Overview
What is Council Towers Ii Housing Development Fund Corporation C/O Met Council?
Council Towers II Housing Development Fund Corporation C/O Met Council is a nonprofit organization situated in New York, NY. Their primary mission is to offer subsidized low-income apartment rentals specifically designed for senior citizens. This housing assistance aims to support the living needs of senior citizens in the community. The organization is committed to providing a suitable living environment for this demographic, thereby contributing to the well-being of senior citizens in New York.
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 II Housing Development Fund Corporation holds a Two-Star rating from Charity Navigator, primarily based on its Accountability and Finance score of 74%. This score indicates a satisfactory level of financial accountability; however, it suggests areas for improvement, especially in the management of liabilities relative to assets.
The organization demonstrates strengths in governance, with a majority of independent board members and a strong audit and oversight committee. They have established key policies like conflict of interest and whistleblower protections, contributing to transparency. Additionally, a high program expense ratio of 88.01% indicates that a significant portion of their funds is directed towards their mission-related activities.
Despite these positive attributes, the nonprofit's liabilities to assets ratio of 303.39% raises concerns regarding financial stability. This suggests the organization may face challenges in managing its debts, which could impact its long-term sustainability. Overall, while there are commendable practices in place, the financial health of Council Towers II warrants closer scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Council Towers Ii Housing Development Fund Corporation C/O Met Council legitimate?
Council Towers Ii Housing Development Fund Corporation C/O Met Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Council Towers Ii Housing Development Fund 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 Ii Housing Development Fund Corporation C/O Met Council?
Council Towers II Housing Development Fund Corporation, in its mission, focuses on providing subsidized and affordable apartment rentals for senior citizens. This organization offers housing assistance to ensure that elderly individuals have access to suitable living spaces. While the specific location is not stated in the provided information, it is known to be based in New York, NY. The corporation's objective is to support senior citizens by offering them affordable housing options.
Official website here: www.metcouncil.org
Who is the CEO of Council Towers Ii Housing Development Fund Corporation C/O Met Council?
David G Greenfield is the Principal Officer of Council Towers Ii Housing Development Fund Corporation C/O Met Council. The CEO's salary of Council Towers Ii Housing Development Fund 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 Ii Housing Development Fund Corporation C/O Met Council?
Council Towers Ii Housing Development Fund Corporation C/O Met Council's revenue in 2022 was $2,088,471.
Official website here: www.metcouncil.org
Who are the executives of Council Towers Ii Housing Development Fund Corporation C/O Met Council and what are their salaries?
There 2 volunteers at Council Towers Ii Housing Development Fund Corporation C/O Met Council.
Here are 7 key members and their salaries (Council Towers Ii Housing Development Fund 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 Ii Housing Development Fund Corporation C/O Met Council?
Council Towers Ii Housing Development Fund 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 Ii Housing Development Fund Corporation C/O Met Council
Council Towers II Housing Development Fund Corporation C/O Met Council is dedicated to providing subsidized low-income apartment rentals specifically for seniors. This nonprofit organization serves the needs of elderly individuals by offering them affordable housing options. By doing so, Council Towers II Housing Development Fund Corporation C/O Met Council aims to contribute to the well-being and comfort of senior citizens, ensuring they have a secure living environment. The organization's mission is to provide housing assistance to senior citizens, making a significant impact on their lives and contributing to their overall well-being.
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Impact
October, 2024
Council Towers II Housing Development Fund Corporation C/O Met Council plays a vital role in providing affordable housing options for seniors in New York City. By offering subsidized low-income apartment rentals, it addresses the critical housing needs of elderly residents, many of whom may be on fixed incomes or facing financial hardships.
This initiative not only ensures access to safe and stable housing but also contributes to the overall well-being of senior citizens. With appropriate housing, seniors can maintain their independence and dignity, while also having access to a supportive community. The provision of housing assistance fosters a sense of security, allowing seniors to focus on their health and quality of life without the constant stress of housing instability. Overall, the impact of Council Towers II extends far beyond mere shelter; it enhances the health and well-being of older adults within the community.
This information is meant to be a general summary of Council Towers Ii Housing Development Fund 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: $18,365
- Program Service Revenue: $2,043,910
- Gross Receipts: $2,088,471
Assets and Liabilities:
- Total Assets: $4,523,515
- Total Liabilities: $13,724,377
- Net Assets: -$9,200,862
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,043,910
Organization Details
Founding Year
1996
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: E91 - Health
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