Overview
What is The Pavilion Housing Development Fund Corporation?
The Pavilion Housing Development Fund Corporation is a nonprofit organization situated in Bronx, New York, specifically at 2751 Grand Concourse. Its primary mission is to provide affordable housing, catering to the needs of elderly and handicapped individuals with low income. To accomplish this, the organization operates The Pavilion facility, which comprises 46 units, including 42 one-bedroom units for the elderly and 3 specialized units for the mobility-impaired elderly. Furthermore, there's a superintendent unit for managing the entire building. This nonprofit strives to provide supportive housing for its residents, fulfilling its objectives under Section 202 of the Housing Act of 1959, with a dedicated workforce of just two individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
The Pavilion Housing Development Fund Corporation has earned a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. With a score of 79%, the organization demonstrates a commitment to transparency and proper financial management, evidenced by its independent board composition and adherence to key policies such as conflict of interest and whistleblower protections.
The organization excels in maintaining a majority of independent board members and has received full marks for its financial statements being audited. Additionally, it shows a commendable program expense ratio of 92.03%, indicating that a significant portion of its funds is directed toward its mission and programs. This highlights the effectiveness of its resource allocation.
However, the organization faces a notable challenge with its liabilities to assets ratio, which stands at 138.65%. This high ratio may raise concerns regarding financial stability and the ability to meet obligations. Overall, while The Pavilion Housing Development Fund Corporation shows strong accountability practices, attention to its financial health will be crucial for its future sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The Pavilion Housing Development Fund Corporation legitimate?
The Pavilion Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pavilion Housing Development Fund Corporation 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
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Other Salaries and Wages: $41,000
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What is the mission statement of The Pavilion Housing Development Fund Corporation?
The Pavilion Housing Development Fund Corporation's mission is centered around providing supportive housing for elderly and handicapped individuals with low income. This mission is carried out under Section 202 of the Housing Act of 1959. The organization strives to offer affordable housing, with facilities specifically designed to cater to the needs of the elderly and mobility-impaired elderly. The Pavilion, a part of this initiative, comprises 42 one-bedroom units for the elderly, 3 units tailored for the mobility-impaired elderly, and a superintendent unit, totaling 46 units altogether.
Who is the CEO of The Pavilion Housing Development Fund Corporation?
Sister Julia Berdugo is the Vice President of The Pavilion Housing Development Fund Corporation.
What is the revenue of The Pavilion Housing Development Fund Corporation?
The Pavilion Housing Development Fund Corporation's revenue in 2022 was $713,194.
Who are the executives of The Pavilion Housing Development Fund Corporation and what are their salaries?
The average compensation at The Pavilion Housing Development Fund Corporation during 2022 was $20,500. There are 2 employees and 10 volunteers at The Pavilion Housing Development Fund Corporation.
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Where can I find the form 990 for The Pavilion Housing Development Fund Corporation?
The Pavilion Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Pavilion Housing Development Fund Corporation
The Pavilion Housing Development Fund Corporation is committed to providing supportive housing for elderly and handicapped individuals with low income. This mission is aligned with Section 202 of the Housing Act of 1959. The organization's primary goal is to offer affordable housing that caters to the unique needs of this specific population. The Pavilion facility, in particular, includes 42 one-bedroom units designed for the elderly, 3 additional units tailored for the mobility-impaired elderly, and a single superintendent unit, totaling 46 units in all. This housing development aims to provide a safe and supportive environment for its residents, enhancing their quality of life.
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Impact
October, 2024
The Pavilion Housing Development Fund Corporation plays a crucial role in addressing the housing needs of low-income elderly and handicapped individuals in the Bronx, NY. By providing supportive housing options, the corporation significantly enhances the quality of life for a vulnerable population. The facility comprises 42 one-bedroom units tailored for the elderly and an additional 3 units specifically designed for mobility-impaired elderly residents, ensuring that their unique needs are met.
This development not only offers affordable housing but also fosters a sense of community and support among residents, promoting social interaction and reducing feelings of isolation. With one superintendent unit included, the facility maintains a dedicated presence that further enhances resident safety and well-being. Through its commitment to inclusivity and accessibility, The Pavilion plays a pivotal role in improving living conditions for those who might otherwise struggle to find adequate housing, ultimately contributing to a more equitable and supportive community.
This information is meant to be a general summary of The Pavilion Housing Development Fund Corporation. 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: $267
- Program Service Revenue: $573,948
- Gross Receipts: $713,194
Assets and Liabilities:
- Total Assets: $4,483,555
- Total Liabilities: $5,958,008
- Net Assets: -$1,474,453
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$573,948
Organization Details
Founding Year
1999
Phone
(718) 367-3200Principal Officer
Sister Julia Berdugo
Main Address
2751 Grand Concourse, Bronx, NY, 10468
NTEE Category
Code: L20 - Housing
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