Overview
What is Whga Garvey Housing Development Fund Company Inc?
Whga Garvey Housing Development Fund Company Inc is a nonprofit organization situated in New York, specifically at 1652 Amsterdam Avenue, New York, NY 10031. Its primary mission is to alleviate housing congestion and overcrowding among low-income families, mentally disadvantaged individuals, and the homeless population. The organization offers housing services, aiming to provide opportunities and relief for those who are disadvantaged in the housing market. With a dedicated team of nine employees, Whga Garvey Housing Development Fund Company Inc works tirelessly to address housing needs in their community.
Official website here: www.whgainc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Whga Garvey Housing Development Fund Company Inc has earned a solid score of 77%, reflecting strengths in its accountability and financial practices. The organization demonstrates a commitment to transparency, with independent board members making up 100% of its board and effective oversight mechanisms in place, such as a fully functional audit and oversight committee. Additionally, their program expense ratio is impressive at nearly 90%, indicating that a significant portion of their resources is allocated to their mission-driven activities.
However, the organization faces a challenge with its liabilities to assets ratio, which stands at 285.27%. This high figure suggests potential financial strain, as it indicates that the organization has more liabilities than assets. While this could raise concerns about financial stability, the organization's other financial practices, including robust policies on conflict of interest and whistleblower protection, support its overall accountability.
In conclusion, while Whga Garvey Housing Development Fund Company Inc scores well in most accountability metrics, stakeholders may want to keep an eye on its financial ratios to assess long-term sustainability. Overall, the nonprofit demonstrates strong governance practices and a clear commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Whga Garvey Housing Development Fund Company Inc legitimate?
Whga Garvey Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Whga Garvey Housing Development Fund Company 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: $162,570
For more financial information, click here
Official website here: www.whgainc.org
What is the mission statement of Whga Garvey Housing Development Fund Company Inc?
Whga Garvey Housing Development Fund Company Inc was established with the mission to provide housing solutions. Its primary objective is to alleviate housing congestion and overcrowding among low-income families, mentally disadvantaged individuals, and the homeless population. The organization offers housing services to relieve the housing crisis among the impoverished and provides housing opportunities for the homeless and other disadvantaged persons. The organization's purpose is to contribute to a more inhabitable living environment for those in need.
Official website here: www.whgainc.org
What is the revenue of Whga Garvey Housing Development Fund Company Inc?
Whga Garvey Housing Development Fund Company Inc's revenue in 2023 was $1,808,230.
Official website here: www.whgainc.org
Who are the executives of Whga Garvey Housing Development Fund Company Inc and what are their salaries?
The average compensation at Whga Garvey Housing Development Fund Company Inc during 2023 was $18,063. There are 9 employees at Whga Garvey Housing Development Fund Company Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.whgainc.org
Where can I find the form 990 for Whga Garvey Housing Development Fund Company Inc?
Whga Garvey Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.whgainc.org
Learn more at the official website: www.whgainc.org
Mission Statement of Whga Garvey Housing Development Fund Company Inc
Whga Garvey Housing Development Fund Company Inc, established with a mission, aims to alleviate housing issues among indigent families, mentally disadvantaged individuals, and the homeless. The organization's primary objective is to mitigate housing congestion and overcrowding within these vulnerable populations. To achieve this, Whga Garvey Housing Development Fund Company Inc provides housing services, offering opportunities for the homeless and disadvantaged individuals to secure a living space. By offering housing solutions, the organization aims to contribute to a more balanced and equitable living situation for these communities.
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Impact
October, 2024
Whga Garvey Housing Development Fund Company Inc significantly impacts the communities it serves by addressing critical housing needs. By providing dedicated housing services to indigent families, the organization alleviates issues of congestion and overcrowding often faced by low-income households. This initiative is crucial not only for families living in poverty but also for mentally disadvantaged individuals and the homeless who frequently struggle to find safe and stable living conditions.
Their work fosters improved living environments and promotes dignity among those who have been marginalized, thereby enhancing the overall well-being of the community. By creating more accessible housing opportunities, Whga Garvey plays a vital role in breaking the cycle of poverty and homelessness, empowering individuals, and promoting social stability in New York. Ultimately, their efforts contribute to a healthier, more equitable society where everyone has the chance to thrive.
This information is meant to be a general summary of Whga Garvey Housing Development Fund Company 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 2023.
- Investment Income: $24,144
- Program Service Revenue: $1,747,041
- Gross Receipts: $1,808,230
Assets and Liabilities:
- Total Assets: $3,460,258
- Total Liabilities: $9,871,630
- Net Assets: -$6,411,372
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANTS RENTS
Revenue
$1,747,041
Organization Details
Founding Year
2010
Principal Officer
Donald C Notice
Website
www.whgainc.orgNTEE Category
Code: L20 - Housing
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