Overview
What is Isla Housing & Development Corp?
Isla Housing & Development Corp, based in Rochester, NY, is a dedicated nonprofit organization that focuses on aiding homeowners and promoting development. They offer neighborhood preservation services to homeowners residing in Monroe County, ensuring the maintenance and improvement of their communities. Additionally, Isla Housing & Development Corp provides affordable owner-occupied homes for families with low incomes, thereby contributing to housing equity and community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Isla Housing & Development Corp has earned an overall rating of 82%, indicating a solid performance in accountability and finance. This score is derived entirely from its financial practices, showcasing its commitment to transparency and effective management of resources. The organization has a well-structured board, with 85% of its members being independent, which contributes to its governance strength.
Key strengths of Isla Housing & Development Corp include a high program expense ratio of 90.27%, reflecting its dedication to utilizing funds for its core mission rather than administrative costs. The organization also demonstrates a strong commitment to financial oversight, as evidenced by a perfect score in audit and oversight practices. Additionally, it has no material diversion of assets, further affirming its responsible financial stewardship.
Limitations are not explicitly noted in the provided data, which suggests that Isla Housing & Development Corp is largely performing well in financial accountability. However, as with any organization, continuous improvement and vigilance are essential to maintain its standing and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Isla Housing & Development Corp legitimate?
Isla Housing & Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Isla Housing & Development Corp 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: $53,718
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,187
For more financial information, click here
What is the mission statement of Isla Housing & Development Corp?
Isla Housing and Development Corporation strives to aid homeowners and foster development through its initiatives. The corporation offers neighborhood preservation services to homeowners in a specific area, typically Monroe County. Furthermore, it provides housing solutions for low-income families by offering owner-occupied homes. In essence, Isla Housing and Development Corp aims to support homeowners and contribute to community development.
Who is the CEO of Isla Housing & Development Corp?
Sonia Nunez is the Chairman of Isla Housing & Development Corp.
What is the revenue of Isla Housing & Development Corp?
Isla Housing & Development Corp's revenue in 2022 was $658,648.
Who are the executives of Isla Housing & Development Corp and what are their salaries?
The average compensation at Isla Housing & Development Corp during 2022 was $25,302. There are 3 employees at Isla Housing & Development Corp.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Isla Housing & Development Corp?
Isla Housing & Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Isla Housing & Development Corp
Isla Housing & Development Corp, a nonprofit organization, is dedicated to aiding homeowners and fostering development within its community. Its mission is twofold. Firstly, it offers neighborhood preservation services to homeowners residing in Monroe County. This involves providing necessary support and resources to help maintain the integrity and livability of these neighborhoods.
Secondly, Isla Housing & Development Corp provides owner-occupied homes for low-income families. This initiative ensures that families in need have access to affordable housing, thereby contributing to the overall development of the community. By providing these services, Isla Housing & Development Corp plays a crucial role in enhancing the living conditions of its residents and promoting sustainable community growth.
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Impact
July, 2024
Isla Housing & Development Corp, based in Rochester, NY, has a significant impact on the community by assisting homeowners and promoting development. Through its programs, Isla Housing & Development Corp provides neighborhood preservation services to homeowners in Monroe County and offers owner-occupied homes for low-income families. This helps to improve the overall quality of housing in the area and supports families in need of affordable housing solutions. The corporation's efforts contribute to the stability and growth of the community, enriching the lives of residents and fostering a stronger, more vibrant neighborhood.
This information is meant to be a general summary of Isla Housing & Development Corp. 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: $13
- Program Service Revenue: $14,820
- Gross Receipts: $658,648
Assets and Liabilities:
- Total Assets: $726,032
- Total Liabilities: $222,719
- Net Assets: $503,313
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTS
Revenue
$14,820
Organization Details
Phone
(585) 544-3486Principal Officer
Sonia Nunez
Main Address
1164 N CLINTON AVE, ROCHESTER, NY, 14621
NTEE Category
Code: L200 - Housing
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