Overview
What is Daisy Housing Development Fund Corporation?
The Daisy Housing Development Fund Corporation is a compassionate nonprofit organization situated in Rochester, New York. Their primary mission is to offer affordable housing solutions for low-income elderly individuals, as evident in their maintenance of a 21-unit complex within the city. With a dedicated workforce of 4 individuals, this organization has on a non-profit basis, developed housing and essential services tailored to the needs of senior citizens with limited financial resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Daisy Housing Development Fund Corporation has received a solid Three-Star rating, reflecting a good level of accountability and financial health. It boasts a commendable 79% score in Accountability & Finance, indicating effective management of its resources and adherence to recommended practices. A particularly strong point is the board's independence, with 88% of its members being independent, which underscores a commitment to governance and conflict of interest management.
The organization also demonstrates a strong program expense ratio of 82.46%, meaning that a significant portion of its funds is directed towards its core mission rather than overhead costs. Additionally, it has implemented key policies such as conflict of interest, whistleblower, and document retention, all of which are critical for maintaining transparency and trust among stakeholders.
However, while the overall rating is favorable, potential donors may want to consider the organization’s specific programs and outcomes to fully assess its impact. The financial health is clear, but further details on the effectiveness of its initiatives would provide a more comprehensive understanding of its contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Daisy Housing Development Fund Corporation legitimate?
Daisy Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Daisy Housing Development Fund 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: $46,881
For more financial information, click here
What is the mission statement of Daisy Housing Development Fund Corporation?
The Daisy Housing Development Fund Corporation is dedicated to providing a mission of creating affordable housing for individuals with low income, specifically focusing on the elderly population. Established on a non-profit basis, the organization developed housing and associated services to cater to this specific demographic's needs. The Daisy Housing Development Fund Corporation showcases its commitment to this cause by maintaining an affordable housing complex in a city, without providing specific location details.
Who is the CEO of Daisy Housing Development Fund Corporation?
Rev Errol E Hunt is the President of Daisy Housing Development Fund Corporation.
What is the revenue of Daisy Housing Development Fund Corporation?
Daisy Housing Development Fund Corporation's revenue in 2022 was $168,758.
Who are the executives of Daisy Housing Development Fund Corporation and what are their salaries?
The average compensation at Daisy Housing Development Fund Corporation during 2022 was $11,720. There are 4 employees and 8 volunteers at Daisy Housing Development Fund Corporation.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $20,000
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $20,900
- Other: $0
Where can I find the form 990 for Daisy Housing Development Fund Corporation?
Daisy Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Daisy Housing Development Fund Corporation
Daisy Housing Development Fund Corporation, a non-profit organization, is dedicated to providing affordable housing solutions for elderly individuals with low income. Established with a mission in mind, the corporation developed housing and associated services, offering a sanctuary for this specific demographic. The organization operates a 21-unit affordable housing complex in the City of Rochester, New York, ensuring that elderly individuals in need have access to suitable living arrangements. By providing affordable housing, Daisy Housing Development Fund Corporation aims to support and uplift this vulnerable group, enabling them to maintain a dignified quality of life.
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Impact
October, 2024
Daisy Housing Development Fund Corporation plays a crucial role in addressing the housing needs of low-income elderly individuals by maintaining a 21-unit affordable housing complex in Rochester, New York. By providing stable and affordable living arrangements, the organization helps seniors find a secure and supportive environment that enhances their quality of life. This initiative not only offers shelter but also fosters a sense of community among residents, contributing to their emotional well-being and social connectivity. Through its mission, the corporation effectively mitigates housing insecurity for elderly individuals, allowing them to live with dignity and independence while accessing necessary services tailored to their unique needs.
This information is meant to be a general summary of Daisy Housing Development Fund 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8
- Program Service Revenue: $168,750
- Gross Receipts: $168,758
Assets and Liabilities:
- Total Assets: $1,327,706
- Total Liabilities: $2,198,023
- Net Assets: -$870,317
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD Tenant Assistance
Revenue
$98,512
Tenant Rental Charges
Revenue
$65,338
Cable Income
Revenue
$4,900
Organization Details
Founding Year
2001
Phone
(585) 546-4701Principal Officer
Rev Errol E Hunt
Main Address
550 Clarissa Street, Rochester, NY, 14608
NTEE Category
Code: L22 - Housing
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