Overview
What is Thurston Housing Development Fund Company Inc?
Thurston Housing Development Fund Company Inc is a nonprofit organization situated in Rochester, New York, specifically at 312 State Street. Their primary mission is to advance the living conditions of developmentally disabled individuals. They achieve this by developing and operating a six-unit apartment complex, serving a total of six clients under Section 811 of the National Affordable Housing Act. This housing project aims to provide a suitable living environment for individuals with developmental disabilities, thereby enhancing their quality of life.
Official website here: www.ulr.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star Rating)
Thurston Housing Development Fund Company Inc has received an 85% rating from Charity Navigator, signifying a strong performance in accountability and finance. The score is based entirely on a single beacon score, with a focus on the organization's financial health and transparency. The high level of accountability indicates effective governance practices and adherence to sound financial management.
Strengths of the organization include a 66% majority of independent board members and strong policies in place for conflict of interest, whistleblower protection, and document retention. The absence of material diversion of assets and a favorable liabilities to assets ratio of 48.56% further highlight the financial stability and ethical practices of the organization. Additionally, a program expense ratio of 68.06% indicates a significant portion of expenses is directed towards programmatic activities.
While the three-star rating demonstrates overall reliability, potential donors and stakeholders may consider areas for improvement, particularly in maximizing program expenses relative to total expenditures. Overall, Thurston Housing Development Fund Company Inc reflects a commitment to accountability and effective financial practices, ensuring that resources are utilized efficiently for its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Thurston Housing Development Fund Company Inc legitimate?
Thurston Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thurston 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: $10,201
For more financial information, click here
Official website here: www.ulr.com
What is the mission statement of Thurston Housing Development Fund Company Inc?
Thurston Housing Development Fund Company Inc's mission is centered around developing and operating a housing project for individuals with developmental disabilities, in accordance with Section 811 of the National Affordable Housing Act. This organization's primary goal is to provide a suitable living environment for six such individuals, as demonstrated by their completion of a six-unit apartment complex. The company's mission is instrumental in addressing the housing needs of this vulnerable population, thereby contributing to their overall well-being and independence.
Official website here: www.ulr.com
Who is the CEO of Thurston Housing Development Fund Company Inc?
Seanelle Hawkins is the Chair Person of Thurston Housing Development Fund Company Inc. The CEO's salary of Thurston Housing Development Fund Company Inc is $0 and their total compensation is $165,952.
Official website here: www.ulr.com
What is the revenue of Thurston Housing Development Fund Company Inc?
Thurston Housing Development Fund Company Inc's revenue in 2022 was $37,230.
Official website here: www.ulr.com
Who are the executives of Thurston Housing Development Fund Company Inc and what are their salaries?
There 2 volunteers at Thurston Housing Development Fund Company Inc.
Here are 5 key members and their salaries (Thurston Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $165,952):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $34,745
- Other: $3,178
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $153,247
- Other: $12,705
- Compensation: $0
- Related: $40,680
- Other: $1,273
Official website here: www.ulr.com
Where can I find the form 990 for Thurston Housing Development Fund Company Inc?
Thurston Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ulr.com
Learn more at the official website: www.ulr.com
Mission Statement of Thurston Housing Development Fund Company Inc
Thurston Housing Development Fund Company Inc is dedicated to making a significant impact in the lives of individuals with developmental disabilities. Their mission, as stated under Section 811 of the National Affordable Housing Act, is to develop and operate a housing project specifically designed for these individuals. This nonprofit organization undertakes the development and operation of a 6-unit apartment complex, providing homes for six individuals who fall under this category. By doing so, Thurston Housing Development Fund Company Inc is contributing to the provision of suitable living environments for developmentally disabled individuals, thereby enhancing their quality of life.
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Impact
August, 2024
Thurston Housing Development Fund Company Inc's impact can be seen in the development and operation of a 6-unit apartment complex for developmentally disabled individuals in Rochester, NY. By providing housing specifically designed for this population, the organization serves 6 clients and facilitates their inclusion and independence within the community. The work of Thurston Housing Development Fund Company Inc directly addresses the critical need for affordable and supportive housing for individuals with developmental disabilities, helping them live with dignity and security.
This information is meant to be a general summary of Thurston 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 2022.
- Investment Income: $1
- Program Service Revenue: $23,705
- Gross Receipts: $37,230
Assets and Liabilities:
- Total Assets: $499,387
- Total Liabilities: $207,304
- Net Assets: $292,083
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL INCOME
Revenue
$23,705
Organization Details
Founding Year
2000
Phone
(585) 325-6530Principal Officer
Seanelle Hawkins
Main Address
312 STATE STREET, ROCHESTER, NY, 14608
Website
www.ulr.comNTEE Category
Code: L21 - Housing
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