Overview
What is Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc?
Nysd Forsyth Housing Development Fund Company Inc, operating under the management of Fegs Inc, is a nonprofit organization situated in New York City. Their primary mission is to provide housing opportunities for individuals who are deaf, deaf-blind, and disabled, catering to individuals of low income. They have 21 apartment units as part of their program, offering a safe and accessible living environment. The organization's activities are centered around fulfilling this mission, creating a supportive community for this specific population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc has achieved a Three-Star rating from Charity Navigator, reflecting solid overall performance with a score of 75%. The organization demonstrates strong accountability and financial practices, including a completely independent board and excellent oversight of financial statements. The absence of material diversion of assets, along with a listed conflict of interest and whistleblower policies, further enhances its credibility.
The organization excels in its program expense ratio, dedicating 88.62% of its expenses towards programs, which indicates a strong commitment to its mission. However, it has received a score of 0 out of 15 points for its liabilities to assets ratio, suggesting potential concerns regarding financial health and sustainability. While the organization shows strengths in governance and program funding, addressing this financial liability issue could enhance its overall standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc legitimate?
Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nysd Forsyth Housing Development Fund Company Inc C/O Fegs 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: $29,115
For more financial information, click here
What is the mission statement of Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc?
The mission of Nysd Forsyth Housing Development Fund Company Inc, managed by Fegs Inc, is centered around providing housing facilities. Specifically, this organization focuses on accommodating individuals who are deaf, deaf-blind, or disabled, all of whom fall under the low-income bracket. In essence, their primary goal is to ensure housing accessibility for this specific group of individuals, demonstrating a strong commitment to their well-being and welfare. Their housing program currently includes 21 units.
What is the revenue of Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc?
Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc's revenue in 2024 was $1,194,716.
Who are the executives of Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $185,519
- Other: $36,524
- Compensation: $0
- Related: $84,995
- Other: $11,271
- Compensation: $0
- Related: $115,832
- Other: $53,268
Where can I find the form 990 for Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc?
Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc
Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc, as a nonprofit organization, is dedicated to providing housing for individuals who are deaf, deaf-blind, and disabled, falling within the low-income bracket. Their primary mission is to create a living environment that caters specifically to this unique group of individuals, ensuring they have access to suitable housing options. The organization operates a housing program with 21 apartment units, demonstrating their commitment to this cause. The ultimate goal of Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc is to offer a safe and comfortable living space, empowering these individuals to lead independent and fulfilling lives.
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Impact
July, 2024
Nysd Forsyth Housing Development Fund Company Inc C/O Fegs Inc's impact is significant in providing housing for the deaf, deaf-blind, and disabled persons of low income in New York. Their principal purpose is to offer housing specifically tailored to the needs of these individuals, with a housing program consisting of 21 apartment units. By focusing on this underserved demographic, they contribute to increasing accessibility and support for those who require specialized accommodations.
This information is meant to be a general summary of Nysd Forsyth Housing Development Fund Company Inc C/O Fegs 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 2024.
- Investment Income: $17,777
- Program Service Revenue: $1,176,939
- Gross Receipts: $1,194,716
Assets and Liabilities:
- Total Assets: $3,071,715
- Total Liabilities: $2,660,236
- Net Assets: $411,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,176,928
LAUNDRY & VENDING
Revenue
$11
Organization Details
Founding Year
1997
Principal Officer
Judith Pincus
NTEE Category
Code: L22 - Housing
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