Overview
What is Pitcher Hill Housing Development Fund Company Inc?
Pitcher Hill Housing Development Fund Company Inc is a nonprofit organization situated in Syracuse, New York, with the primary mission of providing affordable housing for the elderly. Established under Section 202 of the National Housing Act, the corporation was specifically organized to develop, own, and manage a low-income housing project, operating on a non-profit basis in compliance with the Private Housing Finance Law of New York. With a dedicated workforce of six employees, Pitcher Hill Housing Development Fund Company Inc plays a significant role in contributing to the living arrangements of the elderly population in the community.
Official website here: www.christopher-community.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Pitcher Hill Housing Development Fund Company Inc has received an 81% rating from Charity Navigator, indicating a solid performance in organizational accountability and finance. The charity boasts a strong score in areas such as independent board governance, financial statement audits, and adherence to conflict of interest policies. The presence of a majority independent board signifies a commitment to integrity and transparency.
The organization demonstrates a high program expense ratio of 86.29%, reflecting its focus on utilizing funds effectively for its housing development initiatives. This suggests that a significant portion of its resources is directed towards its mission rather than administrative costs. The charity has also been rated positively in various aspects of financial management and policy implementation, which enhances its credibility.
However, the liability to assets ratio stands at 114.82%, indicating potential financial strain and a need for careful management of debts. This ratio may raise concerns about the long-term sustainability of the organization. Overall, while Pitcher Hill is commendable in many respects, attention to its financial leverage could enhance its stability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Pitcher Hill Housing Development Fund Company Inc legitimate?
Pitcher Hill Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pitcher Hill Housing Development Fund Company 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: $209,754
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.christopher-community.org
What is the mission statement of Pitcher Hill Housing Development Fund Company Inc?
Pitcher Hill Housing Development Fund Company Inc was established with a specific purpose: to develop, own, and operate low-income housing on a non-profit basis, adhering to Article XI of the Private Housing Finance Law of New York. Their primary mission is to provide affordable housing for the elderly, in alignment with Section 202 of the National Housing Act. The corporation aims to facilitate a living space for individuals with limited income, ensuring they can maintain a decent standard of living. Their operations are geared towards catering to the housing needs of the elderly population, thereby contributing to the well-being of this demographic.
Official website here: www.christopher-community.org
Who is the CEO of Pitcher Hill Housing Development Fund Company Inc?
Howard Krueger is the President of Pitcher Hill Housing Development Fund Company Inc.
Official website here: www.christopher-community.org
What is the revenue of Pitcher Hill Housing Development Fund Company Inc?
Pitcher Hill Housing Development Fund Company Inc's revenue in 2022 was $905,419.
Official website here: www.christopher-community.org
Who are the executives of Pitcher Hill Housing Development Fund Company Inc and what are their salaries?
The average compensation at Pitcher Hill Housing Development Fund Company Inc during 2022 was $34,959. There are 6 employees at Pitcher Hill Housing Development Fund Company Inc.
Here are 7 key members and their salaries:
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Official website here: www.christopher-community.org
Where can I find the form 990 for Pitcher Hill Housing Development Fund Company Inc?
Pitcher Hill Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.christopher-community.org
Learn more at the official website: www.christopher-community.org
Mission Statement of Pitcher Hill Housing Development Fund Company Inc
Pitcher Hill Housing Development Fund Company Inc, a non-profit organization, was established with a sole purpose and specific mission to develop, own, and operate a low-income housing project. This mission is in line with Article XI of the Private Housing Finance Law of New York State. The corporation's primary objective is to provide affordable housing for the elderly, in accordance with Code Section 202 of the National Housing Act. By offering low-income housing, Pitcher Hill Housing Development Fund Company Inc aims to contribute to the well-being of the elderly population, ensuring they have a safe and comfortable living environment.
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Impact
October, 2024
Pitcher Hill Housing Development Fund Company Inc significantly impacts the Syracuse community by providing essential low-income housing for the elderly. By developing, owning, and operating affordable housing under Section 202 of the National Housing Act, it addresses the critical need for accessible living options for seniors. This initiative not only enhances the quality of life for elderly residents but also fosters a supportive and inclusive community. By ensuring that vulnerable populations have stable housing, Pitcher Hill contributes to broader social stability and well-being in the region. Through its commitment to affordable housing, the organization plays a vital role in mitigating housing insecurity among seniors, ultimately enriching the fabric of the Syracuse community.
This information is meant to be a general summary of Pitcher Hill Housing Development Fund Company 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: $388
- Program Service Revenue: $882,639
- Gross Receipts: $905,419
Assets and Liabilities:
- Total Assets: $2,542,990
- Total Liabilities: $2,920,061
- Net Assets: -$377,071
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - NET OF
Revenue
$882,639
Organization Details
Founding Year
1980
Phone
(315) 424-1821Principal Officer
Howard Krueger
Main Address
990 JAMES STREET, SYRACUSE, NY, 13203
NTEE Category
Code: L22Z - Housing
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