Overview
What is Tsi Properties I Inc?
Tsi Properties I Inc is a nonprofit organization based in Whinstone, New York, with a specific focus on providing support and housing for individuals with developmental disabilities. The organization, with its headquarters at 10-16 162 Street, aims to renovate and manage a residential facility to house twelve adults with severe mental illness. This facility, located in Corona, NY, is known as "The Property." Tsi Properties I Inc operates a supported apartment program for these individuals on the property, ensuring they receive the necessary care and assistance. The organization's mission is centered around enhancing the lives of adults with severe mental illness, offering them a safe and supportive living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Tsi Properties I Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scored a total of 94%, indicating a solid commitment to transparency and responsible management of its resources. The score is derived entirely from their Accountability & Finance rating, which highlights the charity's effective use of funding and adherence to best practices in governance.
The organization boasts a fully independent board, with all three members holding no conflicts of interest. This independence enhances the charity's credibility and reinforces its commitment to ethical governance. Additionally, there are no reported issues regarding the diversion of assets, and the charity has implemented robust policies for conflict of interest, whistleblower protections, and document retention, all of which contribute to a trustworthy operational framework.
With a program expense ratio of 87.29%, Tsi Properties I Inc demonstrates a strong focus on allocating funds directly to its programs, ensuring that a significant portion of donations supports its mission. While the charity's financial health appears solid, as indicated by a liabilities to assets ratio of 19.92%, ongoing transparency and accountability will be crucial for maintaining donor trust and support in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Tsi Properties I Inc legitimate?
Tsi Properties I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tsi Properties I 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: $3,220
For more financial information, click here
What is the mission statement of Tsi Properties I Inc?
Tsi Properties I Inc's mission revolves around renovating and operating a residential facility specifically catering to adults battling severe mental illness. This organization is committed to providing a safe and supportive living environment for these individuals, aiming to enhance their quality of life. It should be noted that Tsi Properties I Inc also operates a supported apartment program for adults with developmental disabilities within this facility.
Who is the CEO of Tsi Properties I Inc?
Larry S Grubler Psyd is the Assist Secret(Nonvoting)/Ceo-Tsiny of Tsi Properties I Inc. The CEO's salary of Tsi Properties I Inc is $0 and their total compensation is $385,278.
What is the revenue of Tsi Properties I Inc?
Tsi Properties I Inc's revenue in 2022 was $74,816.
Who are the executives of Tsi Properties I Inc and what are their salaries?
There 3 volunteers at Tsi Properties I Inc.
Here are 5 key members and their salaries (Tsi Properties I Inc's CEO's salary is $0 and their total compensation is $385,278):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $289,683
- Other: $95,595
- Compensation: $0
- Related: $198,425
- Other: $65,480
Where can I find the form 990 for Tsi Properties I Inc?
Tsi Properties I Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tsi Properties I Inc
Tsi Properties I Inc, as a nonprofit organization, is committed to renovating and operating a residential facility specifically designed for adults struggling with severe mental illness. Their mission is to provide a safe and supportive living environment, offering these individuals the opportunity to reside in a nurturing and caring space. The organization's primary objective is to operate this facility, which is essential in addressing the unique needs of individuals with severe mental illness, thereby promoting their overall well-being and quality of life. By renovating and operating this residential facility, Tsi Properties I Inc aims to contribute positively to the mental health community, providing a much-needed service for those in need.
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Impact
August, 2024
Tsi Properties I Inc's impact lies in its mission to renovate and operate a residential facility for adults with severe mental illness. Located in Whitestone, NY, Tsi Properties I Inc, designed to house 12 adults in Corona, NY, focuses on providing a supportive environment for individuals with developmental disabilities. This initiative plays a vital role in offering housing and support services to those in need, contributing positively to the community's welfare.
This information is meant to be a general summary of Tsi Properties I 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: $8
- Program Service Revenue: $40,092
- Gross Receipts: $74,816
Assets and Liabilities:
- Total Assets: $2,021,516
- Total Liabilities: $356,971
- Net Assets: $1,664,545
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$40,092
Organization Details
Founding Year
2006
Phone
(718) 746-6647Principal Officer
Larry S Grubler Psyd
Main Address
10-16 162 STREET, WHITESTONE, NY, 11357
NTEE Category
Code: L20 - Housing
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