Overview
What is Taylor Brown Housing Development Fund Company Inc?
Taylor Brown Housing Development Fund Company Inc, based in Waterloo, New York, is a nonprofit organization that is dedicated to providing affordable housing for elderly and handicapped individuals. Specifically, they own and manage a 40-unit housing project designed to accommodate this specific demographic. The mission of Taylor Brown Housing Development Fund Company Inc is centered around operating this low-income housing project, providing essential living spaces for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
The Taylor Brown Housing Development Fund Company Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its overall organizational practices. With an overall score of 69%, the nonprofit demonstrates some strengths in areas like its program expense ratio, which scored a full 25 out of 25 points, suggesting it allocates a significant portion of its resources to its programs. However, the organization struggles with accountability, particularly concerning its board composition, as it lacks independent board members, scoring 0 out of 10 points in this area.
While the organization has adopted several strong policies, including a conflict of interest policy and a whistleblower policy, its lack of a website for transparency and poor ratio of liabilities to assets raise concerns about its financial health. The absence of key financial documents on its website further hinders its accountability and accessibility to potential donors. The salaries of top executives are notably high, with the assistant secretary/president earning over $1.5 million, which may raise questions among stakeholders regarding compensation relative to organizational impact.
Overall, while the Taylor Brown Housing Development Fund shows some commitment to its mission, the significant gaps in governance and transparency may deter potential supporters. Improving board independence and enhancing financial disclosures could strengthen the organization’s standing and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Taylor Brown Housing Development Fund Company Inc legitimate?
Taylor Brown Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Taylor Brown 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: $98,675
For more financial information, click here
What is the mission statement of Taylor Brown Housing Development Fund Company Inc?
Taylor Brown Housing Development Fund Company Inc's mission revolves around operating a low-income housing project, specifically catering to the needs of elderly and handicapped individuals. This organization is committed to providing a secure living environment for these vulnerable groups, ensuring they have access to suitable housing facilities. The company's primary activity involves managing a 40-unit housing project, which is designed to accommodate individuals with limited financial means. The goal is to offer them a comfortable and safe living space, thereby enhancing their quality of life.
Who is the CEO of Taylor Brown Housing Development Fund Company Inc?
Trisha Koczent Cpa Fhfm is the Treasurer (Starting June 2 of Taylor Brown Housing Development Fund Company Inc. The CEO's salary of Taylor Brown Housing Development Fund Company Inc is $0 and their total compensation is $1,684,019.
What is the revenue of Taylor Brown Housing Development Fund Company Inc?
Taylor Brown Housing Development Fund Company Inc's revenue in 2022 was $487,983.
Who are the executives of Taylor Brown Housing Development Fund Company Inc and what are their salaries?
There 4 volunteers at Taylor Brown Housing Development Fund Company Inc.
Here are 8 key members and their salaries (Taylor Brown Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $1,684,019):
- 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: $1,548,830
- Other: $135,189
- Compensation: $0
- Related: $218,163
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $315,868
- Other: $0
Where can I find the form 990 for Taylor Brown Housing Development Fund Company Inc?
Taylor Brown Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Taylor Brown Housing Development Fund Company Inc
Taylor Brown Housing Development Fund Company Inc is dedicated to serving the needs of elderly and handicapped individuals by operating a low-income housing project. This nonprofit organization provides a 40-unit housing facility, catering to individuals who fall under these categories. The mission of Taylor Brown Housing Development Fund Company Inc is to offer a safe and comfortable living environment for these individuals, ensuring they have access to necessary amenities and support services. By operating this housing project, the organization aims to contribute positively to the well-being and quality of life of its residents, providing them with a sense of independence and community.
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Impact
July, 2024
Taylor Brown Housing Development Fund Company Inc's impact is vital in providing affordable housing options for low-income elderly and handicapped individuals in Waterloo, NY. By owning and operating a 40-unit housing project, this organization is directly addressing the critical need for suitable housing for these vulnerable populations. Their mission to operate a low-income housing project demonstrates their commitment to ensuring that elderly and handicapped individuals have a safe and stable place to call home. This impact not only improves the quality of life for the residents but also contributes to the overall well-being of the community by promoting inclusivity and support for those in need.
This information is meant to be a general summary of Taylor Brown 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: $1,292
- Program Service Revenue: $484,698
- Gross Receipts: $487,983
Assets and Liabilities:
- Total Assets: $1,848,345
- Total Liabilities: $2,057,173
- Net Assets: -$208,828
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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
$353,506
RENTAL INCOME - TENANT
Revenue
$131,192
Organization Details
Founding Year
1986
Phone
(315) 424-1821Principal Officer
Trisha Koczent Cpa Fhfm
Main Address
371 EAST MAIN STREET, WATERLOO, NY, 13165
NTEE Category
Code: L20Z - Housing
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