Overview
What is Housing Development Corporation Of Ne Pa?
Housing Development Corporation of Ne Pa is a nonprofit organization dedicated to serving low-income families. Their primary objective is to acquire, develop, and construct affordable housing units. By fulfilling this mission, they aim to provide eligible families with viable housing options, thereby contributing to the community's overall well-being. The corporation operates with a conviction to address housing affordability issues, contributing to a more equitable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
The Housing Development Corporation Of NE PA has achieved a commendable Four-Star rating on Charity Navigator, reflecting its strong performance in accountability and finance. A score of 94% highlights the organization's commitment to transparency and effective management of resources. Key indicators such as a 100% independent board and a flawless audit of financial statements demonstrate robust governance practices.
The organization excels in various areas, with notable strengths including its high program expense ratio of 88.80%, indicating that a significant portion of its funds directly supports its programs. Additionally, the absence of material diversion of assets and the presence of comprehensive policies for conflict of interest and whistleblower protections further underpin its integrity and commitment to ethical standards.
While the data does not explicitly highlight any limitations, the strong scores across all assessed categories suggest that the Housing Development Corporation Of NE PA is effectively fulfilling its mission while maintaining high standards of accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Development Corporation Of Ne Pa legitimate?
Housing Development Corporation Of Ne Pa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development Corporation Of Ne Pa 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: $104,432
Professional Fundraising Fees: $0
Other Salaries and Wages: $434,218
For more financial information, click here
What is the mission statement of Housing Development Corporation Of Ne Pa?
The Housing Development Corporation of Ne Pa, in its mission, focuses on acquiring, developing, and constructing affordable housing units for eligible low and moderate income families. Their primary objective is to provide these families with affordable housing options.
Who is the CEO of Housing Development Corporation Of Ne Pa?
Sandra Rostkowski is the Secretary of Housing Development Corporation Of Ne Pa.
What is the revenue of Housing Development Corporation Of Ne Pa?
Housing Development Corporation Of Ne Pa's revenue in 2022 was $1,715,517.
Who are the executives of Housing Development Corporation Of Ne Pa and what are their salaries?
The average compensation at Housing Development Corporation Of Ne Pa during 2022 was $18,574. There are 29 employees at Housing Development Corporation Of Ne Pa.
Here are 7 key members and their salaries:
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- Compensation: $90,460
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $13,972
- Related: $0
- Other: $0
Where can I find the form 990 for Housing Development Corporation Of Ne Pa?
Housing Development Corporation Of Ne Pa's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Development Corporation Of Ne Pa
The Housing Development Corporation of Ne Pa, as its name suggests, is dedicated to providing affordable housing options for eligible families falling under the low and moderate income bracket. This nonprofit organization undertakes the tasks of acquiring, developing, and constructing residential properties specifically designed for these families, thereby contributing to their housing needs and overall living standards. Its primary mission is to make affordable housing a reality for those who may otherwise struggle to secure a decent place to live.
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Impact
October, 2024
Housing Development Corporation of Ne Pa plays a crucial role in addressing the housing needs of low and moderate-income families. By acquiring, developing, and constructing affordable housing, it helps ensure that eligible families have access to safe and stable living conditions. This organization contributes to the local economy by creating jobs in construction and related fields, while also fostering community development.
Through its initiatives, the Corporation not only provides housing but also empowers families by promoting stability and sustainability. By making affordable housing options available, it helps alleviate the financial burden on families, allowing them to allocate resources toward other essential needs such as education and healthcare. Overall, the Housing Development Corporation of Ne Pa significantly impacts the well-being of the Wilkes-Barre community by enhancing the quality of life for its residents and supporting economic growth.
This information is meant to be a general summary of Housing Development Corporation Of Ne Pa. 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: $16,554
- Program Service Revenue: $249,949
- Gross Receipts: $1,837,625
Assets and Liabilities:
- Total Assets: $5,291,388
- Total Liabilities: $2,528,562
- Net Assets: $2,762,826
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$238,382
RENTS,OTHER
Revenue
$77,472
EQUITY IN PTSHP. LOSSE
Revenue
-$65,905
Organization Details
Founding Year
1984
Phone
(570) 824-4803Principal Officer
Sandra Rostkowski
Main Address
163 AMBER LANE, WILKESBARRE, PA, 187026545
NTEE Category
Code: L20Z - Housing
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