Overview
What is Sixty-Six Washington Street Inc?
Sixty-Six Washington Street Inc, situated in Poughkeepsie, New York, is a dedicated nonprofit organization that focuses on providing affordable housing for low-income senior citizens. Under the mission of offering low income senior housing programs, the organization manages and maintains a total of 135 apartments, catering specifically to the elderly population. Their primary goal is to ensure that senior citizens in need have a safe and comfortable living space.
Official website here: www.interfaithtowers.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 73%, Two-Star out of Four Star rating.
Sixty-Six Washington Street Inc has achieved a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance score of 73%. This score indicates a moderate level of fiscal responsibility, which is essential for potential donors assessing the effectiveness of the organization. The charity received full points for several governance aspects, including having a majority of independent board members and a robust audit and oversight committee.
The organization demonstrates strengths in maintaining an independent board and transparency through its financial statements and policies. It has implemented key governance practices such as conflict of interest and material diversion of assets policies, which are vital for maintaining ethical standards. Its program expense ratio is notably high at 92.64%, suggesting that a significant portion of funds is directed towards its programs rather than administrative costs.
However, the rating is tempered by the absence of a whistleblower policy and document retention and destruction protocols, which could be potential areas for improvement. Additionally, the organization has a high liabilities-to-assets ratio of 115.14%, indicating that its liabilities exceed its assets, which may raise concerns regarding its financial stability. Overall, while Sixty-Six Washington Street Inc shows promise in its governance, there are notable areas that require attention and improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Sixty-Six Washington Street Inc legitimate?
Sixty-Six Washington Street Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sixty-Six Washington Street 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: $372,428
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Official website here: www.interfaithtowers.com
What is the mission statement of Sixty-Six Washington Street Inc?
Sixty- Six Washington Street Inc, through its subsidiary Interfaith Towers, is dedicated to providing low income senior housing programs. Their mission is to manage and maintain 135 apartments specifically for senior citizens who fall under the low income bracket. The primary goal of this organization is to offer a housing solution for this specific demographic, thereby contributing to their well-being in Poughkeepsie, NY. By offering low income senior housing, Interfaith Towers aims to provide a comfortable and supportive living environment for these individuals, thereby enhancing their quality of life.
Official website here: www.interfaithtowers.com
Who is the CEO of Sixty-Six Washington Street Inc?
Mark Denies is the Board Member of Sixty-Six Washington Street Inc.
Official website here: www.interfaithtowers.com
What is the revenue of Sixty-Six Washington Street Inc?
Sixty-Six Washington Street Inc's revenue in 2023 was $1,253,574.
Official website here: www.interfaithtowers.com
Who are the executives of Sixty-Six Washington Street Inc and what are their salaries?
The average compensation at Sixty-Six Washington Street Inc during 2023 was $74,486. There are 5 employees at Sixty-Six Washington Street Inc.
Here are 6 key members and their salaries:
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Official website here: www.interfaithtowers.com
Where can I find the form 990 for Sixty-Six Washington Street Inc?
Sixty-Six Washington Street Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.interfaithtowers.com
Learn more at the official website: www.interfaithtowers.com
Mission Statement of Sixty-Six Washington Street Inc
Sixty-Six Washington Street Inc, specifically its division known as Interfaith Towers, is dedicated to providing low income senior housing programs. Their mission is to manage and maintain 135 apartments, offering a sanctuary for elderly citizens who are financially disadvantaged. The organization's primary objective is to ensure that senior citizens have access to affordable housing, thereby contributing to their overall well-being and quality of life. By providing low income senior housing programs, Sixty-Six Washington Street Inc aims to support the elderly population, enabling them to maintain their independence and dignity in their later years.
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Impact
October, 2024
Sixty-Six Washington Street Inc significantly impacts the community by providing essential housing solutions for low-income senior citizens in Poughkeepsie, NY. Managing and maintaining 135 apartments, it addresses the critical need for affordable housing, enabling seniors to reside in a supportive environment that promotes their well-being and quality of life. By focusing on low-income housing programs, Sixty-Six Washington Street Inc plays a vital role in enhancing the stability and dignity of senior citizens, ensuring they have a secure place to call home. This contributes to the overall health and vibrancy of the community, fostering an inclusive atmosphere where older adults can thrive.
This information is meant to be a general summary of Sixty-Six Washington Street 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 2023.
- Investment Income: $297
- Program Service Revenue: $731,974
- Gross Receipts: $1,253,574
Assets and Liabilities:
- Total Assets: $1,644,680
- Total Liabilities: $1,793,485
- Net Assets: -$148,805
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APPARTMENT RENTALS
Revenue
$731,974
Organization Details
Founding Year
1972
Phone
(845) 452-1172Principal Officer
Mark Denies
Main Address
66 WASHINGTON STREET, POUGHKEEPSIE, NY, 12601
Website
www.interfaithtowers.comNTEE Category
Code: L22Z - Housing
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