Overview
What is 4-12 Gouverneur Place Housing Development Fund Corporation?
4-12 Gouverneur Place Housing Development Fund Corporation is a nonprofit organization, situated in Bronx, New York. Their primary mission is to provide affordable housing accommodations for individuals and families of low income, including those diagnosed with serious mental illness. They are currently working on a project at 4-12 Gouverneur Place, which will consist of 50 units, including studio apartments for low-income individuals with mental health issues and family apartments for low-income families. The organization's activities involve facilitating the development and acquisition of housing projects that cater to the needs of low-income individuals and families.
Official website here: www.westhab.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Star rating (66%)
The 4-12 Gouverneur Place Housing Development Fund Corporation has received a two-star rating from Charity Navigator, indicating that the organization faces several challenges in its accountability and financial management practices. With a score of 66%, it demonstrates some strengths but also significant areas needing improvement, particularly in board independence and financial ratios.
One of the notable strengths of this nonprofit is its program expense ratio, which stands at an impressive 100%. This indicates that all of its financial resources are directed towards its programs, showing a commitment to its mission. Additionally, the organization has established various governance policies, including conflict of interest and whistleblower policies, which are listed on its website. However, the lack of independent board members raises concerns about the oversight and objectivity of its governance.
On the downside, the nonprofit's liabilities to assets ratio is a concerning 73.98%, suggesting potential financial instability. Moreover, it has been noted that the tax form is missing from the nonprofit's website, which could hinder transparency. Overall, while the organization shows dedication to its programs, these financial management issues and governance structure highlight a need for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is 4-12 Gouverneur Place Housing Development Fund Corporation legitimate?
4-12 Gouverneur Place Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 4-12 Gouverneur Place Housing Development Fund 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.westhab.org
What is the mission statement of 4-12 Gouverneur Place Housing Development Fund Corporation?
The 4-12 Gouverneur Place Housing Development Fund Corporation is established with the primary objective of facilitating the development of a housing project. This project is intended for individuals and families of low income, with a focus on providing homes for those with serious mental illness and low-income families. The organization acquires, develops, and manages housing projects, with the intended property at 4-12 Gouverneur Place, Bronx, New York, slated for a housing project featuring studio apartments for low-income individuals with mental illness and family apartments for low-income families. The mission of the corporation is solely dedicated to providing affordable housing accommodations for those in need.
Official website here: www.westhab.org
Who is the CEO of 4-12 Gouverneur Place Housing Development Fund Corporation?
Richard Nightingale is the President/Ceo of 4-12 Gouverneur Place Housing Development Fund Corporation. The CEO's salary of 4-12 Gouverneur Place Housing Development Fund Corporation is $0 and their total compensation is $453,048.
Official website here: www.westhab.org
What is the revenue of 4-12 Gouverneur Place Housing Development Fund Corporation?
4-12 Gouverneur Place Housing Development Fund Corporation's revenue in 2022 was $755,809.
Official website here: www.westhab.org
Who are the executives of 4-12 Gouverneur Place Housing Development Fund Corporation and what are their salaries?
Here are 3 key members and their salaries (4-12 Gouverneur Place Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $453,048):
- Compensation: $0
- Related: $407,733
- Other: $45,315
- Compensation: $0
- Related: $278,420
- Other: $43,454
- Compensation: $0
- Related: $264,439
- Other: $42,476
Official website here: www.westhab.org
Where can I find the form 990 for 4-12 Gouverneur Place Housing Development Fund Corporation?
4-12 Gouverneur Place Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.westhab.org
Learn more at the official website: www.westhab.org
Mission Statement of 4-12 Gouverneur Place Housing Development Fund Corporation
The 4-12 Gouverneur Place Housing Development Fund Corporation is established with a singular purpose: to facilitate and enable the development of a 50-unit housing project that caters to both individuals with serious mental illness and low-income families. This organization is dedicated to providing affordable housing accommodations, as defined by the Private Housing Finance Law. Its mission involves acquiring, developing, and managing housing projects primarily for individuals and families falling under the low-income category. Specifically, the organization aims to construct a housing project at 4-12 Gouverneur Place, Bronx, New York, which will include studio apartments for individuals with serious mental illness and family apartments for low-income families. The ultimate goal of the 4-12 Gouverneur Place Housing Development Fund Corporation is to offer a safe and supportive living environment for those in need, thereby contributing to their overall well-being and improving their quality of life.
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Impact
October, 2024
The 4-12 Gouverneur Place Housing Development Fund Corporation plays a crucial role in addressing the housing needs of low-income individuals and families in the Bronx. By enabling and facilitating the development of a 50-unit affordable housing project focused on mental health, this initiative directly impacts the local community by providing stable accommodations for those in need.
The project includes studio apartments for individuals diagnosed with serious mental illnesses, catering specifically to a vulnerable population that often faces significant housing challenges. Additionally, family apartments will support low-income families, helping them secure a safe and affordable living environment.
Through its financing efforts, the corporation ensures the acquisition and development of these essential housing accommodations, thereby contributing to the overall well-being of the community. This initiative not only enhances access to affordable housing but also promotes mental health awareness and support, ultimately fostering a more inclusive and stable community in the Bronx.
This information is meant to be a general summary of 4-12 Gouverneur Place Housing Development Fund 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 2022.
- Investment Income: $29,429
- Gross Receipts: $755,809
Assets and Liabilities:
- Total Assets: $11,997,349
- Total Liabilities: $8,875,874
- Net Assets: $3,121,475
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Organization Details
Founding Year
2010
Phone
(914) 345-2800Principal Officer
Richard Nightingale
Main Address
8 Bashford Street, Yonkers, NY, 10701
Website
www.westhab.orgNTEE Category
Code: L24 - Housing
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