Overview
What is East One Thirty Eighth Housing Development Fund Company Inc?
East One Thirty Eighth Housing Development Fund Company Inc is a not-for-profit housing development corporation situated in New York, specifically at 2345 BROADWAY, New York, NY 10024. Committed to serving low-income individuals, this organization focuses on developing, operating, and managing housing solutions. Their mission extends beyond construction, as they also provide essential social services to the residents of these housing units. With a team of 8 dedicated employees, East One Thirty Eighth Housing Development Fund Company Inc strives to improve the living conditions and support systems for individuals and families in financial need.
Official website here: www.wsfssh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
East One Thirty Eighth Housing Development Fund Company Inc has received an overall score of 81%, reflecting a solid performance in accountability and finance. This score is derived from various metrics that assess the organization's financial health and governance practices, indicating a strong commitment to transparency and responsible management of resources.
The nonprofit excels particularly in its program expense ratio, with an impressive 98.85%, suggesting that nearly all funds are directed towards its programs rather than administrative costs. Additionally, it has received full points in several key governance areas, including the presence of a conflict of interest policy, a whistleblower policy, and thorough documentation of board meeting minutes, all of which enhance its credibility and operational integrity.
While the organization shows robust financial practices, the rating is based solely on the accountability and finance beacon, which may limit insights into other critical aspects such as program effectiveness or community impact. Nonetheless, the absence of material asset diversions and a favorable liabilities to assets ratio further bolster confidence in its financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is East One Thirty Eighth Housing Development Fund Company Inc legitimate?
East One Thirty Eighth Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. East One Thirty Eighth 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: $97,374
For more financial information, click here
Official website here: www.wsfssh.org
What is the mission statement of East One Thirty Eighth Housing Development Fund Company Inc?
East One Thirty Eighth Housing Development Fund Company Inc is a not-forprofit organization with a mission to develop, operate, and manage housing for individuals of low income. Their commitment extends to providing social services to the residents living in these low-income housing units. The company's mission is centered around improving the living conditions and overall well-being of people who fall under the low-income bracket. By providing housing and associated services, they aim to contribute positively to these individuals' lives.
Official website here: www.wsfssh.org
Who is the CEO of East One Thirty Eighth Housing Development Fund Company Inc?
Paul R Freitag is the Vice President of East One Thirty Eighth Housing Development Fund Company Inc.
Official website here: www.wsfssh.org
What is the revenue of East One Thirty Eighth Housing Development Fund Company Inc?
East One Thirty Eighth Housing Development Fund Company Inc's revenue in 2022 was $683,735.
Official website here: www.wsfssh.org
Who are the executives of East One Thirty Eighth Housing Development Fund Company Inc and what are their salaries?
The average compensation at East One Thirty Eighth Housing Development Fund Company Inc during 2022 was $12,172. There are 8 employees and 1 volunteer at East One Thirty Eighth Housing Development Fund Company Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $189,126
- Other: $6,613
- Compensation: $0
- Related: $236,229
- Other: $63,275
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $120,439
- Other: $41,746
- Compensation: $0
- Related: $89,272
- Other: $13,983
- Compensation: $0
- Related: $168,428
- Other: $54,124
Official website here: www.wsfssh.org
Where can I find the form 990 for East One Thirty Eighth Housing Development Fund Company Inc?
East One Thirty Eighth Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wsfssh.org
Learn more at the official website: www.wsfssh.org
Mission Statement of East One Thirty Eighth Housing Development Fund Company Inc
East One Thirty Eighth Housing Development Fund Company Inc is a not-for-profit housing development corporation committed to an important mission. This organization focuses on developing, operating, and managing housing for individuals of low income. Their mission is to provide suitable living spaces for those who may struggle financially, ensuring they have access to affordable housing. In addition to housing, East One Thirty Eighth Housing Development Fund Company Inc also offers social services to the residents living in these low income housing units. This nonprofit organization plays a significant role in supporting the well-being of its residents, offering essential assistance and resources to help them navigate their daily lives.
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Impact
July, 2024
East One Thirty Eighth Housing Development Fund Company Inc's impact is significant in providing affordable housing options for individuals of low income in New York City. Through their dedicated efforts, they are able to develop, operate, and manage housing units that cater specifically to those in need. By offering social services to residents of low income housing, they contribute towards creating a supportive and stable living environment for these individuals. Their mission of promoting affordable housing and supporting low-income individuals aligns with addressing critical social issues and improving the quality of life for many in the community.
This information is meant to be a general summary of East One Thirty Eighth 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 2022.
- Program Service Revenue: $582,169
- Gross Receipts: $683,735
Assets and Liabilities:
- Total Assets: $1,614,775
- Total Liabilities: $54,913
- Net Assets: $1,559,862
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$582,169
Organization Details
Founding Year
2010
Phone
(212) 721-6032Principal Officer
Paul R Freitag
Main Address
2345 BROADWAY, NEW YORK, NY, 10024
Website
www.wsfssh.orgNTEE Category
Code: L21 - Housing
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