Overview
What is The Beatrice C Catullo Residence Housing Development Fund Corp?
The Beatrice C Catullo Residence Housing Development Fund Corp is a nonprofit organization situated in the Bronx, New York. Their primary mission is to provide 83 units of affordable housing to the low-income, elderly population within the community. Their activities are centered around this objective, aiming to make housing accessible for an underserved group of people in the area. With a dedicated workforce of 13 individuals, this nonprofit organization strives to contribute positively to the community and improve the living conditions of its elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Beatrice C Catullo Residence Housing Development Fund Corp has received a rating of 79%, which reflects a solid performance in its Accountability & Finance metrics. This rating, determined entirely by a single beacon score, indicates that the organization has a strong commitment to transparency and responsible financial management. The high scores in various categories, particularly for independent board members and financial oversight, suggest a robust governance structure.
The organization demonstrates commendable financial practices, with an impressive program expense ratio of 88.61%, indicating that a significant portion of its funds is directed towards its mission. Additionally, policies such as conflict of interest, whistleblower protections, and document retention are all well-established, contributing positively to the organization's accountability framework.
However, while the financial aspects are well-handled, details about the organization's programmatic impact or effectiveness in achieving its goals are less clear. The focus on financial metrics may leave potential donors wanting more information on the direct outcomes of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is The Beatrice C Catullo Residence Housing Development Fund Corp legitimate?
The Beatrice C Catullo Residence Housing Development Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Beatrice C Catullo Residence Housing Development Fund Corp 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: $81,847
For more financial information, click here
What is the mission statement of The Beatrice C Catullo Residence Housing Development Fund Corp?
The Beatrice C Catullo Residence Housing Development Fund Corp's mission is centered around providing affordable housing. Specifically, they aim to serve the low-income, elderly, and disabled population within the community. Their primary objective is to construct and offer 83 affordable housing units for the elderly segment of this community. In essence, their mission is dedicated to enhancing living conditions and ensuring accessibility to housing for those who may otherwise face financial challenges.
Who is the CEO of The Beatrice C Catullo Residence Housing Development Fund Corp?
Dr Anderson Torres is the CEO of The Beatrice C Catullo Residence Housing Development Fund Corp The CEO's salary of The Beatrice C Catullo Residence Housing Development Fund Corp is $0 and their total compensation is $428,433.
What is the revenue of The Beatrice C Catullo Residence Housing Development Fund Corp?
The Beatrice C Catullo Residence Housing Development Fund Corp's revenue in 2023 was $1,057,252.
Who are the executives of The Beatrice C Catullo Residence Housing Development Fund Corp and what are their salaries?
The average compensation at The Beatrice C Catullo Residence Housing Development Fund Corp during 2023 was $20,462. There are 4 employees and 7 volunteers at The Beatrice C Catullo Residence Housing Development Fund Corp.
Here are 8 key members and their salaries (The Beatrice C Catullo Residence Housing Development Fund Corp's CEO's salary is $0 and their total compensation is $428,433):
- Compensation: $0
- Related: $406,921
- Other: $21,512
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $216,950
- Other: $15,130
Where can I find the form 990 for The Beatrice C Catullo Residence Housing Development Fund Corp?
The Beatrice C Catullo Residence Housing Development Fund Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Beatrice C Catullo Residence Housing Development Fund Corp
The Beatrice C Catullo Residence Housing Development Fund Corp is dedicated to serving the community by providing affordable housing solutions for its low-income, elderly, and disabled population. With a clear mission, this organization aims to construct and manage 83 units of affordable housing, ensuring that these vulnerable individuals have access to safe and comfortable living spaces. By offering affordable housing, The Beatrice C Catullo Residence Housing Development Fund Corp plays a crucial role in enhancing the overall well-being of its target population, enabling them to focus on other aspects of their lives with less financial stress.
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Impact
October, 2024
The Beatrice C Catullo Residence Housing Development Fund Corp plays a vital role in addressing housing needs in the Bronx, New York. By providing 83 units of affordable housing, it directly supports low-income, elderly, and disabled individuals in the community, enhancing their quality of life.
This initiative helps alleviate housing instability and homelessness, offering secure living conditions for some of the most vulnerable populations. Ensuring access to affordable housing fosters a stable environment, promotes community integration, and allows residents to maintain their independence while receiving necessary support services. Overall, the development contributes significantly to the well-being of the local community by creating a more inclusive and supportive living environment.
This information is meant to be a general summary of The Beatrice C Catullo Residence Housing Development Fund Corp. 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: $108
- Program Service Revenue: $318,027
- Gross Receipts: $1,057,252
Assets and Liabilities:
- Total Assets: $11,347,037
- Total Liabilities: $13,957,887
- Net Assets: -$2,610,850
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$318,027
Organization Details
Founding Year
2004
Principal Officer
Dr Anderson Torres
NTEE Category
Code: L21 - Housing
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