Overview
What is Council Towers Iv Housing Development Fund Corporation C/O Met Council?
Council Towers Iv Housing Development Fund Corporation C/O Met Council is a nonprofit organization located in New York City, specifically at 77 Water Street, 26th Floor. Their primary mission is to offer housing assistance to senior citizens and low-income individuals. They achieve this by providing subsidized rental apartments, ensuring affordable living options for this demographic. By doing so, they contribute to the overall well-being and stability of these communities.
Official website here: www.metcouncil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Council Towers IV Housing Development Fund Corporation C/O Met Council has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and finance practices, there are significant areas needing improvement. The organization scores an impressive 100% for accountability and finance, showcasing robust governance practices, including a conflict of interest policy and a whistleblower policy.
However, the nonprofit faces challenges concerning its financial health, notably a concerning liabilities to assets ratio of 262.54%, which raises questions about its financial stability. Additionally, while the majority of board members are independent, the board size lacks the necessary number of independent members to fully meet best practice standards. Furthermore, the absence of the tax form on the nonprofit's website detracts from transparency efforts.
Despite these limitations, Council Towers IV appears to efficiently allocate its resources towards programs, achieving a program expense ratio of 90.52%. This suggests that the majority of its funding is directed towards fulfilling its mission. Overall, while the organization has strong governance structures, urgency remains in addressing financial health and transparency issues to enhance its rating and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Council Towers Iv Housing Development Fund Corporation C/O Met Council legitimate?
Council Towers Iv Housing Development Fund Corporation C/O Met Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Council Towers Iv Housing Development Fund Corporation 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 Iv Housing Development Fund Corporation C/O Met Council?
The Council Towers Iv Housing Development Fund Corporation C/O Met Council's mission is centered around providing assistance for senior citizens and individuals with low income. Their primary activity involves offering subsidized rental apartments to cater to this demographic. The organization's ultimate goal is to make housing more accessible for these groups, thereby contributing to their well-being and quality of life. By offering subsidized rentals, they aim to alleviate the financial burden associated with housing for these individuals, thereby ensuring they can maintain a stable living environment.
Official website here: www.metcouncil.org
Who is the CEO of Council Towers Iv Housing Development Fund Corporation C/O Met Council?
David G Greenfield is the Principal Officer of Council Towers Iv Housing Development Fund Corporation C/O Met Council. The CEO's salary of Council Towers Iv Housing Development Fund Corporation 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 Iv Housing Development Fund Corporation C/O Met Council?
Council Towers Iv Housing Development Fund Corporation C/O Met Council's revenue in 2022 was $1,551,486.
Official website here: www.metcouncil.org
Who are the executives of Council Towers Iv Housing Development Fund Corporation C/O Met Council and what are their salaries?
There 2 volunteers at Council Towers Iv Housing Development Fund Corporation C/O Met Council.
Here are 7 key members and their salaries (Council Towers Iv Housing Development Fund Corporation 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 Iv Housing Development Fund Corporation C/O Met Council?
Council Towers Iv Housing Development Fund Corporation 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 Iv Housing Development Fund Corporation C/O Met Council
Council Towers Iv Housing Development Fund Corporation C/O Met Council is dedicated to providing affordable housing solutions for senior citizens and low-income individuals. Their mission is to offer subsidized rental apartments, ensuring that these vulnerable groups have access to safe and comfortable living spaces. By providing housing assistance, this organization aims to enhance the quality of life for these individuals, offering them a sense of stability and security.
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Impact
October, 2024
Council Towers IV Housing Development Fund Corporation C/O Met Council plays a crucial role in addressing the housing needs of seniors and low-income individuals in New York City. By providing subsidized rental apartments, it alleviates the financial burden on these vulnerable populations, enabling them to secure stable housing. This initiative enhances the quality of life for residents by offering them safe and affordable living spaces, which is essential for maintaining their independence and dignity.
The impact extends beyond individual residents; it also contributes to the broader community by fostering social cohesion and stability. By ensuring that seniors and low-income individuals have access to affordable housing, this initiative helps reduce homelessness and housing insecurity in the area. Furthermore, it supports the overall mission of improving the living conditions for marginalized groups, ultimately promoting inclusivity and community well-being.
This information is meant to be a general summary of Council Towers Iv Housing Development Fund Corporation 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: $10,952
- Program Service Revenue: $1,533,355
- Gross Receipts: $1,551,486
Assets and Liabilities:
- Total Assets: $5,274,610
- Total Liabilities: $13,848,221
- Net Assets: -$8,573,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVNUE
Revenue
$1,533,355
Organization Details
Founding Year
1997
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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