Overview
What is Rental Assistance Corporation Of Buffalo?
The Rental Assistance Corporation of Buffalo is a nonprofit organization situated in Buffalo, New York, specifically at 470 Franklin Street. Their primary mission is to manage Section 8 housing assistance payment programs under contract with the U.S. Department of Housing and Urban Development (HUD) and the City of Buffalo, New York. This involves administering the Housing Voucher and Moderate Rehabilitation programs to provide rental assistance to low-income families, elderly, disabled, or handicapped individuals who struggle to afford decent, safe, and sanitary housing, ensuring they can live comfortably within their means. The corporation operates with a team of 40 employees, dedicated to this important cause.
Official website here: www.racbny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Rental Assistance Corporation of Buffalo has achieved a commendable score of 88%, indicating a solid performance in terms of accountability and finance. This high rating reflects the organization’s commitment to transparency and responsible financial management, which is crucial for maintaining donor trust and effectively serving its community.
One of the organization's strengths is its fully independent board, scoring 100% in board member independence. Additionally, the organization has a robust audit and oversight committee, and all required financial statements are accounted for, ensuring proper oversight of its operations. The program expense ratio is also strong at 78.12%, indicating that a significant portion of its funds are directed towards its mission.
However, there are areas for improvement, such as the absence of a whistleblower policy, which received a score of zero. This could potentially impact the organization’s internal accountability measures. Overall, while the Rental Assistance Corporation of Buffalo demonstrates strong financial health and governance, enhancing its policies could further strengthen its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Rental Assistance Corporation Of Buffalo legitimate?
Rental Assistance Corporation Of Buffalo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rental Assistance Corporation Of Buffalo 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: $290,023
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,281,667
For more financial information, click here
Official website here: www.racbny.org
What is the mission statement of Rental Assistance Corporation Of Buffalo?
The Rental Assistance Corporation of Buffalo's mission is centered around administering the Housing Voucher and Moderate Rehabilitation programs. Through these Section 8 programs, the corporation aims to provide rental assistance to low-income families, as well as elderly, disabled, or handicapped individuals who may not be able to afford decent, safe, and sanitary housing on their own. The organization's activities are conducted under a contract with the U.S. Department of Housing and Urban Development (HUD), with the specific goal of administering Annual Contributions Contract NY-409 Section 8 Housing Assistance Payments programs.
Official website here: www.racbny.org
Who is the CEO of Rental Assistance Corporation Of Buffalo?
Catherine Braniecki is the Vice President of Rental Assistance Corporation Of Buffalo.
Official website here: www.racbny.org
What is the revenue of Rental Assistance Corporation Of Buffalo?
Rental Assistance Corporation Of Buffalo's revenue in 2022 was $3,957,549.
Official website here: www.racbny.org
Who are the executives of Rental Assistance Corporation Of Buffalo and what are their salaries?
The average compensation at Rental Assistance Corporation Of Buffalo during 2022 was $39,292. There are 40 employees and 14 volunteers at Rental Assistance Corporation Of Buffalo.
Here are 16 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
- 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: $117,306
- Related: $0
- Other: $43,038
- Compensation: $91,785
- Related: $0
- Other: $23,933
Official website here: www.racbny.org
Where can I find the form 990 for Rental Assistance Corporation Of Buffalo?
Rental Assistance Corporation Of Buffalo's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.racbny.org
Learn more at the official website: www.racbny.org
Mission Statement of Rental Assistance Corporation Of Buffalo
Rental Assistance Corporation of Buffalo, abbreviated as RACB, is dedicated to making a significant impact in the lives of low-income families, elderly individuals, and those with disabilities or handicaps. Their primary mission is to administer the Housing Voucher and Moderate Rehabilitation Programs, which are Section 8 programs. By doing so, RACB aims to provide rental assistance to these groups of people who otherwise would struggle to afford decent, safe, and sanitary housing. This mission is carried out through their Annual Contributions Contract with the U.S. Department of Housing and Urban Development (HUD) in Buffalo, New York. By providing this essential service, RACB plays a crucial role in ensuring that individuals and families can live with dignity and security in suitable housing conditions.
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
The Rental Assistance Corporation of Buffalo (RACB) significantly impacts the community by providing crucial rental assistance to low-income families, as well as elderly, handicapped, and disabled individuals. Through the administration of housing voucher and moderate rehabilitation programs, RACB ensures that those who might otherwise struggle to afford safe and sanitary housing can access it.
By managing the Section 8 programs, RACB plays a key role in alleviating housing insecurity in Buffalo, allowing vulnerable populations to secure stable living conditions. This assistance not only enhances the quality of life for individuals and families but also contributes to the overall health and stability of the community, fostering environments where everyone has the opportunity to thrive.
This information is meant to be a general summary of Rental Assistance Corporation Of Buffalo. 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: $58,338
- Gross Receipts: $4,362,329
Assets and Liabilities:
- Total Assets: $7,021,377
- Total Liabilities: $729,188
- Net Assets: $6,292,189
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1988
Phone
(716) 882-0063Principal Officer
Catherine Braniecki
Main Address
470 FRANKLIN STREET, BUFFALO, NY, 14202
Website
www.racbny.orgNTEE Category
Code: L820 - Housing
If you are a representative of Rental Assistance Corporation Of Buffalo 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.