company Inc has received an overall score of 81%, which reflects a solid commitment to accountability and finance. This rating is derived entirely from the Accountability & Finance beacon, indicating that the organization has successfully met key financial and governance standards. The organization boasts an independent board, with all members being independent, which enhances its governance structure and accountability.
Strengths of the organization include a high program expense ratio of 84.55%, indicating that a significant portion of its budget is allocated directly to its programs. Additionally, the organization has established robust policies regarding conflict of interest, whistleblower protections, and document retention, all of which contribute to strong governance practices. The financial oversight mechanisms, including the presence of an audit and oversight committee, further assure stakeholders of the organization's integrity.
However, while the high ratings in accountability and finance are commendable, the data does not provide insights into the organization's programmatic impact or community outcomes. Potential donors and supporters may want to seek additional information on how effectively Concourse Gardens is meeting its mission and serving the community it aims to assist.
This AI summary has been generated from information found on Charity Navigator.
Is Concourse Gardens Housing Development Fund Company Inc legitimate?
Concourse Gardens Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concourse Gardens Housing Development Fund Company 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: $266,219
For more financial information, click here
Official website here: www.nyfsc.org
What is the mission statement of Concourse Gardens Housing Development Fund Company Inc?
Concourse Gardens Housing Development Fund Company Inc is dedicated to the mission of developing, constructing, and operating housing and related facilities primarily for the elderly and individuals with disabilities. Their primary activity involves providing 119 units of subsidized, low-income housing for senior citizens. In addition to housing, they offer social and recreational services to enhance their residents' quality of life.
Official website here: www.nyfsc.org
Who is the CEO of Concourse Gardens Housing Development Fund Company Inc?
Linda Hoffman is the President of Concourse Gardens Housing Development Fund Company Inc. The CEO's salary of Concourse Gardens Housing Development Fund Company Inc is $0 and their total compensation is $724,061.
Official website here: www.nyfsc.org
What is the revenue of Concourse Gardens Housing Development Fund Company Inc?
Concourse Gardens Housing Development Fund Company Inc's revenue in 2022 was $1,528,911.
Official website here: www.nyfsc.org
Who are the executives of Concourse Gardens Housing Development Fund Company Inc and what are their salaries?
The average compensation at Concourse Gardens Housing Development Fund Company Inc during 2022 was $33,277. There are 8 employees at Concourse Gardens Housing Development Fund Company Inc.
Here are 9 key members and their salaries (Concourse Gardens Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $724,061):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $692,717
- Other: $31,344
- Compensation: $0
- Related: $280,600
- Other: $25,497
Official website here: www.nyfsc.org
Where can I find the form 990 for Concourse Gardens Housing Development Fund Company Inc?
Concourse Gardens Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nyfsc.org
Learn more at the official website: www.nyfsc.org
Mission Statement of Concourse Gardens Housing Development Fund Company Inc
Concourse Gardens Housing Development Fund Company Inc, as a nonprofit organization, is dedicated to a mission that involves developing, constructing, and operating housing and related facilities for the elderly and handicapped. This mission is centered around providing subsidized, low-income housing for senior citizens, offering them a safe and comfortable living environment. Beyond just housing, the company also provides social and recreational services to enrich the lives of its residents. By doing so, Concourse Gardens Housing Development Fund Company Inc aims to contribute positively to the well-being of its elderly and handicapped residents, providing them with the support they need to lead fulfilling lives.
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Impact
October, 2024
Concourse Gardens Housing Development Fund Company Inc plays a vital role in addressing housing needs for senior citizens in the Bronx by providing 119 units of subsidized, low-income housing. Located at Echo Place off the Grand Concourse, it not only offers secure and affordable living options but also enhances the quality of life for its residents through social and recreational services. By developing, constructing, and operating facilities specifically for the elderly and handicapped, Concourse Gardens fosters a supportive community that promotes well-being and independence among its residents. This initiative significantly contributes to alleviating housing insecurity for vulnerable populations in New York City.
This information is meant to be a general summary of Concourse Gardens Housing Development Fund Company 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: $80
- Program Service Revenue: $301,365
- Gross Receipts: $1,528,911
Assets and Liabilities:
- Total Assets: $5,972,844
- Total Liabilities: $10,530,329
- Net Assets: -$4,557,485
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$301,365
Organization Details
Founding Year
1992
Phone
(212) 962-7653Principal Officer
Linda Hoffman
Main Address
11 PARK PLACE 1416, NEW YORK, NY, 10007
Website
www.nyfsc.orgNTEE Category
Code: L12 - Housing
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