Overview
What is South Jeff Hsg Dev Fundcoinc?
South Jeff Hsg Dev Fundcoinc is a nonprofit organization situated in Adams, New York, primarily focused on providing affordable housing for elderly and mobility-impaired individuals with low income. Established with a mission to offer housing assistance, the organization operates with a modest workforce of four employees. Their core activity revolves around subsidized rental housing, ensuring that eligible individuals have access to secure and suitable living spaces within their means.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The South Jeff Housing Development Fund Corporation has received a Two-Star rating from Charity Navigator, indicating that while there are some strengths, significant areas need improvement. With an overall score of 70%, the organization excels in transparency and governance, boasting a fully independent board and effective oversight measures. Key policies, including conflict of interest and whistleblower protections, are in place and well-documented.
However, the nonprofit struggles with financial stability, as indicated by its liabilities to assets ratio of 91.70%, which raises concerns about its ability to manage debts effectively. Additionally, the program expense ratio stands at 62.99%, suggesting that a larger portion of its budget may not be directed towards its core mission-related activities. These financial challenges are critical for stakeholders to consider when evaluating the organization's overall effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is South Jeff Hsg Dev Fundcoinc legitimate?
South Jeff Hsg Dev Fundcoinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Jeff Hsg Dev Fundcoinc 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: $140,020
For more financial information, click here
What is the mission statement of South Jeff Hsg Dev Fundcoinc?
South Jeff Housing Development Fundcoinc's mission is centered around providing affordable housing for the elderly and individuals with mobility impairments who have low income. This organization aims to make housing accessible for this specific demographic, ensuring they can live with dignity and independence. The primary activity of South Jeff Housing Development Fundcoinc involves offering HUD-subsidized rental housing, providing a secure and comfortable living environment for these individuals.
What is the revenue of South Jeff Hsg Dev Fundcoinc?
South Jeff Hsg Dev Fundcoinc's revenue in 2024 was $598,467.
Who are the executives of South Jeff Hsg Dev Fundcoinc and what are their salaries?
The average compensation at South Jeff Hsg Dev Fundcoinc during 2024 was $37,020.
Here are 4 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
Where can I find the form 990 for South Jeff Hsg Dev Fundcoinc?
South Jeff Hsg Dev Fundcoinc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of South Jeff Hsg Dev Fundcoinc
South Jeff Housing Development Fundcoinc, as its name suggests, is dedicated to providing low-income housing for elderly and mobility-impaired individuals. Their mission is centered around this objective, striving to offer a housing solution that cater to the unique needs of this vulnerable group. The organization achieves this through HUD-subsidized rental housing, ensuring that these individuals can live with dignity and independence, despite their financial constraints. By providing this essential service, South Jeff Housing Development Fundcoinc contributes significantly to the well-being of the elderly and mobility-impaired community, enabling them to maintain a decent standard of living.
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Impact
July, 2024
South Jeff Hsg Dev Fundcoinc's impact is significant as it provides HUD-subsidized rental housing for elderly and mobility-impaired individuals with low income in Adams, NY. Their mission to offer low-income housing to these vulnerable populations helps in ensuring their well-being and quality of life. By providing affordable and accessible housing options, South Jeff Hsg Dev Fundcoinc plays a crucial role in addressing housing insecurity among the elderly and mobility-impaired individuals in the community.
This information is meant to be a general summary of South Jeff Hsg Dev Fundcoinc. 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 2024.
- Investment Income: $2,182
- Program Service Revenue: $592,686
- Gross Receipts: $598,467
Assets and Liabilities:
- Total Assets: $2,046,670
- Total Liabilities: $1,907,592
- Net Assets: $139,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME-GROSS POTENTIAL
Revenue
$613,200
SPECIAL CLAIMS
Revenue
$7,523
VACANCY LOSS
Revenue
-$28,037
Organization Details
Founding Year
1994
Principal Officer
Linda Whitney
NTEE Category
Code: L20Z - Housing
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