Overview
What is Northside Church Of Christ Housing Development Fund Company Inc?
Northside Church of Christ Housing Development Fund Company Inc is a nonprofit organization situated in Rochester, New York. With a focus on serving the needs of low-income elderly individuals, they oversee a 22-unit apartment complex. Their primary mission, as per the Housing Act of 1959, is to construct, substantially rehabilitate, or acquire housing facilities for this specific demographic. The company plays a significant role in providing shelter and support for this vulnerable population, aiming to improve their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 45%, Zero-Star out of Four Star rating. This rating indicates significant concerns regarding the accountability and financial practices of Northside Church Of Christ Housing Development Fund Company Inc. Despite a high score for having 100% independent board members, the organization fails to meet several key transparency criteria.
The nonprofit has a strong program expense ratio of 71.73%, which indicates a focus on its mission-related activities. However, the lack of essential policies, such as a conflict of interest policy, whistleblower policy, and missing documentation for board meetings, raises serious questions about governance and operational integrity.
Additionally, the organization's liabilities to assets ratio is concerning at 152.71%, suggesting potential financial instability. Overall, while there are strengths in certain areas, the numerous shortcomings in governance and transparency contribute to the low rating.
This AI summary has been generated from information found on Charity Navigator.
Is Northside Church Of Christ Housing Development Fund Company Inc legitimate?
Northside Church Of Christ Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northside Church Of Christ 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,275
For more financial information, click here
What is the mission statement of Northside Church Of Christ Housing Development Fund Company Inc?
Northside Church of Christ Housing Development Fund Company Inc's mission is centered around providing housing solutions for low-income elderly individuals. As outlined under Section 202 of the Housing Act of 1959, their mission involves constructing, substantially rehabilitating, or acquiring housing units specifically designed for this demographic. The company's primary objective is to improve living conditions and provide a suitable home environment for these individuals, serving a total of 17 clients through a 22-unit apartment complex.
What is the revenue of Northside Church Of Christ Housing Development Fund Company Inc?
Northside Church Of Christ Housing Development Fund Company Inc's revenue in 2024 was $127,420.
Who are the executives of Northside Church Of Christ Housing Development Fund Company Inc and what are their salaries?
There 1 volunteer at Northside Church Of Christ Housing Development Fund Company Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Northside Church Of Christ Housing Development Fund Company Inc?
Northside Church Of Christ Housing Development Fund Company Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Northside Church Of Christ Housing Development Fund Company Inc
Northside Church of Christ Housing Development Fund Company Inc is dedicated to a mission that involves constructing, substantially rehabilitating, or acquiring housing for individuals who fall under the category of low income elderly. This mission aligns with Section 202 of the Housing Act of 1959. The organization's primary goal is to provide suitable living accommodations for this specific group of individuals, ensuring their needs are met in terms of housing. As of now, they have successfully developed and overseen a 22-unit apartment complex, serving 17 low income elderly individuals. This initiative by Northside Church of Christ Housing Development Fund Company Inc is a significant step towards addressing the housing needs of this overlooked demographic in society.
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Impact
October, 2024
Northside Church Of Christ Housing Development Fund Company Inc significantly impacts the community by addressing the critical need for affordable housing for low-income elderly individuals. By developing and overseeing a 22-unit apartment complex in Rochester, NY, the organization provides safe and accessible living options for vulnerable populations, directly serving 17 clients. This initiative not only improves the quality of life for the elderly but also fosters a supportive community environment. The focus on construction, substantial rehabilitation, and acquisition of housing under the mission defined by Section 202 of the Housing Act of 1959 ensures that these individuals have access to essential resources and stable housing, which are crucial for their well-being and independence.
This information is meant to be a general summary of Northside Church Of Christ 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 2024.
- Investment Income: $127
- Program Service Revenue: $66,460
- Gross Receipts: $127,420
Assets and Liabilities:
- Total Assets: $1,158,059
- Total Liabilities: $1,768,505
- Net Assets: -$610,446
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Rental Income
Revenue
$66,352
Laundry and Vending
Revenue
$108
Organization Details
Founding Year
1985
Principal Officer
Jerry Carter
NTEE Category
Code: L20 - Housing
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