Overview
What is Northfield-St Vincent's Housing Development Fund Company Inc?
Northfield-St Vincent's Housing Development Fund Company Inc is a nonprofit organization situated in Staten Island, New York. Their primary mission is to provide housing and related services for the elderly, operating a Section 202 HUD-financed multi-family housing project with 72 units. This project operates on a nonprofit basis, catering specifically to the needs of the underprivileged elderly population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% - Four-Star out of Four Stars
Northfield-St Vincent's Housing Development Fund Company Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization boasts a high Accountability & Finance Score of 94%, demonstrating its effective management of resources and transparency in operations. This rating indicates that donors can trust the organization to use their contributions responsibly.
The nonprofit's governance structure is robust, with 100% of its board members being independent, which enhances its credibility and decision-making processes. The organization exhibits exceptional oversight as evidenced by its perfect scores in audit and oversight practices, indicating a rigorous approach to financial management. Furthermore, the absence of any material diversion of assets underscores its integrity in handling funds.
While Northfield-St Vincent's displays numerous strengths, user feedback may not be as readily available, which could limit insights into the organization’s impact from the beneficiaries' perspective. Nonetheless, the high program expense ratio of 86.75% reflects the majority of its budget being allocated directly to programs, signifying a strong focus on mission-driven work.
This AI summary has been generated from information found on Charity Navigator.
Is Northfield-St Vincent's Housing Development Fund Company Inc legitimate?
Northfield-St Vincent's Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northfield-St Vincent's Housing Development Fund Company 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:
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Other Salaries and Wages: $147,109
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What is the mission statement of Northfield-St Vincent's Housing Development Fund Company Inc?
Northfield-St Vincent's Housing Development Fund Company Inc's mission is centered around providing housing and related services to the economically disadvantaged elderly population on a nonprofit basis. Specifically, the organization operates a Section 202 HUD-financed multifamily housing project, which currently houses 72 elderly residents. This initiative aims to enhance the living conditions of the elderly, offering them a supportive environment.
Who is the CEO of Northfield-St Vincent's Housing Development Fund Company Inc?
Matthew Janeczko is the Chairperson of Northfield-St Vincent's Housing Development Fund Company Inc.
What is the revenue of Northfield-St Vincent's Housing Development Fund Company Inc?
Northfield-St Vincent's Housing Development Fund Company Inc's revenue in 2022 was $1,162,000.
Who are the executives of Northfield-St Vincent's Housing Development Fund Company Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Northfield-St Vincent's Housing Development Fund Company Inc?
Northfield-St Vincent's Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northfield-St Vincent's Housing Development Fund Company Inc
Northfield-St Vincent's Housing Development Fund Company Inc, as a nonprofit organization, is dedicated to providing housing and related services for the elderly on a charitable basis. This mission is carried out through the ownership and operation of a Section 202 HUD-financed multifamily housing project specifically designed for the elderly. With 72 units available, this project serves as a home for the economically disadvantaged elderly population, offering them a secure and supportive living environment. The organization's primary goal is to contribute to the well-being of this vulnerable group by providing them with a place to live and necessary resources, all while operating on a nonprofit basis.
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Impact
October, 2024
Northfield-St Vincent's Housing Development Fund Company Inc plays a crucial role in providing affordable housing for the elderly in Staten Island, NY. By owning and operating a HUD-financed multifamily project, the organization manages 72 housing units specifically designed for low-income elderly residents. This initiative directly addresses the housing crisis faced by vulnerable populations, ensuring that seniors have access to safe and stable living conditions.
In addition to offering housing, the organization likely provides related services that enhance the quality of life for its residents. These services may include assistance with daily activities, social programs, and access to healthcare resources, all of which contribute to the well-being of the elderly community. By fostering a supportive environment, Northfield-St Vincent's not only meets essential housing needs but also promotes social inclusion and dignity for its residents. Overall, the organization's impact extends beyond mere shelter, creating a vibrant community where elderly individuals can thrive.
This information is meant to be a general summary of Northfield-St Vincent's Housing Development Fund Company 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: $2,063
- Program Service Revenue: $1,157,301
- Gross Receipts: $1,162,000
Assets and Liabilities:
- Total Assets: $3,334,412
- Total Liabilities: $109,519
- Net Assets: $3,224,893
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$940,047
TENANT RENTAL PAYMENTS
Revenue
$216,596
COVID-19 SUPPLEMENTAL
Revenue
$658
Organization Details
Founding Year
1995
Phone
(718) 477-6803Principal Officer
Matthew Janeczko
Main Address
150 BRIELLE AVENUE, STATEN ISLAND, NY, 103146424
NTEE Category
Code: L220 - Housing
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