Overview
What is Schenectady B'Nai B'Rith Housing Development Fund Company Inc?
Schenectady B'Nai B'Rith Housing Development Fund Company Inc is a nonprofit organization that focuses on providing housing solutions for individuals with low and moderate income levels. Specifically, they offer 50 units of housing to eligible elderly and handicapped residents, who have been qualified under Section 207 of the National Affordable Housing Act, as per Section 223(f). The company's mission is to make housing accessible for this particular demographic, thereby contributing to their overall well-being and community integration.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 71%).
Schenectady B'Nai B'Rith Housing Development Fund Company Inc has received a two-star rating from Charity Navigator, indicating that there are areas needing improvement. The organization demonstrates strengths in governance with a fully independent board of directors and strong policies regarding material asset diversion and conflict of interest. The organization accrued a high program expense ratio of 90.80%, reflecting a significant commitment to its charitable programs.
However, the nonprofit faces several shortcomings that impact its overall rating. Notably, it lacks a whistleblower policy and a document retention and destruction policy, both of which are crucial for organizational transparency and accountability. Additionally, the absence of posted tax forms on its website further detracts from its financial transparency, contributing to a lower score in accountability and finance.
The organization's liabilities to assets ratio stands at 82.75%, which raises concerns about its financial stability. While it excels in certain governance aspects, addressing these limitations will be essential for improving its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Schenectady B'Nai B'Rith Housing Development Fund Company Inc legitimate?
Schenectady B'Nai B'Rith Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schenectady B'Nai B'Rith 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: $0
For more financial information, click here
What is the mission statement of Schenectady B'Nai B'Rith Housing Development Fund Company Inc?
The mission of Schenectady B'Nai B'Rith Housing Development Fund Company Inc. is centered around providing housing for individuals with low and moderate income levels. Specifically, the company offers 50 units of housing to elderly and handicapped residents who meet the eligibility criteria as outlined in sections 207 and 223(f) of the National Affordable Housing Act. The organization's primary goal is to make housing accessible to this demographic, thereby contributing to their well-being and overall quality of life.
Who is the CEO of Schenectady B'Nai B'Rith Housing Development Fund Company Inc?
Anne Deiber is the President of Schenectady B'Nai B'Rith Housing Development Fund Company Inc.
What is the revenue of Schenectady B'Nai B'Rith Housing Development Fund Company Inc?
Schenectady B'Nai B'Rith Housing Development Fund Company Inc's revenue in 2023 was $603,424.
Who are the executives of Schenectady B'Nai B'Rith Housing Development Fund Company Inc and what are their salaries?
There 14 volunteers at Schenectady B'Nai B'Rith Housing Development Fund Company Inc.
Here are 14 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
- 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
- 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 Schenectady B'Nai B'Rith Housing Development Fund Company Inc?
Schenectady B'Nai B'Rith Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Schenectady B'Nai B'Rith Housing Development Fund Company Inc
Schenectady B'Nai B'Rith Housing Development Fund Company, as a nonprofit organization, is dedicated to providing housing solutions for individuals with low and moderate incomes. Specifically, the company offers 50 units of housing to elderly and handicapped residents who meet certain qualifications under Section 207 of the National Affordable Housing Act, as per Section 223(f). This housing initiative aims to support vulnerable populations, enabling them to live with dignity and security. The company's mission is instrumental in addressing the housing needs of these individuals, thereby contributing to their overall well-being and quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Schenectady B'Nai B'Rith Housing Development Fund Company Inc's impact is evident in providing essential housing support for low and moderate income individuals. By offering 50 units specifically designed for low income elderly and handicapped residents, the organization plays a vital role in ensuring that these vulnerable populations have access to safe and affordable housing. Through their mission-driven approach, they contribute to enhancing the quality of life for those in need within the community of Niskayuna, NY.
This information is meant to be a general summary of Schenectady B'Nai B'Rith 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 2023.
- Investment Income: -$7,244
- Program Service Revenue: $128,311
- Gross Receipts: $613,420
Assets and Liabilities:
- Total Assets: $2,771,050
- Total Liabilities: $2,293,304
- Net Assets: $477,746
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS - NET
Revenue
$128,311
Organization Details
Founding Year
1991
Phone
(518) 346-8797Principal Officer
Anne Deiber
Main Address
22 KNOLLS ROAD, NISKAYUNA, NY, 12309
NTEE Category
Code: L21 - Housing
If you are a representative of Schenectady B'Nai B'Rith Housing Development Fund Company Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.