Overview
What is Stoneleigh Housing Dev Fund Co Inc?
Stoneleigh Housing Dev Fund Co Inc is a nonprofit organization situated in Canastota, New York, with a specific mission. They operate a low-income housing project comprising 100 apartments, providing affordable living spaces for individuals in need. Established with the purpose of developing, owning, and managing this project under Section 202 of the National Housing Act, Stoneleigh Housing Dev Fund Co Inc is committed to contributing to the community by offering housing solutions on a non-profit basis.
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 Stars)
Stoneleigh Housing Development Fund Co Inc has received an 81% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score is a reflection of the charity's commitment to transparency and effective financial management, with a perfect score in several key areas, including the independence of its board members and the thoroughness of its financial audits.
The organization boasts a fully independent board and demonstrates strong governance practices, such as having a comprehensive conflict of interest policy and a whistleblower policy in place. Additionally, its impressive program expense ratio of 84.66% signifies that a majority of its expenses are directed towards its programs, which further enhances its credibility and effectiveness in fulfilling its mission.
While the overall score is commendable, potential donors and supporters may want to keep in mind that the rating is derived solely from its accountability and finance metrics. No additional aspects of the charity's impact or programs are reflected in this score, which may be a consideration for those looking for a more holistic view of the organization's performance.
This AI summary has been generated from information found on Charity Navigator.
Is Stoneleigh Housing Dev Fund Co Inc legitimate?
Stoneleigh Housing Dev Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stoneleigh Housing Dev Fund Co 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: $111,307
For more financial information, click here
Official website here: www.christopher-community.org
What is the mission statement of Stoneleigh Housing Dev Fund Co Inc?
Stoneleigh Housing Dev Fund Co Inc was established with a specific purpose: to develop, manage, and operate a low-income housing project on a non-profit basis. According to the National Housing Act's Section 202, this corporation's mission is centered around providing affordable housing solutions for individuals with lower income levels. The organization operates a 100-unit apartment complex, dedicating its resources to this cause, ensuring that these homes are available and accessible to individuals who need them most.
Official website here: www.christopher-community.org
Who is the CEO of Stoneleigh Housing Dev Fund Co Inc?
Robert Napoli is the President of Stoneleigh Housing Dev Fund Co Inc.
Official website here: www.christopher-community.org
What is the revenue of Stoneleigh Housing Dev Fund Co Inc?
Stoneleigh Housing Dev Fund Co Inc's revenue in 2022 was $862,481.
Official website here: www.christopher-community.org
Who are the executives of Stoneleigh Housing Dev Fund Co Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.christopher-community.org
Where can I find the form 990 for Stoneleigh Housing Dev Fund Co Inc?
Stoneleigh Housing Dev Fund Co 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 Stoneleigh Housing Dev Fund Co Inc
Stoneleigh Housing Development Fund Co Inc, a nonprofit organization, was established with a specific purpose: to develop, manage, and operate a low-income housing project. Adhering to Section 202 of the National Housing Act, the corporation operates a housing project consisting of 100 apartments, providing affordable living spaces for individuals who fall under the low-income bracket. Stoneleigh Housing Development Fund Co Inc is dedicated to this task on a not-for-profit basis, ensuring that the provision of affordable housing remains a priority and accessible to those who need it most.
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
Stoneleigh Housing Dev Fund Co Inc plays a vital role in addressing the housing needs of low-income individuals and families in Canastota, NY. By operating a low-income housing project comprising 100 apartments, the organization provides essential affordable living options, thereby contributing to the stability and well-being of the community.
The development is specifically designed to support those with limited financial resources, ensuring access to safe and decent housing. This initiative not only alleviates housing insecurity but also fosters a sense of belonging and community among residents. Through the application of Section 202 of the National Housing Act, Stoneleigh Housing Dev Fund Co Inc is dedicated to creating sustainable living environments, enhancing the quality of life for its residents, and promoting social equity within the housing sector.
This information is meant to be a general summary of Stoneleigh Housing Dev Fund Co 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: $728
- Program Service Revenue: $794,240
- Gross Receipts: $862,481
Assets and Liabilities:
- Total Assets: $2,077,963
- Total Liabilities: $2,303,224
- Net Assets: -$225,261
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.
RENT NET OF VACANY LOS
Revenue
$794,240
Organization Details
Founding Year
1980
Phone
(315) 424-1821Principal Officer
Robert Napoli
Main Address
400 LAMB AVENUE, CANASTOTA, NY, 13032
NTEE Category
Code: L21 - Housing
If you are a representative of Stoneleigh Housing Dev Fund Co Inc 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.