Overview
What is 351 East 61 Street Housing Development Fund Corporation C/O Met Council?
351 East 61 Street Housing Development Fund Corporation, functioning under the auspices of Met Council, is a nonprofit organization situated at 77 Water Street, 26th Floor, New York, NY 10005. Their primary mission is to offer housing assistance to senior citizens and individuals with low income, aiming to improve their living conditions. The organization is dedicated to this cause, as per their activity and mission descriptions. Their work encompasses providing essential housing support to those in need, contributing positively to the community.
Official website here: www.metcouncil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
The 351 East 61 Street Housing Development Fund Corporation C/O Met Council has received a solid rating of 89%, indicating strong performance in accountability and finance. This rating is based solely on their Accountability & Finance score, reflecting effective management of resources and transparency in operations. The organization demonstrates a commitment to maintaining a majority independent board and has put in place several essential policies, which contribute positively to its governance.
Strengths include a high Program Expense Ratio of 94.66%, suggesting that a significant portion of their funding goes directly towards their programs rather than administrative costs. Furthermore, the organization scored full points in several governance areas, such as having a whistleblower policy and conflict of interest policy, which indicates a robust ethical framework and oversight mechanisms in place. The absence of any material diversion of assets also points to sound financial practices.
While the overall score is strong, users should be aware that the rating is derived entirely from financial metrics. This focus means that potential gaps in areas such as program effectiveness or overall impact are not assessed in this rating. Therefore, while the financial health of the organization appears strong, further evaluation of its program outcomes and community impact would be beneficial for a comprehensive understanding.
This AI summary has been generated from information found on Charity Navigator.
Is 351 East 61 Street Housing Development Fund Corporation C/O Met Council legitimate?
351 East 61 Street Housing Development Fund Corporation C/O Met Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. 351 East 61 Street 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 351 East 61 Street Housing Development Fund Corporation C/O Met Council?
The mission of the organization, identified as 351 East 61 Street Housing Development Fund Corporation C/O Met Council, is centered around providing aid. Specifically, they focus on offering housing assistance to senior citizens and individuals with low income. This commitment is reflected in various aspects of their activities, all aiming to support these vulnerable groups in their housing needs. The organization's mission is to ensure that senior citizens and those with limited financial resources have access to suitable housing solutions, thereby contributing to their overall well-being.
Official website here: www.metcouncil.org
Who is the CEO of 351 East 61 Street Housing Development Fund Corporation C/O Met Council?
David G Greenfield is the Principal Officer of 351 East 61 Street Housing Development Fund Corporation C/O Met Council. The CEO's salary of 351 East 61 Street 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 351 East 61 Street Housing Development Fund Corporation C/O Met Council?
351 East 61 Street Housing Development Fund Corporation C/O Met Council's revenue in 2022 was $670,567.
Official website here: www.metcouncil.org
Who are the executives of 351 East 61 Street Housing Development Fund Corporation C/O Met Council and what are their salaries?
There 2 volunteers at 351 East 61 Street Housing Development Fund Corporation C/O Met Council.
Here are 7 key members and their salaries (351 East 61 Street 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 351 East 61 Street Housing Development Fund Corporation C/O Met Council?
351 East 61 Street 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 351 East 61 Street Housing Development Fund Corporation C/O Met Council
The 351 East 61 Street Housing Development Fund Corporation, affiliated with Met Council, is dedicated to providing housing assistance for senior citizens and low-income individuals. This nonprofit organization's mission is centered around offering support to those in need, ensuring they have access to suitable housing solutions. By extending its services to this specific demographic, the 351 East 61 Street Housing Development Fund Corporation aims to contribute to the well-being and comfort of its beneficiaries, fostering a sense of stability and security in their lives.
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Impact
July, 2024
The impact of 351 East 61 Street Housing Development Fund Corporation C/O Met Council is seen in its provision of housing assistance to senior citizens and low-income individuals in New York. This organization plays a crucial role in addressing the housing needs of vulnerable populations, ensuring they have access to safe and affordable housing. By offering this vital support, 351 East 61 Street Housing Development Fund Corporation C/O Met Council helps enhance the quality of life for seniors and low-income individuals, promoting stability and security in their living situations. Their efforts contribute to building stronger and more resilient communities, empowering individuals to thrive despite financial constraints.
This information is meant to be a general summary of 351 East 61 Street 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: $1,610
- Program Service Revenue: $652,192
- Gross Receipts: $670,567
Assets and Liabilities:
- Total Assets: $8,133,271
- Total Liabilities: $723,725
- Net Assets: $7,409,546
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$652,192
Organization Details
Founding Year
1998
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: L20 - Housing
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