Overview
What is 16 Dutch Housing Development Fund Corporation?
The 16 Dutch Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 150 Elizabeth Street, New York, NY 10012. Their primary mission revolves around serving as the legal owner of an affordable residential condominium unit, which houses 28 apartments. The organization rents out these units, with the exception of one superintendent unit, to low-income individuals or families who meet the criteria under the Low Income Housing Plan agreement with NYC HPD. The organization's role is to nominaly own and operate this condominium unit, ensuring that affordable housing remains accessible for those in need within the New York City area.
Official website here: www.cpc-nyc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Stars
The 16 Dutch Housing Development Fund Corporation has earned an 82% rating from Charity Navigator, indicating a solid performance in accountability and finance. The rating reflects a strong emphasis on governance, with a fully independent board and no noted diversion of assets. These factors contribute positively to the organization's transparency and reliability in managing its resources.
The organization showcases commendable program expense efficiency, with a program expense ratio of 76.78%, which suggests that a significant portion of its funding goes directly to programmatic activities. Additionally, it has established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, further enhancing its credibility.
However, the organization has a lower score in the liabilities to assets ratio, standing at 71.63%, which may raise concerns about its financial leverage and stability. While the overall rating is favorable, potential donors and stakeholders should consider this aspect when evaluating the fund's long-term financial health.
This AI summary has been generated from information found on Charity Navigator.
Is 16 Dutch Housing Development Fund Corporation legitimate?
16 Dutch Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 16 Dutch 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: $0
For more financial information, click here
Official website here: www.cpc-nyc.org
What is the mission statement of 16 Dutch Housing Development Fund Corporation?
The 16 Dutch Housing Development Fund Corporation operates and legally owns a condominium unit, primarily consisting of affordable residential apartments. This housing is exclusively designed for low-income individuals or families who meet the eligibility criteria under the Low Income Housing Plan regulatory agreement with NYC Housing, Preservation and Development (HPD). The organization serves as the beneficial owner, renting out all but one superintendent unit within this condominium to qualified low-income individuals or families, thereby contributing to affordable housing solutions.
Official website here: www.cpc-nyc.org
Who is the CEO of 16 Dutch Housing Development Fund Corporation?
Wayne Ho is the CEO of 16 Dutch Housing Development Fund Corporation The CEO's salary of 16 Dutch Housing Development Fund Corporation is $0 and their total compensation is $286,677.
Official website here: www.cpc-nyc.org
What is the revenue of 16 Dutch Housing Development Fund Corporation?
16 Dutch Housing Development Fund Corporation's revenue in 2023 was $583,088.
Official website here: www.cpc-nyc.org
Who are the executives of 16 Dutch Housing Development Fund Corporation and what are their salaries?
There 5 volunteers at 16 Dutch Housing Development Fund Corporation.
Here are 11 key members and their salaries (16 Dutch Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $286,677):
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $116,217
- Other: $7,639
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $266,474
- Other: $20,203
- Compensation: $0
- Related: $206,003
- Other: $7,639
Official website here: www.cpc-nyc.org
Where can I find the form 990 for 16 Dutch Housing Development Fund Corporation?
16 Dutch Housing Development Fund Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cpc-nyc.org
Learn more at the official website: www.cpc-nyc.org
Mission Statement of 16 Dutch Housing Development Fund Corporation
The 16 Dutch Housing Development Fund Corporation serves a critical mission in providing affordable housing solutions for low-income individuals and families. As the legal owner of a condominium unit, this organization operates and nominally owns a residential apartment building, ensuring that its units are exclusively dedicated to individuals and families who meet the eligibility criteria under the Low Income Housing Plan regulatory agreement with NYC Housing, Preservation and Development (HPD). The Corporation's mission is to act as the beneficial owner, renting out all but one superintendent unit in the condominium to those who qualify under the Low Income Housing Plan agreement with HPD. By doing so, the 16 Dutch Housing Development Fund Corporation plays a significant role in addressing the housing needs of those in need, thereby contributing to their overall well-being.
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Impact
August, 2024
The impact of 16 Dutch Housing Development Fund Corporation is significant as it provides a valuable service by operating and nominally owning a condominium unit consisting of residential apartments dedicated exclusively to low-income individuals or families who qualify under the applicable low-income housing plan regulatory agreement with NYC Housing, Preservation, and Development (HPD). This plays a crucial role in addressing the affordable housing crisis in New York City, ensuring that those in need have access to safe and affordable housing options. By offering these affordable residential apartments, the organization contributes directly to improving the quality of life for low-income individuals and families in the city. Additionally, their focus on serving this specific demographic aligns with their mission of promoting equitable access to housing opportunities for those most in need.
This information is meant to be a general summary of 16 Dutch 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 2023.
- Investment Income: $196,321
- Gross Receipts: $583,088
Assets and Liabilities:
- Total Assets: $1,150,138
- Total Liabilities: $823,877
- Net Assets: $326,261
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Organization Details
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