Overview
What is Victor Sanchez Housing Development Fund Corporation?
Victor Sanchez Housing Development Fund Corporation is a nonprofit organization situated in New York, specifically at 1652 Amsterdam Avenue, New York, NY 10031. Its primary mission is to address housing-related issues among low-income families, the homeless, and disadvantaged individuals. By providing housing services, the organization aims to alleviate the congestion and overcrowding that often plague housing for the impoverished. This nonprofit organization is dedicated to creating housing opportunities for those in need, contributing to a more equitable living environment for the community. With a team of only two employees, the organization continues its mission to support the most vulnerable segments of society.
Official website here: www.whgainc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
The Victor Sanchez Housing Development Fund Corporation has earned a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The organization scored 75% overall, which is derived entirely from its accountability and finance metrics. The nonprofit has demonstrated strong governance practices, including an independent board and the absence of material asset diversions.
Strengths noted in the evaluation include a fully independent board, documented board meeting minutes, and the presence of a conflict of interest and whistleblower policy. The program expense ratio is also commendable at 74.40%, indicating that a significant portion of expenses is directed towards its programs. However, the organization faces challenges with a high liabilities-to-assets ratio of 205.34%, which raises concerns regarding financial sustainability.
Additionally, the organization has not posted its tax forms on its website, which is a requirement according to its own Form 990, indicating an area for improvement in transparency. These factors combined provide a nuanced view of the nonprofit, highlighting both its strengths in governance and accountability as well as areas needing attention for better financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Victor Sanchez Housing Development Fund Corporation legitimate?
Victor Sanchez Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Victor Sanchez 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: $53,783
For more financial information, click here
Official website here: www.whgainc.org
What is the mission statement of Victor Sanchez Housing Development Fund Corporation?
The Victor Sanchez Housing Development Fund Corporation was established with the mission to alleviate housing issues among underprivileged families, mentally disadvantaged individuals, and the homeless. Its primary objective is to reduce overcrowding in housing and provide suitable living accommodations for those in need. The organization offers housing services to help relieve congestion in housing among the impoverished and extends housing opportunities to the homeless and other disadvantaged persons.
Official website here: www.whgainc.org
Who is the CEO of Victor Sanchez Housing Development Fund Corporation?
Donaln C Notice is the Secretary of Victor Sanchez Housing Development Fund Corporation.
Official website here: www.whgainc.org
What is the revenue of Victor Sanchez Housing Development Fund Corporation?
Victor Sanchez Housing Development Fund Corporation's revenue in 2022 was $474,938.
Official website here: www.whgainc.org
Who are the executives of Victor Sanchez Housing Development Fund Corporation and what are their salaries?
The average compensation at Victor Sanchez Housing Development Fund Corporation during 2022 was $26,892. There are 2 employees and 5 volunteers at Victor Sanchez Housing Development Fund Corporation.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.whgainc.org
Where can I find the form 990 for Victor Sanchez Housing Development Fund Corporation?
Victor Sanchez Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.whgainc.org
Learn more at the official website: www.whgainc.org
Mission Statement of Victor Sanchez Housing Development Fund Corporation
Victor Sanchez Housing Development Fund Corporation, a nonprofit organization, was established with a mission to provide housing solutions for indigent families and alleviate housing congestion and overcrowding among the impoverished, mentally disadvantaged individuals, and the homeless. The organization's primary objective is to offer housing opportunities and relieve the housing crisis among the less fortunate sections of society. By doing so, it aims to improve living conditions and promote a sense of dignity and security for these families and individuals. The corporation's mission is a crucial step towards addressing the pressing issue of housing inequality and ensuring that everyone has access to a safe and decent living environment.
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Impact
July, 2024
Victor Sanchez Housing Development Fund Corporation's impact is felt deeply in the local community as it provides essential housing services to indigent families, relieving congestion and overcrowding among the poor. By offering housing opportunities to the homeless and other disadvantaged persons, the organization plays a crucial role in addressing the pressing issue of homelessness and housing insecurity in New York. Through its dedicated mission of providing housing to those in need, Victor Sanchez Housing Development Fund Corporation brings tangible and meaningful support to vulnerable individuals and families, significantly improving their quality of life.
This information is meant to be a general summary of Victor Sanchez 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: $1,939
- Program Service Revenue: $472,999
- Gross Receipts: $474,938
Assets and Liabilities:
- Total Assets: $1,898,262
- Total Liabilities: $3,897,898
- Net Assets: -$1,999,636
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$472,999
Organization Details
Founding Year
1995
Phone
(212) 862-1399Principal Officer
Donaln C Notice
Main Address
1652 AMSTERDAM AVENUE, NEW YORK, NY, 10031
Website
www.whgainc.orgNTEE Category
Code: L21 - Housing
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