Overview
What is Amsterdam Housing I Inc?
Amsterdam Housing I Inc is a nonprofit organization situated in Buffalo, New York, with a specific mission to provide affordable housing for financially distressed individuals, focusing on low-income families, senior citizens, and persons with disabilities. Their activities aim to assist distressed or underprivileged people, including those with disabilities, in combating the deterioration of poor or blighted areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Amsterdam Housing I Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a robust score of 94% in Accountability & Finance. This rating indicates that the organization demonstrates a high level of transparency and accountability in its financial management, essential for fostering donor trust and ensuring sustainability.
The strengths of Amsterdam Housing I Inc lie in its governance and financial practices. Notably, the organization boasts a fully independent board, with 100% of its members meeting the independence criteria. Additionally, there are no reported material diversions of assets, and the charity has well-established policies for conflict of interest, whistleblowing, and document retention, further showcasing its commitment to ethical practices.
While the financial health of the organization is solid, with a program expense ratio of over 82%, indicating that a significant portion of expenses directly supports its mission, the focus remains primarily on accountability metrics. Future evaluations could consider aspects such as program impact and community engagement to provide a more comprehensive view of the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Amsterdam Housing I Inc legitimate?
Amsterdam Housing I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Amsterdam Housing I 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,292
For more financial information, click here
What is the mission statement of Amsterdam Housing I Inc?
Amsterdam Housing I Inc is committed to helping distressed or underprivileged individuals, including those with disabilities, combat the deterioration of poor or blighted areas. One of its primary objectives is to provide affordable housing to financially distressed individuals, particularly low-income families, senior citizens, and persons with disabilities. The organization's mission is to assist these vulnerable groups and contribute to the revitalization of neglected neighborhoods.
Who is the CEO of Amsterdam Housing I Inc?
Hai-Ping Fu is the Chairperson of Amsterdam Housing I Inc.
What is the revenue of Amsterdam Housing I Inc?
Amsterdam Housing I Inc's revenue in 2022 was $179,406.
Who are the executives of Amsterdam Housing I Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Amsterdam Housing I Inc?
Amsterdam Housing I Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Amsterdam Housing I Inc
Amsterdam Housing I Inc, a nonprofit organization, is committed to aiding distressed or underprivileged individuals, including those with disabilities. Their mission is centered around combating the deterioration of poor or blighted areas. In pursuit of this objective, Amsterdam Housing I Inc strives to provide affordable housing to financially distressed individuals, focusing primarily on low-income families, senior citizens, and people with disabilities. The organization's efforts aim to improve living conditions and promote community development, ultimately contributing to a more equitable society.
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Impact
October, 2024
Amsterdam Housing I Inc plays a vital role in alleviating the housing challenges faced by financially distressed individuals and families in Buffalo, NY. By focusing on affordable housing solutions, the organization targets low-income families, senior citizens, and persons with disabilities, ensuring that these vulnerable populations have access to safe and stable living conditions.
The impact of Amsterdam Housing I Inc extends beyond providing shelter; it actively combats the deterioration of blighted areas, contributing to community revitalization. By improving housing options, the organization fosters a sense of community and helps break the cycle of poverty, allowing residents to thrive. Their commitment to assisting underprivileged individuals not only addresses immediate housing needs but also promotes long-term stability and empowerment within the community.
This information is meant to be a general summary of Amsterdam Housing I 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: $41
- Program Service Revenue: $145,511
- Gross Receipts: $179,406
Assets and Liabilities:
- Total Assets: $2,392,277
- Total Liabilities: $15,723
- Net Assets: $2,376,554
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$89,660
TENANT ASSIST. PAYMENT
Revenue
$55,851
Organization Details
Founding Year
2006
Phone
(845) 452-1424Principal Officer
Hai-Ping Fu
Main Address
215 BROADWAY, BUFFALO, NY, 14204
NTEE Category
Code: L21 - Housing
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