Overview
What is Steepleview Housing Development Fun?
Steepleview Housing Development Fund is a nonprofit organization with a mission to provide affordable housing solutions for elderly and disabled individuals. By leveraging rural development subsidies, this organization strives to make low-income housing accessible, ensuring these vulnerable populations have a secure living environment. Their primary focus is on rural areas, offering a much-needed service to those who might otherwise face housing challenges.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
Steepleview Housing Development Fund has received a Two-Star rating from Charity Navigator, indicating that it demonstrates some accountability and finance transparency, but there are significant concerns regarding its financial health. The rating is based entirely on its Accountability & Finance score of 65, which reflects solid governance practices, such as an entirely independent board and no diversion of assets. The organization has also established a conflict of interest policy and documents board meeting minutes, contributing positively to its overall score.
However, the organization's financial metrics raise red flags, particularly its liabilities to assets ratio of 191.82%, which is significantly above the acceptable threshold. This suggests potential financial instability that could impact its operations and long-term sustainability. While the program expense ratio is commendable at 80.08%, indicating a strong commitment to its mission-related activities, the financial liabilities present a concerning aspect that stakeholders and potential donors should consider.
In summary, while Steepleview Housing Development Fund has established good governance and operational practices, its financial challenges could pose risks. Donors are encouraged to weigh these factors carefully when considering support, as the organization's financial health may affect its ability to fulfill its mission effectively in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Steepleview Housing Development Fun legitimate?
Steepleview Housing Development Fun is a legitimate nonprofit organization registered as a 501(c)(3) entity. Steepleview Housing Development Fun 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: $34,874
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What is the mission statement of Steepleview Housing Development Fun?
The Steepleview Housing Development Fund is dedicated to providing affordable housing solutions for elderly and disabled individuals. They accomplish this goal by leveraging rural development subsidies, thereby expanding the availability of low-income housing options. The organization's mission is centered around offering a place of residence for those in need, ensuring they can maintain a comfortable living situation. This commitment to social responsibility aims to improve the quality of life for these vulnerable groups.
Who is the CEO of Steepleview Housing Development Fun?
Diana Cafferty is the Secretary of Steepleview Housing Development Fun.
What is the revenue of Steepleview Housing Development Fun?
Steepleview Housing Development Fun's revenue in 2022 was $173,965.
Who are the executives of Steepleview Housing Development Fun and what are their salaries?
The average compensation at Steepleview Housing Development Fun during 2022 was $11,625. There are 3 employees at Steepleview Housing Development Fun.
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Where can I find the form 990 for Steepleview Housing Development Fun?
Steepleview Housing Development Fun's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Steepleview Housing Development Fun
Steepleview Housing Development Fund is a nonprofit organization committed to providing affordable housing solutions for elderly and disabled individuals. Utilizing rural development subsidies, this organization seeks to make low-income housing a reality for these vulnerable populations. By offering suitable living spaces, Steepleview Housing Development Fund aims to enhance the quality of life for its residents, ensuring they have access to a safe and comfortable living environment. The fund's mission is rooted in the belief that everyone deserves a place to call home, regardless of their financial circumstances or physical abilities.
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Impact
October, 2024
Steepleview Housing Development Fund significantly impacts the community by providing essential low-income housing opportunities specifically for elderly and disabled individuals. By utilizing rural development subsidies, it addresses a critical need for affordable housing in Derby, NY, ensuring that vulnerable populations have access to safe and secure living conditions.
This initiative not only enhances the quality of life for its residents but also fosters a sense of community by allowing individuals facing financial challenges to reside in an environment conducive to their needs. The presence of stable housing options can lead to improved health outcomes and increased independence for elderly and disabled individuals. Additionally, the development creates a supportive atmosphere, promoting social interaction and reducing isolation, which is particularly vital for these groups.
Overall, the Steepleview Housing Development Fund plays a crucial role in uplifting marginalized members of society, thereby contributing to the overall well-being and sustainability of the community.
This information is meant to be a general summary of Steepleview Housing Development Fun. 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: $19
- Program Service Revenue: $157,250
- Gross Receipts: $173,965
Assets and Liabilities:
- Total Assets: $277,052
- Total Liabilities: $539,781
- Net Assets: -$262,729
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$157,250
Organization Details
Founding Year
1984
Principal Officer
Diana Cafferty
Main Address
1045 STURGEON POINT ROAD, DERBY, NY, 14047
NTEE Category
Code: L22 - Housing
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