Overview
What is Hudson Valley Housing Development Fund Company Inc?
Hudson Valley Housing Development Fund Company Inc is a nonprofit organization situated in Wappingers Falls, New York, with the mission to address the housing needs of individuals with low income in the Hudson Valley region. The organization operates on a non-profit basis, aiming to develop housing projects where inadequate housing options are currently lacking. Their primary objective is to enhance the living conditions of those in need, contributing to a more inclusive and equitable community in the Hudson Valley region of New York.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%
The Hudson Valley Housing Development Fund Company Inc has received a strong Four-Star out of Four Star rating from Charity Navigator, reflecting its high level of accountability and financial health. With an impressive overall score of 90%, the organization demonstrates effective management and stewardship of donor funds, with a program expense ratio of 94.90%, indicating that the vast majority of its expenses are directed towards its mission-related activities.
The organization excels in governance, boasting 100% independent board members and a solid framework for oversight, including a dedicated Audit and Oversight Committee. Its policies on conflict of interest and whistleblower protection are in place, which further instills confidence in its operational integrity. Additionally, the organization has demonstrated robust financial practices, evidenced by a favorable liabilities to assets ratio of 37.26%.
While the data showcases strong financial health and excellent governance practices, the summary does not indicate any specific challenges or limitations faced by the organization. Overall, Hudson Valley Housing Development Fund Company Inc is positioned as a reliable and effective nonprofit in the housing development sector.
This AI summary has been generated from information found on Charity Navigator.
Is Hudson Valley Housing Development Fund Company Inc legitimate?
Hudson Valley Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hudson Valley 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: $55,440
For more financial information, click here
What is the mission statement of Hudson Valley Housing Development Fund Company Inc?
Hudson Valley Housing Development Fund Company Inc is dedicated to addressing the housing needs of individuals with low income, particularly in areas where adequate housing is lacking. This non-profit organization works towards the development of housing projects, ensuring that those who require it have access to suitable living spaces. Their mission encompasses maintaining and enhancing these properties, all while operating on a non-profit basis. Their primary focus is on servicing the Hudson Valley region in New York.
Who is the CEO of Hudson Valley Housing Development Fund Company Inc?
Gregory D Supple Esq is the Chairperson of Hudson Valley Housing Development Fund Company Inc.
What is the revenue of Hudson Valley Housing Development Fund Company Inc?
Hudson Valley Housing Development Fund Company Inc's revenue in 2022 was $547,209.
Who are the executives of Hudson Valley Housing Development Fund Company Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $120,000
- Other: $18,000
Where can I find the form 990 for Hudson Valley Housing Development Fund Company Inc?
Hudson Valley Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hudson Valley Housing Development Fund Company Inc
Hudson Valley Housing Development Fund Company Inc is a non-profit organization dedicated to addressing the housing needs of individuals with low income. Recognizing the lack of adequate housing options in the Hudson Valley region of New York, this organization has set out to develop housing projects specifically for this demographic. Their mission is to maintain and develop these properties on a non-profit basis, ensuring that those who are financially disadvantaged have access to suitable housing. By doing so, Hudson Valley Housing Development Fund Company Inc aims to contribute to the betterment of the community and improve the living conditions for those in need.
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Impact
July, 2024
Hudson Valley Housing Development Fund Company Inc plays a crucial role in addressing the housing needs of low-income individuals in the Hudson Valley region of New York. By developing housing projects on a non-profit basis, the organization is ensuring that those who lack adequate housing options have a place to call home. Through their efforts, they are making a tangible impact on the lives of individuals and families by providing them with safe and affordable housing options.
This information is meant to be a general summary of Hudson Valley 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: $65
- Program Service Revenue: $515,846
- Gross Receipts: $547,209
Assets and Liabilities:
- Total Assets: $8,493,471
- Total Liabilities: $3,133,183
- Net Assets: $5,360,288
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$515,846
Organization Details
Founding Year
1987
Phone
(845) 297-2004Principal Officer
Gregory D Supple Esq
Main Address
5 GIVANS AVENUE, WAPPINGERS FALLS, NY, 12590
NTEE Category
Code: L20Z - Housing
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