Overview
What is Delta Development Of Wny Inc?
Delta Development of Wny Inc is a nonprofit organization, established in New York State, committed to addressing housing needs in the western region. Their primary mission is to develop and manage housing projects for families with low or moderate income. This nonprofit aims to promote the development, stability, and growth of economically disadvantaged urban and rural communities by creating innovative models for decent and affordable housing. Through their efforts, they contribute to enhancing living conditions and fostering community development.
Official website here: www.deltadevelopmentwny.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Delta Development of WNY Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and finance practices. The charity scored 96% on its Accountability & Finance rating, indicating effective management of its resources and a commitment to transparency. This high score is derived from various factors, including an independent board and comprehensive financial oversight.
The organization boasts a fully independent board with eight out of eight members, showcasing a solid governance structure. Additionally, it has a high program expense ratio of 82.93%, which suggests that a significant portion of its expenses goes directly towards its programs, rather than administrative costs. The charity also adheres to various best practices such as maintaining a conflict of interest policy and a whistleblower policy, contributing to its robust accountability framework.
While the financial health indicators are positive, there is limited information available regarding specific program impacts or user feedback. However, the strong ratings and financial health metrics suggest that Delta Development of WNY Inc is operating effectively and responsibly within its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Delta Development Of Wny Inc legitimate?
Delta Development Of Wny Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delta Development Of Wny 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: $270,363
For more financial information, click here
Official website here: www.deltadevelopmentwny.com
What is the mission statement of Delta Development Of Wny Inc?
Delta Development of Wny is a not-forprofit organization that focuses on developing and managing housing projects for families with low or moderate income. Its mission is to promote the development, stability, and growth of economically disadvantaged communities in New York State. The organization strives to create innovative models for decent and affordable housing, aiming to improve the living conditions of those in need. By doing so, Delta Development of Wny intends to contribute to the betterment of urban and rural communities in the state.
Official website here: www.deltadevelopmentwny.com
Who is the CEO of Delta Development Of Wny Inc?
Steven Timmel is the President of Delta Development Of Wny Inc.
Official website here: www.deltadevelopmentwny.com
What is the revenue of Delta Development Of Wny Inc?
Delta Development Of Wny Inc's revenue in 2023 was $680,766.
Official website here: www.deltadevelopmentwny.com
Who are the executives of Delta Development Of Wny Inc and what are their salaries?
The average compensation at Delta Development Of Wny Inc during 2023 was $7,725. There are 35 employees at Delta Development Of Wny Inc.
Here are 13 key members and their salaries:
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- Compensation: $77,362
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- Other: $12,813
- Compensation: $23,013
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- Other: $14,030
Official website here: www.deltadevelopmentwny.com
Where can I find the form 990 for Delta Development Of Wny Inc?
Delta Development Of Wny Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.deltadevelopmentwny.com
Learn more at the official website: www.deltadevelopmentwny.com
Mission Statement of Delta Development Of Wny Inc
Delta Development of WNY, a not-for-profit corporation, was established with a mission to develop and manage housing projects in the western New York area. This organization aims to cater to families with low or moderate income, providing them with decent and affordable housing options. Delta Development of WNY also strives to create innovative models for housing, thereby promoting the development, stability, and growth of economically disadvantaged urban and rural communities in New York State. Their mission is centered around improving the living conditions of economically challenged families, thereby contributing to the overall development and progress of their communities.
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Impact
July, 2024
Delta Development Of Wny Inc's impact is significant in providing low-income housing development and management services in the western New York area. Through their innovative models for decent and affordable housing, they contribute to the promotion of development, stability, and growth of economically disadvantaged urban and rural communities in New York State. Their focus on creating housing projects for families with low or moderate income demonstrates a commitment to addressing housing needs and improving the quality of life for individuals in need.
This information is meant to be a general summary of Delta Development Of Wny 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: $1,551
- Program Service Revenue: $678,327
- Gross Receipts: $680,766
Assets and Liabilities:
- Total Assets: $4,709,766
- Total Liabilities: $1,916,820
- Net Assets: $2,792,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$457,393
RENTAL INCOME
Revenue
$143,936
RECOVERY OF BAD DEBTS
Revenue
$55,049
COMPUTER FEES
Revenue
$21,949
Organization Details
Founding Year
1988
Phone
(716) 847-1635Principal Officer
Steven Timmel
Main Address
525 WASHINGTON STREET, BUFFALO, NY, 14203
Website
www.deltadevelopmentwny.comNTEE Category
Code: L20Z - Housing
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