Overview
What is The Muhlenberg Community Housing Development Fund Corporation?
The Muhlenberg Community Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 475 Riverside Drive Suite 1244, New York, NY 10115. Their primary mission is to provide supportive housing programs for mentally ill residents in Brooklyn, New York, offering 201 residential units. Their services encompass individual advocacy, counseling, financial awareness, and self-sustainance, ensuring the well-being and independence of their residents. The corporation operates and leases low-income, supportive housing for mentally ill and chronically homeless individuals, aiming to improve their living conditions and overall quality of life. With a workforce of 49 dedicated employees, the Muhlenberg Community Housing Development Fund Corporation plays a vital role in supporting the community's mental health needs.
Official website here: www.lssny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% - Three-Star out of Four Star Rating
The Muhlenberg Community Housing Development Fund Corporation has achieved an overall score of 81%, indicative of a solid performance in accountability and finance. This rating highlights the organization's commitment to maintaining a strong financial oversight framework, as evidenced by its perfect scores in areas such as independent board member representation and audit committee functionality.
Strengths of the organization include a fully independent board, with all members being independent, which supports transparency and effective governance. Additionally, the high program expense ratio (84.52%) demonstrates that a significant portion of its resources is directed toward its mission-related activities, reflecting a focus on operational effectiveness.
However, the organization does face a challenge with its liabilities to assets ratio, which is rated at 0 out of 15 points. This suggests a potential concern regarding financial stability or leverage. While the organization has established strong accountability measures, addressing this financial aspect may be vital for long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The Muhlenberg Community Housing Development Fund Corporation legitimate?
The Muhlenberg Community Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Muhlenberg Community 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: $149,513
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,407,042
For more financial information, click here
Official website here: www.lssny.org
What is the mission statement of The Muhlenberg Community Housing Development Fund Corporation?
The Muhlenberg Community Housing Development Fund Corporation's mission is centered around providing and leasing supportive housing for individuals struggling with mental illness and chronic homelessness. Their primary objective is to operate low-income housing units, offering a sanctuary for these individuals. In addition to housing, they offer a range of supportive services, including individual advocacy, counseling, financial awareness, and self-sustainance programs, aimed at empowering residents to lead independent lives. Their efforts are focused on the mentally ill community in Brooklyn, New York, providing residential units for over 200 individuals in need.
Official website here: www.lssny.org
Who is the CEO of The Muhlenberg Community Housing Development Fund Corporation?
Damyn Kelly is the Board Vice Chair of The Muhlenberg Community Housing Development Fund Corporation. The CEO's salary of The Muhlenberg Community Housing Development Fund Corporation is $0 and their total compensation is $318,959.
Official website here: www.lssny.org
What is the revenue of The Muhlenberg Community Housing Development Fund Corporation?
The Muhlenberg Community Housing Development Fund Corporation's revenue in 2022 was $4,524,127.
Official website here: www.lssny.org
Who are the executives of The Muhlenberg Community Housing Development Fund Corporation and what are their salaries?
The average compensation at The Muhlenberg Community Housing Development Fund Corporation during 2022 was $31,766. There are 49 employees and 4 volunteers at The Muhlenberg Community Housing Development Fund Corporation.
Here are 8 key members and their salaries (The Muhlenberg Community Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $318,959):
- 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: $214,907
- Other: $17,080
- Compensation: $0
- Related: $298,042
- Other: $20,917
- Compensation: $0
- Related: $76,714
- Other: $2,684
- Compensation: $153,861
- Related: $0
- Other: $11,600
Official website here: www.lssny.org
Where can I find the form 990 for The Muhlenberg Community Housing Development Fund Corporation?
The Muhlenberg Community Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lssny.org
Learn more at the official website: www.lssny.org
Mission Statement of The Muhlenberg Community Housing Development Fund Corporation
The Muhlenberg Community Housing Development Fund Corporation is devoted to providing low-income, supportive housing for individuals struggling with mental illness and chronic homelessness. Their mission, in essence, is to operate and lease such housing units, offering a sanctuary for this vulnerable group. The organization's primary objective is to operate and lease low-income, supportive housing, catering specifically to mentally ill and chronically homeless individuals. Within the confines of Brooklyn, New York, this nonprofit provides housing programs for over 200 residents, offering them essential services such as individual advocacy, counseling, financial awareness, and self-sustainance.
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Impact
October, 2024
The Muhlenberg Community Housing Development Fund Corporation significantly impacts the lives of mentally ill and chronically homeless individuals in Brooklyn, New York by providing supportive housing. With 201 residential units, it ensures that vulnerable populations have access to stable living conditions essential for recovery and stability.
In addition to housing, the organization offers a range of vital services, including individual advocacy, counseling, and financial awareness programs. These services help residents develop self-sustenance skills and promote overall well-being, empowering them to take control of their lives. The supportive environment fosters a sense of community, reducing isolation and enhancing the quality of life for residents, which can be transformative in their journey toward mental health and stability.
By addressing both housing and support needs, the Muhlenberg Community Housing Development Fund Corporation plays a crucial role in mitigating homelessness and providing essential resources for the mentally ill community in Brooklyn.
This information is meant to be a general summary of The Muhlenberg Community 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: $5,311
- Program Service Revenue: $1,431,153
- Gross Receipts: $4,524,127
Assets and Liabilities:
- Total Assets: $13,115,267
- Total Liabilities: $14,548,329
- Net Assets: -$1,433,062
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENTAL INCOME
Revenue
$1,431,153
Organization Details
Founding Year
1995
Phone
(212) 870-1132Principal Officer
Damyn Kelly
Main Address
475 RIVERSIDE DRIVE SUITE 1244, NEW YORK, NY, 10115
Website
www.lssny.orgNTEE Category
Code: L99Z - Housing
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