Overview
What is Council Towers V Housing Development Fund Corporation C/O Met Council?
Council Towers V Housing Development Fund Corporation C/O Met Council is a nonprofit organization situated in New York City, specifically at 77 Water Street, 26th Floor. Their primary mission is to provide subsidized rental apartments for seniors and individuals with lower income. This initiative aims to ensure that these groups have access to affordable housing. The organization's activities are focused on offering housing assistance to meet the needs of its target demographic.
Official website here: www.metcouncil.org
What are the reviews and ratings of this charity?
Charity Navigator rates Council Towers V Housing Development Fund Corporation C/O Met Council with a score of 74%, which corresponds to a Two-Star out of Four Star rating. This score indicates that while the organization meets some standards for accountability and finance, there are areas that require improvement. The organization has a solid performance in certain governance practices, such as having a majority of independent board members and comprehensive policies for conflict of interest and whistleblower protections.
One of the strengths highlighted in the rating is the effective management of program expenses, with 94.06% of their budget allocated to programs. Additionally, the organization maintains transparency through its financial statements, which are audited, and it lists essential governance policies on its website. However, it has been noted that there is a significant issue regarding its liabilities to assets ratio, standing at 141.34%, which raises concerns about financial sustainability.
Despite its strengths, some limitations are evident in the governance structure, particularly the lack of adequate independent board members, which impacts its overall accountability score. Furthermore, the absence of the Tax Form on the nonprofit's website, as required, affects compliance with transparency standards. Overall, while the organization demonstrates strong commitment to its mission, addressing these weaknesses would enhance its credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Council Towers V Housing Development Fund Corporation C/O Met Council legitimate?
Council Towers V Housing Development Fund Corporation C/O Met Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Council Towers V Housing Development Fund Corporation C/O Met Council 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
Official website here: www.metcouncil.org
What is the mission statement of Council Towers V Housing Development Fund Corporation C/O Met Council?
The Council Towers V Housing Development Fund Corporation, overseen by Met Council, is committed to providing subsidized rental apartments for senior citizens and individuals with lower income levels. Their primary objective is to offer housing assistance, ensuring that these groups can afford suitable living arrangements. This organization's mission is focused on making a positive impact on the lives of these individuals by providing them with affordable housing options. While the organization does not engage in extensive advocacy or research, its primary focus remains on addressing housing needs within the specified income brackets.
Official website here: www.metcouncil.org
Who is the CEO of Council Towers V Housing Development Fund Corporation C/O Met Council?
David G Greenfield is the Principal Officer of Council Towers V Housing Development Fund Corporation C/O Met Council. The CEO's salary of Council Towers V Housing Development Fund Corporation C/O Met Council is $0 and their total compensation is $650,366.
Official website here: www.metcouncil.org
What is the revenue of Council Towers V Housing Development Fund Corporation C/O Met Council?
Council Towers V Housing Development Fund Corporation C/O Met Council's revenue in 2022 was $755,036.
Official website here: www.metcouncil.org
Who are the executives of Council Towers V Housing Development Fund Corporation C/O Met Council and what are their salaries?
There 2 volunteers at Council Towers V Housing Development Fund Corporation C/O Met Council.
Here are 7 key members and their salaries (Council Towers V Housing Development Fund Corporation C/O Met Council's CEO's salary is $0 and their total compensation is $650,366):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $147,370
- Other: $14,546
- Compensation: $0
- Related: $108,762
- Other: $1,341
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $597,987
- Other: $52,379
- Compensation: $0
- Related: $140,429
- Other: $6,790
- Compensation: $0
- Related: $257,971
- Other: $2,170
Official website here: www.metcouncil.org
Where can I find the form 990 for Council Towers V Housing Development Fund Corporation C/O Met Council?
Council Towers V Housing Development Fund Corporation C/O Met Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.metcouncil.org
Learn more at the official website: www.metcouncil.org
Mission Statement of Council Towers V Housing Development Fund Corporation C/O Met Council
Council Towers V Housing Development Fund Corporation C/O Met Council, a nonprofit organization, is committed to providing subsidized rental apartments for senior citizens and individuals with lower incomes. Their mission is centered around offering housing assistance, ensuring that these vulnerable groups have access to affordable living spaces. By doing so, the organization aims to contribute positively to the lives of these individuals, providing them with a sense of security and stability.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Council Towers V Housing Development Fund Corporation C/O Met Council plays a crucial role in addressing housing needs for seniors and lower-income individuals in New York City. By providing subsidized rental apartments, this organization directly offers a safety net for vulnerable populations who may struggle to afford safe and stable housing. This initiative not only enhances the quality of life for seniors and low-income individuals but also alleviates some of the pressures on the broader housing market.
The availability of affordable housing options increases community stability, allowing seniors to age in place within a supportive environment. This is vital as it fosters social connections and reduces feelings of isolation. Additionally, by targeting low-income individuals, the organization helps to combat homelessness and housing insecurity, ensuring that a segment of the population has access to essential living conditions. Overall, Council Towers V significantly impacts the well-being of its residents and contributes positively to the fabric of the community.
This information is meant to be a general summary of Council Towers V Housing Development Fund Corporation C/O Met Council. 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: $8,167
- Program Service Revenue: $725,611
- Gross Receipts: $755,036
Assets and Liabilities:
- Total Assets: $11,519,321
- Total Liabilities: $16,281,671
- Net Assets: -$4,762,350
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$725,611
Organization Details
Founding Year
2006
Phone
(212) 453-9500Principal Officer
David G Greenfield
Main Address
77 WATER STREET 26TH FLOOR, NEW YORK, NY, 10005
Website
www.metcouncil.orgNTEE Category
Code: L21 - Housing
If you are a representative of Council Towers V Housing Development Fund Corporation C/O Met Council and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.