Overview
What is Timon Towers Housing Development Fund Company Inc?
Timon Towers Housing Development Fund Company Inc, situated in Buffalo, New York, is a dedicated nonprofit organization. Their primary mission is to offer affordable housing for elderly, handicapped, and low-income individuals. The company goes beyond just providing shelter, ensuring their facilities and services cater to the residents' physical, social, and psychological needs. Timon Towers is committed to enhancing the quality of life for these individuals, creating a supportive community environment.
Official website here: www.deltadevelopmentwny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Timon Towers Housing Development Fund Company Inc has achieved an 81% rating from Charity Navigator, indicating a solid level of accountability and financial management. The score is derived exclusively from its accountability and finance practices, which are rated highly, underscoring the organization’s commitment to transparency and responsible stewardship of funds.
The organization boasts an exceptional record of governance, with a fully independent board and effective oversight mechanisms in place. It demonstrates strong financial practices, including a high program expense ratio of over 73%, which suggests that a significant portion of its funding goes directly toward its mission-related activities rather than administrative costs. The presence of key policies, such as those for conflict of interest and whistleblowing, further strengthens its governance framework.
While the organization shows a strong commitment to financial accountability, the data does not provide insights into its programmatic impact or community outreach effectiveness. Future evaluations might benefit from additional metrics that examine the tangible outcomes of its services within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Timon Towers Housing Development Fund Company Inc legitimate?
Timon Towers Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Timon Towers Housing Development Fund Company 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: $227,106
For more financial information, click here
Official website here: www.deltadevelopmentwny.org
What is the mission statement of Timon Towers Housing Development Fund Company Inc?
Timon Towers Housing Development Fund Company's mission is centered around providing affordable housing for individuals who are elderly, handicapped, or of low income. The company goes beyond just offering living spaces; it focuses on addressing the complete spectrum of their residents' needs, encompassing their physical, social, and psychological well-being. By doing so, Timon Towers aims to create an environment that fosters their overall well-being and quality of life.
Official website here: www.deltadevelopmentwny.org
Who is the CEO of Timon Towers Housing Development Fund Company Inc?
Deacon Steve Schumer is the President of Timon Towers Housing Development Fund Company Inc.
Official website here: www.deltadevelopmentwny.org
What is the revenue of Timon Towers Housing Development Fund Company Inc?
Timon Towers Housing Development Fund Company Inc's revenue in 2022 was $1,169,831.
Official website here: www.deltadevelopmentwny.org
Who are the executives of Timon Towers Housing Development Fund Company Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.deltadevelopmentwny.org
Where can I find the form 990 for Timon Towers Housing Development Fund Company Inc?
Timon Towers Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.deltadevelopmentwny.org
Learn more at the official website: www.deltadevelopmentwny.org
Mission Statement of Timon Towers Housing Development Fund Company Inc
Timon Towers Housing Development Fund Company is a nonprofit organization dedicated to providing low-income housing for elderly, handicapped, and financially struggling individuals. Their mission is to create and maintain housing facilities that cater to the physical, social, and psychological needs of their residents. By offering these services, Timon Towers aims to enhance the quality of life for those in need, providing them with a safe and supportive environment. The company's commitment extends beyond just offering housing; they strive to create a sense of community within their facilities, fostering a sense of belonging and well-being among their residents.
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Impact
October, 2024
Timon Towers Housing Development Fund Company Inc plays a crucial role in addressing housing needs for elderly, handicapped, and low-income individuals in Buffalo, NY. By providing low-income housing options, they help to alleviate the challenges faced by vulnerable populations who may struggle to find affordable and accessible living environments.
The housing facilities and associated services offered by Timon Towers are designed to meet the physical, social, and psychological needs of residents. This holistic approach not only ensures safe and stable housing but also fosters a sense of community and support among residents, enhancing their overall quality of life. By focusing on these needs, Timon Towers contributes to the wellbeing of individuals who may otherwise face isolation and hardship.
Overall, Timon Towers Housing Development Fund Company Inc significantly impacts the local community by promoting inclusive housing that empowers individuals to lead fulfilling lives while maintaining their dignity and independence.
This information is meant to be a general summary of Timon Towers Housing Development Fund Company 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 2022.
- Investment Income: $1,185
- Program Service Revenue: $1,115,399
- Gross Receipts: $1,169,831
Assets and Liabilities:
- Total Assets: $3,228,704
- Total Liabilities: $3,464,407
- Net Assets: -$235,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$744,862
RENTAL INCOME
Revenue
$370,537
Organization Details
Founding Year
1976
Phone
(716) 847-1635Principal Officer
Deacon Steve Schumer
Main Address
525 WASHINGTON STREET, BUFFALO, NY, 14203
Website
www.deltadevelopmentwny.orgNTEE Category
Code: L22 - Housing
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