Overview
What is Riordan School Addition Housing Development Fund Company Inc?
Riordan School Addition Housing Development Fund Company Inc, located at 990 James Street, Syracuse, NY 13203, is a nonprofit organization with a unique mission. Established under the Private Housing Finance Law of New York, its primary objective is to develop, own, and operate a low-income housing project for the elderly. This project, funded under Section 202 of the National Housing Act, operates on a nonprofit basis, providing essential housing solutions for those in need. The organization's focus on affordable housing for the elderly aligns with its mission to enhance the quality of life for vulnerable individuals in the community.
Official website here: www.christopher-community.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Riordan School Addition Housing Development Fund Company Inc has received a commendable Four-Star rating from Charity Navigator, reflecting an overall score of 97%. This score is derived entirely from the organization’s strong performance in the Accountability & Finance beacon, indicating a commitment to transparency and responsible financial practices. The rating is particularly impressive as it suggests that the organization is effectively utilizing its resources to achieve its mission.
The organization demonstrates exceptional governance with a fully independent board, consisting of 10 independent members. It also scored perfectly across various accountability metrics, including the materials related to conflict of interest and whistleblower policies, as well as document retention. The low liabilities to assets ratio of 2.54% reinforces its financial stability, while a program expense ratio of 80.54% indicates that a significant portion of its expenditures goes directly towards program services.
While the data showcases strong accountability and financial health, potential donors may still want to consider the specific programs and impact of the organization's work in the community. Overall, Riordan School Addition Housing Development Fund Company Inc stands out for its governance and financial practices, making it a trustworthy option for contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Riordan School Addition Housing Development Fund Company Inc legitimate?
Riordan School Addition Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riordan School Addition Housing Development Fund Company 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: $27,058
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.christopher-community.org
What is the mission statement of Riordan School Addition Housing Development Fund Company Inc?
The Riordan School Addition Housing Development Fund Company Inc was established with a specific purpose: to develop, manage, and operate a low-income housing project on a non-profit basis. In alignment with Article XI of the Private Housing Finance Law of New York, they oversee a federally subsidized, 10-unit housing project, particularly designed for the elderly. This project operates under Section 202 of the National Housing Act, providing affordable housing options.
Official website here: www.christopher-community.org
Who is the CEO of Riordan School Addition Housing Development Fund Company Inc?
Howard Krueger is the President of Riordan School Addition Housing Development Fund Company Inc.
Official website here: www.christopher-community.org
What is the revenue of Riordan School Addition Housing Development Fund Company Inc?
Riordan School Addition Housing Development Fund Company Inc's revenue in 2022 was $102,748.
Official website here: www.christopher-community.org
Who are the executives of Riordan School Addition Housing Development Fund Company Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.christopher-community.org
Where can I find the form 990 for Riordan School Addition Housing Development Fund Company Inc?
Riordan School Addition Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.christopher-community.org
Learn more at the official website: www.christopher-community.org
Mission Statement of Riordan School Addition Housing Development Fund Company Inc
Riordan School Addition Housing Development Fund Company Inc was established with a singular focus: to develop, own, and operate a low-income housing project on a non-profit basis. This mission is in line with Article XI of the Private Housing Finance Law of New York State. The organization carries out this mission by operating a federally subsidized 10-unit low-income housing project specifically for the elderly, in accordance with Section 202 of the National Housing Act. This project is run on a non-profit basis, aligning with the organization's dedication to providing affordable housing solutions for vulnerable populations.
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Impact
October, 2024
Riordan School Addition Housing Development Fund Company Inc significantly contributes to addressing the housing needs of the elderly in Syracuse, NY, by operating a federally subsidized, 10-unit low-income housing project tailored specifically for this demographic. By providing affordable housing options, it plays a crucial role in enhancing the quality of life for seniors who may face financial challenges in securing adequate living conditions.
The project operates under Section 202 of the National Housing Act, ensuring that low-income elderly individuals have access to safe and stable housing. This initiative not only aids in meeting immediate housing needs but also fosters a sense of community among residents. By creating an environment where seniors can live independently yet with available support, the organization helps to mitigate isolation and improve overall well-being, ultimately leading to a positive impact on the community.
Furthermore, by adhering to the regulations of Article XI of the Private Housing Finance Law of New York, the organization ensures that its operations are aligned with state policies aimed at enhancing the availability of affordable housing, thereby setting a precedent for similar projects in the region. The commitment to developing, owning, and operating this housing project signifies an essential step toward sustainable solutions in addressing the housing crisis faced by vulnerable populations.
This information is meant to be a general summary of Riordan School Addition Housing Development Fund Company 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: $557
- Program Service Revenue: $102,109
- Gross Receipts: $102,748
Assets and Liabilities:
- Total Assets: $959,755
- Total Liabilities: $24,545
- Net Assets: $935,210
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$102,109
Organization Details
Founding Year
2005
Phone
(315) 424-1821Principal Officer
Howard Krueger
Main Address
990 JAMES STREET, SYRACUSE, NY, 13203
NTEE Category
Code: L22 - Housing
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