Overview
What is Windham Housing Development Fund Company?
Windham Housing Development Fund Company is a nonprofit organization situated in Catskill, New York. Their primary mission is to offer affordable housing solutions to low-income elderly individuals. They own and manage a 12-unit apartment building specifically designed for this demographic, located in Windham, New York. The organization's mission aligns with their activities, ensuring that they deliver on their promise of providing affordable housing for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Windham Housing Development Fund Company has earned a low rating of 58%, reflecting significant concerns regarding its accountability and financial management. While the organization excels in certain areas, such as having a fully independent board and a strong program expense ratio, it has received zero points in critical areas like its liabilities to assets ratio and missing policies related to conflict of interest, whistleblower protections, and document retention.
Strengths of the nonprofit include a program expense ratio of nearly 85%, indicating that a substantial portion of its funds is directed towards its programs rather than administrative expenses. Additionally, the organization has demonstrated good governance practices by documenting board meeting minutes and maintaining a majority independent board. However, the lack of essential policies and the high liabilities to assets ratio suggest potential financial instability and governance risks.
Overall, while Windham Housing Development Fund Company shows promise in some operational aspects, the absence of key governance policies and the concerning financial ratios indicate that potential donors and stakeholders should approach with caution and seek more information before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Windham Housing Development Fund Company legitimate?
Windham Housing Development Fund Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Windham Housing Development Fund Company 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
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What is the mission statement of Windham Housing Development Fund Company?
The Windham Housing Development Fund Company is dedicated to providing affordable housing for low-income elderly individuals. This mission is carried out through the ownership and operation of housing facilities, as demonstrated by their 12-unit apartment building. The organization prioritizes serving this specific demographic, ensuring they have access to suitable living arrangements. The company's commitment to affordable housing aims to support the elderly individuals in maintaining a dignified living standard.
Who is the CEO of Windham Housing Development Fund Company?
Trish Lamb is the Director of Windham Housing Development Fund Company.
What is the revenue of Windham Housing Development Fund Company?
Windham Housing Development Fund Company's revenue in 2022 was $79,896.
Who are the executives of Windham Housing Development Fund Company and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Windham Housing Development Fund Company?
Windham Housing Development Fund Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Windham Housing Development Fund Company
Windham Housing Development Fund Company is committed to providing affordable housing for low-income elderly individuals. This nonprofit organization fulfills its mission by owning and operating a 12-unit apartment building. By doing so, it offers a safe and affordable living space for qualifying elderly individuals who may be in need of such accommodations. The purpose of this organization is to help alleviate housing challenges faced by this vulnerable population, enabling them to live comfortably and with dignity.
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Impact
August, 2024
Windham Housing Development Fund Company's impact is evident in its provision of affordable housing to low-income elderly individuals in Windham, New York. By owning and operating a 12-unit apartment building specifically tailored for qualifying low-income elderly tenants, this organization directly contributes to addressing the housing needs of a vulnerable demographic in the Catskill area. Through its mission to provide affordable housing, Windham Housing Development Fund Company plays a crucial role in ensuring that low-income elderly individuals have access to safe and stable housing options.
This information is meant to be a general summary of Windham Housing Development Fund Company. 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: $34
- Program Service Revenue: $37,704
- Gross Receipts: $79,896
Assets and Liabilities:
- Total Assets: $1,111,647
- Total Liabilities: $1,605,748
- Net Assets: -$494,101
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$36,574
VENDING
Revenue
$2,118
VACANCIES
Revenue
-$988
Organization Details
Founding Year
2001
Phone
(518) 943-6700Principal Officer
Trish Lamb
Main Address
PO BOX 473 448 MAIN STREET, CATSKILL, NY, 12414
NTEE Category
Code: L20 - Housing
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