Overview
What is Alliance For Housing Inc?
Alliance for Housing Inc. is a nonprofit organization situated in Roslyn, New York, with a mission to facilitate the construction of green housing for residents earning less than 60% of the area median income. They primarily obtain grants, primarily from NYSERDA, for the production of co-generation plants and solar panel installations. This initiative aims to reduce energy costs for over 3,500 low-income housing units. In essence, Alliance for Housing Inc. plays a crucial role in promoting affordable housing in New York City and assisting in securing the necessary funds for this cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (63%)
Alliance For Housing Inc has received a rating of two stars from Charity Navigator, indicating that it needs improvement in various areas of its operations and governance. The charity has a score of 63%, which reflects its accountability and financial practices, but there are significant weaknesses noted in its board independence and governance policies.
One of the organization's main strengths is its high program expense ratio, which stands at 98.46%. This suggests that a large portion of its resources is dedicated to its programs rather than administrative costs. Additionally, the charity has shown no material diversion of assets, indicating responsible management of its financial resources.
However, the organization struggles with governance, as it has no independent board members, which can raise concerns about oversight and accountability. Furthermore, Alliance For Housing Inc lacks essential policies such as a whistleblower and document retention policy, and it has not posted its tax form on its website. These gaps highlight the need for improvement in transparency and governance practices to enhance trust and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance For Housing Inc legitimate?
Alliance For Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alliance For Housing 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: $0
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What is the mission statement of Alliance For Housing Inc?
Alliance for Housing Inc's mission is centered around promoting affordable housing and securing funds or grants for this purpose. Their objective is to develop and provide safe, decent, and sanitary housing at the lowest feasible cost for poor and distressed individuals residing or wishing to reside within the state of New York. Moreover, the organization strives to make additional housing opportunities available by facilitating the construction of green housing for New York City residents earning less than 60% of the area median income. This construction is primarily funded by grants obtained primarily from NYSERDA for the production of co-generation plants and solar panel installations, aiming to reduce energy costs for over 3,500 low-income housing units.
Who is the CEO of Alliance For Housing Inc?
Daniel Moritz is the Director of Alliance For Housing Inc.
What is the revenue of Alliance For Housing Inc?
Alliance For Housing Inc's revenue in 2021 was $117,209.
Who are the executives of Alliance For Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Alliance For Housing Inc?
Alliance For Housing Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Alliance For Housing Inc
Alliance for Housing Inc. is dedicated to promoting affordable housing and aiding in securing funds and grants for this purpose. Their mission is to assist in developing and providing safe, decent, and sanitary housing, and to make additional housing opportunities available at the most affordable cost for poor and distressed individuals who reside or wish to reside within New York State. In pursuit of this mission, Alliance for Housing Inc. facilitates the construction of green housing for New York City residents earning less than 60% of the area median income. This is primarily achieved by obtaining grants primarily from NYSERDA, which are used for the production of co-generation plants and solar panel installations. These initiatives aim to reduce energy costs for over 3,500 low-income housing units, thereby making green, affordable housing more accessible for those in need.
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Impact
October, 2024
Alliance For Housing Inc plays a pivotal role in promoting affordable housing and enhancing living conditions for low-income residents in New York City. Their efforts focus on facilitating the construction of green housing options for individuals earning less than 60% of the area median income. By obtaining crucial funding and grants, primarily from NYSERDA, they support the development of both co-generation plants and solar panel installations. This not only decreases energy costs but also contributes to a more sustainable environment.
Through their initiatives, Alliance For Housing Inc significantly impacts over 3,500 low-income housing units, ensuring that safe, decent, and sanitary living conditions are not just a dream but a reality for many. Their mission goes beyond construction; they strive to create additional affordable housing opportunities at the lowest feasible cost for poor and distressed individuals and families in New York, promoting stability and a better quality of life.
This information is meant to be a general summary of Alliance For Housing 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 2021.
- Investment Income: $49,854
- Gross Receipts: $117,209
Assets and Liabilities:
- Total Assets: $5,905,130
- Total Liabilities: $0
- Net Assets: $5,905,130
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Organization Details
Founding Year
2009
Phone
(516) 277-9300Principal Officer
Daniel Moritz
Main Address
1044 NORTHERN BLVD 2ND FLOOR, ROSLYN, NY, 11576
NTEE Category
Code: L20 - Housing
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