Overview
What is Catskill Mountain Housing Development Corporation?
Catskill Mountain Housing Development Corporation is a nonprofit organization situated in Catskill, New York. Their primary mission is to facilitate the acquisition, construction, or renovation of properties to offer affordable housing options to elderly residents and individuals with modest income levels. Through various programs, they strive to make housing more accessible, thereby contributing to the well-being of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 67% - Two-Star out of Four Star Rating
Catskill Mountain Housing Development Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance. The organization demonstrates strong accountability in several areas, including an entirely independent board and effective financial oversight. Additionally, it maintains an impressive program expense ratio, suggesting that a significant portion of its funds are allocated directly to its mission-related activities.
However, there are notable weaknesses that affect the overall rating. The organization has a high liabilities to assets ratio, which may raise concerns about financial stability. Furthermore, several critical governance policies, including conflict of interest and whistleblower policies, are missing, which can impact transparency and accountability.
Overall, while Catskill Mountain Housing Development Corporation shows strengths in its commitment to its programs and independent governance, the lack of essential policies and financial concerns suggest areas for improvement. Addressing these limitations could enhance trust and operational effectiveness within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Catskill Mountain Housing Development Corporation legitimate?
Catskill Mountain Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catskill Mountain Housing 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: $65,225
Professional Fundraising Fees: $0
Other Salaries and Wages: $238,445
For more financial information, click here
What is the mission statement of Catskill Mountain Housing Development Corporation?
The Catskill Mountain Housing Development Corporation is committed to offering various programs aimed at procuring, constructing, or renovating structures to provide affordable housing options for the elderly and individuals with low to moderate income. Their mission is to enhance accessibility to housing for these populations, thereby contributing to a more inclusive community. The corporation's initiatives include purchasing, building, and rehabilitating properties to accommodate this specific demographic, thereby promoting affordable living standards.
Who is the CEO of Catskill Mountain Housing Development Corporation?
Trisha Lamb is the Director of Catskill Mountain Housing Development Corporation.
What is the revenue of Catskill Mountain Housing Development Corporation?
Catskill Mountain Housing Development Corporation's revenue in 2022 was $1,073,835.
Who are the executives of Catskill Mountain Housing Development Corporation and what are their salaries?
The average compensation at Catskill Mountain Housing Development Corporation during 2022 was $33,741. There are 9 employees at Catskill Mountain Housing Development Corporation.
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Where can I find the form 990 for Catskill Mountain Housing Development Corporation?
Catskill Mountain Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Catskill Mountain Housing Development Corporation
The Catskill Mountain Housing Development Corporation is an organization dedicated to providing various programs aimed at making affordable housing available to the elderly and individuals with low to moderate income. Their mission is to procure, construct, or renovate structures, thereby expanding the pool of affordable housing options for this demographic. By implementing these initiatives, the corporation strives to contribute positively to the housing landscape, ensuring that a diverse segment of society has access to suitable living arrangements.
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Impact
October, 2024
Catskill Mountain Housing Development Corporation significantly enhances the availability of affordable housing for the elderly and low to moderate-income individuals in Catskill, NY. By implementing various programs aimed at purchasing, building, and rehabilitating structures, the organization directly addresses the critical need for safe and affordable living options within the community.
Their initiatives not only provide housing solutions, but also contribute to the overall vitality of the area by revitalizing neighborhoods and supporting residents who may otherwise struggle to find adequate accommodations. This focus on affordability helps to ensure that vulnerable populations have a stable foundation, fostering a sense of security and community.
Through these efforts, Catskill Mountain Housing Development Corporation plays a crucial role in improving living conditions, promoting economic stability, and supporting the social fabric of Catskill.
This information is meant to be a general summary of Catskill Mountain Housing 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 2022.
- Investment Income: $36
- Program Service Revenue: $260,575
- Gross Receipts: $1,073,835
Assets and Liabilities:
- Total Assets: $411,955
- Total Liabilities: $304,324
- Net Assets: $107,631
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$260,575
Organization Details
Founding Year
1981
Phone
(518) 943-6700Principal Officer
Trisha Lamb
Main Address
448 MAIN STREET, CATSKILL, NY, 12414
NTEE Category
Code: L22Z - Housing
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