Overview
What is Rios Senior Residence Housing Development Fund Corporation?
Rios Senior Residence Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 174 East 104th Street, New York, NY 10029. Their primary mission is to provide rental housing for eligible elderly individuals with low income, in line with Section 202 of the National Housing Act. By offering affordable housing, the organization aims to support this vulnerable population and contribute to their well-being.
Official website here: www.hopeci.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
Rios Senior Residence Housing Development Fund Corporation has received a Three-Star rating from Charity Navigator, primarily based on its Accountability & Finance score. With a score of 77%, the organization demonstrates strong governance practices, including a fully independent board and effective financial oversight through an audit and oversight committee. The charity has also established policies for conflict of interest and document retention, which contribute to its accountability.
However, the organization has notable weaknesses, particularly in its liabilities to assets ratio, which scored poorly at 169.50%. This indicates potential financial risk and may raise concerns about its overall financial health. Additionally, the absence of a whistleblower policy could be a limitation in fostering a transparent organizational environment.
Despite these limitations, Rios Senior Residence has shown a commitment to using a significant portion of its expenses on programs, with a program expense ratio of 89.87%. This reflects positively on its dedication to fulfilling its mission of providing housing development services, while the majority independent board suggests a focus on effective governance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Rios Senior Residence Housing Development Fund Corporation?
Even though there are only a couple of reviews on Facebook, they provide insight into user experiences with Rios Senior Residence Housing Development Fund Corporation. One reviewer shared a troubling account of applying for an apartment, going through the credit check, and then experiencing a setback when the staff handling their application was dismissed. This resulted in additional complications and a feeling of being scammed out of both time and money.
The sentiment expressed by this reviewer is largely negative, indicating distress and dissatisfaction with the process. The situation described has left them anxious about future housing searches. Unfortunately, with just two reviews available, a more comprehensive evaluation of user sentiment can't be established, but the one detailed experience suggests a need for improvements in communication and application handling within the organization.
This AI summary has been generated from reviews found on Facebook.
Is Rios Senior Residence Housing Development Fund Corporation legitimate?
Rios Senior Residence Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rios Senior Residence 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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For more financial information, click here
Official website here: www.hopeci.org
What is the mission statement of Rios Senior Residence Housing Development Fund Corporation?
The Rios Senior Residence Housing Development Fund Corporation is dedicated to providing rental housing for eligible elderly individuals with low income. This organization operates under Section 202 of the National Housing Act, offering habitable living spaces to those who meet the specified income criteria. Its primary mission is to ensure that elderly individuals with limited financial resources have access to suitable housing, thereby enhancing their quality of life.
Official website here: www.hopeci.org
Who is the CEO of Rios Senior Residence Housing Development Fund Corporation?
Walter M Roberts is the Vice President of Rios Senior Residence Housing Development Fund Corporation.
Official website here: www.hopeci.org
What is the revenue of Rios Senior Residence Housing Development Fund Corporation?
Rios Senior Residence Housing Development Fund Corporation's revenue in 2022 was $1,953,880.
Official website here: www.hopeci.org
Who are the executives of Rios Senior Residence Housing Development Fund Corporation and what are their salaries?
There 12 volunteers at Rios Senior Residence 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.hopeci.org
Where can I find the form 990 for Rios Senior Residence Housing Development Fund Corporation?
Rios Senior Residence Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopeci.org
Learn more at the official website: www.hopeci.org
Mission Statement of Rios Senior Residence Housing Development Fund Corporation
Rios Senior Residence Housing Development Fund Corporation is dedicated to providing rental housing for eligible elderly individuals with low income. This nonprofit organization operates under Section 202 of the National Housing Act, aiming to address the housing needs of this specific demographic. By offering affordable housing solutions, Rios Senior Residence Housing Development Fund Corporation contributes to the well-being and independence of elderly individuals who may be financially constrained, ensuring they can maintain a dignified living environment.
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Impact
October, 2024
Rios Senior Residence Housing Development Fund Corporation plays a vital role in addressing the housing needs of elderly individuals in New York City. By providing affordable rental housing specifically for low-income seniors under Section 202 of the National Housing Act, the organization helps to reduce housing insecurity among this vulnerable population.
The impact of Rios Senior Residence extends beyond mere shelter; it fosters independence and dignity for elderly residents, ensuring they have safe and stable living conditions. This not only enhances their quality of life but also supports their overall health, as stable housing is closely linked to better physical and mental well-being.
Moreover, Rios Senior Residence contributes to the community by fostering an environment of support and social interaction among seniors, helping to combat loneliness and social isolation, which are significant issues for many elderly individuals. The organization’s commitment to aiding low-income seniors is crucial in promoting inclusivity and enhancing the resilience of New York’s aging population.
This information is meant to be a general summary of Rios Senior Residence 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: $1,078
- Program Service Revenue: $1,933,848
- Gross Receipts: $1,953,880
Assets and Liabilities:
- Total Assets: $5,661,713
- Total Liabilities: $9,881,190
- Net Assets: -$4,219,477
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,933,848
Organization Details
Founding Year
1993
Phone
(212) 860-8821Principal Officer
Walter M Roberts
Main Address
174 EAST 104TH STREET, NEW YORK, NY, 10029
Website
www.hopeci.orgNTEE Category
Code: E91Z - Health
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