Overview
What is Creek Housing Corporation?
Creek Housing Corporation is a nonprofit organization located in Manlius, New York, with an address at 7626 Highbridge Road. Their primary mission is to provide low-income housing for the elderly, operating on a nonprofit basis. Specifically, they developed, own, and manage a 120-unit facility designed for elderly individuals with limited financial resources. The organization employs a modest workforce of four individuals dedicated to this cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Creek Housing Corporation has received an 86% rating from Charity Navigator, indicating a strong performance in accountability and finance. With a Three-Star rating, the organization demonstrates a commitment to transparency and responsible financial management, appealing to potential donors who prioritize these factors.
The nonprofit boasts a fully independent board, with 100% of its members meeting independence criteria. This governance structure, along with a robust audit and oversight committee, has contributed to its high scores in accountability metrics. Additionally, Creek Housing Corporation maintains a low liabilities-to-assets ratio of 3.69% and a high program expense ratio of 95.68%, reflecting its efficient use of resources towards its mission.
While the overall rating is positive, potential supporters should consider that the Three-Star status may suggest room for improvement compared to top-rated organizations. Nonetheless, the absence of material asset diversion and a structured approach to document retention further underscore its reliability as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Creek Housing Corporation legitimate?
Creek Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Creek 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:
Executive Compensation: $52,459
Professional Fundraising Fees: $0
Other Salaries and Wages: $171,345
For more financial information, click here
What is the mission statement of Creek Housing Corporation?
Creek Housing Corporation, established with a specific purpose, is dedicated to developing, owning, and managing a 120-unit housing facility for elderly individuals with limited income. The primary mission of this corporation is to provide a home for this demographic, operating on a non-profit basis. The organization's endeavors are focused on ensuring that the elderly population in need of affordable housing can reside in a secure and suitable environment.
Who is the CEO of Creek Housing Corporation?
Steven R Shaw is the Secretary of Creek Housing Corporation.
What is the revenue of Creek Housing Corporation?
Creek Housing Corporation's revenue in 2023 was $704,044.
Who are the executives of Creek Housing Corporation and what are their salaries?
The average compensation at Creek Housing Corporation during 2023 was $55,951. There are 4 employees at Creek Housing Corporation.
Here are 8 key members and their salaries:
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- Compensation: $43,771
- Related: $0
- Other: $8,688
Where can I find the form 990 for Creek Housing Corporation?
Creek Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Creek Housing Corporation
Creek Housing Corporation, a nonprofit organization, was established with a specific purpose: to develop, own, and manage a 120-unit facility catering to elderly individuals of low income. The corporation's mission is to provide affordable housing for this specific demographic, operating on a not-for-profit basis. By doing so, Creek Housing Corporation aims to contribute to the well-being of this vulnerable population, ensuring they have access to safe, comfortable living spaces during their golden years.
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Impact
July, 2024
Creek Housing Corporation's impact is significant as it provides affordable housing options for low-income elderly individuals in Manlius, NY. By operating a low-income housing project specifically designed for this demographic, the corporation addresses a critical need within the community. The 120-unit facility serves as a vital resource for aged persons with limited financial means, ensuring they have a comfortable and secure living environment. Creek Housing Corporation's commitment to providing affordable housing demonstrates its dedication to supporting vulnerable populations and improving their quality of life.
This information is meant to be a general summary of Creek 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: $204
- Program Service Revenue: $684,221
- Gross Receipts: $704,044
Assets and Liabilities:
- Total Assets: $1,773,514
- Total Liabilities: $65,599
- Net Assets: $1,707,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT, NET OF VACANCY L
Revenue
$684,221
Organization Details
Founding Year
1971
Phone
(315) 682-7001Principal Officer
Steven R Shaw
Main Address
7626 HIGHBRIDGE ROAD, MANLIUS, NY, 13104
NTEE Category
Code: L22Z - Housing
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