Overview
What is York Area Development Corporation?
The York Area Development Corporation, situated in York, Pennsylvania, is a dedicated nonprofit organization with a mission to better the lives and communities within the city and county. They primarily focus on advocating for, creating, and sustaining affordable housing options, ensuring that low-income individuals have access to suitable living spaces. As of June 30, 2022, the corporation owns and manages 79 subsidized rental units to support this mission. With a small workforce of just two individuals, the York Area Development Corporation remains committed to its vision of providing affordable housing and improving local living standards.
Official website here: www.ahadvocates.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The York Area Development Corporation has received a Three-Star rating from Charity Navigator, indicating a generally positive evaluation of its accountability and finance practices. The organization scored particularly well in areas such as having a wholly independent board and robust financial oversight, which suggests strong governance and transparency in its operations.
Noteworthy strengths include a perfect score for independent board members and an exemplary audit and oversight committee. The organization demonstrates a commitment to ethical practices, as evidenced by its comprehensive conflict of interest, whistleblower, and document retention policies. Additionally, the program expense ratio of 66.03% reflects a significant portion of funds directed towards its mission-related activities.
However, the overall rating is influenced solely by the accountability and finance beacon, with no additional beacons for other performance areas. While the financial practices are commendable, potential donors may want to explore further aspects of the organization’s effectiveness and impact to gain a more comprehensive understanding of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is York Area Development Corporation legitimate?
York Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. York Area Development Corporation 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: $98,459
Professional Fundraising Fees: $0
Other Salaries and Wages: $303,328
For more financial information, click here
Official website here: www.ahadvocates.org
What is the mission statement of York Area Development Corporation?
The York Area Development Corporation's mission is centered around enhancing the quality of life and communities. They achieve this by advocating for, creating, and sustaining affordable housing options. This non-profit organization strives to make a difference by promoting affordable housing, thereby contributing to the well-being of individuals and communities. As of June 30, 2022, the corporation owns and manages 79 subsidized rental units for qualified low-income individuals.
Official website here: www.ahadvocates.org
Who is the CEO of York Area Development Corporation?
Joyce Santiago is the Chair of York Area Development Corporation.
Official website here: www.ahadvocates.org
What is the revenue of York Area Development Corporation?
York Area Development Corporation's revenue in 2022 was $1,333,624.
Official website here: www.ahadvocates.org
Who are the executives of York Area Development Corporation and what are their salaries?
The average compensation at York Area Development Corporation during 2022 was $200,894. There are 2 employees and 19 volunteers at York Area Development Corporation.
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- Compensation: $79,887
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- Other: $13,986
Official website here: www.ahadvocates.org
Where can I find the form 990 for York Area Development Corporation?
York Area Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ahadvocates.org
Learn more at the official website: www.ahadvocates.org
Mission Statement of York Area Development Corporation
York Area Development Corporation, a nonprofit organization, is committed to enhancing the quality of lives and communities by advocating for, creating, and sustaining affordable housing options. Their mission is to act as a catalyst for change, working tirelessly to make affordable housing a viable option for low-income individuals. The corporation operates subsidized apartment rentals, providing a safe and affordable living space for qualified low-income residents. As of June 30, 2022, York Area Development Corporation managed 79 rental units, demonstrating their ongoing commitment to this cause. Through their efforts, they aim to contribute to the betterment of communities by ensuring that everyone, regardless of income level, has access to a decent place to call home.
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Impact
October, 2024
The York Area Development Corporation plays a vital role in enhancing the quality of life in the City and County of York, PA, through its focus on affordable housing. By advocating for, creating, and sustaining affordable housing options, it directly addresses the needs of low-income individuals and families in the community. The ownership and operation of 79 subsidized apartment rental units enable qualified low-income persons to secure stable housing, which is foundational for overall well-being. This commitment to affordable housing not only provides essential shelter but also fosters a sense of community, stability, and dignity for residents, ultimately uplifting the local population and promoting sustainable community development. Through its efforts, the Corporation contributes significantly to the social fabric and economic viability of the region.
This information is meant to be a general summary of York Area Development Corporation. 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: $817
- Program Service Revenue: $908,638
- Gross Receipts: $1,333,624
Assets and Liabilities:
- Total Assets: $3,088,520
- Total Liabilities: $3,626,720
- Net Assets: -$538,200
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENT CONTRACTS
Revenue
$461,011
APARTMENT RENTALS
Revenue
$262,229
DEVELOPER FEE INCOME
Revenue
$143,612
OTHER TENANT INCOME
Revenue
$41,786
Organization Details
Founding Year
1976
Phone
(717) 846-5139Principal Officer
Joyce Santiago
Main Address
3 RATHTON ROAD, YORK, PA, 17403
Website
www.ahadvocates.orgNTEE Category
Code: L21 - Housing
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