Overview
What is Schoharie County Rural Preservation Corp?
Schoharie County Rural Preservation Corp is a nonprofit organization situated in Cobleskill, New York. Its primary mission is to offer housing assistance to families and individuals with moderate to low incomes. The corporation provides various services, such as technical support for home mortgage applicants, financial assistance for homes, rental aid, and repairs for homeowners. Additionally, Schoharie County Rural Preservation Corp manages a 263-unit Section 8 rental subsidiary program and operates two rural development senior housing sites, each with 24 units. The organization's workforce consists of 4 dedicated individuals, contributing to the betterment of housing and living conditions within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Schoharie County Rural Preservation Corp has earned an 84% score on Charity Navigator, which reflects a strong performance in accountability and finance. This score indicates that the organization maintains a solid structure in its financial management and governance, with a fully independent board and effective oversight practices.
The organization demonstrates a strong commitment to transparency, highlighted by their adherence to necessary policies such as conflict of interest and whistleblower protections. Additionally, their financial health is evidenced by a low liabilities-to-assets ratio, suggesting a stable financial position.
However, the program expense ratio indicates that only 62.16% of its budget is allocated to program services, which could be an area of improvement. Stakeholders may want to consider this aspect while evaluating the overall impact of the organization’s work.
This AI summary has been generated from information found on Charity Navigator.
Is Schoharie County Rural Preservation Corp legitimate?
Schoharie County Rural Preservation Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schoharie County Rural Preservation Corp 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: $79,548
Professional Fundraising Fees: $0
Other Salaries and Wages: $145,393
For more financial information, click here
What is the mission statement of Schoharie County Rural Preservation Corp?
The Schoharie County Rural Preservation Corp is committed to offering housing assistance to households with moderate to low income levels. Their services encompass providing technical assistance for home mortgages, offering financial aid for homes, administering rental assistance, and carrying out homeowner repair tasks. Beyond addressing housing and homeownership concerns in the community, the corporation also manages a Section 8 rental subsidy program and oversees two senior housing sites, each with 24 units.
Who is the CEO of Schoharie County Rural Preservation Corp?
Wanda King is the Treasurer of Schoharie County Rural Preservation Corp.
What is the revenue of Schoharie County Rural Preservation Corp?
Schoharie County Rural Preservation Corp's revenue in 2023 was $848,469.
Who are the executives of Schoharie County Rural Preservation Corp and what are their salaries?
The average compensation at Schoharie County Rural Preservation Corp during 2023 was $56,235. There are 4 employees and 4 volunteers at Schoharie County Rural Preservation Corp.
Here are 6 key members and their salaries:
- Compensation: $79,548
- 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Schoharie County Rural Preservation Corp?
Schoharie County Rural Preservation Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Schoharie County Rural Preservation Corp
Schoharie County Rural Preservation Corp, a nonprofit organization, is dedicated to serving households with moderate to low incomes. Its primary mission is to offer a range of housing services. This includes providing technical assistance to individuals seeking home mortgages, offering financial aid for homes, and administering rental assistance. Furthermore, the corporation addresses homeowner repair needs, ensuring that the community's residents can maintain their homes with ease. Beyond housing assistance, Schoharie County Rural Preservation Corp also manages two rural development senior housing sites, each accommodating 24 units. Additionally, the organization operates a Section 8 rental subsidiary program, housing 263 units, further expanding its scope of housing services.
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Impact
October, 2024
Schoharie County Rural Preservation Corp significantly impacts the community by providing essential housing services to households with very low to moderate incomes. By offering technical assistance to individuals in search of home mortgages, the organization helps many navigate the complexities of homeownership. It also provides financial assistance for home purchases and repairs, ensuring that families can maintain safe and stable living conditions.
The Corp plays a vital role in enhancing housing stability through its rental assistance programs, which alleviate the burden of housing costs for many residents. Moreover, it manages a 263-unit Section 8 rental subsidiary program, offering affordable rental options for those in need. With the administration of two rural development senior housing sites, featuring 24 units each, the organization caters specifically to the aging population, ensuring they have access to suitable housing.
Overall, Schoharie County Rural Preservation Corp not only supports individuals and families in obtaining and maintaining housing but also fosters a stronger and more stable community through its wide-ranging initiatives.
This information is meant to be a general summary of Schoharie County Rural Preservation Corp. 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: $1,584
- Program Service Revenue: $374,958
- Gross Receipts: $924,690
Assets and Liabilities:
- Total Assets: $1,437,184
- Total Liabilities: $100,227
- Net Assets: $1,336,957
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATION FEES
Revenue
$15,811
HOUSING VOUCHER ADMIN FEE
Revenue
$277,853
RECOUPMENT
USDA CLEANING FEE
Revenue
$14,956
USDA MANAGEMENT FEE
Revenue
$66,338
Organization Details
Phone
(518) 234-7604Principal Officer
Wanda King
Main Address
PO BOX 168, COBLESKILL, NY, 12043
NTEE Category
Code: L21B - Housing
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