Overview
What is Sullivan County Community College Dormitory Corporation?
Sullivan County Community College Dormitory Corporation is a nonprofit organization situated in Loch Sheldrake, New York. With a staff of four dedicated individuals, its primary mission is to offer housing facilities for students enrolled at Sullivan County Community College. By operating a dormitory, the corporation aims to provide a convenient and supportive living environment, enabling students to focus on their academic pursuits with ease and comfort.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
Sullivan County Community College Dormitory Corporation has received a 71% rating from Charity Navigator, indicating an average level of accountability and finance management. The organization excels in several areas, including having a fully independent board and strong financial oversight, which reflects a commitment to good governance and transparency in its financial practices.
However, the organization has notable weaknesses, particularly in its financial health, as indicated by a liabilities to assets ratio of 138.19%, signalling potential financial instability. Additionally, the absence of key policies such as a conflict of interest policy and a whistleblower policy raises concerns about governance practices. Furthermore, the lack of its website listed on the tax form diminishes accessibility to important information for stakeholders and potential donors.
Overall, while the Sullivan County Community College Dormitory Corporation demonstrates strengths in its governance structure and program expense ratio, it faces challenges that may affect its financial sustainability and transparency. Stakeholders may want to consider these factors when assessing the organization's overall effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Sullivan County Community College Dormitory Corporation legitimate?
Sullivan County Community College Dormitory Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sullivan County Community College Dormitory 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $256,818
For more financial information, click here
What is the mission statement of Sullivan County Community College Dormitory Corporation?
The Sullivan County Community College Dormitory Corporation is committed to providing housing for students enrolled at Sullivan County Community College. This organization operates with the primary goal of offering suitable living accommodations to support the educational journey of these students. By providing a dormitory, the corporation enables students to focus on their studies without the added burden of securing off-campus housing. This service contributes to the overall college experience, fostering a sense of community and ease of access to college facilities.
Who is the CEO of Sullivan County Community College Dormitory Corporation?
Steve Vegliante is the Chair of Sullivan County Community College Dormitory Corporation.
What is the revenue of Sullivan County Community College Dormitory Corporation?
Sullivan County Community College Dormitory Corporation's revenue in 2022 was $819,026.
Who are the executives of Sullivan County Community College Dormitory Corporation and what are their salaries?
The average compensation at Sullivan County Community College Dormitory Corporation during 2022 was $64,204. There are 4 employees and 5 volunteers at Sullivan County Community College Dormitory Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sullivan County Community College Dormitory Corporation?
Sullivan County Community College Dormitory Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sullivan County Community College Dormitory Corporation
Sullivan County Community College Dormitory Corporation, as its name suggests, is a nonprofit organization dedicated to providing housing solutions for students attending Sullivan County Community College. Their primary mission is to offer a comfortable and conducive living environment for these students, enabling them to focus on their academic pursuits without the distractions or challenges associated with securing appropriate housing. By operating a dormitory, the corporation ensures that students have access to safe, affordable, and convenient housing options, thereby contributing to their overall academic success and well-being. Their activities are centered around this mission, making them an essential part of the educational landscape for students at Sullivan County Community College.
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Impact
October, 2024
Sullivan County Community College Dormitory Corporation significantly enhances the educational experience by providing essential housing for students of Sullivan County Community College. By operating a dormitory, it alleviates housing challenges, allowing students to focus more on their studies and campus life. This living arrangement fosters a supportive community that promotes collaboration, diversity, and engagement among students, which are crucial for their overall development and academic success. Situated in Loch Sheldrake, NY, the corporation plays a vital role in ensuring that students have a stable and conducive environment for learning, ultimately contributing to their educational achievements and personal growth.
This information is meant to be a general summary of Sullivan County Community College Dormitory 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.
- Program Service Revenue: $815,099
- Gross Receipts: $819,026
Assets and Liabilities:
- Total Assets: $6,213,525
- Total Liabilities: $7,969,531
- Net Assets: -$1,756,006
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DORMITORY RENTAL
Revenue
$773,089
APPLICATION FEE INCOME
Revenue
$26,000
PROGRAM INCOME
Revenue
$16,010
Organization Details
Founding Year
1968
Phone
(845) 434-5750Principal Officer
Steve Vegliante
Main Address
112 COLLEGE ROAD, LOCH SHELDRAKE, NY, 12759
NTEE Category
Code: B410 - Education
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