Overview
What is Jonas Bronck Housing Co Inc?
Jonas Bronck Housing Co Inc is a nonprofit organization committed to offering affordable housing solutions to senior citizens. Their primary mission revolves around providing a cost-effective living environment for this age group, ensuring their needs are met with dignity and respect. The company's activities and mission statement echo this focus, emphasizing the importance of low-cost housing for senior citizens. The organization's scope of operation and specific details about its size or location are not provided in the given information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Jonas Bronck Housing Co Inc has received an 86% score, which translates to a Three-Star rating. This score is derived entirely from its Accountability & Finance metrics, indicating a strong commitment to responsible financial practices. The organization has demonstrated a robust financial stewardship, with a program expense ratio of 94.61%, showing that the vast majority of its expenses are directed towards its programs.
The nonprofit boasts a fully independent board, with all members meeting the criteria for independence. Additional strengths include a perfect score for financial statements audit oversight and no material diversion of assets, reflecting strong governance and ethical practices. The availability of board meeting minutes and tax forms on its website further enhances transparency.
However, the rating is based solely on the Accountability & Finance score, which means that other aspects of the organization, such as impact or service effectiveness, are not evaluated in this rating. While the financial health is commendable, potential donors may want to seek more information on the overall impact of Jonas Bronck Housing Co Inc to ensure it aligns with their philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Jonas Bronck Housing Co Inc legitimate?
Jonas Bronck Housing Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jonas Bronck Housing Co 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: $202,342
For more financial information, click here
What is the mission statement of Jonas Bronck Housing Co Inc?
Jonas Bronck Housing Co Inc is dedicated to serving senior citizens by offering affordable housing options. Their primary mission is to make housing accessible and affordable for this demographic. By providing low-cost housing, they aim to contribute to the well-being and comfort of senior citizens, ensuring they can live with dignity and independence. The organization's activities revolve around this mission, focusing on senior housing solutions that cater to their specific needs and financial circumstances.
Who is the CEO of Jonas Bronck Housing Co Inc?
Michael Martino is the 1 of Jonas Bronck Housing Co Inc.
What is the revenue of Jonas Bronck Housing Co Inc?
Jonas Bronck Housing Co Inc's revenue in 2023 was $1,851,946.
Who are the executives of Jonas Bronck Housing Co Inc and what are their salaries?
The average compensation at Jonas Bronck Housing Co Inc during 2023 was $40,468. There are 5 employees at Jonas Bronck Housing Co Inc.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Jonas Bronck Housing Co Inc?
Jonas Bronck Housing Co Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Jonas Bronck Housing Co Inc
Jonas Bronck Housing Co Inc, a nonprofit organization, is dedicated to providing affordable housing solutions for senior citizens. Their mission, in essence, is to ensure that elderly individuals have access to affordable living spaces. By offering low-cost housing options, Jonas Bronck Housing Co Inc aims to alleviate the financial burden that often comes with advanced age, enabling senior citizens to maintain their independence and dignity. The organization's focus on senior citizens underscores its commitment to supporting this vulnerable population, providing them with a secure and comfortable living environment.
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Impact
October, 2024
Jonas Bronck Housing Co Inc significantly impacts the community by providing low-cost housing specifically designed for senior citizens in Bronx, NY. By addressing the critical need for affordable housing options, the organization helps ensure that elderly residents have a safe and stable living environment. This not only enhances their quality of life but also contributes to the overall well-being of the community, fostering social connections and independence among seniors. By focusing on this demographic, Jonas Bronck Housing Co Inc plays a vital role in mitigating housing insecurity for older adults, allowing them to thrive in their later years.
This information is meant to be a general summary of Jonas Bronck Housing Co 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: $3,105
- Program Service Revenue: $1,831,691
- Gross Receipts: $1,851,946
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,769,148
Organization Details
Founding Year
1973
Phone
(718) 299-5636Principal Officer
Michael Martino
Main Address
230 EAST 179TH STREET, BRONX, NY, 10457
NTEE Category
Code: L220 - Housing
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