Overview
What is Pompei Housing Development Fund Company Inc?
Pompei Housing Development Fund Company Inc is a nonprofit organization situated in Syracuse, New York, specifically at 990 James Street. Their primary mission is to provide affordable housing for elderly individuals who fall under the low-income category. Established with the intention of operating on a nonprofit basis, the company adheres to Section 202 of the National Housing Act. They manage a 49-unit housing project designed specifically for this demographic, ensuring that they can live comfortably and securely. With a dedicated team of five employees, Pompei Housing Development Fund Company Inc is committed to making a significant impact in the lives of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Pompei Housing Development Fund Company Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and finance management. The organization’s score is derived solely from its accountability and finance metrics, which emphasizes the importance of transparency and sound financial practices within the nonprofit sector.
Key strengths of Pompei Housing include a fully independent board of directors and strong financial oversight, as evidenced by a perfect score in several governance areas, such as the audit committee and conflict of interest policies. The organization demonstrates an impressive program expense ratio of 87.25%, indicating that a significant portion of its funding is directed towards its mission-related activities.
However, the organization faces challenges with its liabilities to assets ratio, which stands at 121.62%. This metric suggests that liabilities exceed assets, indicating potential financial risk. While the charity has robust governance practices, addressing its financial sustainability will be crucial for its ongoing effectiveness and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Pompei Housing Development Fund Company Inc legitimate?
Pompei Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pompei 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: $98,526
For more financial information, click here
What is the mission statement of Pompei Housing Development Fund Company Inc?
Pompei Housing Development Fund Company Inc was established with a specific purpose: to develop, manage, and operate a low-income housing project for elderly individuals on a non-profit basis, in accordance with Section 202 of the National Housing Act. The company's mission is centered around providing affordable housing for the elderly, operating their 49-unit housing project with this objective in mind. The corporation's work is geared towards enhancing the living conditions for this particular demographic, contributing to their overall well-being.
What is the revenue of Pompei Housing Development Fund Company Inc?
Pompei Housing Development Fund Company Inc's revenue in 2024 was $606,355.
Who are the executives of Pompei Housing Development Fund Company Inc and what are their salaries?
The average compensation at Pompei Housing Development Fund Company Inc during 2024 was $19,098. There 3 volunteers at Pompei Housing 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 Pompei Housing Development Fund Company Inc?
Pompei Housing Development Fund Company Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Pompei Housing Development Fund Company Inc
Pompei Housing Development Fund Company Inc, a nonprofit organization, was established with a specific mission to develop, own, and operate a low-income housing project on a nonprofit basis, in accordance with Section 202 of the National Housing Act. The corporation's primary objective is to provide a suitable living environment for elderly individuals who fall under the low-income bracket. By operating on a nonprofit basis, Pompei Housing Development Fund Company Inc ensures that affordable housing remains accessible to this vulnerable population. The organization currently manages a 49-unit housing project, designed specifically for low-income elderly individuals, demonstrating their commitment to providing adequate housing solutions to those in need.
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Impact
July, 2024
Pompei Housing Development Fund Company Inc's impact can be seen in its operation of a 49-unit housing project for low-income elderly individuals in Syracuse, NY. By providing affordable housing options for this vulnerable population, the organization is addressing a critical need in the community. Through its mission to develop, own, and operate low-income housing on a Pompei Housing Development Fund Company Inc basis, the organization is contributing to the overall well-being and quality of life of elderly individuals in need of stable and secure housing. This initiative aligns with the organization's focus on housing and demonstrates its commitment to serving the community.
This information is meant to be a general summary of Pompei 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: $2,103
- Program Service Revenue: $602,263
- Gross Receipts: $606,355
Assets and Liabilities:
- Total Assets: $1,842,715
- Total Liabilities: $2,210,622
- Net Assets: -$367,907
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - HUD
Revenue
$464,273
RENTAL INCOME - TENANT
Revenue
$137,990
Organization Details
Founding Year
1985
Principal Officer
Rev Daniel M Caruso
NTEE Category
Code: L21Z - Housing
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