Overview
What is De Sales Assisted Living Development Cor?
De Sales Assisted Living Development Corporation is a nonprofit organization situated in New York City, specifically at 1261 Fifth Avenue, New York, NY 10029. Their primary mission is to provide affordable assisted living apartments for senior citizens, aiming to enable them to live independently rather than in nursing homes. The organization has constructed a 14-story residential building, which houses these apartments, and offers services to support the tenants in their daily lives. The expenses associated with the operation of this project are covered by the corporation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
De Sales Assisted Living Development Corporation has achieved a respectable Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and financial health. The organization boasts a high Program Expense Ratio of 92.89%, indicating that the majority of its expenditures are directed towards charitable programs rather than administrative costs.
The nonprofit's governance structure is strengthened by an independent board, with 88% of its members being independent. Additionally, the organization has robust policies in place, including a conflict of interest policy and a whistleblower policy, both of which contribute to its transparent operations. The financial oversight is commendable, as evidenced by a perfect score in the audit and oversight committee category.
While the rating is positive, it suggests that there may be areas for improvement to reach a higher level of recognition. However, the absence of any material diversion of assets and the documented board meeting minutes indicate a well-managed organization dedicated to maintaining integrity in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is De Sales Assisted Living Development Cor legitimate?
De Sales Assisted Living Development Cor is a legitimate nonprofit organization registered as a 501(c)(3) entity. De Sales Assisted Living Development Cor 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 De Sales Assisted Living Development Cor?
De Sales Assisted Living Development Corporation's mission is centered around providing affordable assisted living apartments for senior citizens. To achieve this, they constructed a 14-story residential building, which is utilized as an assisted living project. The corporation rents these apartments to elderly individuals at an affordable rate. The services provided within the project aim to assist tenants in living independently, thereby preventing the need for nursing home residency. The corporation is responsible for operating and maintaining the property, ensuring the project's expenses are in line with its operation.
Who is the CEO of De Sales Assisted Living Development Cor?
Nicole Atanasio is the Director of De Sales Assisted Living Development Cor. The CEO's salary of De Sales Assisted Living Development Cor is $0 and their total compensation is $239,224.
What is the revenue of De Sales Assisted Living Development Cor?
De Sales Assisted Living Development Cor's revenue in 2022 was $1,724,100.
Who are the executives of De Sales Assisted Living Development Cor and what are their salaries?
There 8 volunteers at De Sales Assisted Living Development Cor.
Here are 10 key members and their salaries (De Sales Assisted Living Development Cor's CEO's salary is $0 and their total compensation is $239,224):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $213,303
- Other: $25,921
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $164,652
- Other: $20,585
Where can I find the form 990 for De Sales Assisted Living Development Cor?
De Sales Assisted Living Development Cor's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of De Sales Assisted Living Development Cor
De Sales Assisted Living Development Corporation is dedicated to providing affordable living solutions for senior citizens in the city. Their mission manifests through the construction and operation of a 14-story residential building, which serves as an assisted living project. This project offers senior citizens the opportunity to rent apartments at affordable rates, enabling them to live independently, avoiding the need for nursing homes. To ensure the tenants' well-being, De Sales Assisted Living Development Corporation provides essential services to assist the seniors in leading self-sufficient lives. By maintaining and overseeing the property's operations, the corporation ensures the project's smooth functioning, contributing to the comfort and independence of its senior residents.
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Impact
October, 2024
De Sales Assisted Living Development Cor significantly enhances the quality of life for senior citizens in New York City by providing affordable assisted living apartments. The corporation operates a 14-story residential building designed specifically for seniors, ensuring that they have access to safe and comfortable housing options. This initiative allows elderly residents to maintain their independence while receiving necessary support services that facilitate their daily living, reducing the need for more costly nursing home care.
By offering affordable rent and dedicated services, De Sales Assisted Living Development Cor addresses the critical housing needs of seniors, contributing to the overall well-being and stability of the community. The project not only supports individual residents in leading fulfilling lives but also alleviates some of the housing pressures faced by senior populations in an urban environment, fostering a more inclusive and supportive community for aging individuals.
This information is meant to be a general summary of De Sales Assisted Living Development Cor. 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: $10,450
- Program Service Revenue: $1,713,650
- Gross Receipts: $1,724,100
Assets and Liabilities:
- Total Assets: $7,374,376
- Total Liabilities: $10,563,567
- Net Assets: -$3,189,191
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,713,650
Organization Details
Founding Year
1998
Phone
(212) 534-6464Principal Officer
Nicole Atanasio
Main Address
1261 FIFTH AVENUE, NEW YORK, NY, 10029
NTEE Category
Code: L20Z - Housing
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