Overview
What is Ardsley Housing Development Fund Corp?
Ardsley Housing Development Fund Corp is a nonprofit organization that actively contributes to addressing homelessness. Based in White Plains, NY, the corporation constructs and manages housing units specifically for homeless families. They operate a two-family house, providing shelter for eligible families in need. The rental costs for these units are partly covered by governmental aid, ensuring affordability for the residents. The organization's mission revolves around providing housing solutions for the homeless community, contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Ardsley Housing Development Fund Corp has received a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization earned a perfect score for having a fully independent board and no material diversion of assets, which demonstrates a commitment to transparency and fiduciary responsibility. Their accountability practices are reinforced by well-documented policies, including conflict of interest and whistleblower policies, contributing to their high score in this category.
In terms of financial efficiency, the organization showcases an impressive program expense ratio of 94.26%, indicating that a significant portion of its budget is allocated directly to its programs and services, rather than administrative costs. This focus on programmatic spending underscores the organization's effectiveness in fulfilling its mission and serving its community.
Overall, Ardsley Housing Development Fund Corp exemplifies strong governance and financial integrity, making it a trustworthy choice for donors. However, as with any organization, potential supporters may want to seek additional insights into its specific programs and impact to further understand its effectiveness in addressing housing development needs.
This AI summary has been generated from information found on Charity Navigator.
Is Ardsley Housing Development Fund Corp legitimate?
Ardsley Housing Development Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ardsley 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:
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What is the mission statement of Ardsley Housing Development Fund Corp?
Ardsley Housing Development Fund Corporation is dedicated to addressing homelessness by developing and managing housing solutions. This includes operating a two-family house in White Plains, New York, specifically for eligible homeless families. The rent for these units is supported through partial subsidies from governmental rental assistance programs. The organization's primary goal is to provide a roof over the heads of those in need, thereby contributing to the alleviation of homelessness. Their efforts aim to provide stable living environments, thereby improving the overall lives of the families they serve.
Who is the CEO of Ardsley Housing Development Fund Corp?
Kimberlie Jacobs is the Principal Officer of Ardsley Housing Development Fund Corp.
What is the revenue of Ardsley Housing Development Fund Corp?
Ardsley Housing Development Fund Corp's revenue in 2022 was $16,699.
Who are the executives of Ardsley Housing Development Fund Corp and what are their salaries?
There 6 volunteers at Ardsley Housing Development Fund Corp.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ardsley Housing Development Fund Corp?
Ardsley Housing Development Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ardsley Housing Development Fund Corp
Ardsley Housing Development Fund Corporation is committed to addressing homelessness by developing and operating suitable housing solutions. One of their key initiatives involves operating a two-family house in White Plains, New York, specifically designed for eligible homeless families. The rent for these units is partially subsidized through governmental rental assistance, ensuring that these families have affordable housing options. The organization's mission is to provide a supportive environment for homeless families, enabling them to rebuild their lives with stability and dignity.
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Impact
August, 2024
Ardsley Housing Development Fund Corp's impact is providing essential housing services to homeless families in White Plains, NY. The organization develops and operates housing units that are specifically designed to accommodate and support eligible homeless families. By offering a safe and stable living environment, Ardsley Housing Development Fund Corp plays a crucial role in addressing homelessness and providing much-needed support to vulnerable individuals and families in the community.
This information is meant to be a general summary of Ardsley 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 2022.
- Investment Income: $75
- Program Service Revenue: $16,624
- Gross Receipts: $16,699
Assets and Liabilities:
- Total Assets: $527,946
- Total Liabilities: $19,961
- Net Assets: $507,985
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$16,624
Organization Details
Founding Year
2007
Phone
(914) 332-8801Principal Officer
Kimberlie Jacobs
Main Address
65 Lake St 2nd floor, white plains, NY, 10604
NTEE Category
Code: L20 - Housing
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