Overview
What is River View Gardens Housing Development Fund Company Inc?
River View Gardens Housing Development Fund Company Inc is a nonprofit organization situated in New York City, specifically at 11 Park Place, 1416, New York, NY 10007. Its primary mission is to provide subsidized and affordable housing for senior citizens. This housing development, located in Hunters Point, Queens, offers more than just a place to live; it also provides social and recreational services. Forty-six of its residents are enrolled in the Enriched Housing Program, requiring special assistance and food services. The organization is committed to developing, constructing, and operating housing and related facilities for the elderly and handicapped, serving a total of eight employees.
Official website here: www.nyfsc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
River View Gardens Housing Development Fund Company Inc has received a Three-Star out of Four Star rating from Charity Navigator, with an overall score of 81%. This rating is primarily based on the charity's accountability and finance, indicating a strong emphasis on transparency and responsible financial management. The organization has achieved full marks in several key areas, including having a majority of independent board members and no reported material diversion of assets.
The nonprofit excels in its financial practices, with an impressive program expense ratio of 86.14%, meaning that a significant portion of its expenditures directly supports its programs. Additionally, the presence of a well-documented audit and oversight committee contributes to its solid performance in accountability. The charity also maintains a robust set of policies, ensuring proper governance and ethical standards.
However, the high salaries of key personnel may raise questions among some donors about compensation versus program funding. While this does not detract from the organization’s overall rating, it is a consideration for potential supporters who prioritize alignment between leadership compensation and mission impact. Overall, River View Gardens demonstrates a commitment to accountability and effective program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is River View Gardens Housing Development Fund Company Inc legitimate?
River View Gardens Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. River View Gardens Housing Development Fund Company 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: $211,859
For more financial information, click here
Official website here: www.nyfsc.org
What is the mission statement of River View Gardens Housing Development Fund Company Inc?
River View Gardens Housing Development Fund Company Inc's primary mission is focused on developing, constructing, and managing housing and associated facilities for individuals who are elderly and disabled. This organization provides 80 units of subsidized, low-income housing, catering specifically to senior citizens. In addition to this, the company offers social and recreational services, with 46 of its tenants being enrolled in the Enriched Housing Program, requiring special assistance and food services.
Official website here: www.nyfsc.org
Who is the CEO of River View Gardens Housing Development Fund Company Inc?
Linda Hoffman is the President of River View Gardens Housing Development Fund Company Inc. The CEO's salary of River View Gardens Housing Development Fund Company Inc is $0 and their total compensation is $724,061.
Official website here: www.nyfsc.org
What is the revenue of River View Gardens Housing Development Fund Company Inc?
River View Gardens Housing Development Fund Company Inc's revenue in 2022 was $1,221,185.
Official website here: www.nyfsc.org
Who are the executives of River View Gardens Housing Development Fund Company Inc and what are their salaries?
The average compensation at River View Gardens Housing Development Fund Company Inc during 2022 was $26,482. There are 8 employees and 7 volunteers at River View Gardens Housing Development Fund Company Inc.
Here are 9 key members and their salaries (River View Gardens Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $724,061):
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $692,717
- Other: $31,344
- Compensation: $0
- Related: $285,600
- Other: $25,497
Official website here: www.nyfsc.org
Where can I find the form 990 for River View Gardens Housing Development Fund Company Inc?
River View Gardens Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nyfsc.org
Learn more at the official website: www.nyfsc.org
Mission Statement of River View Gardens Housing Development Fund Company Inc
River View Gardens Housing Development Fund Company Inc, as its mission statement suggests, is dedicated to the development, construction, and operation of housing and related facilities specifically catering to the elderly and individuals with disabilities. This nonprofit organization seeks to provide a living environment that is both affordable and suitable for this demographic, ensuring they have access to subsidized, low-income housing. Within their operations, they prioritise the well-being of their senior citizen and handicapped residents, offering them social and recreational services to enhance their quality of life. Among their tenants, forty-six (46) individuals are enrolled in the Enriched Housing Program, which provides additional support and food services for those who require special assistance.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
River View Gardens Housing Development Fund Company Inc significantly enhances the quality of life for senior citizens in the Hunters Point area of Queens, New York, by providing 80 units of subsidized, low-income housing. This development not only addresses the pressing need for affordable housing for elderly individuals but also fosters a sense of community through various social and recreational services.
A noteworthy aspect of River View Gardens is its commitment to residents requiring additional support, with 46 tenants participating in the enriched housing program. This initiative offers specialized assistance and food services, ensuring that vulnerable seniors receive the care and resources they need to thrive. By developing, constructing, and operating such housing facilities, River View Gardens plays a crucial role in promoting dignity, independence, and improved well-being among the elderly population in the area.
This information is meant to be a general summary of River View Gardens Housing Development Fund Company 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 2022.
- Investment Income: $27
- Program Service Revenue: $225,480
- Gross Receipts: $1,221,185
Assets and Liabilities:
- Total Assets: $9,714,768
- Total Liabilities: $12,220,316
- Net Assets: -$2,505,548
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$225,480
Organization Details
Founding Year
1997
Phone
(212) 962-7653Principal Officer
Linda Hoffman
Main Address
11 PARK PLACE 1416, NEW YORK, NY, 10007
Website
www.nyfsc.orgNTEE Category
Code: L20 - Housing
If you are a representative of River View Gardens Housing Development Fund Company Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.