Overview
What is Syracuse Model Neighborhood Corporation?
The Syracuse Model Neighborhood Corporation is a nonprofit organization situated in Syracuse, New York, specifically at 1721 South Salina Street. Their primary objective is to strengthen and foster resilient, diverse communities. They achieve this by promoting economic growth, encouraging creative community-driven initiatives, and providing high-quality housing services in the neighborhoods they serve. Their core activity involves the rental and sale of housing units to families with low to moderate incomes.
Official website here: www.syracusemnc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Syracuse Model Neighborhood Corporation has received a Two-Star rating from Charity Navigator, reflecting a score of 73% based entirely on its Accountability & Finance metrics. This score highlights the organization’s commitment to transparency and governance, evidenced by its independent board composition and thorough financial oversight. However, the overall rating indicates room for improvement, particularly in areas related to policy documentation.
The organization scored well in several key accountability areas, such as having a majority of independent board members and maintaining a strong program expense ratio. Notably, the absence of a whistleblower policy and document retention practices detracts from its operational integrity. Moreover, the high liabilities to assets ratio is concerning, suggesting potential financial risks that need to be addressed.
While Syracuse Model Neighborhood Corporation demonstrates strong programmatic focus and governance, the noted deficiencies in policy documentation and financial stability highlight significant areas that require attention. Ensuring comprehensive policies are in place could help bolster its rating in the future and enhance stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Syracuse Model Neighborhood Corporation legitimate?
Syracuse Model Neighborhood Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Syracuse Model Neighborhood 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: $0
For more financial information, click here
Official website here: www.syracusemnc.org
What is the mission statement of Syracuse Model Neighborhood Corporation?
The Syracuse Model Neighborhood Corporation's mission is centered around enhancing and building resilient, diverse communities. They achieve this by supporting economic growth, fostering creative community-based initiatives, and providing quality housing services in the neighborhoods they serve. Their activities are geared towards strengthening the local economy and improving living conditions, ultimately contributing to the overall resilience of the communities they are involved with.
Official website here: www.syracusemnc.org
Who is the CEO of Syracuse Model Neighborhood Corporation?
Kerry P Quaglia is the Board Chair of Syracuse Model Neighborhood Corporation.
Official website here: www.syracusemnc.org
What is the revenue of Syracuse Model Neighborhood Corporation?
Syracuse Model Neighborhood Corporation's revenue in 2023 was $2,936,118.
Official website here: www.syracusemnc.org
Who are the executives of Syracuse Model Neighborhood Corporation and what are their salaries?
Here are 11 key members and their salaries:
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- Related: $143,737
- Other: $15,800
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- Related: $75,447
- Other: $16,718
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- Related: $124,838
- Other: $7,589
Official website here: www.syracusemnc.org
Where can I find the form 990 for Syracuse Model Neighborhood Corporation?
Syracuse Model Neighborhood Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.syracusemnc.org
Learn more at the official website: www.syracusemnc.org
Mission Statement of Syracuse Model Neighborhood Corporation
Syracuse Model Neighborhood Corporation, a dedicated organization, aims to strengthen and foster resilient, diverse communities. It accomplishes this mission by promoting economic growth, encouraging creative community-based initiatives, and providing high-quality housing services within the neighborhoods it serves. The corporation's primary goal is to enhance the living conditions and well-being of low-to-moderate income families through its rental and sales of housing services. By focusing on these areas, Syracuse Model Neighborhood Corporation plays a significant role in uplifting its communities, fostering a sense of unity, and improving the overall quality of life for its residents.
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Impact
October, 2024
Syracuse Model Neighborhood Corporation enhances and builds resilient, diverse communities in Syracuse, NY, by focusing on economic growth and quality housing services. It plays a pivotal role in supporting low to moderate-income families through the rental and sale of affordable housing. By fostering creative community-based initiatives, the organization improves neighborhood dynamics, promoting stability and inclusivity.
The impact of the corporation is evident in the enhanced living conditions it provides, offering families access to safe and affordable housing. This contributes to stronger community ties and encourages local economic development. By prioritizing community resilience, Syracuse Model Neighborhood Corporation not only addresses immediate housing needs but also cultivates a sense of belonging and empowerment among residents, ensuring that all voices are heard and valued in the process of community building.
This information is meant to be a general summary of Syracuse Model Neighborhood 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: $74,820
- Program Service Revenue: $911,277
- Gross Receipts: $2,936,118
Assets and Liabilities:
- Total Assets: $1,113,486
- Total Liabilities: $1,882,252
- Net Assets: -$768,766
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$911,277
Organization Details
Founding Year
1972
Phone
(315) 475-8439Principal Officer
Kerry P Quaglia
Main Address
1721 SOUTH SALINA STREET, SYRACUSE, NY, 13205
Website
www.syracusemnc.orgNTEE Category
Code: L250 - Housing
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