Overview
What is Sunrise Park Housing Development Fund Co Inc?
Sunrise Park Housing Development Fund Co Inc is a nonprofit organization situated in Queens Village, New York. With a modest workforce of three individuals, they are committed to providing affordable housing for approximately 100 low-income families. Their mission involves offering housing solutions to families with moderate incomes, ensuring that they have a place to call home on a nonprofit basis. The organization's location at 221-10 Jamaica Avenue, 3rd Floor, Queens Village, NY 11428, further illustrates their presence in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Sunrise Park Housing Development Fund Co Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is derived from a perfect accountability score of 94%, showcasing its commitment to transparency and responsible financial management.
The organization demonstrates exceptional governance, with an entirely independent board and a well-structured conflict of interest policy. Additionally, it has successfully maintained low liabilities relative to its assets, indicating a solid financial foundation. The program expenses ratio of 88.21% highlights a strong focus on using funds effectively for its mission.
While the data presents a robust image of the organization, the summary does not mention any potential areas for improvement. However, the high scores across various accountability metrics suggest that Sunrise Park Housing Development Fund Co Inc is operating in a responsible and effective manner.
This AI summary has been generated from information found on Charity Navigator.
Is Sunrise Park Housing Development Fund Co Inc legitimate?
Sunrise Park Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sunrise Park Housing Development Fund 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: $149,562
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What is the mission statement of Sunrise Park Housing Development Fund Co Inc?
Sunrise Park Housing Development Fund Co Inc is committed to providing housing for families with modest to low incomes. This nonprofit organization's primary mission is to offer suitable living spaces to approximately 100 tenants. The company operates on a nonprofit basis, dedicating its resources to this cause. Its objective is to contribute to the housing needs of this specific income group, aiming to provide them with a decent living environment.
Who is the CEO of Sunrise Park Housing Development Fund Co Inc?
Jessica Sparrow is the Co-President of Sunrise Park Housing Development Fund Co Inc.
What is the revenue of Sunrise Park Housing Development Fund Co Inc?
Sunrise Park Housing Development Fund Co Inc's revenue in 2022 was $2,512,169.
Who are the executives of Sunrise Park Housing Development Fund Co Inc and what are their salaries?
The average compensation at Sunrise Park Housing Development Fund Co Inc during 2022 was $49,854. There are 3 employees at Sunrise Park Housing Development Fund Co Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Sunrise Park Housing Development Fund Co Inc?
Sunrise Park Housing Development Fund Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sunrise Park Housing Development Fund Co Inc
Sunrise Park Housing Development Fund Co Inc, as a nonprofit organization, is committed to providing housing solutions for low-to-moderate income families. Their primary mission is to offer housing on a nonprofit basis to approximately 100 tenants, ensuring that these families have access to safe and affordable living spaces. By offering housing, Sunrise Park Housing Development Fund Co Inc aims to contribute to the well-being of its community, providing a stable living environment for families who may otherwise struggle to find affordable housing options. The organization's work is essential in addressing the housing needs of those in the low-to-moderate income bracket, thereby promoting social equity and fostering sustainable communities.
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Impact
October, 2024
Sunrise Park Housing Development Fund Co Inc significantly impacts the community by offering essential housing solutions to low-to-moderate income families. By providing affordable housing to approximately 100 tenants, it directly addresses the critical need for accessible living arrangements in Queens Village, NY. This initiative enhances stability and improves the quality of life for its residents by ensuring they have access to safe and secure homes. The organization’s focus on affordable housing fosters community growth, supports economic resilience, and promotes inclusive living environments, ultimately contributing to the well-being of families in the area.
This information is meant to be a general summary of Sunrise Park Housing Development Fund 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 2022.
- Investment Income: $38,580
- Program Service Revenue: $1,007,047
- Gross Receipts: $2,512,169
Assets and Liabilities:
- Total Assets: $5,672,574
- Total Liabilities: $162,243
- Net Assets: $5,510,331
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL INCOME
Revenue
$1,007,047
Organization Details
Founding Year
1970
Phone
(718) 740-0416Principal Officer
Jessica Sparrow
Main Address
221-10 JAMAICA AVENUE 3RD FLOOR, QUEENS VILLAGE, NY, 11428
NTEE Category
Code: L20 - Housing
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