Overview
What is Alma Rangel Gardens Housing Development Fund Company Inc?
Alma Rangel Gardens Housing Development Fund Company Inc is a nonprofit organization situated in New York City, specifically at 11 Park Place, 141st Street. Their primary mission is to provide subsidized, low-income housing for senior citizens, totaling 88 units. Forty of these units are designated for individuals enrolled in the Enriched Housing Program, who may require additional support and food services. The organization is also involved in developing, constructing, and managing housing facilities catering to the elderly and disabled. Employing a team of six individuals, Alma Rangel Gardens is dedicated to enhancing the living conditions and overall well-being of its senior citizen residents.
Official website here: www.nyfsc.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Alma Rangel Gardens Housing Development Fund Company Inc has achieved an 81% rating from Charity Navigator, reflecting a strong focus on accountability and finance. The charity’s high score is primarily derived from its exemplary governance practices, including a fully independent board and robust financial oversight. The organization has demonstrated effective management of resources, with a program expense ratio of 88.60%, indicating a significant portion of funds directed towards its mission.
The nonprofit excels in maintaining transparency, as evidenced by its well-documented policies on conflicts of interest, whistleblower protections, and document retention. These aspects contribute positively to its overall rating, showcasing a commitment to ethical practices and stakeholder trust. The presence of an audit and oversight committee further reinforces its financial integrity.
While the organization has garnered a solid rating, no specific limitations or areas for improvement were noted in the available data. This suggests a generally favorable operational status, with a strong foundation for continued community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Alma Rangel Gardens Housing Development Fund Company Inc legitimate?
Alma Rangel Gardens Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alma Rangel 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: $217,608
For more financial information, click here
Official website here: www.nyfsc.org
What is the mission statement of Alma Rangel Gardens Housing Development Fund Company Inc?
Alma Rangel Gardens Housing Development Fund Company Inc's mission involves developing, constructing, and operating housing and related facilities primarily for the elderly and individuals with disabilities. Their primary focus is on providing 88 units of subsidized, low-income housing. Among the residents, 40 require special assistance and food service as part of the Enriched Housing Program. The company's goal is to enhance the living conditions for these individuals, providing them with a suitable environment.
Official website here: www.nyfsc.org
Who is the CEO of Alma Rangel Gardens Housing Development Fund Company Inc?
Linda Hoffman is the President of Alma Rangel Gardens Housing Development Fund Company Inc. The CEO's salary of Alma Rangel Gardens Housing Development Fund Company Inc is $0 and their total compensation is $0.
Official website here: www.nyfsc.org
What is the revenue of Alma Rangel Gardens Housing Development Fund Company Inc?
Alma Rangel Gardens Housing Development Fund Company Inc's revenue in 2022 was $1,429,880.
Official website here: www.nyfsc.org
Who are the executives of Alma Rangel Gardens Housing Development Fund Company Inc and what are their salaries?
The average compensation at Alma Rangel Gardens Housing Development Fund Company Inc during 2022 was $36,268. There are 6 employees and 7 volunteers at Alma Rangel Gardens Housing Development Fund Company Inc.
Here are 9 key members and their salaries (Alma Rangel Gardens Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $285,600
- Other: $25,497
- 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: $0
- Other: $0
Official website here: www.nyfsc.org
Where can I find the form 990 for Alma Rangel Gardens Housing Development Fund Company Inc?
Alma Rangel 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 Alma Rangel Gardens Housing Development Fund Company Inc
Alma Rangel Gardens Housing Development Fund Company Inc is dedicated to a mission that involves developing, constructing, and operating housing and related facilities primarily for the elderly and individuals with disabilities. This nonprofit organization provides 88 units of subsidized, low-income housing, catering specifically to senior citizens. Among its tenants, 40 individuals are enrolled in the Enriched Housing Program, which requires special assistance and food services. The mission of Alma Rangel Gardens Housing Development Fund Company Inc is to ensure that these individuals have access to safe and affordable housing, providing them with essential support services to enhance their quality of life.
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Impact
October, 2024
Alma Rangel Gardens Housing Development Fund Company Inc significantly enhances the quality of life for senior citizens in New York City by providing 88 units of subsidized, low-income housing. This initiative is particularly impactful for vulnerable populations, as 40 of its tenants benefit from an enriched housing program that offers vital assistance and food services. Located in Harlem, the development not only addresses the critical need for affordable housing but also fosters a supportive community environment tailored to the needs of elderly and handicapped residents. By developing, constructing, and operating these facilities, Alma Rangel Gardens plays a crucial role in ensuring that seniors have access to safe, stable housing, which is essential for their health and well-being.
This information is meant to be a general summary of Alma Rangel 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: $367
- Program Service Revenue: $233,953
- Gross Receipts: $1,429,880
Assets and Liabilities:
- Total Assets: $7,267,495
- Total Liabilities: $10,843,222
- Net Assets: -$3,575,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$233,953
Organization Details
Founding Year
1998
Phone
(212) 962-7653Principal Officer
Linda Hoffman
Main Address
11 PARK PLACE 1416, NEW YORK, NY, 10007
Website
www.nyfsc.orgNTEE Category
Code: P73 - Human services
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