Overview
What is St Vincent's Apartments Housing Development Fund Company Inc?
St. Vincent's Apartments Housing Development Fund Company Inc is a nonprofit organization situated in Albany, New York, specializing in senior housing. Their primary objective is to provide affordable housing options for the elderly community, allowing them to reside in a secure and comfortable environment. This mission-driven organization is dedicated to making a significant impact in the lives of the elderly, offering them a sense of security and independence in their golden years.
Official website here: www.rcda.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Stars)
St Vincent's Apartments Housing Development Fund Company Inc has received a Two-Star rating from Charity Navigator, indicating a fair level of performance with room for improvement. The organization excels in certain areas, such as having a fully independent board and strong financial oversight, evidenced by perfect scores in independent board members and the audit committee. Their program expense ratio is also commendable, suggesting that a significant portion of their budget is directed toward their mission.
However, the organization has notable weaknesses that affect their overall score. Key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy are missing, which raises concerns about governance and transparency. Additionally, the absence of their tax form on the nonprofit's website as required is a significant oversight that could impact public trust.
Though they maintain a solid operational framework, the limitations in governance policies and transparency suggest that improvements are necessary for St Vincent's Apartments Housing Development Fund Company Inc to enhance its accountability and public image. Addressing these gaps could lead to a more favorable rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is St Vincent's Apartments Housing Development Fund Company Inc legitimate?
St Vincent's Apartments Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Vincent's Apartments Housing Development Fund 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: $154,887
For more financial information, click here
Official website here: www.rcda.org
What is the mission statement of St Vincent's Apartments Housing Development Fund Company Inc?
St. Vincent's Apartments Housing Development Fund Company is committed to providing affordable housing for the elderly. Their mission revolves around providing a living space for individuals in their later years who have limited income. This organization strives to ensure that elderly individuals have access to comfortable and suitable living arrangements, without the financial burden often associated with senior housing. This mission is a testament to their dedication to supporting the elderly community, providing them with a place to call home during their golden years.
Official website here: www.rcda.org
Who is the CEO of St Vincent's Apartments Housing Development Fund Company Inc?
Mary Olsen is the Member of St Vincent's Apartments Housing Development Fund Company Inc.
Official website here: www.rcda.org
What is the revenue of St Vincent's Apartments Housing Development Fund Company Inc?
St Vincent's Apartments Housing Development Fund Company Inc's revenue in 2023 was $722,386.
Official website here: www.rcda.org
Who are the executives of St Vincent's Apartments Housing Development Fund Company Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.rcda.org
Where can I find the form 990 for St Vincent's Apartments Housing Development Fund Company Inc?
St Vincent's Apartments Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rcda.org
Learn more at the official website: www.rcda.org
Mission Statement of St Vincent's Apartments Housing Development Fund Company Inc
St. Vincent's Apartments Housing Development Fund Company Inc is dedicated to providing affordable housing for the elderly. This nonprofit organization, based on its mission statement, aims to offer shelter and living spaces for elderly individuals who may have limited financial resources. By focusing on low-income housing, St. Vincent's Apartments Housing Development Fund Company Inc seeks to ensure that elderly individuals can age with dignity and independence, without the added stress of financial insecurity. The organization's mission is a testament to its commitment to supporting vulnerable members of society, particularly the elderly, who may require specialized care and accommodations.
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Impact
October, 2024
St Vincent's Apartments Housing Development Fund Company Inc plays a crucial role in addressing the housing needs of low-income seniors in Albany, NY. By providing affordable housing options specifically designed for the elderly, the organization helps ensure that senior citizens have access to safe, stable, and supportive living environments. This not only contributes to the well-being and quality of life of residents but also fosters a sense of community among seniors.
Moreover, the availability of low-income housing for the elderly alleviates financial burdens, allowing residents to allocate their limited resources to other essential needs such as healthcare, nutrition, and social activities. By focusing on this demographic, St Vincent's Apartments helps combat issues associated with senior homelessness and housing insecurity, ultimately enhancing the overall health and stability of older adults within the community. Through its efforts, the organization supports the dignity and independence of seniors, creating a positive and lasting impact on the community.
This information is meant to be a general summary of St Vincent's Apartments Housing Development Fund 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 2023.
- Investment Income: $8,721
- Program Service Revenue: $165,126
- Gross Receipts: $722,386
Assets and Liabilities:
- Total Assets: $4,060,770
- Total Liabilities: $2,447,182
- Net Assets: $1,613,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$165,126
Organization Details
Founding Year
1978
Phone
(518) 459-0183Principal Officer
Mary Olsen
Main Address
41 NORTH MAIN AVENUE, ALBANY, NY, 12203
Website
www.rcda.orgNTEE Category
Code: L22 - Housing
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