Overview
What is Purchase College Foundation Housing Corp?
Purchase College Foundation Housing Corp is a nonprofit organization situated in Purchase, New York. Their primary mission is to support Purchase College, State University of New York, by procuring, leasing, constructing, renovating, and maintaining various facilities, including residential spaces, for the benefit of its students and faculty. To accomplish this, they have constructed a thirteen-building complex, named Alumni Village, on a 7.8-acre land, providing 102 four-bedroom apartments primarily used as student dormitories.
Official website here: www.purchase.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Purchase College Foundation Housing Corp has received an 87% rating from Charity Navigator, earning it a Three-Star designation. This rating is based solely on the organization's performance in Accountability & Finance, indicating a strong emphasis on responsible financial practices. A perfect score in areas like independent board membership and the presence of key governance policies suggests robust oversight and commitment to transparency.
Strengths highlighted include complete independence among board members and excellent scores for their audit and oversight practices, indicating effective management of funds. Additionally, the organization demonstrates a high program expense ratio of 92.26%, reflecting that a significant portion of its resources is directed towards fulfilling its mission rather than administrative costs.
However, there is a notable concern regarding the liabilities to assets ratio, which stands at 62.55%. This may suggest potential financial risks that could impact the organization’s stability and long-term sustainability. Overall, the Purchase College Foundation Housing Corp shows strong accountability, although monitoring its financial health will be essential for future growth.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Purchase College Foundation Housing Corp?
84% of 566 reviewers on Facebook recommend Purchase College Foundation Housing Corp. Here is a summary of their reviews:
Many users express satisfaction with the facilities provided, highlighting that the housing options meet a variety of needs and preferences. Comments suggest that the organization offers a welcoming environment that enhances the college experience.
Overall, the sentiment reflects a positive acknowledgment of the services that the nonprofit provides, indicating that it largely fulfills the expectations of its residents. The organization seems to create a supportive community for students, making it a favorable choice among those seeking housing.
This AI summary has been generated from reviews found on Facebook.
Is Purchase College Foundation Housing Corp legitimate?
Purchase College Foundation Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Purchase College Foundation Housing Corp 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: $1,758,920
For more financial information, click here
Official website here: www.purchase.edu
What is the mission statement of Purchase College Foundation Housing Corp?
The Purchase College Foundation Housing Corp's mission is centered around supporting the objectives of Purchase College, State University of New York. This support is primarily achieved through the acquisition, leasing, construction, renovation, and maintenance of residential and other facilities for the use of the college's students and faculty. The corporation has implemented this mission by constructing a 13-building residential complex known as Alumni Village, which provides housing for 102 four-bedroom apartments, serving as a dormitory for students.
Official website here: www.purchase.edu
What is the revenue of Purchase College Foundation Housing Corp?
Purchase College Foundation Housing Corp's revenue in 2024 was $5,166,057.
Official website here: www.purchase.edu
Who are the executives of Purchase College Foundation Housing Corp and what are their salaries?
There 5 volunteers at Purchase College Foundation Housing Corp.
Here are 6 key members and their salaries:
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Official website here: www.purchase.edu
Where can I find the form 990 for Purchase College Foundation Housing Corp?
Purchase College Foundation Housing Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.purchase.edu
Learn more at the official website: www.purchase.edu
Mission Statement of Purchase College Foundation Housing Corp
Purchase College Foundation Housing Corp, as a nonprofit organization, is dedicated to supporting the objectives of Purchase College, State University of New York. This support primarily involves acquiring, leasing, constructing, renovating, and maintaining various facilities, including residential and non-residential spaces. These facilities are intended for the use of Purchase College's students and faculty.
In line with this mission, Purchase College Foundation Housing Corp has constructed a substantial residential complex on an approximately 7.8-acre land. Known as Alumni Village, this complex comprises 102 four-bedroom apartments, which serve as a dormitory for college students. By providing these facilities, the organization contributes significantly to the overall student experience at Purchase College, enhancing their living conditions and fostering a conducive learning environment.
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Impact
October, 2024
Purchase College Foundation Housing Corp significantly impacts the community by enhancing the living conditions and overall experience for students and faculty at Purchase College, State University of New York. By acquiring, leasing, constructing, renovating, and maintaining residential facilities, the organization has established a supportive environment essential for academic success.
The foundation's most notable achievement is the development of a thirteen-building residential complex known as Alumni Village. This facility, situated on approximately 7.8 acres of land, provides 102 four-bedroom apartments, effectively serving as a dormitory for students. Such accommodations are vital for fostering a sense of community, encouraging collaboration, and enhancing the college experience.
By creating and maintaining these living spaces, Purchase College Foundation Housing Corp plays a crucial role in supporting the educational mission of the college. The availability of adequate housing allows students to focus more on their studies, participate in campus life, and build lasting connections, ultimately contributing to a more enriching educational environment.
This information is meant to be a general summary of Purchase College Foundation Housing Corp. 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 2024.
- Investment Income: $446,102
- Program Service Revenue: $4,719,955
- Gross Receipts: $5,166,057
Assets and Liabilities:
- Total Assets: $14,917,159
- Total Liabilities: $10,092,282
- Net Assets: $4,824,877
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,719,955
Organization Details
Founding Year
1999
Principal Officer
Sarah James
Website
www.purchase.eduNTEE Category
Code: L20 - Housing
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