Overview
What is Cecil Housing Development Fund Corporation?
Cecil Housing Development Fund Corporation is a nonprofit organization that specializes in providing permanent supportive and affordable housing. Their primary project is the low-income supportive housing known as the Cecil, which comprises 89 Single Room Occupancy (SRO) units. This housing development offers on-site case management services to its tenants, aiming to support their overall well-being. The organization's mission aligns with the provision of housing for individuals in need, providing them with a secure and supportive environment.
Official website here: www.hsi-ny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Cecil Housing Development Fund Corporation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 66%. While the organization demonstrates solid practices in areas like audit oversight and conflict of interest policies, it struggles with board independence and financial health, reflected in a high liabilities to assets ratio. The board's lack of independent members raises concerns about governance and accountability.
User feedback from Great Nonprofits indicates a mixed perception among the general public, with one reviewer giving it a score of 3. The review highlights a positive impression of the organization's history and the personal connection the reviewer feels, but lacks specific details about the organization's impact or services. This suggests that while there may be community interest, there could be a gap in awareness regarding the nonprofit's offerings.
Overall, while Cecil Housing Development Fund Corporation shows strengths in certain operational areas, significant improvements are needed in governance and financial stability to enhance its credibility and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Cecil Housing Development Fund Corporation legitimate?
Cecil Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cecil Housing Development Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $982,330
For more financial information, click here
Official website here: www.hsi-ny.org
What is the mission statement of Cecil Housing Development Fund Corporation?
The Cecil Housing Development Fund Corporation is committed to providing permanent supportive and affordable housing. One of their projects, known as the Cecil, includes 89 single room occupancy (SRO) housing units and offers on-site case management services to its residential tenants. The organization's mission is centered around offering housing solutions for individuals with lower income, providing them with essential support services.
Official website here: www.hsi-ny.org
Who is the CEO of Cecil Housing Development Fund Corporation?
James M Dill is the Trustee/Treasurer/Exec Dir of Cecil Housing Development Fund Corporation.
Official website here: www.hsi-ny.org
What is the revenue of Cecil Housing Development Fund Corporation?
Cecil Housing Development Fund Corporation's revenue in 2022 was $2,339,933.
Official website here: www.hsi-ny.org
Who are the executives of Cecil Housing Development Fund Corporation and what are their salaries?
The average compensation at Cecil Housing Development Fund Corporation during 2022 was $65,489. There are 15 employees at Cecil Housing Development Fund Corporation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $173,855
- Other: $28,207
- Compensation: $0
- Related: $172,294
- Other: $18,759
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $129,920
- Other: $19,365
- Compensation: $0
- Related: $147,505
- Other: $26,159
- Compensation: $0
- Related: $122,442
- Other: $24,634
- Compensation: $0
- Related: $144,778
- Other: $0
- Compensation: $0
- Related: $126,780
- Other: $0
Official website here: www.hsi-ny.org
Where can I find the form 990 for Cecil Housing Development Fund Corporation?
Cecil Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hsi-ny.org
Learn more at the official website: www.hsi-ny.org
Mission Statement of Cecil Housing Development Fund Corporation
Cecil Housing Development Fund Corporation is dedicated to providing permanent supportive and affordable housing solutions. One of their key projects is the low-income supportive housing unit known as the Cecil. This project comprises 89 Single Room Occupancy (SRO) housing units, offering a living space for those in need. Beyond providing housing, the organization offers onsite case management services to its residential tenants, aiming to support their overall well-being. By offering a combination of housing and supportive services, Cecil Housing Development Fund Corporation is committed to enhancing the lives of its residents, helping them maintain stable living conditions.
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Impact
October, 2024
Cecil Housing Development Fund Corporation significantly impacts the community by providing permanent supportive and affordable housing, specifically through its low-income housing project known as the Cecil. This initiative includes 89 Single Room Occupancy (SRO) units designed to meet the needs of individuals who may require additional support.
In addition to offering quality housing, the organization enhances residents' well-being by providing onsite case management services. These services are crucial for helping tenants navigate various life challenges, ensuring they have access to resources that promote stability and self-sufficiency.
By addressing both housing and support needs, the Cecil Housing Development Fund Corporation plays a vital role in alleviating homelessness and fostering a sense of community among its residents in New York City. The corporation's efforts contribute to the overall betterment of the social fabric, making a lasting difference in the lives of vulnerable populations.
This information is meant to be a general summary of Cecil Housing Development Fund 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: $5,526
- Program Service Revenue: $1,191,331
- Gross Receipts: $2,473,421
Assets and Liabilities:
- Total Assets: $6,579,086
- Total Liabilities: $11,029,894
- Net Assets: -$4,450,808
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,191,331
Organization Details
Founding Year
2007
Phone
(212) 252-9377Principal Officer
James M Dill
Main Address
243 WEST 30TH STREET 2ND FL, NEW YORK, NY, 10001
Website
www.hsi-ny.orgNTEE Category
Code: L21 - Housing
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