Overview
What is Positively Third Street Housing Development Fund Corporation?
Positively Third Street Housing Development Fund Corporation is a nonprofit organization based in New York City, specifically at 247 West 37th Street, 9th Floor. Their primary mission is to provide affordable housing and social services to low-income older adults who wish to live independently. The organization operates a project with 53 units situated in New York, NY. As part of JASA's broader network of services for older adults, Positively Third Street Housing Development Fund Co., Inc plays a crucial role in ensuring that the elderly have access to safe and affordable living spaces, along with essential social support services. With a dedicated workforce of one individual, this nonprofit is committed to making a meaningful difference in the lives of its beneficiaries.
Official website here: www.jasa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating.
Positively Third Street Housing Development Fund Corporation has received a solid rating of 85%, indicating a strong performance in accountability and financial management. The organization boasts a 100% independent board, demonstrating a commitment to governance and oversight. The comprehensive policies in place, including conflict of interest and whistleblower policies, further enhance its operational integrity.
The charity excels in its program expense ratio, with an impressive 92.09%, suggesting that a significant portion of its funding directly supports its mission. However, the organization's liabilities to assets ratio stands at 102.79%, which could raise concerns about financial sustainability and stability. While the overall financial health appears commendable, this particular figure may warrant closer scrutiny.
Overall, Positively Third Street Housing Development Fund Corporation shows a strong commitment to transparency and responsible financial practices, as evidenced by its high scores in various governance metrics. However, potential donors should consider the implications of its liabilities in relation to its assets before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Positively Third Street Housing Development Fund Corporation legitimate?
Positively Third Street Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Positively Third Street 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: $45,321
For more financial information, click here
Official website here: www.jasa.org
What is the mission statement of Positively Third Street Housing Development Fund Corporation?
The Positively Third Street Housing Development Fund Corporation, as part of JASA's comprehensive network of services for older adults, is committed to providing affordable housing and social services to low-income older adults who wish to live independently. Through their efforts, they offer a supportive environment that caters to the housing needs and social requirements of this demographic. The corporation operates a project consisting of 53 units located in an unspecified location, providing affordable housing and auxiliary facilities to its residents.
Official website here: www.jasa.org
Who is the CEO of Positively Third Street Housing Development Fund Corporation?
Kathryn Haslanger is the Ceo of Positively Third Street Housing Development Fund Corporation. The CEO's salary of Positively Third Street Housing Development Fund Corporation is $0 and their total compensation is $463,039.
Official website here: www.jasa.org
What is the revenue of Positively Third Street Housing Development Fund Corporation?
Positively Third Street Housing Development Fund Corporation's revenue in 2022 was $854,347.
Official website here: www.jasa.org
Who are the executives of Positively Third Street Housing Development Fund Corporation and what are their salaries?
The average compensation at Positively Third Street Housing Development Fund Corporation during 2022 was $45,321. There is 1 employee and 3 volunteers at Positively Third Street Housing Development Fund Corporation.
Here are 7 key members and their salaries (Positively Third Street Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $463,039):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $293,108
- Other: $30,990
- Compensation: $0
- Related: $420,774
- Other: $42,265
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $301,473
- Other: $56,853
Official website here: www.jasa.org
Where can I find the form 990 for Positively Third Street Housing Development Fund Corporation?
Positively Third Street Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jasa.org
Learn more at the official website: www.jasa.org
Mission Statement of Positively Third Street Housing Development Fund Corporation
Positively Third Street Housing Development Fund Corporation is an organization dedicated to providing affordable housing and social services for low-income older adults living independently. As part of JASA's comprehensive network of services for older adults, this corporation plays a significant role in ensuring the well-being of this vulnerable population. By offering affordable housing and essential social services, Positively Third Street Housing Development Fund Corporation enables older adults to maintain their independence while receiving the support they need. The corporation's project, consisting of 53 units, is a testament to its commitment to making a positive impact on the lives of its residents.
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Impact
October, 2024
Positively Third Street Housing Development Fund Corporation significantly impacts the community by providing affordable housing and essential social services to low-income older adults living independently in New York City. By operating 53 housing units specifically designed for this demographic, it addresses the critical need for accessible living situations that promote independence and dignity among older adults.
In conjunction with JASA's comprehensive network of services, the organization enhances the quality of life for its residents by not only offering safe and affordable housing but also facilitating access to a range of support services. This holistic approach fosters a sense of community and well-being, helping to alleviate the challenges faced by older adults in a rapidly changing urban environment. Through its efforts, Positively Third Street plays a vital role in improving housing stability and overall health for vulnerable populations in New York.
This information is meant to be a general summary of Positively Third Street 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: $68
- Program Service Revenue: $854,279
- Gross Receipts: $854,347
Assets and Liabilities:
- Total Assets: $8,062,085
- Total Liabilities: $8,322,691
- Net Assets: -$260,606
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$854,279
Organization Details
Founding Year
2002
Phone
(212) 273-5200Principal Officer
Kathryn Haslanger
Main Address
247 WEST 37TH STREET 9TH FLOOR, NEW YORK, NY, 10018
Website
www.jasa.orgNTEE Category
Code: L21 - Housing
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