Overview
What is 209 South 2nd Street Housing Development Fund Corporation?
The 209 South 2nd Street Housing Development Fund Corporation is a nonprofit organization, situated in Brooklyn, New York (11211). Their primary mission is dedicated to providing housing for individuals of low income. They achieve this by owning, rehabilitating, managing, leasing, maintaining, developing, and operating a residential housing project specifically designed for this demographic. This housing project aims to offer a safe and comfortable living environment for those in need.
Official website here: www.lossures.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The 209 South 2nd Street Housing Development Fund Corporation has earned an 81% score, reflecting a solid Three-Star rating based exclusively on its Accountability & Finance metrics. This strong performance indicates that the organization has a reliable financial structure, ensuring that donor contributions are managed effectively. The high score in this category suggests a commitment to transparency and ethical governance practices.
Key strengths highlighted in the rating include a fully independent board with 100% independent members, and high marks for financial oversight, including a well-functioning audit and oversight committee. Additionally, the organization demonstrates robust policies in place for conflict of interest, whistleblower protections, and document management, contributing to its overall governance score.
While the organization shows strong accountability measures, it is essential to consider the absence of a broader evaluation across other domains such as program effectiveness or impact, which are not reflected in this financial-focused score. Nevertheless, the high program expense ratio indicates that a significant portion of resources is directed toward fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is 209 South 2nd Street Housing Development Fund Corporation legitimate?
209 South 2nd Street Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 209 South 2nd Street 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
Official website here: www.lossures.org
What is the mission statement of 209 South 2nd Street Housing Development Fund Corporation?
The 209 South 2nd Street Housing Development Fund Corporation was established with a primary objective. This objective involves owning, rehabilitating, managing, leasing, maintaining, developing, and operating a housing project specifically designed for individuals of low income. In essence, the corporation's mission is centered around providing affordable housing for this particular demographic. The organization has successfully operated a 35-unit housing project, catering to the needs of individuals who fall under the low-income category.
Official website here: www.lossures.org
Who is the CEO of 209 South 2nd Street Housing Development Fund Corporation?
Juan Ramos is the Board Member of 209 South 2nd Street Housing Development Fund Corporation.
Official website here: www.lossures.org
What is the revenue of 209 South 2nd Street Housing Development Fund Corporation?
209 South 2nd Street Housing Development Fund Corporation's revenue in 2022 was $510,922.
Official website here: www.lossures.org
Who are the executives of 209 South 2nd Street Housing Development Fund Corporation and what are their salaries?
There 15 volunteers at 209 South 2nd Street Housing Development Fund Corporation.
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $140,848
- Other: $15,855
- Compensation: $0
- Related: $131,594
- Other: $15,855
Official website here: www.lossures.org
Where can I find the form 990 for 209 South 2nd Street Housing Development Fund Corporation?
209 South 2nd Street Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lossures.org
Learn more at the official website: www.lossures.org
Mission Statement of 209 South 2nd Street Housing Development Fund Corporation
The 209 South 2nd Street Housing Development Fund Corporation is dedicated to serving individuals of low income by managing and operating a housing project. Established with a specific purpose, this organization is exclusively focused on owning, rehabilitating, maintaining, leasing, developing, and operating a residential housing project for individuals who fall under this income bracket. By providing this service, the corporation aims to contribute to the housing needs of those who may otherwise struggle to secure suitable living arrangements. The corporation has successfully operated a 35-unit housing project, providing a much-needed resource for this demographic.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
209 South 2nd Street Housing Development Fund Corporation's impact is significant in providing affordable housing options for low-income individuals in Brooklyn, NY. By operating a 35-unit residential housing project, this organization plays a crucial role in addressing the housing needs of individuals who may otherwise struggle to find affordable and safe housing options. Their mission focuses on owning, rehabilitating, managing, leasing, maintaining, developing, and operating housing projects for persons of low income, which directly contributes to improving the quality of life for those in need in the community.
This information is meant to be a general summary of 209 South 2nd Street 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.
- Program Service Revenue: $494,307
- Gross Receipts: $510,922
Assets and Liabilities:
- Total Assets: $4,753,013
- Total Liabilities: $5,320,983
- Net Assets: -$567,970
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$494,307
Organization Details
Founding Year
2009
Phone
(718) 387-3600Principal Officer
Juan Ramos
Main Address
434 SOUTH 5TH STREET, BROOKLYN, NY, 11211
Website
www.lossures.orgNTEE Category
Code: L99 - Housing
If you are a representative of 209 South 2nd Street Housing Development Fund Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.