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Washington House Housing Development Fund Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133974906 ✦ Tarrytown, NY ✦ Designated as a 501(c)(3)

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Overview

What is Washington House Housing Development Fund Corporation?

The Washington House Housing Development Fund Corporation is a nonprofit organization situated in Tarrytown, New York. Its primary mission is to offer consulting, financial resources, and supporting services to organizations that are dedicated to providing affordable housing options for individuals with low income. By providing these essential resources, the corporation aims to contribute to the betterment of housing situations for those in need.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars - Needs Improvement - Overall Score: 67%

The Washington House Housing Development Fund Corporation has received a rating of two stars from Charity Navigator, indicating that it needs improvement. With an overall score of 67%, the organization demonstrates some strengths, particularly in governance, as all board members are independent and there is no material diversion of assets reported. Additionally, the organization has a 100% program expense ratio, signifying that all funds are directed towards its programs.

However, significant weaknesses are evident, especially in accountability and transparency. The organization has not provided any financial statements or posted required documents, such as its tax form, on its website. Furthermore, key policies like conflict of interest and whistleblower policies are missing, which raises concerns about its operational governance and accountability practices.

Overall, while the Washington House Housing Development Fund Corporation shows commitment to its mission through focused program spending, its lack of transparency and missing governance policies suggest areas that need considerable improvement to enhance trust and accountability in its operations.


This AI summary has been generated from information found on Charity Navigator.

Is Washington House Housing Development Fund Corporation legitimate?

Washington House Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington House 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: $0

For more financial information, click here

What is the mission statement of Washington House Housing Development Fund Corporation?

The Washington House Housing Development Fund Corporation serves a mission by offering consulting, financial resources, and supporting services to organizations that provide affordable housing solutions for low-income individuals. Their primary goal is to aid these organizations in meeting the housing needs of their communities. By providing these resources, the Corporation aims to contribute to a more equitable and stable living environment for those who are economically disadvantaged.

What is the revenue of Washington House Housing Development Fund Corporation?

Washington House Housing Development Fund Corporation's revenue in 2023 was $1,053,944.

Who are the executives of Washington House Housing Development Fund Corporation and what are their salaries?

There 10 volunteers at Washington House Housing Development Fund Corporation.

Here are 10 key members and their salaries:


Barbara J Costello (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Sanderson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Harary (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deacon Ray Hill (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Father Robert Gahler (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Minister Mark Mclean (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rev Dr David Randolph Holder (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sister Patricia Russell (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Morris (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pastor Dequincy Hentz (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Washington House Housing Development Fund Corporation?

Washington House Housing Development Fund Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Washington House Housing Development Fund Corporation

Washington House Housing Development Fund Corporation is an organization dedicated to providing assistance to non-profit entities that focus on providing affordable housing solutions for low-income individuals. Their mission is multifaceted, encompassing consulting services, financial resources, and supporting services. By offering these resources, they aim to empower these organizations to effectively address the housing needs of their communities. By doing so, Washington House Housing Development Fund Corporation plays a crucial role in ensuring that individuals with limited financial means have access to safe and affordable housing options.

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Impact




August, 2024

Washington House Housing Development Fund Corporation's impact is substantial in the affordable housing sector. By providing consulting, financial resources, and supporting services to organizations dedicated to offering affordable housing to low-income individuals, this corporation plays a crucial role in addressing housing challenges faced by vulnerable populations. Through their efforts, they help ensure that more people have access to safe and affordable housing options, ultimately contributing to the overall well-being and stability of communities.




This information is meant to be a general summary of Washington House 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.

Revenue
$1,053,944 (2023)
Expenses
$36,457 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $43,427
  • Program Service Revenue: $1,010,517
  • Gross Receipts: $1,053,944

Assets and Liabilities:

  • Total Assets: $16,574,943
  • Total Liabilities: $10,000
  • Net Assets: $16,564,943

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HOUSING SUPPORT SERVICES

Revenue

$1,010,517

Organization Details

Founding Year

1997

Principal Officer

Ron Sanderson

NTEE Category

Code: L20 - Housing

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