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Gerard Place Housing Development Fund Company Inc

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

EIN: 161562738 ✦ Buffalo, NY ✦ Designated as a 501(c)(3)

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Overview

What is Gerard Place Housing Development Fund Company Inc?

Gerard Place Housing Development Fund Company Inc is a nonprofit organization committed to offering sustainable housing solutions. They specialize in providing permanent supportive housing for single-parent households, aiming to uphold their dignity and foster independence. Alongside housing, they offer educational and community programs, empowering these families to overcome challenges effectively. The company's mission is to create an environment that encourages personal growth and self-reliance, ensuring a better quality of life for the families they serve.


Official website here: www.gerardplace.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 95%, Four-Star out of Four Star rating.

Gerard Place Housing Development Fund Company Inc has achieved a notable Four-Star rating due to its outstanding performance in Accountability & Finance, scoring 95%. The organization demonstrates a strong commitment to transparency and efficient financial management, with a program expense ratio of 96.73% and an impressive fundraising efficiency ratio of $0.00, indicating that all funds are effectively directed towards its mission.

The organization boasts a fully independent board of directors, with 17 members, all of whom contribute to its governance without conflicts of interest. The presence of robust financial oversight mechanisms is evident, as reflected in their perfect scores for audits and the absence of material diversions of assets. However, it is worth noting that the organization lacks a whistleblower policy, which could be a potential area for improvement in its governance practices.


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

Is Gerard Place Housing Development Fund Company Inc legitimate?

Gerard Place Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gerard Place 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: $351,903
Professional Fundraising Fees: $0
Other Salaries and Wages: $535,843

For more financial information, click here


Official website here: www.gerardplace.org

What is the mission statement of Gerard Place Housing Development Fund Company Inc?

Gerard Place Housing Development Fund Company Inc's mission is centered around operating supportive housing. This organization provides permanent homes for single parent families, aiming to maintain their dignity and independence. In addition to housing, Gerard Place offers educational and community programs to empower these families, enabling them to sustain their livelihoods.


Official website here: www.gerardplace.org

Who is the CEO of Gerard Place Housing Development Fund Company Inc?

Concetta Defelice Osf is the Chair of Gerard Place Housing Development Fund Company Inc. The CEO's salary of Gerard Place Housing Development Fund Company Inc is $230,000 and their total compensation is $235,606.


Official website here: www.gerardplace.org

What is the revenue of Gerard Place Housing Development Fund Company Inc?

Gerard Place Housing Development Fund Company Inc's revenue in 2022 was $2,766,400.


Official website here: www.gerardplace.org

Who are the executives of Gerard Place Housing Development Fund Company Inc and what are their salaries?

The average compensation at Gerard Place Housing Development Fund Company Inc during 2022 was $44,387. There are 20 employees and 100 volunteers at Gerard Place Housing Development Fund Company Inc.


Here are 19 key members and their salaries (Gerard Place Housing Development Fund Company Inc's CEO's salary is $230,000 and their total compensation is $235,606):


Concetta Defelice Osf (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Belle Walls Montree Acbsw Ms Lmhc (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy F Bradley Cpa (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristina M Young (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Bianchi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katherine Marie Bogner Ssmn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Valerie Cattling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Goodremote Fssj (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Gorman Rsm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Heist (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Karaszewski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daynell Rowell-Stephens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Shaver Ssj (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bonnie Slimko (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sheila Stone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Lorianne Tylczynski Cssf (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edith Wyss Osf (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Zapfel (President/Ceo)
  • Compensation: $230,000
  • Related: $0
  • Other: $5,606
Jill Mattson (Coo)
  • Compensation: $121,903
  • Related: $0
  • Other: $0


Official website here: www.gerardplace.org

Where can I find the form 990 for Gerard Place Housing Development Fund Company Inc?

Gerard Place Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gerardplace.org

Learn more at the official website: www.gerardplace.org

Mission Statement of Gerard Place Housing Development Fund Company Inc

Gerard Place Housing Development Fund Company, a nonprofit organization, is dedicated to operating supportive housing. Their mission is to provide permanent homes for single parent households, while also offering educational and community programs to empower these families to uphold their dignity and independence. Through this initiative, the organization aims to help these families overcome challenges and build a stable life for themselves and their children.

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Impact




October, 2024

Gerard Place Housing Development Fund Company Inc plays a vital role in the community by providing permanent supportive housing for single-parent households in Buffalo, NY. This initiative not only addresses immediate housing needs but also fosters an environment where families can thrive. Through its educational and community programming, Gerard Place empowers these families, equipping them with the necessary skills and resources to maintain their dignity and independence. By focusing on support systems, Gerard Place helps break the cycle of poverty, promoting stability and enhancing the overall quality of life for its residents. The organization's commitment to creating a supportive environment contributes significantly to the well-being of families in the area, making a lasting impact on the community.




This information is meant to be a general summary of Gerard Place 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.

Revenue
$2,766,400 (2022)
Expenses
$1,897,245 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,901
  • Program Service Revenue: $55,456
  • Gross Receipts: $2,766,400

Assets and Liabilities:

  • Total Assets: $6,847,147
  • Total Liabilities: $189,551
  • Net Assets: $6,657,596

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Programs

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

RENT-COMMUNITY CENTER

Revenue

$55,456

Organization Details

Founding Year

1998

Principal Officer

Concetta Defelice Osf

Main Address

2515 BAILEY AVENUE, BUFFALO, NY, 14215

NTEE Category

Code: L20 - Housing

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