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Finger Lakes Community Development Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 161561999 ✦ Geneva, NY ✦ Designated as a 501(c)(3)

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Overview

What is Finger Lakes Community Development Corporation?

The Finger Lakes Community Development Corporation is a nonprofit organization devoted to addressing the public need for affordable housing for the elderly and handicapped. Leveraging funding from the U.S. Department of Housing and Urban Development under section 231 of the National Housing Act, they strive to provide suitable housing solutions for this vulnerable population. The organization's mission is to contribute to the community by addressing this critical need.


Official website here: www.genevahousingauthority.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96%, Four-Star out of Four Stars

Finger Lakes Community Development Corporation has achieved a strong 96% score, earning a Four-Star rating for its exceptional performance in accountability and finance. This high rating indicates that the organization adheres to strong financial practices, which is crucial for maintaining donor trust and ensuring the effective use of contributions.

One notable strength of the organization is its governance structure, featuring a fully independent board with 100% independent members. This commitment to independence is complemented by comprehensive financial oversight and policies, including a robust audit committee and multiple conflict of interest and whistleblower policies, which all contribute to its high accountability score.

However, while the organization demonstrates strong financial health with a program expense ratio of over 75%, indicating a significant portion of its budget is dedicated to programs, it’s important for potential donors to remain informed about ongoing initiatives and impacts. Overall, Finger Lakes Community Development Corporation is positioned as a reliable nonprofit, focusing on transparency and responsible financial management.


This AI summary has been generated from information found on Charity Navigator.

Is Finger Lakes Community Development Corporation legitimate?

Finger Lakes Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finger Lakes Community Development Corporation 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: $525,799

For more financial information, click here


Official website here: www.genevahousingauthority.com

What is the mission statement of Finger Lakes Community Development Corporation?

The Finger Lakes Community Development Corporation is committed to addressing the public need for affordable housing, specifically for elderly and handicapped individuals. They accomplish this by leveraging funding from the U.S. Department of Housing and Urban Development, under section 231 of the National Housing Act. The corporation's mission is focused on providing suitable housing solutions for those in need, thereby promoting a more inclusive and equitable community. Their work contributes to improving living conditions for vulnerable populations, ensuring they have access to safe and comfortable housing.


Official website here: www.genevahousingauthority.com

Who is the CEO of Finger Lakes Community Development Corporation?

Robert Doeblin is the President of Finger Lakes Community Development Corporation.


Official website here: www.genevahousingauthority.com

What is the revenue of Finger Lakes Community Development Corporation?

Finger Lakes Community Development Corporation's revenue in 2022 was $616,723.


Official website here: www.genevahousingauthority.com

Who are the executives of Finger Lakes Community Development Corporation and what are their salaries?

The average compensation at Finger Lakes Community Development Corporation during 2022 was $37,557. There are 14 employees at Finger Lakes Community Development Corporation.


Here are 12 key members and their salaries:


Dominick Vedora (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Parrott Jr (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Vedora (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lucile Mallard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Cirencione (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Beckley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Devaney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Fragnoli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenda Doris Myers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Anania (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patti Carter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Doeblin (C.E.O.)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.genevahousingauthority.com

Where can I find the form 990 for Finger Lakes Community Development Corporation?

Finger Lakes Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.genevahousingauthority.com

Learn more at the official website: www.genevahousingauthority.com

Mission Statement of Finger Lakes Community Development Corporation

The Finger Lakes Community Development Corporation is dedicated to addressing a significant public need: providing low-income housing for the elderly and handicapped. This nonprofit organization achieves its mission by leveraging funding from the U.S. Department of Housing and Urban Development under section 231 of the National Housing Act. By doing so, the Finger Lakes Community Development Corporation plays a crucial role in ensuring that vulnerable members of society have access to safe and affordable housing, thereby significantly improving their quality of life. The organization's efforts contribute to a more inclusive and equitable community, where everyone, regardless of their age or abilities, has the opportunity to live with dignity and independence.

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Impact




July, 2024

Finger Lakes Community Development Corporation fulfills the public need for low-income housing for the elderly and handicapped in Geneva, NY. By utilizing funding from the U.S. Department of Housing and Urban Development under section 231 of the National Housing Act, they provide a vital service to those in need of affordable housing. Their mission to address this specific housing issue has a direct impact on the lives of individuals in the community, ensuring that vulnerable populations have access to safe and secure housing options.




This information is meant to be a general summary of Finger Lakes Community Development Corporation. 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.

Revenue
$616,723 (2022)
Expenses
$756,060 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $575
  • Program Service Revenue: $616,148
  • Gross Receipts: $616,723

Assets and Liabilities:

  • Total Assets: $2,963,867
  • Total Liabilities: $481,980
  • Net Assets: $2,481,887

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PAYROLL & EXPENSE REIM

Revenue

$517,168

MANAGEMENT FEES

Revenue

$51,831

RENTAL INCOME

Revenue

$47,149

Organization Details

Founding Year

1999

Principal Officer

Robert Doeblin

Main Address

41 LEWIS STREET, GENEVA, NY, 14456

NTEE Category

Code: L20 - Housing

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