Overview
What is Council Towers Iii Hdfc C/O Met Council?
Council Towers III HDFC C/O Met Council is a nonprofit organization situated in New York City, specifically at 77 Water Street, 26th Floor. Their primary mission is to offer housing assistance, catering to the needs of senior citizens and low-income individuals. They accomplish this by providing subsidized apartment rentals, ensuring affordable housing for those who qualify. The organization operates under the name Council Towers III HDFC C/O Met Council, working tirelessly to make a difference in the lives of those who require housing aid.
Official website here: www.metcouncil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Stars)
Council Towers III HDFC C/O Met Council has received a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance metrics. The organization demonstrates strong financial integrity with a high program expense ratio of 91.51%, indicating that most of its funds are directed towards its programs and mission.
However, the organization faces challenges in board composition, with only two independent board members, which negatively impacted its score in this area. While it maintains comprehensive policies regarding conflict of interest, whistleblowing, and document retention, the high liabilities to assets ratio of 306.26% is a notable concern, suggesting potential financial instability.
Overall, while Council Towers III HDFC C/O Met Council shows solid governance and compliance practices, its financial health and board independence could be areas for improvement to enhance its overall rating and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Council Towers Iii Hdfc C/O Met Council legitimate?
Council Towers Iii Hdfc C/O Met Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Council Towers Iii Hdfc C/O Met Council 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
Official website here: www.metcouncil.org
What is the mission statement of Council Towers Iii Hdfc C/O Met Council?
The mission of Council Towers III HDFC C/O Met Council, as stated, is centered around providing housing assistance. Specifically, this organization aims to offer subsidized apartment rentals for senior citizens who fall under the category of low-income individuals. In essence, their goal is to ensure that elderly individuals with limited financial resources have access to adequate housing. By offering subsidized rentals, Council Towers III HDFC C/O Met Council seeks to alleviate some of the housing-related burdens for these seniors, thereby improving their overall quality of life.
Official website here: www.metcouncil.org
Who is the CEO of Council Towers Iii Hdfc C/O Met Council?
David G Greenfield is the Principal Officer of Council Towers Iii Hdfc C/O Met Council. The CEO's salary of Council Towers Iii Hdfc C/O Met Council is $0 and their total compensation is $650,366.
Official website here: www.metcouncil.org
What is the revenue of Council Towers Iii Hdfc C/O Met Council?
Council Towers Iii Hdfc C/O Met Council's revenue in 2022 was $1,803,899.
Official website here: www.metcouncil.org
Who are the executives of Council Towers Iii Hdfc C/O Met Council and what are their salaries?
There 2 volunteers at Council Towers Iii Hdfc C/O Met Council.
Here are 7 key members and their salaries (Council Towers Iii Hdfc C/O Met Council's CEO's salary is $0 and their total compensation is $650,366):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $147,370
- Other: $14,546
- Compensation: $0
- Related: $108,762
- Other: $1,341
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $597,987
- Other: $52,379
- Compensation: $0
- Related: $140,429
- Other: $6,790
- Compensation: $0
- Related: $257,971
- Other: $2,170
Official website here: www.metcouncil.org
Where can I find the form 990 for Council Towers Iii Hdfc C/O Met Council?
Council Towers Iii Hdfc C/O Met Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.metcouncil.org
Learn more at the official website: www.metcouncil.org
Mission Statement of Council Towers Iii Hdfc C/O Met Council
Council Towers III HDFC C/O Met Council is an organization committed to providing housing assistance. Their mission, in essence, is to offer subsidized apartment rentals for senior citizens who fall under the low-income category. By doing so, this nonprofit aims to contribute to the well-being of elderly individuals, ensuring they have a stable living environment. Their purpose is to make housing more affordable for these senior citizens, thereby enhancing their quality of life. Council Towers III HDFC C/O Met Council's mission is a testament to their dedication to supporting vulnerable populations, specifically low-income seniors, and providing them with the essential housing assistance they require.
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Impact
October, 2024
Council Towers III HDFC C/O Met Council significantly impacts the community by providing subsidized apartment rentals specifically for low-income senior citizens. By focusing on housing assistance, it addresses critical needs for affordable living spaces in New York City, ensuring that seniors and low-income individuals have a safe and stable place to call home. This initiative not only alleviates financial burdens for vulnerable populations but also fosters a sense of community and security among residents. Through its efforts, Council Towers III enhances the quality of life for seniors, allowing them to age in place with dignity and support.
This information is meant to be a general summary of Council Towers Iii Hdfc C/O Met Council. 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: $4,423
- Program Service Revenue: $1,798,829
- Gross Receipts: $1,803,899
Assets and Liabilities:
- Total Assets: $4,160,430
- Total Liabilities: $12,742,123
- Net Assets: -$8,581,693
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,798,829
Organization Details
Founding Year
1999
Phone
(212) 453-9500Principal Officer
David G Greenfield
Main Address
77 WATER STREET 26TH FLOOR, NEW YORK, NY, 10005
Website
www.metcouncil.orgNTEE Category
Code: L200 - Housing
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