Overview
What is Arbor Hill Development Corporation?
Arbor Hill Development Corporation is a nonprofit organization situated in Albany, New York. Its primary mission is to uplift the community by offering affordable housing options and renovating existing homes, thereby revitalizing the neighborhood. Moreover, they are committed to workforce development and enhancing the overall quality of life in the area. Their initiatives encompass an affordable rental housing program named First Street and community renewal projects.
Official website here: www.arborhilldc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Arbor Hill Development Corporation has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored a perfect 100% for having a fully independent board, as well as high ratings for its audit and oversight practices. With a program expense ratio of over 87%, a significant portion of its resources is directed towards fulfilling its mission.
The nonprofit's transparency and governance are further highlighted by its rigorous policies, including conflict of interest and whistleblower protections, all of which are well-documented and accessible. The organization has no material diversion of assets, indicating sound financial practices and integrity in its operations.
Despite its strengths, potential donors and supporters should always consider additional factors beyond the rating, such as specific program outcomes and community feedback. However, the overall financial health and governance practices of Arbor Hill Development Corporation position it as a trustworthy organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Arbor Hill Development Corporation legitimate?
Arbor Hill Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arbor Hill Development 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: $45,007
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,104
For more financial information, click here
Official website here: www.arborhilldc.org
What is the mission statement of Arbor Hill Development Corporation?
Arbor Hill Development Corporation is committed to providing neighborhood assistance. Their mission encompasses promoting affordable homeownership, offering apartment housing, and revitalizing and restoring housing within the community. Additionally, they are dedicated to workforce development, aiming to improve the overall quality of life in the area. The corporation provides various programs, such as an affordable rental housing program called First Street, as well as community renewal initiatives. Their primary objective is to enhance the living conditions and opportunities for individuals in the community.
Official website here: www.arborhilldc.org
Who is the CEO of Arbor Hill Development Corporation?
Arlene Way is the Executive Di of Arbor Hill Development Corporation.
Official website here: www.arborhilldc.org
What is the revenue of Arbor Hill Development Corporation?
Arbor Hill Development Corporation's revenue in 2023 was $759,644.
Official website here: www.arborhilldc.org
Who are the executives of Arbor Hill Development Corporation and what are their salaries?
The average compensation at Arbor Hill Development Corporation during 2023 was $43,556. There are 2 employees at Arbor Hill Development Corporation.
Here are 8 key members and their salaries:
- Compensation: $45,006
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.arborhilldc.org
Where can I find the form 990 for Arbor Hill Development Corporation?
Arbor Hill Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.arborhilldc.org
Learn more at the official website: www.arborhilldc.org
Mission Statement of Arbor Hill Development Corporation
Arbor Hill Development Corporation is committed to providing neighborhood assistance, with a focus on affordable homeownership, apartment housing, and the restoration and revitalization of housing. The organization's mission is to improve the quality of life in the community. To achieve this, Arbor Hill Development Corporation offers various programs, including an affordable rental housing program called First Street. Additionally, the entity engages in workforce development and community renewal initiatives. By providing these services, Arbor Hill Development Corporation aims to enhance the living conditions and opportunities for the community members.
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Impact
October, 2024
Arbor Hill Development Corporation is dedicated to enhancing neighborhoods through multiple impactful initiatives. By providing affordable homeownership options and apartment housing, it significantly increases accessibility to stable and quality living conditions for community members. The corporation focuses on the restoration and revitalization of housing, which not only improves the aesthetic appeal of the area but also bolsters property values and fosters a sense of pride among residents.
Additionally, Arbor Hill Development Corporation engages in vital workforce development programs, equipping individuals with the skills necessary for employment and economic advancement. This commitment to improving the quality of life in Albany leads to stronger, more vibrant communities, contributing to both social and economic growth in the region. By promoting community renewal initiatives, Arbor Hill plays a crucial role in building a resilient and thriving neighborhood.
This information is meant to be a general summary of Arbor Hill Development 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 2023.
- Investment Income: -$1,642
- Program Service Revenue: $47,841
- Gross Receipts: $811,286
Assets and Liabilities:
- Total Assets: $729,317
- Total Liabilities: $269,585
- Net Assets: $459,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING PROGRAM
Revenue
$47,841
Organization Details
Founding Year
1981
Phone
(518) 463-9993Principal Officer
Arlene Way
Main Address
241 CLINTON AVENUE, ALBANY, NY, 12210
Website
www.arborhilldc.orgNTEE Category
Code: S20 - Community improvement
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