Overview
What is United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc?
United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc is a not-for-profit organization established in New York, providing affordable housing for elderly and disabled individuals of low income. Financed through the U.S. Department of Housing and Urban Development's Section 202 Supportive Housing for the Elderly program, the organization operates a 65-unit housing project in Queens County. Their mission involves operating a housing project tailored to the physical, social, and psychological needs of these vulnerable individuals, with a goal to enhance their well-being and quality of life. The organization employs a small team of three individuals in its operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (65%)
United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc has received a two-star rating from Charity Navigator, indicating that it needs improvement in its accountability and financial practices. While the organization has strong financial metrics, shown by a high program expense ratio of 92.95%, there are significant concerns regarding transparency and governance policies.
The nonprofit boasts an independent board that meets expectations in some areas, with 57% of members being independent. However, it falls short in critical governance practices, as it lacks essential policies such as conflict of interest and whistleblower policies. Furthermore, important documents, including board meeting minutes and tax forms, are not disclosed on its website, raising concerns about its operational transparency.
Additionally, the organization's financial health is questionable, indicated by a liabilities to assets ratio of 139.40%. This could suggest potential financial instability. Moreover, the compensation of key personnel raises eyebrows, particularly the salary of the President/CEO, which exceeds one million dollars, suggesting a need for more balanced financial management within the organization.
This AI summary has been generated from information found on Charity Navigator.
Is United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc legitimate?
United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc 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: $118,218
For more financial information, click here
What is the mission statement of United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc?
United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc's mission is to provide affordable housing for elderly and disabled individuals with low income. The organization operates a housing project that caters specifically to the physical, social, and psychological needs of its residents, aiming to enhance their health, security, happiness, and overall well-being in their later years. The project is financed through the U.S. Department of Housing and Urban Development, under Section 202 Supportive Housing for the Elderly, and includes 65 units eligible for HUD Section 8 assistance. The entities under HUD regulation are monitored for rental charges and operational methods.
Who is the CEO of United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc?
Stuart C Kaplan is the President/Ceo/Director of United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc. The CEO's salary of United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc is $0 and their total compensation is $1,101,576.
What is the revenue of United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc?
United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc's revenue in 2022 was $1,699,645.
Who are the executives of United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc and what are their salaries?
The average compensation at United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc during 2022 was $39,406. There are 3 employees and 5 volunteers at United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc.
Here are 7 key members and their salaries (United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc's CEO's salary is $0 and their total compensation is $1,101,576):
- Compensation: $0
- Related: $1,023,017
- Other: $78,559
- Compensation: $0
- Related: $354,179
- Other: $62,024
- Compensation: $0
- Related: $203,588
- Other: $58,793
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc?
United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc
United Helpselfhelp Housing For The Elderly Housing Development Fund Company, a not-for-profit organization, was established with a mission to provide affordable housing for elderly and disabled individuals of low income. This mission extends beyond just offering living spaces; the organization is dedicated to addressing the unique physical, social, and psychological needs of its residents. Through the operation of a housing project, United Helpselfhelp Housing provides housing facilities and services specifically designed to promote the health, security, happiness, and usefulness of its residents in longer living. The organization's project, consisting of 65 units, is eligible for HUD Section 8 assistance, demonstrating its commitment to ensuring affordable housing options for its residents. The organization is regulated by the U.S. Department of Housing and Urban Development, which sets guidelines for rent charges and operating methods, ensuring that the needs of its residents are met in a responsible and sustainable manner.
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Impact
October, 2024
United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc significantly impacts the community by providing affordable housing tailored to the needs of elderly and disabled individuals with low incomes in Queens County. The organization operates a dedicated housing project that not only ensures safe and reasonable living accommodations but also prioritizes the physical, social, and psychological well-being of its residents.
By offering 65 housing units eligible for HUD Section 8 assistance, it creates an environment where residents can thrive, fostering health, security, and overall happiness. The organization’s services are designed to support longer, more fulfilling lives, allowing its residents to maintain their independence while accessing essential support. Its commitment to meeting the specific needs of this vulnerable population contributes to the enhancement of their quality of life and promotes a sense of community among residents.
Furthermore, the regulation by HUD regarding rent and operating methods ensures that the housing remains affordable and that residents receive the necessary support for their continued well-being. This focused approach not only helps alleviate housing insecurity but also strengthens the broader community by ensuring that elderly and disabled individuals have opportunities to engage and participate meaningfully in society.
This information is meant to be a general summary of United Helpselfhelp Housing For The Elderly Housing Development Fund Coinc. 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: $1,302
- Program Service Revenue: $156,942
- Gross Receipts: $1,699,645
Assets and Liabilities:
- Total Assets: $5,101,480
- Total Liabilities: $7,129,537
- Net Assets: -$2,028,057
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$156,942
Organization Details
Founding Year
1994
Phone
(212) 971-7600Principal Officer
Stuart C Kaplan
Main Address
520 8TH AVENUE 5TH FLOOR, NEW YORK, NY, 10018
NTEE Category
Code: L22 - Housing
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