Overview
What is St Luke Housing Development Fund Company Inc?
St. Luke Housing Development Fund Company Inc. is a not-for-profit organization, established under New York's Private Housing Finance Law. Their primary mission is to develop, own, and operate a 100-unit housing project, specifically catering to low-income elderly and handicapped individuals. Situated in Oswego, New York, the company is dedicated to providing affordable living solutions for these vulnerable groups. With a workforce of eight employees, St. Luke Housing Development Fund Company Inc. operates in accordance with Section 202 of the Housing Act of 1959, aiming to contribute positively to the community by offering suitable housing solutions.
Official website here: www.christopher-community.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
St Luke Housing Development Fund Company Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. With a score of 81%, the organization demonstrates a commendable commitment to transparency and effective financial management. Key strengths include a fully independent board, scoring 100% for independent board members, and a robust program expense ratio of 75.78%, which reflects a significant portion of its resources directed towards its mission.
The nonprofit has established policies that promote ethical governance, such as a conflict of interest policy and a whistleblower policy, both of which were rated highly. The organization also shows proficiency in audit and financial oversight, earning full points in these areas. Furthermore, it maintains a clear online presence by listing its website on the tax form and documenting board meeting minutes effectively.
While the organization shows strong performance indicators, potential donors or stakeholders may want to consider the overall context of its operations and how it compares to similar organizations. Nevertheless, the solid ratings in accountability and program efficiency suggest that St Luke Housing Development Fund Company Inc is a reliable choice for those interested in supporting its mission.
This AI summary has been generated from information found on Charity Navigator.
Is St Luke Housing Development Fund Company Inc legitimate?
St Luke Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Luke 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: $178,161
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.christopher-community.org
What is the mission statement of St Luke Housing Development Fund Company Inc?
St. Luke Housing Development Fund Company Inc. is a not-for-profit organization established to develop, own, and operate a 100-unit low-income housing project. This project, in accordance with Section 202 of the Housing Act of 1959, is primarily intended for the elderly and individuals with disabilities. The company's mission is centered around providing affordable housing for this specific demographic, aiming to contribute positively to their living circumstances.
Official website here: www.christopher-community.org
Who is the CEO of St Luke Housing Development Fund Company Inc?
Justin Rudgick is the Principal Officer of St Luke Housing Development Fund Company Inc.
Official website here: www.christopher-community.org
What is the revenue of St Luke Housing Development Fund Company Inc?
St Luke Housing Development Fund Company Inc's revenue in 2022 was $1,014,862.
Official website here: www.christopher-community.org
Who are the executives of St Luke Housing Development Fund Company Inc and what are their salaries?
The average compensation at St Luke Housing Development Fund Company Inc during 2022 was $22,270. There are 8 employees and 10 volunteers at St Luke Housing Development Fund Company Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.christopher-community.org
Where can I find the form 990 for St Luke Housing Development Fund Company Inc?
St Luke Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 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 St Luke Housing Development Fund Company Inc
St. Luke Housing Development Fund Company Inc, a not-for-profit corporation, was established with a specific mission. Formed under Article XI of the Private Housing Finance Law of New York, the organization's primary objective is to develop, own, and operate a 100-unit low-income housing project. This project aligns with Section 202 of the Housing Act of 1959, a federal legislation promoting affordable housing for the elderly and handicapped individuals.
In line with this mission, St. Luke Housing Development Fund Company Inc has successfully developed and manages a 100-unit housing project. This project is dedicated to providing affordable housing for low-income elderly and handicapped individuals, offering them a safe and comfortable living space. The company's commitment to this project reflects its dedication to addressing the housing needs of vulnerable populations, ensuring they have access to quality, affordable accommodations.
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. Luke Housing Development Fund Company Inc significantly impacts the Oswego community by providing a vital resource for low-income elderly and handicapped individuals. By owning and operating a 100-unit housing project, it addresses the pressing need for affordable housing in the area, ensuring that some of the most vulnerable populations have access to safe and stable living conditions.
The company is specifically focused on creating an environment that supports the well-being of its residents, fostering a sense of community among individuals who may otherwise face isolation. Through the provision of affordable housing, St. Luke Housing Development Fund Company Inc not only enhances the quality of life for residents but also contributes to the overall economic stability of the region by allowing lower-income households to allocate their resources toward other essential needs.
Moreover, by adhering to the guidelines set forth in the Housing Act of 1959, the organization exemplifies a commitment to sustainable development and responsible management of housing resources, thereby fostering long-term solutions to housing insecurity. Its presence in Oswego highlights the importance of tailored housing solutions within local communities, offering hope and stability to those in need.
This information is meant to be a general summary of St Luke 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: $785
- Program Service Revenue: $1,003,114
- Gross Receipts: $1,014,862
Assets and Liabilities:
- Total Assets: $3,324,741
- Total Liabilities: $5,377,865
- Net Assets: -$2,053,124
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.
TENANT ASSISTANCE PAYM
Revenue
$627,502
RENT NET OF VACANCY
Revenue
$370,024
SPECIAL CLAIMS REVENUE
Revenue
$5,588
Organization Details
Founding Year
1982
Phone
(315) 424-1821Principal Officer
Justin Rudgick
Main Address
131 WEST FIRST STREET, OSWEGO, NY, 13126
NTEE Category
Code: L210 - Housing
If you are a representative of St Luke Housing 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.