Overview
What is St Peter's Italian Church Housing Devel Development Fund Company Inc?
St. Peter's Italian Church Housing Development Fund Company Inc is a nonprofit organization situated in Syracuse, New York, with a specific focus on providing affordable housing for the elderly. The corporation was established with the sole intent of developing, owning, and managing a low-income housing project, in accordance with Section 202 of the National Housing Act. They currently operate a 120-unit project, dedicating their efforts to this cause on a non-profit basis. The company employs a team of seven individuals, committed to ensuring the success and well-being of their housing project.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
St Peter's Italian Church Housing Development Fund Company Inc has achieved a 79% rating from Charity Navigator, reflecting a solid performance in accountability and finance. This score is derived solely from the Accountability & Finance beacon, indicating that the organization adheres to strong financial practices, which are essential for maintaining donor trust and operational integrity.
The organization demonstrates commendable governance with 100% of its board members being independent. It also excels in other key aspects like having an effective audit and oversight committee, a well-structured conflict of interest policy, and solid whistleblower protections. Furthermore, the program expense ratio of approximately 88.63% shows that a significant portion of its funding is directed towards its charitable programs, which is a strong indicator of its commitment to fulfilling its mission.
However, while the overall score is positive, it is derived entirely from the financial aspect and does not encompass other potential areas of performance or impact, which could provide a more comprehensive view of the organization’s effectiveness. As a result, while the financial health appears strong, potential donors might seek additional information on the organization's programs and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is St Peter's Italian Church Housing Devel Development Fund Company Inc legitimate?
St Peter's Italian Church Housing Devel Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Peter's Italian Church Housing Devel 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: $223,682
For more financial information, click here
What is the mission statement of St Peter's Italian Church Housing Devel Development Fund Company Inc?
St. Peter's Italian Church Housing Development Fund Company Inc was established with the sole purpose of developing, owning, and operating a low-income housing project on a non-profit basis, in accordance with Section 202 of the National Housing Act. Their mission is to provide affordable housing for the elderly, operating a 120-unit low-income housing project that caters to this demographic. The company operates on a non-profit basis, aiming to contribute to the housing needs of a section of society that may otherwise struggle to secure adequate living arrangements.
Who is the CEO of St Peter's Italian Church Housing Devel Development Fund Company Inc?
Rev Daniel M Caruso is the President of St Peter's Italian Church Housing Devel Development Fund Company Inc.
What is the revenue of St Peter's Italian Church Housing Devel Development Fund Company Inc?
St Peter's Italian Church Housing Devel Development Fund Company Inc's revenue in 2022 was $1,167,129.
Who are the executives of St Peter's Italian Church Housing Devel Development Fund Company Inc and what are their salaries?
The average compensation at St Peter's Italian Church Housing Devel Development Fund Company Inc during 2022 was $31,955. There are 7 employees and 3 volunteers at St Peter's Italian Church Housing Devel Development Fund Company Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for St Peter's Italian Church Housing Devel Development Fund Company Inc?
St Peter's Italian Church Housing Devel Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Peter's Italian Church Housing Devel Development Fund Company Inc
St. Peter's Italian Church Housing Development Fund Company Inc was established with a singular and specific purpose: to develop, own, and operate a low-income housing project on a non-profit basis, adhering to Section 202 of the National Housing Act. This mission-driven corporation is dedicated to providing affordable housing for the elderly, operating a 120-unit low-income housing project that caters to this demographic. The organization's commitment to this project reflects its dedication to addressing the housing needs of those who are often underserved in the community. By providing a safe and affordable living space for the elderly, St. Peter's Italian Church Housing Development Fund Company Inc contributes to their overall well-being and quality of life. The organization's mission is a testament to its commitment to social responsibility and the betterment of its community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
St. Peter's Italian Church Housing Development Fund Company Inc significantly impacts the community by providing affordable housing solutions for the elderly in Syracuse, NY. With ownership and operation of a 120-unit low-income housing project, the organization addresses a critical need for safe and accessible living options for seniors. By focusing on low-income housing, it helps to reduce homelessness and improve the quality of life for elderly residents, fostering a supportive and inclusive environment. This housing project not only offers shelter but also helps to enhance community stability and ensure that vulnerable populations have a place to call home.
This information is meant to be a general summary of St Peter's Italian Church Housing Devel 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: $490
- Program Service Revenue: $1,126,585
- Gross Receipts: $1,167,129
Assets and Liabilities:
- Total Assets: $3,731,779
- Total Liabilities: $3,184,059
- Net Assets: $547,720
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT SUBSIDIES - HUD
Revenue
$812,257
RENTAL INCOME
Revenue
$314,328
Organization Details
Founding Year
1980
Phone
(315) 424-1821Principal Officer
Rev Daniel M Caruso
Main Address
990 JAMES STREET, SYRACUSE, NY, 13203
NTEE Category
Code: L22 - Housing
If you are a representative of St Peter's Italian Church Housing Devel Development Fund Company Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.