Overview
What is Citileaf Housing Development Fund Corporation?
Citileaf Housing Development Fund Corporation is a nonprofit organization situated in New York, specifically at 130 East 25th Street. Their primary mission is to offer safe and affordable housing, along with essential support services, to individuals living with HIV/AIDS who were previously homeless or marginally housed. Their approach, known as supportive housing, provides tenants with affordable living quarters and on-site access to a network of professionals, helping them overcome challenges such as mental illness, trauma, addiction, and chronic illness. Citileaf Housing provides permanent housing for 50 individuals and has a staff of 21 individuals dedicated to their mission.
Official website here: www.citileafhousing.nyc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Citileaf Housing Development Fund Corporation has received a 73% rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The organization boasts a fully independent board, which demonstrates strong governance practices. Additionally, it has a solid program expense ratio of 79.84%, indicating that the majority of its resources are directed towards its programs rather than administrative costs.
However, there are several areas where the organization falls short. The absence of a whistleblower policy and a document retention and destruction policy raises concerns about transparency and accountability. Furthermore, the high liabilities to assets ratio of 240.21% suggests potential financial risk, which could impact its stability in the future.
While Citileaf Housing Development Fund Corporation shows strengths in governance and program spending, it is essential for potential supporters to consider its weaknesses in financial management practices and policy implementation. Overall, this rating underscores the need for improvements to enhance its accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Citileaf Housing Development Fund Corporation legitimate?
Citileaf Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Citileaf 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:
Executive Compensation: $377,322
Professional Fundraising Fees: $0
Other Salaries and Wages: $338,055
For more financial information, click here
Official website here: www.citileafhousing.nyc
What is the mission statement of Citileaf Housing Development Fund Corporation?
The mission of Citileaf Housing Development Fund Corporation is centered around providing safe and affordable housing, alongside essential support services, to individuals who are living with HIV/AIDS and have previously experienced homelessness or marginal housing situations. This organization believes in the importance of housing as a foundation for overall well-being and health. By offering on-site clinical services, Citileaf Housing Development Fund Corporation aims to create an environment where tenants can access necessary help to maintain their housing and improve their health. Supportive housing, which combines affordable housing with on-site support, has proven to be an effective and cost-effective solution for addressing homelessness among vulnerable populations, such as those dealing with mental illness, trauma, addiction, and chronic illnesses like HIV/AIDS. The organization currently provides permanent supportive housing for 50 individuals who have previously been homeless and living with HIV/AIDS.
Official website here: www.citileafhousing.nyc
Who is the CEO of Citileaf Housing Development Fund Corporation?
Annie Soriano is the President of Citileaf Housing Development Fund Corporation.
Official website here: www.citileafhousing.nyc
What is the revenue of Citileaf Housing Development Fund Corporation?
Citileaf Housing Development Fund Corporation's revenue in 2022 was $1,717,122.
Official website here: www.citileafhousing.nyc
Who are the executives of Citileaf Housing Development Fund Corporation and what are their salaries?
The average compensation at Citileaf Housing Development Fund Corporation during 2022 was $34,066. There are 21 employees and 6 volunteers at Citileaf Housing Development Fund Corporation.
Here are 8 key members and their salaries:
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- Compensation: $188,708
- Related: $0
- Other: $34,093
- Compensation: $133,174
- Related: $0
- Other: $21,347
Official website here: www.citileafhousing.nyc
Where can I find the form 990 for Citileaf Housing Development Fund Corporation?
Citileaf Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.citileafhousing.nyc
Learn more at the official website: www.citileafhousing.nyc
Mission Statement of Citileaf Housing Development Fund Corporation
Citileaf Housing Development Fund Corporation is committed to providing safe and affordable housing, along with essential support services, to individuals living with HIV/AIDS who were previously homeless or marginally housed. Their mission is centered around the belief that housing is a fundamental necessity, and it is enhanced when coupled with on-site resources and a supportive network of professionals. These resources help residents overcome the challenges that led to their homelessness, including mental illness, trauma, addiction, and chronic illness. The organization's supportive housing model is cost-effective and has proven to be one of the most effective interventions in ending homelessness among vulnerable populations. Citileaf Housing Development Fund Corporation currently provides permanent supportive housing for 50 individuals, offering them a roof over their heads and access to the necessary assistance to maintain their health and stability.
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Impact
October, 2024
Citileaf Housing Development Fund Corporation has a significant impact on the lives of individuals living with AIDS who have experienced homelessness or marginal housing. By providing safe and affordable housing, the organization not only addresses the immediate need for shelter but also fosters a supportive environment conducive to health and stability.
Residents benefit from affordable apartments where they contribute one-third of their income towards rent. This financial model not only makes housing accessible but also promotes self-sufficiency among tenants. Alongside housing, Citileaf offers on-site clinical services and a robust support network of professionals dedicated to assisting residents in overcoming the unique challenges they face, such as mental illness, trauma, addiction, and chronic illnesses related to HIV/AIDS.
The model of supportive housing employed by Citileaf has proven to be one of the most effective and cost-efficient solutions to combat homelessness among vulnerable populations. By integrating housing with necessary support services, Citileaf contributes not just to reducing homelessness but also to enhancing the overall quality of life for its residents, ensuring they have the resources needed to maintain their health, stability, and dignity. Through its efforts, Citileaf Housing Development Fund Corporation plays a crucial role in transforming the landscape of supportive housing, offering hope and a pathway to renewed independence for some of society's most marginalized individuals.
This information is meant to be a general summary of Citileaf 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: $3,297
- Program Service Revenue: $643,478
- Gross Receipts: $1,717,122
Assets and Liabilities:
- Total Assets: $2,875,739
- Total Liabilities: $6,907,888
- Net Assets: -$4,032,149
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HPD RENTAL INCOME
Revenue
$511,822
TENANT RENTAL INCOME
Revenue
$131,656
Organization Details
Founding Year
1997
Phone
(212) 995-5000Principal Officer
Annie Soriano
Main Address
130 EAST 25TH STREET, NEW YORK, NY, 10010
Website
www.citileafhousing.nycNTEE Category
Code: P99Z - Human services
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