Overview
What is Eugene Smilovic Housing Development Fund Corporation?
Eugene Smilovic Housing Development Fund Corporation is a benevolent organization, established under the laws of New York State, with a primary focus on charitable activities. Its mission is centered around constructing and managing senior housing projects. Specifically, it developed the Eugene Smilovic Arms, a 79-unit residential complex comprising 78 one-bedroom rental units and a manager's unit, situated at 280 East 1201H Street, New York, New York. The corporation operates with a dedicated team of 44 employees, working towards the betterment of the senior community in the Bronx, New York.
Official website here: www.midbronx.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating
Eugene Smilovic Housing Development Fund Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement in its organizational practices. With an overall score of 70%, the nonprofit demonstrates strengths in areas such as its commitment to independent governance, as 66% of its board members are independent. Additionally, the organization excels in financial management, scoring full points for an audit of its financial statements and showing no material diversion of assets.
However, there are notable weaknesses that contribute to its lower rating. The organization lacks a whistleblower policy, which is essential for accountability, and its tax form is not available on its website, limiting transparency. Furthermore, the liabilities to assets ratio is concerning at 182.37%, which suggests potential financial instability. While the program expense ratio is high at 80.29%, indicating a significant portion of funds is directed toward programs, the overall financial health and governance practices require attention for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Eugene Smilovic Housing Development Fund Corporation legitimate?
Eugene Smilovic Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eugene Smilovic 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: $330,289
For more financial information, click here
Official website here: www.midbronx.org
What is the mission statement of Eugene Smilovic Housing Development Fund Corporation?
The Eugene Smilovic Housing Development Fund Corporation was established with a charitable purpose, specifically to develop a senior housing project. This project is aimed at providing suitable living accommodations for senior citizens. The corporation operates under the laws of New York and its focus is on developing and managing the Eugene Smilovic Arms, a 79-unit senior housing project, which includes 78 one-bedroom rental units and one manager's unit. The corporation's primary objective is to contribute to the well-being of senior citizens by providing them with comfortable and suitable living spaces.
Official website here: www.midbronx.org
Who is the CEO of Eugene Smilovic Housing Development Fund Corporation?
Jeanette Puryear is the Chairman of Eugene Smilovic Housing Development Fund Corporation.
Official website here: www.midbronx.org
What is the revenue of Eugene Smilovic Housing Development Fund Corporation?
Eugene Smilovic Housing Development Fund Corporation's revenue in 2022 was $1,317,495.
Official website here: www.midbronx.org
Who are the executives of Eugene Smilovic Housing Development Fund Corporation and what are their salaries?
The average compensation at Eugene Smilovic Housing Development Fund Corporation during 2022 was $7,507. There are 44 employees and 2 volunteers at Eugene Smilovic Housing Development Fund Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $212,418
- Other: $33,717
Official website here: www.midbronx.org
Where can I find the form 990 for Eugene Smilovic Housing Development Fund Corporation?
Eugene Smilovic Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midbronx.org
Learn more at the official website: www.midbronx.org
Mission Statement of Eugene Smilovic Housing Development Fund Corporation
Eugene Smilovic Housing Development Fund Corporation, a non-profit organization established under New York state laws, was established with a charitable purpose. The organization's mission is centered around the development of a senior housing project, specifically at 280 East 170th Street, Bronx, NY. While the text does not provide explicit details about the organization's broader objectives or its impact on the community, it is clear that Eugene Smilovic Housing Development Fund Corporation focuses on creating and managing senior housing, as evidenced by the mention of the Eugene Smilovic Arms, a 79-unit project consisting of 78 one-bedroom rental units and one manager's unit. This project, while not specified in the text, can be inferred as being part of the organization's charitable mission. In summary, Eugene Smilovic Housing Development Fund Corporation is dedicated to providing senior housing solutions, as demonstrated by its development of the Eugene Smilovic Arms.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Eugene Smilovic Housing Development Fund Corporation plays a significant role in addressing the housing needs of seniors in the Bronx. By developing the Eugene Smilovic Arms, a 79-unit housing project, the organization provides a vital resource for elderly residents seeking safe, affordable, and accessible living conditions. The project consists of 78 one-bedroom rental units, specifically designed to cater to the needs of seniors, along with a manager's unit to ensure proper oversight and maintenance of the facility.
Located at 280 East 170th Street, this initiative not only enhances the local community by providing essential housing options but also fosters a sense of belonging and support among senior residents. The development contributes to the overall well-being of seniors by creating a supportive environment tailored to their unique needs, thereby promoting independence while also encouraging social interactions among residents. Overall, the Corporation's efforts significantly impact the quality of life for seniors in the Bronx, addressing pressing housing challenges in the area.
This information is meant to be a general summary of Eugene Smilovic 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.
- Program Service Revenue: $1,317,455
- Gross Receipts: $1,317,495
Assets and Liabilities:
- Total Assets: $4,034,243
- Total Liabilities: $7,493,139
- Net Assets: -$3,458,896
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,317,455
Organization Details
Founding Year
1997
Phone
(718) 588-8200Principal Officer
Jeanette Puryear
Main Address
900 GRAND CONCOURSE, BRONX, NY, 10451
Website
www.midbronx.orgNTEE Category
Code: L22Z - Housing
If you are a representative of Eugene Smilovic Housing Development Fund Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.