Overview
What is La Casa Nuestra Housing Development Fund Corporation?
La Casa Nuestra Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 413 East 120th Street, Suite 403. Established with a mission to serve, it provides affordable rental housing for individuals and families with low income on a non-profit basis. The organization's primary objective is to provide a living space for those in financial need, contributing to the community by offering housing solutions. With a team of 15 dedicated individuals, La Casa Nuestra HDFC is committed to making a positive impact in the lives of those they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Stars)
La Casa Nuestra Housing Development Fund Corporation has received a two-star rating from Charity Navigator, indicating some concerns, particularly in its financial health. While the organization scores well in accountability and transparency, with all board members being independent and appropriate financial oversight in place, its liabilities to assets ratio is notably high, raising questions about its financial stability.
The organization has demonstrated strengths in its governance practices, such as maintaining a conflict of interest policy and documenting board meeting minutes. Additionally, it effectively utilizes its program expenses, with a program expense ratio of 100%, reflecting a commitment to its mission. However, the high salaries of key personnel may be a point of contention among stakeholders, potentially impacting public perception.
Despite these challenges, the organization has shown no material diversion of assets, indicating a solid commitment to its financial integrity. While the high liabilities suggest a need for closer financial management, the strengths in governance and program expenditure highlight areas where the organization is performing well.
This AI summary has been generated from information found on Charity Navigator.
Is La Casa Nuestra Housing Development Fund Corporation legitimate?
La Casa Nuestra Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Casa Nuestra 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: $367,698
For more financial information, click here
What is the mission statement of La Casa Nuestra Housing Development Fund Corporation?
La Casa Nuestra Housing Development Fund Corporation was established with a mission to offer affordable rental housing on a non-profit basis, catering to individuals and families of low income. The corporation's primary objective is to provide a living space for those who may not otherwise have access to adequate housing due to financial constraints. By operating on a non-profit basis, the corporation aims to make housing more accessible and affordable for those in need. The corporation's activities are centered around providing rental housing, with the goal of improving the living conditions of its residents and contributing to the overall well-being of the community.
Who is the CEO of La Casa Nuestra Housing Development Fund Corporation?
Lymaris Albors is the President of La Casa Nuestra Housing Development Fund Corporation. The CEO's salary of La Casa Nuestra Housing Development Fund Corporation is $0 and their total compensation is $815,276.
What is the revenue of La Casa Nuestra Housing Development Fund Corporation?
La Casa Nuestra Housing Development Fund Corporation's revenue in 2022 was $2,886,835.
Who are the executives of La Casa Nuestra Housing Development Fund Corporation and what are their salaries?
The average compensation at La Casa Nuestra Housing Development Fund Corporation during 2022 was $24,513. There are 15 employees at La Casa Nuestra Housing Development Fund Corporation.
Here are 15 key members and their salaries (La Casa Nuestra Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $815,276):
- Compensation: $0
- Related: $861,432
- Other: $95,492
- Compensation: $0
- Related: $748,860
- Other: $66,416
- Compensation: $0
- Related: $560,176
- Other: $58,023
- Compensation: $0
- Related: $432,484
- Other: $56,593
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 La Casa Nuestra Housing Development Fund Corporation?
La Casa Nuestra Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of La Casa Nuestra Housing Development Fund Corporation
La Casa Nuestra Housing Development Fund Corporation, a non-profit organization, was established with a primary objective. Its mission is centered around providing affordable rental housing for individuals and families who fall under the low-income bracket. This organization operates on a not-for-profit basis, demonstrating its commitment to assisting those in need of housing. By offering rental properties, La Casa Nuestra aims to contribute positively to the community, ensuring that people of limited financial means have access to a place to call home.
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Impact
October, 2024
La Casa Nuestra Housing Development Fund Corporation significantly impacts communities by providing affordable rental housing for low-income individuals and families in New York City. By focusing on this vulnerable population, the organization addresses critical housing shortages, enabling residents to secure stable, safe living environments. This initiative not only helps alleviate the financial burden of housing costs but also fosters community development and enhances the overall quality of life for those served. Through its commitment to affordable housing, La Casa Nuestra plays a vital role in creating inclusive neighborhoods where families can thrive.
This information is meant to be a general summary of La Casa Nuestra 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: $33,244
- Program Service Revenue: $2,752,135
- Gross Receipts: $2,886,835
Assets and Liabilities:
- Total Assets: $15,922,944
- Total Liabilities: $23,761,602
- Net Assets: -$7,838,658
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,752,135
Organization Details
Phone
(212) 410-7900Principal Officer
Lymaris Albors
Main Address
413 EAST 120TH STREET STE 403, NEW YORK, NY, 10035
NTEE Category
Code: L21 - Housing
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