Overview
What is 118 East 111th Street Corporation C/O The Bridge Inc?
118 East 111th Street Corporation, operating under the umbrella of The Bridge Inc, is a not-for-profit organization established in March 1994, based in New York, New York. The primary objective of this corporation is to secure, develop, and manage affordable housing facilities specifically designed for individuals with disabilities. This mission aligns with Section 811 of the National Affordable Housing Act. The organization has successfully obtained assistance under this provision, enabling it to provide 20 units of housing in New York City. The U.S. Department of Housing and Urban Development (HUD) regulates the rent charges and operational methods of such organizations to ensure they adhere to necessary standards.
Official website here: www.thebridgeny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating
118 East 111th Street Corporation C/O The Bridge Inc has received a two-star rating from Charity Navigator, indicating that while the organization has some positive attributes, there are significant areas for improvement, particularly in accountability and financial practices. The organization scores well in board independence and asset management, which showcases a commitment to governance. However, the lack of conflict of interest and whistleblower policies raises concerns about transparency and ethical oversight.
Financially, the organization demonstrates a strong program expense ratio of 93.88%, suggesting that a substantial portion of its funds is directed toward its programs rather than administrative costs. However, the liabilities to assets ratio of 62.21% indicates potential financial vulnerability, which could impact its long-term sustainability. The compensation for the CEO and CFO appears high, which could be a point of contention for stakeholders concerned about fund allocation.
Overall, while 118 East 111th Street Corporation C/O The Bridge Inc exhibits strengths in certain governance aspects and program efficiency, the notable deficiencies in accountability practices and the financial ratios warrant careful consideration from potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is 118 East 111th Street Corporation C/O The Bridge Inc legitimate?
118 East 111th Street Corporation C/O The Bridge Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 118 East 111th Street Corporation C/O The Bridge 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: $0
For more financial information, click here
Official website here: www.thebridgeny.org
What is the mission statement of 118 East 111th Street Corporation C/O The Bridge Inc?
The 118 East 111th Street Corporation, affiliated with The Bridge Inc., is dedicated to providing affordable housing for individuals with disabilities. This mission is aligned with Section 811 of the National Affordable Housing Act. Established in 1994, the corporation aims to acquire, develop, and manage housing facilities that cater to this specific group. The US Department of Housing and Urban Development (HUD) regulates these entities, setting guidelines for rental charges and operating methods to ensure affordability and accessibility.
Official website here: www.thebridgeny.org
Who is the CEO of 118 East 111th Street Corporation C/O The Bridge Inc?
Cynthia Wainwright is the Principal Officer of 118 East 111th Street Corporation C/O The Bridge Inc. The CEO's salary of 118 East 111th Street Corporation C/O The Bridge Inc is $0 and their total compensation is $323,102.
Official website here: www.thebridgeny.org
What is the revenue of 118 East 111th Street Corporation C/O The Bridge Inc?
118 East 111th Street Corporation C/O The Bridge Inc's revenue in 2022 was $456,058.
Official website here: www.thebridgeny.org
Who are the executives of 118 East 111th Street Corporation C/O The Bridge Inc and what are their salaries?
There 8 volunteers at 118 East 111th Street Corporation C/O The Bridge Inc.
Here are 8 key members and their salaries (118 East 111th Street Corporation C/O The Bridge Inc's CEO's salary is $0 and their total compensation is $323,102):
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $307,701
- Other: $15,401
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thebridgeny.org
Where can I find the form 990 for 118 East 111th Street Corporation C/O The Bridge Inc?
118 East 111th Street Corporation C/O The Bridge Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thebridgeny.org
Learn more at the official website: www.thebridgeny.org
Mission Statement of 118 East 111th Street Corporation C/O The Bridge Inc
118 East 111th Street Corporation C/O The Bridge Inc, a New York-based not-for-profit organization, is dedicated to providing affordable housing for individuals with disabilities. This commitment is in line with Section 811 of the National Affordable Housing Act. The entity's mission is to create and manage housing facilities that cater specifically to this group, ensuring they have a safe and comfortable living environment. The United States Department of Housing and Urban Development (HUD) regulates the entity, overseeing the rental charges and operational methods to ensure compliance with the act's provisions.
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Impact
July, 2024
The impact of 118 East 111th Street Corporation C/O The Bridge Inc is centered around providing affordable housing for the chronically mentally disabled under Section 811 of the National Affordable Housing Act. By offering housing and related facilities for individuals with disabilities in New York, this organization plays a crucial role in supporting this vulnerable population. Through its mission of providing affordable housing, this entity contributes to enhancing the quality of life and promoting the well-being of people with disabilities.
This information is meant to be a general summary of 118 East 111th Street Corporation C/O The Bridge 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: $12
- Program Service Revenue: $456,046
- Gross Receipts: $456,058
Assets and Liabilities:
- Total Assets: $376,009
- Total Liabilities: $207,395
- Net Assets: $168,614
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$456,046
Organization Details
Founding Year
1993
Phone
(212) 663-3000Principal Officer
Cynthia Wainwright
Main Address
290 LENOX AVENUE 3RD FLOOR, NEW YORK, NY, 10027
Website
www.thebridgeny.orgNTEE Category
Code: T30Z - Philanthropy
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