Overview
What is Onondaga Apartments Housing Development Fund Company Inc?
Onondaga Apartments Housing Development Fund Company Inc is a nonprofit organization situated in Syracuse, New York. With a mission rooted in affordability, they specialize in developing, managing, and maintaining subsidized housing facilities for low-income elderly and handicapped individuals. Established under the private Housing finance law of the state of New York, this organization has dedicated itself to alleviating housing disparities and ensuring accessibility for those in need.
Official website here: www.christopher-community.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88%, Three-Star out of Four Star rating.
Onondaga Apartments Housing Development Fund Company Inc has received a solid score of 88%, indicating a strong level of accountability and financial health. The charity has a fully independent board, which is crucial for maintaining integrity in governance. Their financial statements are audited, and they have no issues with asset diversion, showcasing their commitment to ethical management.
The organization excels in its program expense ratio, with 92.77% of its expenditures directed toward its programs, reflecting its focus on mission-driven activities. Additionally, the charity has established various policies, such as conflict of interest and whistleblower protections, demonstrating a commitment to transparency and best practices in nonprofit management.
However, the organization has a liabilities to assets ratio of 60.62%, which suggests that it carries a moderate level of debt relative to its assets. This could raise concerns about financial stability in the long term, but overall, the charity's strengths in governance and program spending are notable.
This AI summary has been generated from information found on Charity Navigator.
Is Onondaga Apartments Housing Development Fund Company Inc legitimate?
Onondaga Apartments Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Onondaga Apartments 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: $187,333
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Official website here: www.christopher-community.org
What is the mission statement of Onondaga Apartments Housing Development Fund Company Inc?
The Onondaga Apartments Housing Development Fund Company Inc, as a nonprofit organization, is committed to providing affordable housing for low-income elderly and handicapped individuals. Established under the private Housing finance law of New York, their mission is to develop, own, and operate a housing project, ensuring that these vulnerable groups have access to suitable living accommodations. The company operates as a dedicated entity, striving to make a significant impact in the lives of its tenants by providing them with affordable housing options.
Official website here: www.christopher-community.org
What is the revenue of Onondaga Apartments Housing Development Fund Company Inc?
Onondaga Apartments Housing Development Fund Company Inc's revenue in 2024 was $889,162.
Official website here: www.christopher-community.org
Who are the executives of Onondaga Apartments Housing Development Fund Company Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.christopher-community.org
Where can I find the form 990 for Onondaga Apartments Housing Development Fund Company Inc?
Onondaga Apartments Housing Development Fund Company Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.christopher-community.org
Learn more at the official website: www.christopher-community.org
Mission Statement of Onondaga Apartments Housing Development Fund Company Inc
Onondaga Apartments Housing Development Fund Company, as a nonprofit organization, is dedicated to providing affordable housing for low-income elderly and handicapped individuals. Established under the private Housing finance law of New York, this corporation operates with a mission to offer a suitable living space for those in need. By developing, owning, and managing a low-income housing project, Onondaga Apartments Housing Development Fund Company strives to make a significant difference in the lives of its tenants, ensuring they have access to affordable housing options.
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Impact
October, 2024
Onondaga Apartments Housing Development Fund Company Inc significantly impacts the Syracuse community by offering affordable housing options specifically tailored for low-income elderly and handicapped individuals. By developing, owning, and operating a dedicated housing project, it addresses the critical need for accessible living spaces in which vulnerable populations can thrive. The organization plays a vital role in enhancing the quality of life for these residents, ensuring they have a stable and secure environment. This not only contributes to individual well-being but also fosters a sense of community among tenants, ultimately promoting social inclusion and improved living standards within the neighborhood.
This information is meant to be a general summary of Onondaga Apartments 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 2024.
- Investment Income: $2,625
- Program Service Revenue: $879,199
- Gross Receipts: $889,162
Assets and Liabilities:
- Total Assets: $3,119,811
- Total Liabilities: $1,833,127
- Net Assets: $1,286,684
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$879,199
Organization Details
Founding Year
1980
Principal Officer
Elizabeth Mathers
NTEE Category
Code: L210 - Housing
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