Overview
What is Ludden Housing Development Fund President?
Ludden Housing Development Fund President is associated with a nonprofit organization, Ludden Housing Development Fund Company, Inc., located at 817 Fay Road, Syracuse, New York 13219. Established with a mission to develop, own, and operate a low-income housing project for the elderly on a nonprofit basis, the organization adheres to Section 202 of the National Housing Act. Their project, consisting of 49 units, is federally subsidized to cater to the housing needs of elderly individuals with low income. The organization, with a modest workforce of 5 employees, is committed to providing affordable housing options and plays a vital role in supporting the elderly community in the area.
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. This rating reflects a solid performance in accountability and financial health, indicating that the Ludden Housing Development Fund is effectively managing its resources. The charity showcases a strong commitment to governance, with all board members being independent and maintaining a robust set of policies to guide operations.
The organization excels in its financial management, achieving a high program expense ratio of 85.58%. This suggests that a significant portion of its resources is directed towards its mission-related activities rather than administrative costs. The charity also maintains thorough financial transparency, evidenced by its complete financial statements and the absence of any material diversions of assets.
While the organization demonstrates many strengths, there may be room for improvement in its outreach and impact metrics, as these are not detailed in the provided data. Overall, the Ludden Housing Development Fund appears to be a reliable nonprofit committed to its mission and effective in its governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Ludden Housing Development Fund President legitimate?
Ludden Housing Development Fund President is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ludden Housing Development Fund President 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: $105,503
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.christopher-community.org
What is the mission statement of Ludden Housing Development Fund President?
The Ludden Housing Development Fund's mission is centered around the development, ownership, and operation of a low-income housing project on a non-profit basis. This mission is in accordance with Article XI of the Private Housing Finance Law of New York. The organization operates a 49-unit low-income housing project specifically for the elderly, leveraging federal subsidies under Section 202 of the National Housing Act, with the aim of providing affordable housing solutions.
Official website here: www.christopher-community.org
Who is the CEO of Ludden Housing Development Fund President?
Beatrice Malfitano is the President of Ludden Housing Development Fund President.
Official website here: www.christopher-community.org
What is the revenue of Ludden Housing Development Fund President?
Ludden Housing Development Fund President's revenue in 2022 was $510,764.
Official website here: www.christopher-community.org
Who are the executives of Ludden Housing Development Fund President and what are their salaries?
The average compensation at Ludden Housing Development Fund President during 2022 was $21,101. There are 5 employees at Ludden Housing Development Fund President.
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 Ludden Housing Development Fund President?
Ludden Housing Development Fund President'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 Ludden Housing Development Fund President
Ludden Housing Development Fund, a non-profit organization, was established with a single, specific purpose: to develop, own, and manage a low-income housing project on a non-profit basis. This mission is in line with Article XI of the Private Housing Finance Law of New York State. The organization's project, operated on a non-profit basis, is a federally subsidized low-income housing project for the elderly, as per Section 202 of the National Housing Act. The Ludden Housing Development Fund provides a home for the elderly, ensuring that they have access to affordable housing, contributing to their well-being and independence.
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Impact
July, 2024
Ludden Housing Development Fund President's impact can be seen through the creation and management of a federally subsidized, 49-unit low-income housing project for the elderly in Syracuse, NY. By developing, owning, and operating this housing project on a non-profit basis, the organization is directly addressing the need for affordable housing in the community. This initiative not only provides much-needed housing for low-income elderly residents but also contributes to the overall well-being and quality of life of the individuals served. The impact of Ludden Housing Development Fund President extends beyond just providing housing, as it also plays a role in supporting the community and promoting social equity.
This information is meant to be a general summary of Ludden Housing Development Fund President. 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: $265
- Program Service Revenue: $500,117
- Gross Receipts: $510,764
Assets and Liabilities:
- Total Assets: $2,163,807
- Total Liabilities: $2,889,984
- Net Assets: -$726,177
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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
$500,117
Organization Details
Founding Year
1988
Phone
(315) 424-1821Principal Officer
Beatrice Malfitano
Main Address
817 FAY ROAD, SYRACUSE, NY, 13219
NTEE Category
Code: L22Z - Housing
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