Overview
What is Clinton Complex Housing Development Fund Corporation?
Clinton Complex Housing Development Fund Corporation is a nonprofit organization situated in the South Bronx, New York. Their primary mission is to offer safe, clean, and affordable housing options for families with low to moderate income. They are dedicated to improving living conditions in this specific area, aiming to provide a secure and comfortable environment for those who might otherwise face housing challenges. Their activities are centered around this goal, ensuring that the housing they provide is both safe and cost-effective.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
The Clinton Complex Housing Development Fund Corporation has received a low rating of 33% from Charity Navigator, which translates to a Zero-Star rating. This rating is largely based on the charity’s performance in the Accountability & Finance beacon, highlighting substantial weaknesses in key operational areas. While the organization boasts a strong independent board composition with 83% of members independent, it faces critical deficiencies in transparency and fiscal responsibility.
Strengths identified include the absence of any material diversion of assets and maintaining proper documentation of board meeting minutes. However, the charity's performance is significantly impacted by missing policies such as those for conflict of interest and whistleblower protections, which are essential for accountability. Additionally, the charity's program expense ratio is notably low at 22.68%, indicating that a smaller portion of its expenses is allocated to its programs compared to administrative costs.
The absence of essential documentation on its website further detracts from the charity's overall score, with missing items including the tax form and policies required for good governance practices. Overall, while the organization demonstrates some strengths in governance, its significant shortcomings in financial management and transparency raise concerns about its operational effectiveness and accountability to donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Clinton Complex Housing Development Fund Corporation legitimate?
Clinton Complex Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clinton Complex 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: $0
For more financial information, click here
What is the mission statement of Clinton Complex Housing Development Fund Corporation?
The Clinton Complex Housing Development Fund Corporation's mission is to provide housing solutions for families with modest incomes. Specifically, their goal is to offer safe, clean, and affordable living spaces to these families. Their operations are focused on the South Bronx area in New York. The organization's primary objective is to make housing accessible and affordable for families who might otherwise struggle with this essential need.
Who is the CEO of Clinton Complex Housing Development Fund Corporation?
Valerie Torres is the Chairperson of Clinton Complex Housing Development Fund Corporation.
What is the revenue of Clinton Complex Housing Development Fund Corporation?
Clinton Complex Housing Development Fund Corporation's revenue in 2022 was $26,672.
Who are the executives of Clinton Complex Housing Development Fund Corporation and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $37,538
- Other: $0
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- Related: $153,077
- Other: $0
- Compensation: $0
- Related: $111,923
- Other: $0
Where can I find the form 990 for Clinton Complex Housing Development Fund Corporation?
Clinton Complex Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clinton Complex Housing Development Fund Corporation
Clinton Complex Housing Development Fund Corporation is dedicated to providing a vital service within its mission. This nonprofit organization aims to offer safe, clean, and affordable housing to families with low and moderate incomes. By doing so, it contributes significantly to the well-being of its community, ensuring that residents have a secure and suitable living environment. The corporation's primary goal is to make a difference in the lives of those who may not otherwise have access to such housing options.
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Impact
August, 2024
Clinton Complex Housing Development Fund Corporation's impact lies in its provision of safe, clean, and affordable housing to low-income families in the South Bronx, New York. By offering a place to call home at a cost that is manageable for those with limited financial means, this organization plays a vital role in addressing the housing needs of the community. Through their mission to provide housing options to low and moderate-income families, they contribute to creating a more stable and supportive environment for residents in the Bronx. This impact is crucial in promoting the well-being and economic stability of individuals and families who might otherwise struggle to find suitable housing options.
This information is meant to be a general summary of Clinton Complex 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: $26,672
- Gross Receipts: $26,672
Assets and Liabilities:
- Total Assets: $878,245
- Total Liabilities: $10,800
- Net Assets: $867,445
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Organization Details
Founding Year
1995
Phone
(718) 842-6440Principal Officer
Valerie Torres
Main Address
1945 VYSE AVENUE, BRONX, NY, 10460
NTEE Category
Code: L21 - Housing
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