Overview
What is Markham Gardens Manor Housing Development Fund Company Inc?
Markham Gardens Manor Housing Development Fund Company Inc is a nonprofit organization situated in Staten Island, New York. The primary focus of this organization is to provide housing and related services to the elderly population on a nonprofit basis. They own and manage a Section 202 HUD-financed multifamily housing project, which comprises 80 units, specifically designed to cater to the elderly. Their mission is deeply rooted in helping the less fortunate elderly community, ensuring they have a comfortable living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Markham Gardens Manor Housing Development Fund Company Inc has achieved a Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The organization’s overall score is heavily weighted on this aspect, with a perfect score in accountability and finance. This indicates a strong commitment to transparency and ethical management of resources.
The nonprofit boasts a fully independent board, with 100% of its members serving independently, which contributes to its excellent governance. Additionally, it has no reported issues regarding the diversion of assets, and it has established comprehensive policies on conflicts of interest, whistleblower protections, and document retention. The financial oversight mechanisms are robust, featuring a strong audit and oversight committee.
Despite these strengths, it is important for potential donors and stakeholders to remain aware that the rating is primarily based on financial measures and governance. While the organization demonstrates strong accountability, detailed insights into programmatic impact and community outcomes are not covered in the financial score alone. Overall, Markham Gardens appears to be a well-managed nonprofit focused on responsible financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Markham Gardens Manor Housing Development Fund Company Inc legitimate?
Markham Gardens Manor Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Markham Gardens Manor 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: $148,647
For more financial information, click here
What is the mission statement of Markham Gardens Manor Housing Development Fund Company Inc?
Markham Gardens Manor Housing Development Fund Company Inc is committed to providing housing and related services to the economically disadvantaged elderly on a non-profit basis. They accomplish this mission by owning and operating a Section 202 HUD-financed multifamily housing project specifically designed for the elderly. The project, consisting of 80 units, is their primary means of addressing the housing needs of this vulnerable population.
Who is the CEO of Markham Gardens Manor Housing Development Fund Company Inc?
Matthew Janeczko is the Chairperson of Markham Gardens Manor Housing Development Fund Company Inc. The CEO's salary of Markham Gardens Manor Housing Development Fund Company Inc is $0 and their total compensation is $0.
What is the revenue of Markham Gardens Manor Housing Development Fund Company Inc?
Markham Gardens Manor Housing Development Fund Company Inc's revenue in 2022 was $1,082,039.
Who are the executives of Markham Gardens Manor Housing Development Fund Company Inc and what are their salaries?
Here are 10 key members and their salaries (Markham Gardens Manor Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Markham Gardens Manor Housing Development Fund Company Inc?
Markham Gardens Manor Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Markham Gardens Manor Housing Development Fund Company Inc
Markham Gardens Manor Housing Development Fund Company Inc, as a nonprofit organization, is committed to providing housing and related services to the elderly community on a not-for-profit basis. Their mission is to ensure that the poor elderly have access to suitable living accommodations, which they achieve by owning and managing a Section 202 HUD-financed multifamily housing project. This project, consisting of 80 units, serves as a safe and comfortable living space for the elderly, offering them a place to call home. The organization's mission is rooted in the belief that every individual deserves a dignified living environment, regardless of their economic circumstances. By providing affordable housing, Markham Gardens Manor Housing Development Fund Company Inc is contributing to the well-being and independence of the elderly, enabling them to age with dignity and security.
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Impact
October, 2024
Markham Gardens Manor Housing Development Fund Company Inc plays a vital role in addressing the housing needs of the elderly community in Staten Island, NY. By owning and operating a HUD-financed multifamily project, the organization ensures that 80 units are available specifically for low-income elderly residents.
This initiative not only provides safe and affordable housing, but it also improves the quality of life for its residents by offering supportive services tailored to their unique needs. Through its mission, Markham Gardens Manor fosters a sense of community and belonging, enabling elderly individuals to maintain their independence in a secure environment. The impact of this organization extends beyond mere housing; it contributes to the overall well-being and dignity of some of the most vulnerable members of society.
This information is meant to be a general summary of Markham Gardens Manor 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.
- Investment Income: $9,542
- Program Service Revenue: $1,070,492
- Gross Receipts: $1,082,039
Assets and Liabilities:
- Total Assets: $14,460,548
- Total Liabilities: $5,070,929
- Net Assets: $9,389,619
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$807,156
TENANT RENT PAYMENTS
Revenue
$262,814
COVID-19 SUPPLEMENTAL
Revenue
$522
Organization Details
Founding Year
2011
Phone
(718) 477-6803Principal Officer
Matthew Janeczko
Main Address
150 BRIELLE AVE, STATEN ISLAND, NY, 103146424
NTEE Category
Code: L21 - Housing
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