Overview
What is Rochester Civic Housing Inc?
Rochester Civic Housing Inc is a nonprofit organization situated in Rochester, New York, specifically at 249 Norton Village Lane. Their primary mission is to aid in the development of affordable housing for qualified low-income residents. To achieve this goal, they support three apartment complexes that cater to individuals who fall under this income category. By doing so, they contribute significantly to the community, ensuring that housing remains accessible for those who require it most.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Rochester Civic Housing Inc has received a score of 54%, which results in a One-Star rating from Charity Navigator. This score indicates significant concerns regarding the charity's financial performance, particularly in its program expense ratio, which stands at 0%. This suggests that the organization may not be allocating funds effectively towards its mission-related activities.
On the positive side, the charity demonstrates strong accountability and governance practices. It has a fully independent board with a majority of 85% independent members and scores well in areas such as financial oversight and conflict of interest policies. Additionally, there are no reported material diversions of assets, which reflects a commitment to maintaining integrity within its operations.
However, the major limitation highlighted by the rating is the low program expense ratio, indicating that little to no funds are being directed towards programs that fulfill the organization’s stated mission. This raises concerns about the effectiveness of the charity in achieving its goals and delivering value to the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Rochester Civic Housing Inc legitimate?
Rochester Civic Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Civic Housing 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: $0
For more financial information, click here
What is the mission statement of Rochester Civic Housing Inc?
Rochester Civic Housing Inc's mission is centered around assisting in the development of affordable housing opportunities for qualified low-income residents. The organization strives to provide such housing, working towards the betterment of those in need. To accomplish this, they support three apartment complexes, catering to qualified low-income residents. In essence, Rochester Civic Housing Inc is dedicated to making affordable housing a reality for its target demographic.
Who is the CEO of Rochester Civic Housing Inc?
Margaret J Hill is the President of Rochester Civic Housing Inc.
What is the revenue of Rochester Civic Housing Inc?
Rochester Civic Housing Inc's revenue in 2022 was $1,606,382.
Who are the executives of Rochester Civic Housing Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $223,822
- Other: $17,994
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $127,470
- Other: $2,431
Where can I find the form 990 for Rochester Civic Housing Inc?
Rochester Civic Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rochester Civic Housing Inc
Rochester Civic Housing Inc is dedicated to aiding in the creation of affordable housing options for qualified low-income residents. Their mission is twofold: firstly, they strive to develop affordable housing, and secondly, they provide such housing to those who fall under the low-income category. This nonprofit organization supports three apartment complexes that cater specifically to this demographic, ensuring that affordable housing remains readily available. By assisting in the development and provision of such housing, Rochester Civic Housing Inc plays a significant role in contributing to the well-being and stability of its community.
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Impact
October, 2024
Rochester Civic Housing Inc plays a vital role in addressing the affordable housing crisis for low-income residents in Rochester, NY. By focusing on the development and support of three apartment complexes, it ensures that qualified individuals and families have access to safe and affordable living conditions. This initiative significantly improves the quality of life for residents, promoting stability and community growth. The availability of affordable housing not only alleviates financial stress for low-income families but also contributes to the overall vitality of the neighborhood, fostering a sense of belonging and encouraging long-term residence in the community. Their impact extends beyond housing, as they help to create a more inclusive environment where all residents have the opportunity to thrive.
This information is meant to be a general summary of Rochester Civic Housing 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: $57,955
- Gross Receipts: $1,753,742
Assets and Liabilities:
- Total Assets: $38,732,090
- Total Liabilities: $526,510
- Net Assets: $38,205,580
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Organization Details
Founding Year
1948
Phone
(585) 467-2442Principal Officer
Margaret J Hill
Main Address
249 Norton Village Lane, Rochester, NY, 14609
NTEE Category
Code: L200 - Housing
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