Overview
What is Hudson House Housing Development Fund Company Inc?
Hudson House Housing Development Fund Company Inc is a nonprofit organization dedicated to enhancing the living conditions of elderly and disabled individuals. Operating under Section 202 of the National Housing Act, their primary mission is to provide affordable housing solutions. As of December 31, 2022, they have successfully accommodated 57 residents, demonstrating their commitment to this cause. By offering low-income housing, Hudson House contributes to the welfare of this vulnerable population, ensuring they have safe and comfortable living spaces.
Official website here: www.riverspringliving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Hudson House Housing Development Fund Company Inc has received an 81% score, reflecting its strong accountability and financial practices. This rating indicates a solid level of governance and management, showcasing the organization’s commitment to transparency and responsible financial stewardship. The score is derived entirely from its Accountability & Finance metrics, which highlights its focus on maintaining high standards in these areas.
The organization demonstrates excellent governance, with 100% of its board members being independent. It also scores perfectly in areas such as financial oversight and the implementation of key policies, including conflict of interest and whistleblower policies, ensuring a robust framework for ethical operations. Additionally, the organization effectively allocates a significant portion of its budget to program expenses, with a program expense ratio of 77.69%.
While the score is commendable, it is important for potential donors and supporters to consider that the overall assessment is solely based on financial metrics, with no additional qualitative measures evaluated. Therefore, individuals looking for a more comprehensive view of the organization's impact or program effectiveness may need to seek further information beyond financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Hudson House Housing Development Fund Company Inc legitimate?
Hudson House Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hudson House 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: $155,375
For more financial information, click here
Official website here: www.riverspringliving.org
What is the mission statement of Hudson House Housing Development Fund Company Inc?
Hudson House Housing Development Fund Company Inc's mission is centered around advocating for the well-being of elderly and disabled individuals. Through the implementation of Section 202 of the National Housing Act, they provide low-income housing facilities. As of December 31, 2022, they have successfully accommodated 57 residents within these housing facilities. The company's mission is geared towards enhancing the quality of life for its residents, offering them a secure and affordable living space.
Official website here: www.riverspringliving.org
Who is the CEO of Hudson House Housing Development Fund Company Inc?
Carl Willner is the President, Ceo of Hudson House Housing Development Fund Company Inc. The CEO's salary of Hudson House Housing Development Fund Company Inc is $0 and their total compensation is $1,469,856.
Official website here: www.riverspringliving.org
What is the revenue of Hudson House Housing Development Fund Company Inc?
Hudson House Housing Development Fund Company Inc's revenue in 2022 was $959,058.
Official website here: www.riverspringliving.org
Who are the executives of Hudson House Housing Development Fund Company Inc and what are their salaries?
The average compensation at Hudson House Housing Development Fund Company Inc during 2022 was $31,075. There are 5 employees and 7 volunteers at Hudson House Housing Development Fund Company Inc.
Here are 10 key members and their salaries (Hudson House Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $1,469,856):
- Compensation: $0
- Related: $1,404,604
- Other: $65,252
- Compensation: $0
- Related: $948,837
- Other: $31,969
- Compensation: $0
- Related: $770,664
- Other: $19,816
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.riverspringliving.org
Where can I find the form 990 for Hudson House Housing Development Fund Company Inc?
Hudson House Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.riverspringliving.org
Learn more at the official website: www.riverspringliving.org
Mission Statement of Hudson House Housing Development Fund Company Inc
Hudson House Housing Development Fund Company, a nonprofit organization, is dedicated to enhancing the lives of elderly and disabled individuals by offering affordable housing options. Under the auspices of Section 202 of the National Housing Act, this organization strives to promote the welfare of its residents. As of December 31, 2022, Hudson House Housing Development Fund Company has successfully provided housing facilities to 57 residents, thereby making a significant impact in their lives. By offering low-income housing, this nonprofit organization contributes to the overall well-being and independence of its elderly and disabled residents, enabling them to live with dignity and security.
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Impact
October, 2024
Hudson House Housing Development Fund Company Inc plays a crucial role in supporting the welfare of elderly and disabled individuals by providing accessible low-income housing options. Operating under Section 202 of the National Housing Act, it creates a safe and supportive environment for its residents in Riverdale, NY. As of December 31, 2022, the organization has successfully accommodated 57 residents, ensuring they have a stable place to live that meets their unique needs. This initiative not only addresses the pressing issue of affordable housing but also fosters a community where older adults can thrive with dignity and security. By mitigating the challenges associated with housing insecurity, Hudson House significantly enhances the quality of life for its residents, contributing to their overall well-being and independence.
This information is meant to be a general summary of Hudson House 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: $939,559
- Gross Receipts: $959,058
Assets and Liabilities:
- Total Assets: $8,215,677
- Total Liabilities: $11,033,414
- Net Assets: -$2,817,737
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SENIOR HOUSING
Revenue
$939,559
Organization Details
Founding Year
2010
Phone
(718) 581-1000Principal Officer
Carl Willner
Main Address
5901 Palisade Avenue, Riverdale, NY, 10471
Website
www.riverspringliving.orgNTEE Category
Code: L22 - Housing
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