Overview
What is Providence Yates Housing Development Fund Corporation Inc?
Providence Yates Housing Development Fund Corporation Inc is a nonprofit organization situated in Rochester, New York, with an address at 1150 Buffalo Road. Their primary objective is to offer low-income housing for individuals with developmental disabilities. The company's mission is to cater to the unique physical, social, and psychological needs of the disabled, ensuring their health, safety, and overall well-being through specially designed housing facilities and services. This commitment aims to enhance their quality of life and promote longer living.
Official website here: www.cccsrochester.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59% (One-Star out of Four Stars)
Providence Yates Housing Development Fund Corporation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability. The overall score is based entirely on the Accountability & Finance beacon, reflecting potential issues that may affect donor trust. The organization demonstrates compliance in several areas, such as having a conflict of interest policy and maintaining documented board meeting minutes. However, it faces challenges with its board independence and financial ratios.
One notable strength is that the organization has a whistleblower policy and a documented retention policy, both of which contribute positively to its governance practices. Additionally, it has shown no material diversion of assets, indicating a level of integrity in managing resources. However, the board's independence is a concern, with only 37% of members being independent, which may limit objective oversight.
Moreover, the financial metrics reveal troubling signs, such as a liabilities-to-assets ratio of 172.82%, suggesting significant financial risk. The program expense ratio is also underwhelming at 59.99%, raising questions about the allocation of funds towards mission-related programs. Overall, while the organization has established some good governance practices, its financial health and board independence require improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Yates Housing Development Fund Corporation Inc legitimate?
Providence Yates Housing Development Fund Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Yates Housing Development Fund Corporation 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: $15,813
For more financial information, click here
Official website here: www.cccsrochester.org
What is the mission statement of Providence Yates Housing Development Fund Corporation Inc?
The mission of Providence Yates Housing Development Fund Corporation Inc, as stated, is to serve the needs of individuals with developmental disabilities by providing them with housing facilities and services tailored to meet their physical, social, and psychological requirements. Its purpose is to enhance their health, security, and overall happiness, aiming for their longer-term well-being. The corporation primarily engages in the rental of residential properties designed to cater to the unique needs of this specific population.
Official website here: www.cccsrochester.org
Who is the CEO of Providence Yates Housing Development Fund Corporation Inc?
Lori Vanauken is the President & Treasurer of Providence Yates Housing Development Fund Corporation Inc.
Official website here: www.cccsrochester.org
What is the revenue of Providence Yates Housing Development Fund Corporation Inc?
Providence Yates Housing Development Fund Corporation Inc's revenue in 2022 was $50,945.
Official website here: www.cccsrochester.org
Who are the executives of Providence Yates Housing Development Fund Corporation Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $83,233
- Other: $16,893
- Compensation: $0
- Related: $190,648
- Other: $20,916
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- Other: $0
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- Related: $71,528
- Other: $9,964
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cccsrochester.org
Where can I find the form 990 for Providence Yates Housing Development Fund Corporation Inc?
Providence Yates Housing Development Fund Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cccsrochester.org
Learn more at the official website: www.cccsrochester.org
Mission Statement of Providence Yates Housing Development Fund Corporation Inc
Providence Yates Housing Development Fund Corporation Inc is a nonprofit organization with a mission to provide low-income housing specifically tailored to meet the physical, social, and psychological needs of individuals with developmental disabilities. The company's primary goal is to enhance the quality of life for these individuals, promoting their health, security, and overall happiness through longer living. To accomplish this, Providence Yates Hires out residential properties that cater to the unique needs of the developmentally disabled population. By doing so, the organization aims to provide a safe and supportive environment where these individuals can thrive and lead fulfilling lives.
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Impact
August, 2024
Providence Yates Housing Development Fund Corporation Inc's impact is seen in its provision of much-needed low-income housing for the developmentally disabled in Rochester, NY. By offering specially designed housing facilities and services that cater to the physical, social, and psychological needs of this vulnerable population, the organization promotes their health, security, and overall well-being in a supportive living environment. Through its dedicated mission, Providence Yates Housing Development Fund Corporation Inc contributes positively to the lives of the developmentally disabled individuals it serves, fostering a sense of community and enabling them to lead fulfilling lives.
This information is meant to be a general summary of Providence Yates Housing Development Fund Corporation 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: $14
- Program Service Revenue: $22,401
- Gross Receipts: $50,945
Assets and Liabilities:
- Total Assets: $333,728
- Total Liabilities: $576,765
- Net Assets: -$243,037
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$22,401
Organization Details
Founding Year
1994
Phone
(585) 328-3210Principal Officer
Lori Vanauken
Main Address
1150 Buffalo Road, Rochester, NY, 14624
Website
www.cccsrochester.orgNTEE Category
Code: L21 - Housing
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