Overview
What is Council Towers I Housing Development Corporation C/O Met Council?
Council Towers I Housing Development Corporation C/O Met Council is a nonprofit organization situated in New York City, specifically at 77 Water Street, 26th Floor. Their primary mission is to provide housing assistance to senior citizens and low-income individuals. They achieve this by offering subsidized apartment rentals, ensuring affordable housing for their target demographic. The organization, with its headquarters in New York, NY 10005, operates with a focus on supporting those in need of housing assistance.
Official website here: www.metcouncil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 74% - Two-Star out of Four Star Rating
Council Towers I Housing Development Corporation received a Two-Star rating from Charity Navigator, indicating that while the organization shows strengths in accountability and finance, there are significant areas for improvement. The rating reflects a high program expense ratio of 85.89%, indicating that a large portion of resources is directed toward its programs.
The organization benefits from a strong independent board, with 66% of members being independent, and it has established solid governance policies, such as a conflict of interest policy and a whistleblower policy. However, it faces challenges with its independent board size and a concerning liabilities-to-assets ratio of 352.68%, which suggests financial instability.
Additionally, while the organization is transparent in many of its practices, it has not posted its tax form on its website as required, which negatively impacts its transparency score. This lack of availability of key financial documents may hinder potential donors’ ability to assess the organization's financial health fully.
This AI summary has been generated from information found on Charity Navigator.
Is Council Towers I Housing Development Corporation C/O Met Council legitimate?
Council Towers I Housing Development Corporation C/O Met Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Council Towers I Housing Development Corporation C/O Met Council 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.metcouncil.org
What is the mission statement of Council Towers I Housing Development Corporation C/O Met Council?
The Council Towers I Housing Development Corporation, affiliated with Met Council, has a mission to provide housing assistance. Their primary objective is to offer subsidized apartment rentals for senior citizens who fall under the low-income bracket. In essence, they strive to ensure affordable housing for this specific demographic, contributing to their overall well-being. The corporation's activities revolve around this mission, providing a vital service to support low-income senior citizens.
Official website here: www.metcouncil.org
Who is the CEO of Council Towers I Housing Development Corporation C/O Met Council?
David G Greenfield is the Principal Officer of Council Towers I Housing Development Corporation C/O Met Council. The CEO's salary of Council Towers I Housing Development Corporation C/O Met Council is $0 and their total compensation is $650,366.
Official website here: www.metcouncil.org
What is the revenue of Council Towers I Housing Development Corporation C/O Met Council?
Council Towers I Housing Development Corporation C/O Met Council's revenue in 2022 was $1,823,709.
Official website here: www.metcouncil.org
Who are the executives of Council Towers I Housing Development Corporation C/O Met Council and what are their salaries?
There 2 volunteers at Council Towers I Housing Development Corporation C/O Met Council.
Here are 7 key members and their salaries (Council Towers I Housing Development Corporation C/O Met Council's CEO's salary is $0 and their total compensation is $650,366):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $147,370
- Other: $14,546
- Compensation: $0
- Related: $108,762
- Other: $1,341
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $597,987
- Other: $52,379
- Compensation: $0
- Related: $140,429
- Other: $6,790
- Compensation: $0
- Related: $257,971
- Other: $2,170
Official website here: www.metcouncil.org
Where can I find the form 990 for Council Towers I Housing Development Corporation C/O Met Council?
Council Towers I Housing Development Corporation C/O Met Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.metcouncil.org
Learn more at the official website: www.metcouncil.org
Mission Statement of Council Towers I Housing Development Corporation C/O Met Council
Council Towers I Housing Development Corporation C/O Met Council is a dedicated organization, committed to providing housing assistance for senior citizens and low-income individuals. Their primary mission is to offer subsidized apartment rentals, making it possible for this demographic to secure affordable living arrangements. By doing so, they contribute to the overall well-being and stability of these individuals, enabling them to focus on other essential aspects of their lives. The corporation's activities are centered around the provision of housing assistance, monetarily supporting senior citizens and low-income individuals in their quest for suitable and affordable housing.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Council Towers I Housing Development Corporation C/O Met Council plays a crucial role in providing subsidized apartment rentals specifically for low-income senior citizens in New York City. By focusing on this demographic, the organization significantly impacts housing stability for some of the city's most vulnerable residents, ensuring that they have access to safe and affordable living environments.
The initiative addresses critical housing needs, enhancing the overall quality of life for senior citizens and low-income individuals. Access to affordable housing can lead to improved health outcomes, as stable living conditions often correlate with better mental and physical health. With a mission centered on housing assistance, Council Towers I contributes to alleviating the pressures of poverty and elevating the standard of living for its residents.
Overall, the organization not only provides essential shelter but also fosters a community that supports the well-being of its residents, ultimately promoting healthier, more stable lives for low-income seniors in New York.
This information is meant to be a general summary of Council Towers I Housing Development Corporation C/O Met Council. 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: $16,720
- Program Service Revenue: $1,797,046
- Gross Receipts: $1,823,709
Assets and Liabilities:
- Total Assets: $3,626,082
- Total Liabilities: $12,788,684
- Net Assets: -$9,162,602
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,797,046
Organization Details
Founding Year
1993
Phone
(212) 453-9500Principal Officer
David G Greenfield
Main Address
77 WATER STREET 26TH FLOOR, NEW YORK, NY, 10005
Website
www.metcouncil.orgNTEE Category
Code: E91Z - Health
If you are a representative of Council Towers I Housing Development Corporation C/O Met Council and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.