Overview
What is Flemister Housing Development Fund?
The Flemister Housing Development Fund is a nonprofit organization located in New York, specifically at 527 WEST 22ND STREET, NY-10011. Their primary mission is to provide affordable housing for individuals with special needs who are homeless and have an income below the poverty line. This nonprofit strives to support low-income individuals, contributing to their community by offering a vital resource. With a team of 25 dedicated employees, the Flemister Housing Development Fund is committed to making a difference in the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star rating)
The Flemister Housing Development Fund has been rated with a Two-Star rating by Charity Navigator, indicating concerns primarily in the area of accountability and finance. The overall score reflects a low percentage of independent board members, which can impact governance and oversight. The organization does have a robust audit and oversight committee, yet the absence of independent members raises questions about its decision-making processes.
Strengths of the organization include a high program expense ratio of 83.29%, suggesting that a significant portion of its resources is directed towards its charitable activities. Additionally, the presence of essential policies such as conflict of interest, whistleblower, and document retention is noted. However, the lack of a publicly accessible website and missing financial documentation points to transparency issues that the organization needs to address.
The financial health of the Flemister Housing Development Fund is concerning, as indicated by a liabilities to assets ratio of 157.68%. This may suggest potential financial instability, and it could affect its ability to sustain operations in the long term. Overall, while the organization shows commitment to its mission, improvements in governance and transparency are necessary to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Flemister Housing Development Fund legitimate?
Flemister Housing Development Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Flemister Housing Development Fund 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: $633,915
For more financial information, click here
What is the mission statement of Flemister Housing Development Fund?
The Flemister Housing Development Fund's mission is centered around providing low-income housing for individuals with special needs who are currently homeless and fall below the poverty line. This organization aims to offer a sanctuary for those in need, ensuring they have a place to call home. By doing so, the fund contributes to enhancing their living conditions and promoting their well-being. The organization's focus on low-income housing serves as a vital resource for underprivileged individuals, providing them with a sense of stability and security.
What is the revenue of Flemister Housing Development Fund?
Flemister Housing Development Fund's revenue in 2023 was $1,690,765.
Who are the executives of Flemister Housing Development Fund and what are their salaries?
The average compensation at Flemister Housing Development Fund during 2023 was $21,130. There are 30 employees at Flemister Housing Development Fund.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $71,300
- Other: $0
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- Related: $55,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Flemister Housing Development Fund?
Flemister Housing Development Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Flemister Housing Development Fund
The Flemister Housing Development Fund is dedicated to providing affordable housing for individuals with special needs who find themselves in a homeless situation and have an income below the poverty line. This nonprofit organization's mission is to cater to the housing needs of the underprivileged and indigent population, offering them a chance at a stable living environment. By providing low-income housing, Flemister Housing Development Fund aims to make a significant impact in the lives of those most in need, helping them to overcome the challenges of homelessness and strive for a better future.
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Impact
October, 2024
The Flemister Housing Development Fund plays a critical role in addressing the urgent need for low-income housing for individuals with special needs who are experiencing homelessness and live below the poverty line. By providing safe and affordable housing options, it significantly improves the quality of life for these vulnerable populations in New York City. The Fund's efforts contribute to reducing homelessness, promoting stability, and fostering a sense of community among those who often face significant challenges in accessing basic living conditions. This commitment to supporting the poor, underprivileged, and indigent not only helps individuals find shelter but also empowers them to pursue better opportunities and enhance their overall well-being.
This information is meant to be a general summary of Flemister Housing Development Fund. 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.
- Gross Receipts: $1,725,815
Assets and Liabilities:
- Total Assets: $5,416,313
- Total Liabilities: $8,430,187
- Net Assets: -$3,013,874
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Organization Details
Founding Year
1993
Principal Officer
Thomas C Ross
NTEE Category
Code: L20 - Housing
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