Overview
What is Empire Commons Student Housing Inc?
Empire Commons Student Housing Inc is a nonprofit organization headquartered at 1400 Washington Ave UNH 212, Albany, NY 12222. Their primary mission is to construct and operate dormitory facilities for students attending the State University of New York at Albany. The organization focuses on providing accommodation for students, ensuring they have a comfortable living environment to support their academic pursuits.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning a Two-Star out of Four Star rating.
Empire Commons Student Housing Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain areas of accountability and financial management. The organization scored relatively well in program expenses, with 97.15% of its budget allocated to programs, which is a positive sign of its commitment to its mission. However, its overall governance structure reveals significant room for enhancement, particularly with only 33% of board members being independent.
The organization excels in its financial oversight, having achieved full points in audit and oversight committee assessments, as well as in its conflict of interest and whistleblower policies. Nonetheless, it lacks transparency, as indicated by missing its website on the tax form and failing to post its tax documents online. This raises concerns about accessibility and communication with stakeholders.
Overall, while Empire Commons Student Housing Inc demonstrates a strong commitment to its programs, it faces challenges in governance and transparency. Improving board independence and enhancing its online presence could help elevate its accountability and trustworthiness in the eyes of supporters and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Empire Commons Student Housing Inc legitimate?
Empire Commons Student Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Empire Commons Student Housing 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: $0
For more financial information, click here
What is the mission statement of Empire Commons Student Housing Inc?
Empire Commons Student Housing Inc is dedicated to constructing and managing dormitory facilities for students attending the State University of New York. Their primary goal is to provide suitable living spaces for these students. Through their operations, they contribute to the academic community by accommodating the housing needs of the student population. Their mission extends beyond construction, encompassing the management and maintenance of these facilities to ensure a comfortable and productive living experience for the students.
Who is the CEO of Empire Commons Student Housing Inc?
Gerard Marino is the President of Empire Commons Student Housing Inc.
What is the revenue of Empire Commons Student Housing Inc?
Empire Commons Student Housing Inc's revenue in 2023 was $16,481,159.
Who are the executives of Empire Commons Student Housing Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $164,009
- Other: $90,598
- Compensation: $0
- Related: $133,796
- Other: $73,909
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $181,038
- Other: $100,006
- Compensation: $0
- Related: $129,546
- Other: $71,562
- Compensation: $0
- Related: $263,590
- Other: $145,607
Where can I find the form 990 for Empire Commons Student Housing Inc?
Empire Commons Student Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Empire Commons Student Housing Inc
Empire Commons Student Housing Inc, a dedicated organization, is committed to constructing and managing dormitory facilities intended for students enrolled at the State University of New York at Albany. The mission of this esteemed institution goes beyond just housing, as it strives to create an environment tailored for academic success and personal growth for its residents.
The core activity of Empire Commons Student Housing Inc revolves around the development and operation of student dormitories at the prestigious State University of New York at Albany. By providing accommodation for students, the organization facilitates their focus on their academic pursuits and fosters a strong sense of community. The dormitories offer more than just a place to sleep, serving as the foundation for an enriching college experience.
Empire Commons Student Housing Inc's dedication to enhancing students' lives extends beyond the mere provision of housing. By constructing and operating these dormitories, the organization contributes significantly to the vibrant student community at the State University of New York at Albany. The presence of Empire Commons Student Housing Inc's facilities allows students to build lasting friendships, engage in extracurricular activities, and actively participate in campus life.
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Impact
October, 2024
Empire Commons Student Housing Inc plays a crucial role in enhancing the educational experience for students at the State University of New York at Albany by constructing and operating dormitory facilities. By providing safe, comfortable, and accessible housing options, it supports students' academic success and personal development. The availability of on-campus housing fosters a sense of community, encourages social interactions, and helps students integrate into campus life. Additionally, by addressing the housing needs of the student population, Empire Commons contributes to the overall attractiveness of the university, potentially boosting enrollment and retention rates. In summary, its impact extends beyond mere accommodation, influencing the educational environment and community engagement at SUNY Albany.
This information is meant to be a general summary of Empire Commons Student Housing 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: $513,324
- Program Service Revenue: $15,967,835
- Gross Receipts: $16,481,159
Assets and Liabilities:
- Total Assets: $48,469,411
- Total Liabilities: $28,945,449
- Net Assets: $19,523,962
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$15,967,835
Organization Details
Founding Year
2001
Phone
(518) 956-8120Principal Officer
Gerard Marino
Main Address
1400 WASHINGTON AVE UNH 212, ALBANY, NY, 12222
NTEE Category
Code: B114 - Education
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