Overview
What is Yw-Wny Housing Development Fund Company Inc?
Yw-Wny Housing Development Fund Company Inc is a nonprofit organization situated in Buffalo, New York, specifically at 1005 Grant Street. Their primary mission is to facilitate the development and operation of a low-income housing project, with School House Commons serving as their current project. The organization's efforts aim to provide affordable housing solutions for individuals in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Yw-Wny Housing Development Fund Company Inc has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. This rating is based solely on their accountability and finance score of 94%, demonstrating effective management of resources and transparency in operations.
The organization boasts an independent board, with 100% of its members being independent, ensuring that governance is free from conflicts of interest. Additionally, their financial practices are robust, evidenced by a program expense ratio of 83.06%, which reflects a high commitment to putting funds towards impactful programs rather than administrative costs.
No significant issues were reported, as there were no material diversions of assets, and they have established comprehensive policies such as conflict of interest and whistleblower protections. Overall, Yw-Wny Housing Development Fund Company Inc showcases a strong commitment to financial health and accountability, making it a reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Yw-Wny Housing Development Fund Company Inc legitimate?
Yw-Wny Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yw-Wny 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: $138,621
For more financial information, click here
What is the mission statement of Yw-Wny Housing Development Fund Company Inc?
The Yw-Wny Housing Development Fund Company Inc operates a low-income housing project named School House Commons as its primary activity. The organization's mission is centered around providing development and operation services for this affordable housing project, aiming to provide a living space for individuals with limited financial means. By operating School House Commons, the company contributes to addressing the housing needs of a significant portion of the population.
Who is the CEO of Yw-Wny Housing Development Fund Company Inc?
Lisa Bauer is the Principal Officer of Yw-Wny Housing Development Fund Company Inc. The CEO's salary of Yw-Wny Housing Development Fund Company Inc is $0 and their total compensation is $118,515.
What is the revenue of Yw-Wny Housing Development Fund Company Inc?
Yw-Wny Housing Development Fund Company Inc's revenue in 2023 was $660,800.
Who are the executives of Yw-Wny Housing Development Fund Company Inc and what are their salaries?
Here are 4 key members and their salaries (Yw-Wny Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $118,515):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $103,650
- Other: $14,865
Where can I find the form 990 for Yw-Wny Housing Development Fund Company Inc?
Yw-Wny Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Yw-Wny Housing Development Fund Company Inc
Yw-Wny Housing Development Fund Company Inc, as a nonprofit organization, is dedicated to providing for the development and operation of a low-income housing project known as School House Commons. This mission is reflected in the organization's operation of this project, which aims to provide affordable housing for individuals in need. By operating School House Commons, Yw-Wny Housing Development Fund Company Inc is contributing to the housing sector, ensuring that low-income individuals have access to safe and affordable housing options. The organization's work in this area is crucial in addressing housing inequality and promoting social justice.
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Impact
July, 2024
Yw-Wny Housing Development Fund Company Inc's impact is focused on providing affordable housing through the operation of School House Commons, a low-income housing project in Buffalo, NY. By developing and managing this housing project, the organization helps address the critical need for safe and affordable housing in the community. This initiative positively impacts the lives of individuals and families by offering them a stable and secure place to live, ultimately contributing to the overall well-being of the community.
This information is meant to be a general summary of Yw-Wny 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 2023.
- Investment Income: $12
- Program Service Revenue: $658,493
- Gross Receipts: $660,800
Assets and Liabilities:
- Total Assets: $3,446,521
- Total Liabilities: $126,295
- Net Assets: $3,320,226
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$658,493
Organization Details
Founding Year
1996
Phone
(716) 852-6120Principal Officer
Lisa Bauer
Main Address
1005 GRANT STREET, BUFFALO, NY, 14207
NTEE Category
Code: L20Z - Housing
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