Overview
What is Silvercrest Senior Housing Development Fund Corporation?
Silvercrest Senior Housing Development Fund Corporation is a nonprofit organization situated in Briarwood, New York. Its primary mission is to provide affordable housing for the very-low income elderly population, adhering to the United States Department of Housing and Urban Development's Section 202 Program. This program offers rental assistance for seniors who meet the federal program's requirements. The organization is committed to equality, not discriminating against individuals based on race, color, religion, sex, national origin, or disability, and complies with all relevant fair housing and civil rights laws. Silvercrest Senior Housing aims to continue the mission of the Silvercrest Center for Nursing and Rehabilitation, which focuses on enhancing quality of life for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, earning it a Two-Star out of Four Star rating.
Silvercrest Senior Housing Development Fund Corporation has received a moderate rating, indicating some concerns regarding its governance and financial practices. While the organization achieves a strong program expense ratio of 81.99%, reflecting a significant portion of expenses directed towards its mission, its overall accountability and finance score is lower due to issues such as having no independent board members and missing various required disclosures on its website.
The organization does have strong policies in place, including conflict of interest and whistleblower policies, which are important for ethical governance. However, the lack of independent oversight and transparency regarding board meeting minutes and tax forms raises potential red flags for stakeholders. Overall, while Silvercrest demonstrates commitment in program spending, improvements in governance and financial transparency could enhance its accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Silvercrest Senior Housing Development Fund Corporation legitimate?
Silvercrest Senior Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Silvercrest Senior Housing Development Fund 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: $0
For more financial information, click here
What is the mission statement of Silvercrest Senior Housing Development Fund Corporation?
Silvercrest Senior Housing Development Fund Corporation is committed to providing affordable housing for the very-low income elderly population. This mission is in line with the Silvercrest Center for Nursing and Rehabilitation's legacy, with its focus being "Giving Quality to Life." The organization achieves this mission through the United States Department of Housing and Urban Development's Section 202 Program, which offers rental assistance for seniors who meet the requirements of the federal program. Silvercrest Senior Housing does not discriminate based on race, color, religion, sex, national origin, or disability and adheres to all fair housing and civil rights laws. The corporation's aim is to enhance the lives of the elderly population by providing them with affordable housing options.
Who is the CEO of Silvercrest Senior Housing Development Fund Corporation?
Unavailable
What is the revenue of Silvercrest Senior Housing Development Fund Corporation?
Silvercrest Senior Housing Development Fund Corporation's revenue in 2022 was $819,616.
Who are the executives of Silvercrest Senior Housing Development Fund Corporation and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $356,546
- Other: $41,229
- Compensation: $0
- Related: $514,042
- Other: $42,072
- Compensation: $0
- Related: $471,069
- Other: $26,461
- Compensation: $0
- Related: $254,388
- Other: $23,878
- Compensation: $0
- Related: $287,219
- Other: $89,673
- Compensation: $0
- Related: $279,507
- Other: $37,646
- Compensation: $0
- Related: $220,710
- Other: $49,878
- Compensation: $0
- Related: $270,234
- Other: $30,581
- Compensation: $0
- Related: $546,634
- Other: $29,200
Where can I find the form 990 for Silvercrest Senior Housing Development Fund Corporation?
Silvercrest Senior Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Silvercrest Senior Housing Development Fund Corporation
Silvercrest Senior Housing Development Fund Corporation is committed to providing affordable housing for the very-low income elderly population. This mission is a continuation of the Silvercrest Center for Nursing and Rehabilitation's mission, which is centered around enhancing the quality of life. Silvercrest Senior Housing achieves this goal through the U.S. Department of Housing and Urban Development's Section 202 program. This program offers rental assistance to seniors who meet the requirements of the federal program. Silvercrest Senior Housing is dedicated to upholding fair housing principles, ensuring that it does not discriminate based on race, color, religion, sex, national origin, or disability. The organization adheres to all federal, state, and local fair housing and civil rights laws, as well as the HUD equal opportunity requirements.
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Impact
October, 2024
Silvercrest Senior Housing Development Fund Corporation plays a crucial role in addressing the housing needs of the very-low-income elderly population across the United States. By leveraging the Department of Housing and Urban Development's Section 202 program, it provides essential rental assistance specifically designed for seniors who qualify under federal guidelines. This support helps alleviate housing insecurity among elderly individuals, ensuring they have access to safe and affordable living conditions.
The corporation operates without discrimination, adhering to all federal, state, and local fair housing laws. This commitment not only promotes inclusivity but also fosters a diverse community where all individuals, regardless of their background, can find stability and support in their living arrangements.
Furthermore, Silvercrest's mission, encapsulated in the philosophy of "Giving Quality to Life," emphasizes not just the provision of housing but also the enhancement of the overall well-being of its residents. The impact of Silvercrest extends beyond mere shelter; it enriches the lives of seniors by fostering a supportive environment that values dignity, community, and respect for every individual.
This information is meant to be a general summary of Silvercrest Senior Housing Development Fund 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $73
- Program Service Revenue: $808,295
- Gross Receipts: $819,616
Assets and Liabilities:
- Total Assets: $14,036,743
- Total Liabilities: $18,542,688
- Net Assets: -$4,505,945
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME AND FEES
Revenue
$808,295
Organization Details
Founding Year
2008
Phone
(718) 480-4065Main Address
86-19 144TH STREET, BRIARWOOD, NY, 114353109
NTEE Category
Code: L20 - Housing
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