Overview
What is Redfield South Housing Development Fund Company Inc?
Redfield South Housing Development Fund Company Inc, based in Fayetteville, New York, is a nonprofit organization dedicated to providing affordable housing for low-income individuals. Established under Section 202 of the National Housing Act, the corporation's primary mission is to develop, own, and operate a 50-unit housing project on a nonprofit basis. This project aims to cater to the housing needs of individuals who fall under the low-income category, contributing to a more inclusive and equitable community.
Official website here: www.christopher-community.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Redfield South Housing Development Fund Company Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 82% in the Accountability & Finance category. This rating is based on a comprehensive assessment of the organization's financial practices, emphasizing transparency and responsible management of resources. The significant reliance on the Accountability & Finance score indicates a strong commitment to proper governance and operational integrity.
The organization excels in several areas, demonstrating effective governance with a fully independent board comprised of ten members, which has earned it top marks. Additionally, there are no reported material diversions of assets, and it maintains clear policies related to conflicts of interest, whistleblower protections, and document retention. These factors contribute to the organization's high program expense ratio of 84.58%, showcasing a dedication to directing funds towards its mission rather than administrative costs.
While the rating is strong, it is important for potential donors and supporters to consider that this evaluation is primarily based on financial metrics. There may be additional qualitative factors regarding program effectiveness and community impact that are not captured in this rating. Nonetheless, the high score in accountability reflects positively on the organization's overall financial health and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Redfield South Housing Development Fund Company Inc legitimate?
Redfield South Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redfield South 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: $104,802
For more financial information, click here
Official website here: www.christopher-community.org
What is the mission statement of Redfield South Housing Development Fund Company Inc?
Redfield South Housing Development Fund Company Inc was established with a specific purpose: to develop, manage, and operate a low-income housing project on a non-profit basis, in compliance with Section 202 of the National Housing Act. The corporation's primary objective is to provide affordable housing solutions for individuals with limited income. They operate a 50-unit low-income housing project, continuing their commitment to this mission. The company's work is instrumental in addressing the housing needs of a significant portion of the population, thereby contributing to the broader community.
Official website here: www.christopher-community.org
Who is the CEO of Redfield South Housing Development Fund Company Inc?
Rev Thomas Ryan is the Board President of Redfield South Housing Development Fund Company Inc.
Official website here: www.christopher-community.org
What is the revenue of Redfield South Housing Development Fund Company Inc?
Redfield South Housing Development Fund Company Inc's revenue in 2022 was $467,597.
Official website here: www.christopher-community.org
Who are the executives of Redfield South Housing Development Fund Company Inc and what are their salaries?
There 6 volunteers at Redfield South Housing Development Fund Company Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
Official website here: www.christopher-community.org
Where can I find the form 990 for Redfield South Housing Development Fund Company Inc?
Redfield South Housing Development Fund Company 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 Redfield South Housing Development Fund Company Inc
Redfield South Housing Development Fund Company Inc, a nonprofit organization, was established with a specific purpose: to develop, manage, and operate a low-income housing project. In line with Section 202 of the National Housing Act, this corporation operates its 50-unit housing project on a nonprofit basis. The mission of Redfield South Housing Development Fund Company Inc is to provide affordable housing solutions for individuals who fall under the low-income bracket, offering them a safe and comfortable living environment. By adhering to its mission, the company contributes to the betterment of the community by addressing the housing needs of its residents, thereby promoting social equality and stability.
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Impact
July, 2024
Redfield South Housing Development Fund Company Inc's impact lies in providing affordable housing solutions to low-income individuals in Fayetteville, NY. Through the operation of a 50-unit low-income housing project based on the Redfield South Housing Development Fund Company Inc model, this organization is directly addressing the pressing issue of housing insecurity in the community. By focusing on the provisions of Section 202 of the National Housing Act, Redfield South Housing Development Fund Company Inc plays a crucial role in ensuring that individuals and families have access to safe and affordable housing options. Their mission to develop, own, and operate this housing project showcases their dedication to creating a positive impact on the lives of those in need. Through their housing initiatives, this organization is contributing to the overall well-being and stability of the community.
This information is meant to be a general summary of Redfield South 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 2022.
- Investment Income: $536
- Program Service Revenue: $464,332
- Gross Receipts: $467,597
Assets and Liabilities:
- Total Assets: $1,255,735
- Total Liabilities: $1,517,270
- Net Assets: -$261,535
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - HUD
Revenue
$279,468
RENTAL INCOME - TENANT
Revenue
$184,864
Organization Details
Founding Year
1985
Phone
(315) 424-1821Principal Officer
Rev Thomas Ryan
Main Address
380 SALT SPRINGS ROAD, FAYETTEVILLE, NY, 13066
NTEE Category
Code: L20 - Housing
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