Overview
What is Pond Street Housing Development Fund Company Inc?
Pond Street Housing Development Fund Company Inc, located in Syracuse, New York, is a nonprofit organization primarily dedicated to the operation of a low-income housing project. With a mission to serve this specific purpose, the company was established under Section 202 of the National Housing Act. Their activities are centered around developing, owning, and managing a 47-unit low-income housing project on a nonprofit basis. They employ a team of six individuals to ensure the successful operation and maintenance of this project, providing affordable housing options for those in need.
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 Star rating.
Pond Street Housing Development Fund Company Inc has received a commendable score of 81%, reflecting strong accountability and financial practices. The rating is based solely on their Accountability & Finance score, indicating that the organization meets high standards in managing its resources and ensuring transparency to its stakeholders.
One of the notable strengths of this nonprofit is its governance structure, with a fully independent board comprising three members, and robust oversight mechanisms in place. This includes a well-functioning audit and oversight committee, as well as comprehensive policies on conflict of interest and whistleblower protections. Additionally, the organization allocates a significant portion of its expenses (86.31%) directly to programs, demonstrating its commitment to mission-driven work.
While the data reflects strong performance in financial accountability, the overall score being based solely on this aspect may suggest a need for evaluation in other areas such as program impact and community feedback. This could help potential donors and supporters gain a more rounded understanding of the organization's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Pond Street Housing Development Fund Company Inc legitimate?
Pond Street Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pond Street 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: $103,725
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Official website here: www.christopher-community.org
What is the mission statement of Pond Street Housing Development Fund Company Inc?
Pond Street Housing Development Fund Company Inc was established with a specific purpose: to develop, manage, and operate a low-income housing project on a non-profit basis, adhering to Section 202 of the National Housing Act. The corporation's primary goal is to provide affordable housing for individuals with limited financial resources. The operation of a 47-unit low-income housing project is a testament to their commitment to this mission. By developing and managing such projects, the company aims to contribute to the well-being and housing stability of those in need, while operating on a non-profit basis.
Official website here: www.christopher-community.org
Who is the CEO of Pond Street Housing Development Fund Company Inc?
Father Daniel M Caruso is the President of Pond Street Housing Development Fund Company Inc.
Official website here: www.christopher-community.org
What is the revenue of Pond Street Housing Development Fund Company Inc?
Pond Street Housing Development Fund Company Inc's revenue in 2022 was $506,225.
Official website here: www.christopher-community.org
Who are the executives of Pond Street Housing Development Fund Company Inc and what are their salaries?
The average compensation at Pond Street Housing Development Fund Company Inc during 2022 was $17,288. There are 6 employees at Pond Street 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
Official website here: www.christopher-community.org
Where can I find the form 990 for Pond Street Housing Development Fund Company Inc?
Pond Street 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 Pond Street Housing Development Fund Company Inc
Pond Street Housing Development Fund Company Inc, a nonprofit organization, was established with a singular and specific purpose: to develop, own, and manage a low-income housing project. Adhering to Section 202 of the National Housing Act, this corporation operates its project on a nonprofit basis, providing affordable housing solutions for individuals with limited financial means. The mission of Pond Street Housing Development Fund Company Inc is to contribute to the housing sector by creating and maintaining a 47-unit low-income housing project, aiming to make a positive impact on the lives of its residents.
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Impact
July, 2024
Pond Street Housing Development Fund Company Inc's impact can be clearly seen in its provision of affordable housing through the operation of a 47-unit low-income housing project in Syracuse, NY. By offering affordable housing options to those in need, this organization plays a vital role in addressing housing insecurity and improving the quality of life for low-income individuals and families. Through its focused mission to develop, own, and operate a low-income housing project, Pond Street Housing Development Fund Company Inc contributes to creating a more inclusive and sustainable community.
This information is meant to be a general summary of Pond Street 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: $143
- Program Service Revenue: $496,826
- Gross Receipts: $506,225
Assets and Liabilities:
- Total Assets: $1,418,585
- Total Liabilities: $2,646,704
- Net Assets: -$1,228,119
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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
$372,774
RENTAL INCOME - TENANT
Revenue
$124,052
Organization Details
Founding Year
1989
Phone
(315) 424-1821Principal Officer
Father Daniel M Caruso
Main Address
990 JAMES STREET, SYRACUSE, NY, 13203
NTEE Category
Code: L22Z - Housing
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