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Graduate Center Foundation Housing Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262227891 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Graduate Center Foundation Housing Corporation?

The Graduate Center Foundation Housing Corporation, located at 365 FIFTH AVE 8TH FLOOR, NEW YORK, NY 10016, is a nonprofit organization established to support the education objectives of students enrolled at The Graduate School and University Center - CUNY. By offering affordable housing, such as the popular Graduate Center Apartments at 165 EAST 118TH STREET, they enable these students to complete their studies. The complex, which features 77 housing units, includes amenities like a rooftop recreation space, an exercise room, a ground lounge, bike storage, and access to nearby campus facilities. Despite a slight increase in occupancy rate for the 2021-2022 academic year, the corporation aims to return to pre-pandemic occupancy levels by 2022-2023. Their mission is not just to provide housing but also to create a welcoming, safe, and inclusive environment, thereby aiding students in achieving their educational goals and succeeding in their studies.


Official website here: www.gc.cuny.edu

Is Graduate Center Foundation Housing Corporation legitimate?

Graduate Center Foundation Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Graduate Center Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $137,181

For more financial information, click here


Official website here: www.gc.cuny.edu

What is the mission statement of Graduate Center Foundation Housing Corporation?

The Graduate Center Foundation Housing Corporation was established with the aim of aiding graduate students enrolled at The Graduate School and University Center - CUNY. Their primary mission is to provide affordable housing for these students and their families, enabling them to complete their studies without financial strain. This mission aligns with a larger goal of supporting students in achieving their educational objectives and fostering their success. The corporation strives to create and maintain a welcoming, safe, and inclusive housing environment, which contributes to the overall well-being and success of the students.


Official website here: www.gc.cuny.edu

Who is the CEO of Graduate Center Foundation Housing Corporation?

Brian Peterson is the President of Graduate Center Foundation Housing Corporation.


Official website here: www.gc.cuny.edu

What is the revenue of Graduate Center Foundation Housing Corporation?

Graduate Center Foundation Housing Corporation's revenue in 2022 was $1,485,607.


Official website here: www.gc.cuny.edu

Who are the executives of Graduate Center Foundation Housing Corporation and what are their salaries?


Here are 3 key members and their salaries:


Peter H Darrow (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Myron Glucksman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwight Lee (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gc.cuny.edu

Where can I find the form 990 for Graduate Center Foundation Housing Corporation?

Graduate Center Foundation Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gc.cuny.edu

Learn more at the official website: www.gc.cuny.edu

Mission Statement of Graduate Center Foundation Housing Corporation

The Graduate Center Foundation Housing Corporation, established with the purpose of fostering and enabling the educational achievements of students enrolled at the Graduate School and University Center - CUNY, aims to provide affordable housing for these students and their families during their studies. This mission is intertwined with a larger objective of supporting students in fulfilling their educational goals and enabling their success by creating and maintaining a welcoming, safe, and inclusive housing environment. The organization is dedicated to providing an affordable living space for graduate students, thereby alleviating financial burdens and allowing them to focus on their academic pursuits.

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Impact




October, 2024

The Graduate Center Foundation Housing Corporation significantly impacts the educational journey of graduate students at the Graduate School and University Center - CUNY by providing affordable and accessible housing solutions. By creating a welcoming and safe living environment, it enables students and their families to focus on their studies without the burden of excessive housing costs.

Located at 165 East 118th Street, the Graduate Center Apartments offer modern amenities and a prime location that fosters a sense of community among students and faculty. The eight-story complex, featuring 77 housing units, has seen a growing popularity among its residents, illustrating the demand for affordable housing options in an urban setting.

This initiative not only supports students academically but also contributes to their overall well-being by offering amenities such as a rooftop recreation space, an exercise room, and shared lounge areas. By promoting a balanced lifestyle, the Graduate Center Foundation Housing Corporation enhances the student experience and encourages personal and academic success.

In response to post-pandemic challenges, occupancy rates have shown improvement, with expectations to return to pre-pandemic levels, marking a positive trend for both the housing corporation and the student community. Overall, the organization's commitment to affordable housing plays a crucial role in helping students achieve their educational goals.




This information is meant to be a general summary of Graduate Center Foundation 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.

Revenue
$1,485,607 (2022)
Expenses
$2,403,217 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,014
  • Program Service Revenue: $1,474,627
  • Gross Receipts: $1,485,607

Assets and Liabilities:

  • Total Assets: $18,854,867
  • Total Liabilities: $12,737,096
  • Net Assets: $6,117,771

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$1,474,627

Organization Details

Founding Year

2008

Principal Officer

Brian Peterson

Main Address

365 FIFTH AVE 8TH FLOOR, NEW YORK, NY, 10016

NTEE Category

Code: B112 - Education

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