Overview
What is Casella Plaza Housing Development Fund Corporation?
Casella Plaza Housing Development Fund Corporation is a nonprofit organization situated in the South Bronx, New York. Their primary mission is to provide affordable housing for the elderly and handicapped residents of the area, ensuring they have a secure living space. With a dedicated team of 10 individuals, the organization is committed to this cause, making a significant impact in the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning a Two-Star out of Four Star rating
Casella Plaza Housing Development Fund Corporation has received a moderate rating from Charity Navigator, indicating some strengths in its governance but notable weaknesses in transparency and financial management. The organization boasts a high Program Expense Ratio of 94.57%, suggesting that a significant portion of its resources is directed towards its mission, which is a positive aspect of its financial health.
However, the organization faces challenges in its accountability practices. Notably, it lacks a Whistleblower Policy and a Document Retention and Destruction policy, which are critical for organizational integrity. Additionally, the absence of its Tax Form on the nonprofit's website raises concerns about transparency and accessibility of information for stakeholders.
The financial management of Casella Plaza is also a point of concern, as indicated by the high Liabilities to Assets Ratio of 329.29%, which may reflect significant financial obligations. While the board composition is strong with 66% independent members and a solid audit structure, the overall governance score could improve with better transparency measures in place.
This AI summary has been generated from information found on Charity Navigator.
Is Casella Plaza Housing Development Fund Corporation legitimate?
Casella Plaza Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Casella Plaza 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: $158,078
For more financial information, click here
What is the mission statement of Casella Plaza Housing Development Fund Corporation?
Casella Plaza Housing Development Fund Corporation is committed to providing housing for low-income elderly and handicapped individuals residing in the South Bronx. Their primary mission is to ensure these vulnerable groups have access to suitable living spaces. The corporation operates with a goal of enhancing the quality of life for these residents by offering them comfortable and affordable housing options. They are dedicated to serving this specific community, providing them with a secure and nurturing living environment.
Who is the CEO of Casella Plaza Housing Development Fund Corporation?
Valerie Torres is the Chair Person of Casella Plaza Housing Development Fund Corporation.
What is the revenue of Casella Plaza Housing Development Fund Corporation?
Casella Plaza Housing Development Fund Corporation's revenue in 2022 was $1,243,464.
Who are the executives of Casella Plaza Housing Development Fund Corporation and what are their salaries?
The average compensation at Casella Plaza Housing Development Fund Corporation during 2022 was $15,808. There are 10 employees at Casella Plaza Housing Development Fund Corporation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $37,538
- Other: $0
- 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: $153,077
- Other: $0
- Compensation: $0
- Related: $111,923
- Other: $0
Where can I find the form 990 for Casella Plaza Housing Development Fund Corporation?
Casella Plaza Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Casella Plaza Housing Development Fund Corporation
Casella Plaza Housing Development Fund Corporation is dedicated to providing housing for low-income elderly and handicapped individuals residing in the South Bronx. This nonprofit organization's mission is centered around creating a living environment that caters to the specific needs of these vulnerable groups. By offering suitable housing, Casella Plaza seeks to enhance the quality of life for its residents, providing them with a secure and comfortable place to call home.
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Impact
October, 2024
Casella Plaza Housing Development Fund Corporation significantly impacts the South Bronx community by providing vital housing solutions for low-income elderly and handicapped residents. By focusing on the unique needs of these vulnerable populations, the organization addresses critical housing shortages and enhances the quality of life for its occupants. This initiative not only improves individual living conditions but also fosters a sense of community and stability among residents, contributing to the overall betterment of the South Bronx area. Through its efforts, Casella Plaza plays a crucial role in promoting community improvement and ensuring that vulnerable populations have access to safe and affordable housing.
This information is meant to be a general summary of Casella Plaza 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: $1,540
- Program Service Revenue: $1,239,524
- Gross Receipts: $1,243,464
Assets and Liabilities:
- Total Assets: $3,642,198
- Total Liabilities: $11,085,425
- Net Assets: -$7,443,227
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,239,524
Organization Details
Founding Year
1997
Phone
(718) 842-6440Principal Officer
Valerie Torres
Main Address
1945 VYSE AVENUE, BRONX, NY, 10460
NTEE Category
Code: S20Z - Community improvement
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