Overview
What is Caritas Housing Corporation?
Caritas Housing Corporation is a nonprofit organization situated in Hicksville, New York. Its primary mission is to offer affordable housing and related services to individuals who are economically and financially disadvantaged. This includes senior citizens, the elderly, and the disabled, who struggle to afford housing within their communities. The organization works by providing funds to other nonprofit organizations with similar objectives, enabling them to offer affordable housing and essential services in Long Island, New York, where such resources are scarce.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Caritas Housing Corporation has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 94%, the organization demonstrates a commitment to transparency and effective financial management, which is crucial for fostering donor trust and support.
The organization boasts a fully independent board with eight members, ensuring objective governance and oversight. Key policies such as conflict of interest and whistleblower protections are in place, along with thorough documentation practices. Additionally, the charity maintains a remarkably low liabilities to assets ratio of 0.04%, indicating a solid financial standing.
Caritas Housing Corporation excels in program efficiency, with a program expense ratio of 94.77%, meaning that the majority of its resources are directed toward its mission-related activities. Overall, while the organization showcases strong governance and operational practices, continued focus on maintaining these standards will be essential for sustained success and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Caritas Housing Corporation legitimate?
Caritas Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caritas 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.
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What is the mission statement of Caritas Housing Corporation?
Caritas Housing Corporation's mission is centered around providing affordable housing and related services for individuals who are economically and financially disadvantaged. This includes senior citizens, the elderly, and the disabled, who often struggle to find affordable housing within their communities. The organization accomplishes this by providing funds to other nonprofit organizations that share the same mission, enabling them to offer affordable housing and related services to individuals with limited means or special needs. These organizations are currently active in Long Island, New York, where there is a significant lack of adequate housing options for such individuals.
Who is the CEO of Caritas Housing Corporation?
Richard Balcom is the President of Caritas Housing Corporation.
What is the revenue of Caritas Housing Corporation?
Caritas Housing Corporation's revenue in 2023 was $498,994.
Who are the executives of Caritas Housing Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Caritas Housing Corporation?
Caritas Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Caritas Housing Corporation
Caritas Housing Corporation is dedicated to providing affordable housing and related services for individuals who are economically and financially disadvantaged. This nonprofit organization's mission extends to supporting those who struggle to afford housing in their community, including senior citizens, the elderly, and the disabled. Caritas Housing Corporation is not only involved in providing affordable housing but also contributes funds to other nonprofit organizations with a similar mission, helping to ensure that people of limited means or with special needs have access to adequate housing in Long Island, New York. By supporting these organizations, Caritas Housing Corporation plays a crucial role in addressing the housing needs of those who are economically vulnerable.
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Impact
July, 2024
Caritas Housing Corporation's impact is significant in providing affordable housing and related services for individuals who are economically and financially disadvantaged, including senior citizens, the elderly, and the disabled. By facilitating the availability of housing options for those of limited means or special needs in Long Island, New York, where adequate housing is lacking, Caritas Housing Corporation is addressing a critical need in the community. Through its mission to ensure that economically disadvantaged individuals have access to safe and affordable housing, Caritas Housing Corporation is making a positive difference in the lives of those who may otherwise struggle to secure stable living arrangements.
This information is meant to be a general summary of Caritas 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $498,994
- Gross Receipts: $498,994
Assets and Liabilities:
- Total Assets: $12,294,707
- Total Liabilities: $5,025
- Net Assets: $12,289,682
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Organization Details
Founding Year
2009
Phone
(516) 733-7032Principal Officer
Richard Balcom
Main Address
90 CHERRY LANE, HICKSVILLE, NY, 118016232
NTEE Category
Code: L12 - Housing
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