Overview
What is Sisters Of Charity Health Care System Housing Development Fund Company Inc?
Sisters Of Charity Health Care System Housing Development Fund Company Inc is a nonprofit organization situated in Staten Island, New York. Their primary mission is to provide housing and related services to the elderly on a nonprofit basis. They achieve this by owning and operating a Section 202 HUD-financed multifamily housing project, which houses 80 elderly individuals. This project aims to ensure that the elderly have access to comfortable and secure living spaces, contributing positively to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Sisters Of Charity Health Care System Housing Development Fund Company Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. The overall score is derived solely from its Accountability & Finance metrics, reflecting strong governance practices and financial health.
The organization displayed excellence in several areas, including a fully independent board, effective oversight of financial statements, and adherence to necessary policies such as conflict of interest and whistleblower protections. With a program expense ratio of 83.90%, it demonstrates a commitment to effectively utilizing funds for its mission-related programs.
While the organization shows robust financial practices and governance, the rating does not reflect qualitative aspects such as community impact or program effectiveness. However, the absence of material diversion of assets and a well-maintained liability to assets ratio further signify financial stability and operational integrity. Overall, Sisters Of Charity Health Care System Housing Development Fund Company Inc appears to be a responsible steward of donor funds.
This AI summary has been generated from information found on Charity Navigator.
Is Sisters Of Charity Health Care System Housing Development Fund Company Inc legitimate?
Sisters Of Charity Health Care System Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sisters Of Charity Health Care System Housing Development Fund Company Inc 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: $158,773
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What is the mission statement of Sisters Of Charity Health Care System Housing Development Fund Company Inc?
Sisters Of Charity Health Care System Housing Development Fund Company Inc's mission is centered around providing housing and related services to the economically disadvantaged elderly population on a non-profit basis. They accomplish this by owning and operating a HUD-financed multi-family housing project specifically designed for elderly individuals. The organization's project, consisting of 80 units, is dedicated to offering a supportive living environment for this specific demographic.
Who is the CEO of Sisters Of Charity Health Care System Housing Development Fund Company Inc?
Matthew Janeczko is the Chairperson of Sisters Of Charity Health Care System Housing Development Fund Company Inc.
What is the revenue of Sisters Of Charity Health Care System Housing Development Fund Company Inc?
Sisters Of Charity Health Care System Housing Development Fund Company Inc's revenue in 2022 was $1,205,065.
Who are the executives of Sisters Of Charity Health Care System Housing Development Fund Company Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Sisters Of Charity Health Care System Housing Development Fund Company Inc?
Sisters Of Charity Health Care System Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sisters Of Charity Health Care System Housing Development Fund Company Inc
Sisters of Charity Health Care System Housing Development Fund Company Inc is dedicated to providing housing and related services to the financially struggling elderly on a non-profit basis. This organization takes pride in owning and operating a Section 202 HUD-financed multifamily housing project specifically designed for the elderly. With a total of 80 units, this project serves as a sanctuary for the elderly, offering them a place to call home. The mission of Sisters of Charity Health Care System Housing Development Fund Company Inc is to ensure that the elderly, who often face financial constraints, have access to affordable housing and the necessary support services they require to maintain their independence and quality of life.
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Impact
October, 2024
Sisters Of Charity Health Care System Housing Development Fund Company Inc significantly impacts the community by providing essential housing for the elderly. The organization owns and operates a HUD-financed multifamily housing project specifically designed for older adults, consisting of 80 units. By focusing on affordable living solutions, it addresses the urgent need for safe and supportive environments for low-income elderly individuals in Staten Island, NY.
In addition to offering housing, the organization facilitates access to related services that enhance the quality of life for its residents. This holistic approach not only improves living conditions but also fosters a sense of community among the elderly, promoting social interaction and support. Overall, the impact of Sisters Of Charity Health Care System Housing Development Fund Company Inc extends beyond mere housing, contributing to the well-being, dignity, and stability of vulnerable populations in the area.
This information is meant to be a general summary of Sisters Of Charity Health Care System Housing Development Fund Company Inc. 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: $8,790
- Program Service Revenue: $1,185,862
- Gross Receipts: $1,205,065
Assets and Liabilities:
- Total Assets: $4,719,764
- Total Liabilities: $199,207
- Net Assets: $4,520,557
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$953,741
TENANT RENTAL PAYMENTS
Revenue
$231,808
COVID-19 SUPPLEMENTAL
Revenue
$313
Organization Details
Founding Year
1999
Phone
(718) 477-6803Principal Officer
Matthew Janeczko
Main Address
150 BRIELLE AVENUE, STATEN ISLAND, NY, 103146424
NTEE Category
Code: L22 - Housing
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