Overview
What is 50-60 Kosciuzko Street Housing Development Fund Company Inc?
50-60 Kosciuzko Street Housing Development Fund Company Inc is a nonprofit organization situated in Buffalo, New York. Their primary mission is to construct and manage a low-income housing project, which currently consists of five units. This project provides affordable housing solutions for those in financial need, contributing to the community by offering housing opportunities. The company's activities are focused on this project, aimed at enhancing living conditions for low-income residents in the city.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The 50-60 Kosciuzko Street Housing Development Fund Company Inc has received a commendable rating, reflecting strong accountability and financial health. A score of 94% indicates that the organization excels in its fiscal responsibilities and governance practices, which are critical for fostering trust among donors and beneficiaries alike.
The organization boasts an independent board of directors, with 100% of its members meeting independence criteria. Additionally, it has implemented robust policies, including those for conflict of interest and whistleblower protections, showcasing its commitment to ethical conduct and transparency. The high program expense ratio of 71.30% further emphasizes its focus on delivering services effectively.
While the review highlights numerous strengths, it does not mention specific programmatic achievements or outcomes. Nonetheless, the financial soundness and governance practices of the organization position it favorably within the nonprofit sector, potentially appealing to donors looking for accountability.
This AI summary has been generated from information found on Charity Navigator.
Is 50-60 Kosciuzko Street Housing Development Fund Company Inc legitimate?
50-60 Kosciuzko Street Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 50-60 Kosciuzko 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: $6,718
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What is the mission statement of 50-60 Kosciuzko Street Housing Development Fund Company Inc?
The 50-60 Kosciuzko Street Housing Development Fund Company Inc's mission is centered around constructing and managing a low-income housing project. Specifically, they aim to provide housing for individuals with limited financial resources. Their activities encompass the creation and operation of a five-unit housing project located in an unspecified city. This organization's mission primarily focuses on addressing the housing needs of economically disadvantaged individuals.
Who is the CEO of 50-60 Kosciuzko Street Housing Development Fund Company Inc?
Deacon Steve Schumer is the President of 50-60 Kosciuzko Street Housing Development Fund Company Inc.
What is the revenue of 50-60 Kosciuzko Street Housing Development Fund Company Inc?
50-60 Kosciuzko Street Housing Development Fund Company Inc's revenue in 2023 was $54,323.
Who are the executives of 50-60 Kosciuzko Street Housing Development Fund Company Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for 50-60 Kosciuzko Street Housing Development Fund Company Inc?
50-60 Kosciuzko Street Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of 50-60 Kosciuzko Street Housing Development Fund Company Inc
50-60 Kosciuzko Street Housing Development Fund Company Inc is committed to constructing and operating a low-income housing project. This nonprofit organization aims to provide five units of housing in an unspecified location, targeting individuals with limited financial resources. By undertaking this mission, the company contributes to the community by offering a residential solution to those in need. The organization's activities revolve around the construction and operation of this housing project, thereby providing a vital service to those who might not otherwise have access to such facilities.
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Impact
August, 2024
50-60 Kosciuzko Street Housing Development Fund Company Inc's impact lies in providing essential housing opportunities for low-income residents in Buffalo, New York. By constructing and operating a low-income housing project consisting of five units, this organization directly addresses the pressing need for affordable housing in the city. Through its programs, 50-60 Kosciuzko Street Housing Development Fund Company Inc contributes to improving the quality of life for individuals and families who may otherwise struggle to find suitable accommodation. Their work is vital in ensuring that vulnerable populations have access to safe and stable housing options, ultimately fostering a more inclusive and resilient community in Buffalo.
This information is meant to be a general summary of 50-60 Kosciuzko 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 2023.
- Investment Income: $23
- Program Service Revenue: $54,300
- Gross Receipts: $54,323
Assets and Liabilities:
- Total Assets: $348,298
- Total Liabilities: $1,925
- Net Assets: $346,373
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$45,014
RENTAL INCOME
Revenue
$9,286
Organization Details
Founding Year
1997
Phone
(716) 847-1635Principal Officer
Deacon Steve Schumer
Main Address
525 WASHINGTON STREET, BUFFALO, NY, 14203
NTEE Category
Code: L21 - Housing
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