Overview
What is Cambray Housing Corporation?
Cambray Housing Corporation is a nonprofit organization that specializes in providing low-income housing apartments. This organization, based on New York State's Mitchell-Lama Legislation, offers subsidized living spaces along with essential maintenance services and socialization opportunities. By doing so, Cambray Housing Corporation aims to support individuals in need, ensuring they have a secure and comfortable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (65%, Two-Star out of Four Star Rating)
Cambray Housing Corporation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its operational and financial transparency. While the organization excels in several areas, such as maintaining a fully independent board and a high program expense ratio (78.92%), it has significant deficiencies in accountability metrics. The missing conflict of interest and whistleblower policies are particularly concerning, as they are critical for governance and trust.
The organization demonstrates a commitment to accountability with a high score for independent board members and proper document retention practices. However, the liabilities to assets ratio is alarmingly high at 91.15%, which raises red flags about financial stability. Additionally, the absence of essential tax forms on their website further undermines transparency and public trust.
To improve its standing, Cambray Housing Corporation should prioritize establishing missing policies and enhancing financial reporting practices. Addressing these issues can help build credibility and better serve its mission, ultimately fostering greater confidence among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Cambray Housing Corporation legitimate?
Cambray Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambray Housing 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:
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What is the mission statement of Cambray Housing Corporation?
Cambray Housing Corporation is committed to providing affordable housing options for individuals in need. Subsidized by the NYS Mitchell-Lama Legislation, the organization offers low income housing apartments and provides on-site maintenance services. Furthermore, Cambray Housing Corporation offers socialization opportunities to its residents, aiming to create a supportive community. The corporation's mission is centered around enhancing the living conditions of those in need and promoting a sense of community within its housing complexes.
Who is the CEO of Cambray Housing Corporation?
Ronald Mcdougall is the President of Cambray Housing Corporation.
What is the revenue of Cambray Housing Corporation?
Cambray Housing Corporation's revenue in 2023 was $131,883.
Who are the executives of Cambray Housing Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Cambray Housing Corporation?
Cambray Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Cambray Housing Corporation
Cambray Housing Corporation, a nonprofit organization, is dedicated to providing affordable housing solutions for individuals in need. Its mission is to offer low income housing apartments, equipped with essential maintenance services and opportunities for social interaction. This mission is made possible through the New York State Mitchell-Lama Legislation, which subsidizes the housing provided by Cambray Housing Corporation. The organization focuses solely on housing, ensuring that those in need have a secure and comfortable place to call home. By offering on-site maintenance services, Cambray Housing Corporation ensures that the living conditions of its residents are maintained to a high standard. Additionally, the organization provides socialization opportunities, fostering a sense of community among its residents.
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Impact
October, 2024
Cambray Housing Corporation significantly impacts the community by providing affordable housing options to low-income individuals and families in Gouverneur, NY. By offering subsidized apartments under the NYS Mitchell-Lama Legislation, the organization addresses the critical need for accessible housing, ensuring that those in financial hardship have a stable place to live.
Additionally, Cambray Housing Corporation enhances the quality of life for its residents through on-site maintenance services, ensuring safe and well-maintained living environments. The organization also fosters community engagement by providing socialization opportunities, which help residents build connections and support networks. Overall, its focus on low-income housing and additional services contributes to improved living conditions and community well-being.
This information is meant to be a general summary of Cambray Housing 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 2023.
- Investment Income: $507
- Program Service Revenue: $131,376
- Gross Receipts: $131,883
Assets and Liabilities:
- Total Assets: $1,604,969
- Total Liabilities: $1,227,530
- Net Assets: $377,439
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHEDULED RENTS
Revenue
$119,749
MISCELLANEOUS RENTALS
Revenue
$11,565
LAUNDRY INCOME
Revenue
$62
Organization Details
Founding Year
1970
Phone
(315) 287-1020Principal Officer
Ronald Mcdougall
Main Address
68 W MAIN ST, GOUVERNEUR, NY, 13642
NTEE Category
Code: L202 - Housing
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