Overview
What is Ncs Housing Development Fund Company Inc Company Inc?
Ncs Housing Development Fund Company Inc Company Inc is a charitable organization based in New York City, specifically at 50 Broadway 1300, with a focus on providing housing solutions for low-income individuals and the homeless. They operate a 65-unit residence located at 211 East 81st Street, primarily accommodating adult homeless individuals referred from various city shelters and programs. The organization's mission is to promote stability and independent living in the community through supportive housing services. These services aim to empower residents to overcome their challenges and integrate into society, ultimately operating on a non-profit basis.
Official website here: www.ncsinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
NCS Housing Development Fund Company Inc has received an 89% score from Charity Navigator, which translates to a Three-Star rating. This score reflects a strong emphasis on accountability and financial management, with all points derived from this single beacon score. The organization demonstrates a solid commitment to transparency, as evidenced by having a majority of independent board members and comprehensive financial oversight practices.
Strengths highlighted in the evaluation include a strong program expense ratio of 100%, indicating that all expenditures are directed towards its programs. Additionally, the organization has implemented multiple policies to ensure ethical governance, including conflict of interest and whistleblower protections. The absence of any material diversion of assets further underscores its financial integrity.
However, the rating also notes limitations regarding the size of the independent board, which consists of only two independent members, thereby affecting its governance score. Despite this, the organization’s overall financial health appears robust, with an excellent liabilities-to-assets ratio of 0.00%. This suggests a sound financial position, albeit with some room for improvement in board independence.
This AI summary has been generated from information found on Charity Navigator.
Is Ncs Housing Development Fund Company Inc Company Inc legitimate?
Ncs Housing Development Fund Company Inc Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ncs Housing Development Fund Company Inc 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: $195,997
For more financial information, click here
Official website here: www.ncsinc.org
What is the mission statement of Ncs Housing Development Fund Company Inc Company Inc?
The Ncs Housing Development Fund Company Inc is established with a charitable purpose, operating on a non-profit basis. Its primary focus is to provide housing for individuals of low income, many of whom are homeless. The corporation carries out its mission by owning, operating, developing, and disposing of housing units. Specifically, it operates a 65-unit residence for single adult homeless and low-income individuals, who are referred from various city programs and the organization's own initiatives for homeless people. Supportive housing services at this residence aim to promote stability and independent living in the community.
Official website here: www.ncsinc.org
Who is the CEO of Ncs Housing Development Fund Company Inc Company Inc?
Ann Shalof is the Chief Executive Officer of Ncs Housing Development Fund Company Inc Company Inc. The CEO's salary of Ncs Housing Development Fund Company Inc Company Inc is $0 and their total compensation is $207,062.
Official website here: www.ncsinc.org
What is the revenue of Ncs Housing Development Fund Company Inc Company Inc?
Ncs Housing Development Fund Company Inc Company Inc's revenue in 2022 was $715,220.
Official website here: www.ncsinc.org
Who are the executives of Ncs Housing Development Fund Company Inc Company Inc and what are their salaries?
There 2 volunteers at Ncs Housing Development Fund Company Inc Company Inc.
Here are 4 key members and their salaries (Ncs Housing Development Fund Company Inc Company Inc's CEO's salary is $0 and their total compensation is $207,062):
- Compensation: $0
- Related: $166,822
- Other: $40,240
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $104,038
- Other: $7,987
Official website here: www.ncsinc.org
Where can I find the form 990 for Ncs Housing Development Fund Company Inc Company Inc?
Ncs Housing Development Fund Company Inc Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ncsinc.org
Learn more at the official website: www.ncsinc.org
Mission Statement of Ncs Housing Development Fund Company Inc Company Inc
Ncs Housing Development Fund Company Inc, as a charitable organization, is dedicated solely to the purpose of owning, operating, developing, and disposing of housing on a non-profit basis. Their mission is centered around providing housing for individuals who fall under the category of low income and are otherwise homeless. This organization operates with the intention of making a substantial impact in the lives of these individuals, promoting stability and independent living in the community.
At the heart of Ncs Housing Development Fund Company Inc's operations is their 65-unit residence, which serves as a home for single adult homeless individuals and low-income housing-needy individuals. Residents are referred to this residence from various sources, including the New York City Department of Homeless Services, homeless shelters, and transitional housing programs throughout the city. The organization's supportive housing services, designed for this residence, are strategically implemented to foster stability and independence in the community.
In summary, Ncs Housing Development Fund Company Inc is a charitable organization that focuses on providing housing for low-income individuals and the homeless. Through their 65-unit residence, they offer supportive housing services that aim to promote stability and independent living in the community. The organization's mission is to make a significant impact in the lives of these individuals, offering them a secure and sustainable living environment.
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Impact
October, 2024
NCS Housing Development Fund Company Inc plays a crucial role in addressing homelessness and housing instability in New York City. By operating a 65-unit residence specifically designed for single adults experiencing homelessness and low-income individuals, the organization provides essential support to some of the most vulnerable members of the community.
Residents of the NCS Residence are typically referred from various sources, including the New York City Department of Homeless Services and transitional housing programs. This collaboration ensures that individuals who need assistance the most are prioritized. The supportive housing services offered at the residence are tailored to promote stability and independence, helping residents transition into the community more successfully.
The impact of NCS extends beyond just providing shelter; it fosters a sense of community and belonging among residents. Through its programs, the organization equips individuals with the necessary tools and support systems to achieve independent living, ultimately contributing to the overall well-being of the community. In doing so, NCS Housing Development Fund Company Inc helps to break the cycle of homelessness, offering hope and a pathway to a better life for those in need.
This information is meant to be a general summary of Ncs Housing Development Fund Company Inc 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.
- Program Service Revenue: $219,613
- Gross Receipts: $715,220
Assets and Liabilities:
- Total Assets: $2,215,632
- Total Liabilities: $0
- Net Assets: $2,215,632
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$219,613
Organization Details
Founding Year
2004
Phone
(212) 537-5100Principal Officer
Ann Shalof
Main Address
50 BROADWAY 1301, NEW YORK, NY, 10004
Website
www.ncsinc.orgNTEE Category
Code: L21 - Housing
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