Overview
What is Stryker Housing Development Fund Company Inc?
Stryker Housing Development Fund Company Inc is a nonprofit organization situated in Syracuse, New York, specifically at 990 James Street. With a dedicated team of six individuals, their primary mission is to provide affordable housing for elderly and low-income individuals. They operate a 102-unit project, subsidized by the federal government, on a non-profit basis in compliance with Article XI of the Private Housing Finance Law of New York State. Their purpose is to develop, own, and manage low-income housing projects to cater to those who may not otherwise have access to suitable accommodation.
Official website here: www.christopher-community.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Stryker Housing Development Fund Company Inc has earned a solid Three-Star rating from Charity Navigator, with a focus on strong accountability and finance practices. The organization scored an impressive 81% based entirely on its accountability and finance beacon, indicating effective management and transparency in its financial dealings. The evaluation highlights that the organization has no material diversion of assets, contributing to a trustworthy reputation.
The nonprofit demonstrates significant strengths, particularly in governance, as evidenced by its fully independent board and robust financial practices, including a clean audit and well-documented policies on conflicts of interest and whistleblowing. Additionally, the organization maintains a high program expense ratio of 89.09%, suggesting that a substantial portion of its funds is directed towards its mission rather than administrative costs.
While the data reflects strong performance in the areas assessed, the overall rating may suggest room for improvement in other metrics not covered by the current evaluation. Nonetheless, the high scores in accountability and finance demonstrate a commitment to ethical operations and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Stryker Housing Development Fund Company Inc legitimate?
Stryker Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stryker 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: $190,374
For more financial information, click here
Official website here: www.christopher-community.org
What is the mission statement of Stryker Housing Development Fund Company Inc?
Stryker Housing Development Fund Company Inc was established with the primary objective of developing, owning, and operating a low-income housing project on a non-profit basis. In accordance with New York's Private Housing Finance Law, the corporation operates a 102-unit housing project, which is subsidized by the federal government. This project is specifically designed for elderly and low-income individuals, operating on a non-profit basis. The corporation's mission is centered around providing affordable housing solutions for individuals who fall under the low-income category.
Official website here: www.christopher-community.org
Who is the CEO of Stryker Housing Development Fund Company Inc?
Fredrick Zolna is the Treasurer of Stryker Housing Development Fund Company Inc.
Official website here: www.christopher-community.org
What is the revenue of Stryker Housing Development Fund Company Inc?
Stryker Housing Development Fund Company Inc's revenue in 2022 was $990,874.
Official website here: www.christopher-community.org
Who are the executives of Stryker Housing Development Fund Company Inc and what are their salaries?
The average compensation at Stryker Housing Development Fund Company Inc during 2022 was $31,729. There are 6 employees at Stryker Housing Development Fund Company Inc.
Here are 5 key members and their salaries:
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Official website here: www.christopher-community.org
Where can I find the form 990 for Stryker Housing Development Fund Company Inc?
Stryker 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 Stryker Housing Development Fund Company Inc
Stryker 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. This mission is in line with Article XI of the Private Housing Finance Law of the State of New York. The corporation's primary objective is to provide housing for elderly and low-income individuals on a non-profit basis. To accomplish this, Stryker Housing Development Fund Company Inc operates a 102-unit federally subsidized housing project, which serves as a sanctuary for those in need. This project is a testament to the corporation's commitment to addressing the housing needs of the underprivileged section of society.
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Impact
October, 2024
Stryker Housing Development Fund Company Inc significantly impacts the Syracuse community by providing low-income housing options, specifically catering to elderly and low-income individuals. Managing a 102-unit federally subsidized housing project, the organization addresses a critical need for affordable living spaces in the area. By ensuring that vulnerable populations have access to stable and dignified housing, Stryker Housing contributes to the overall well-being of the community. Their operations not only alleviate housing insecurity but also enhance the quality of life for residents, fostering a more inclusive environment in Syracuse.
This information is meant to be a general summary of Stryker 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: $1,674
- Program Service Revenue: $946,849
- Gross Receipts: $990,874
Assets and Liabilities:
- Total Assets: $5,115,535
- Total Liabilities: $4,601,418
- Net Assets: $514,117
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$946,849
Organization Details
Founding Year
1994
Phone
(315) 424-1821Principal Officer
Fredrick Zolna
Main Address
990 JAMES STREET, SYRACUSE, NY, 13203
NTEE Category
Code: L200 - Housing
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