Overview
What is Corner House Housing Development Fund Corporation?
Corner House Housing Development Fund Corporation is a nonprofit organization situated in New York, specifically at 593 Columbus Avenue, New York, NY 10024. Their primary mission is to provide affordable housing to individuals who meet the criteria for Section 8 and are either mentally disabled or over the age of 55. They operate a housing development project, consisting of 36 units, located at 131 Edgecombe Avenue, New York, New York. The corporation's dedication extends to low-income individuals in need of housing, offering them a safe and supportive living environment. With a workforce of 11 employees, Corner House Housing Development Fund Corporation is committed to making a positive impact in the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Corner House Housing Development Fund Corporation has received a Three-Star rating, indicating a solid performance in accountability and finance, with a score of 79%. The rating is based entirely on its accountability and finance metrics, showcasing a commitment to transparency and effective management of resources.
Strengths highlighted include an independent board composed of 80% independent members and excellent financial practices, such as a high program expense ratio of 93.07%. The organization also adheres to various governance policies, including conflict of interest and whistleblower policies, which contribute positively to its overall accountability score.
However, a notable limitation is the liabilities to assets ratio, which stands at 240.36%, reflecting potential financial risk. While the organization excels in many areas, addressing this financial concern could enhance its overall stability and further improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Corner House Housing Development Fund Corporation legitimate?
Corner House Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corner House 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $224,751
For more financial information, click here
What is the mission statement of Corner House Housing Development Fund Corporation?
The Corner House Housing Development Fund Corporation operates a housing development project, catering to individuals with mental disabilities and those with low income, who are over the age of 55. Their primary mission is to provide housing for Section 8 qualified families, offering a total of 36 units located at 131 Edgecombe Avenue, New York, New York. Their objective is to offer a safe and supportive living environment for this specific demographic, ensuring they have access to suitable housing options.
Who is the CEO of Corner House Housing Development Fund Corporation?
Daniel E Siff is the Secr/Treasurer of Corner House Housing Development Fund Corporation.
What is the revenue of Corner House Housing Development Fund Corporation?
Corner House Housing Development Fund Corporation's revenue in 2022 was $521,005.
Who are the executives of Corner House Housing Development Fund Corporation and what are their salaries?
The average compensation at Corner House Housing Development Fund Corporation during 2022 was $20,432. There are 11 employees and 4 volunteers at Corner House Housing Development Fund Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $303,878
- Other: $12,563
- 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 Corner House Housing Development Fund Corporation?
Corner House Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Corner House Housing Development Fund Corporation
Corner House Housing Development Fund Corporation is an organization dedicated to providing housing solutions. Their primary mission revolves around operating a housing development project, comprising a total of 36 units. This project is designed to cater to two specific groups: individuals who are mentally disabled and low-income individuals over the age of 55. By doing so, Corner House Housing Development Fund Corporation aims to contribute to the housing needs of these groups, offering them a secure and suitable living space. This project is also aligned with the Section 8 housing qualifications, ensuring that eligible families can also benefit from their services.
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Impact
July, 2024
Corner House Housing Development Fund Corporation provides essential housing for mentally disabled and low-income individuals over the age of 55 in New York, NY. Their housing development project offers a total of 36 units, ensuring that these vulnerable populations have a safe and stable place to live. By focusing on providing affordable housing to those in need, the corporation positively impacts the lives of individuals who may otherwise struggle to find suitable accommodation. Their work contributes to supporting the well-being and quality of life of these individuals in the community.
This information is meant to be a general summary of Corner House 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: $10,617
- Program Service Revenue: $352,867
- Gross Receipts: $521,005
Assets and Liabilities:
- Total Assets: $2,153,106
- Total Liabilities: $4,422,389
- Net Assets: -$2,269,283
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$352,867
Organization Details
Founding Year
2012
Phone
(212) 873-6600Principal Officer
Daniel E Siff
Main Address
593 COLUMBUS AVENUE, NEW YORK, NY, 10024
NTEE Category
Code: L21 - Housing
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