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National Housing Resource Group Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 300105836 ✦ Yonkers, NY ✦ Designated as a 501(c)(3)

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Overview

What is National Housing Resource Group Inc?

National Housing Resource Group Inc, located in Yonkers, New York, is a dedicated nonprofit organization. Its primary mission is to provide residential housing apartments to 98 low-income families or individuals, adhering to the regulations set by the U.S. Government's Housing and Urban Development department. This organization owns and manages low-income residential housing units and actively participates in the development of low-income affordable housing projects. Their work aims to contribute to the provision of affordable housing options for those in need, ensuring compliance with government rules and criteria.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 23%

National Housing Resource Group Inc has received a rating of 23%, resulting in a Zero-Star out of Four Stars designation, which indicates significant concerns regarding its accountability and financial practices. The organization has a majority of independent board members, which is a positive aspect; however, it falls short in other critical governance areas, such as the overall board size and the absence of essential policies regarding conflicts of interest and whistleblower protections.

Several key transparency measures are missing, including the organization's website not being listed on its tax form and a lack of access to its tax documents on its website. Additionally, the program expense ratio is notably low at 41.32%, raising questions about the efficiency of fund allocation towards its intended programs and services.

While the organization demonstrates some strengths, such as the absence of material diversion of assets and well-documented board meeting minutes, its overall governance and transparency practices need significant improvement to enhance trust and accountability among stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is National Housing Resource Group Inc legitimate?

National Housing Resource Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Housing Resource Group 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: $10,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of National Housing Resource Group Inc?

National Housing Resource Group Inc's mission involves managing and owning low-income residential housing units. They are committed to continuing their involvement in the development and facilitation of affordable housing projects. Their primary goal is to provide residential apartments for 98 low-income families or individuals, adhering to the rules, regulations, and criteria set by the U.S. Government's Housing and Urban Development department.

Who is the CEO of National Housing Resource Group Inc?

John Karl is the Secretary of National Housing Resource Group Inc.

What is the revenue of National Housing Resource Group Inc?

National Housing Resource Group Inc's revenue in 2023 was $40,169.

Who are the executives of National Housing Resource Group Inc and what are their salaries?


Here are 3 key members and their salaries:


Howard Sorkin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Karl (President)
  • Compensation: $10,000
  • Related: $0
  • Other: $0
Ron Conti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for National Housing Resource Group Inc?

National Housing Resource Group Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of National Housing Resource Group Inc

National Housing Resource Group Inc, as its mission statement suggests, is committed to owning and managing low-income residential housing units. Beyond this, the organization also participates in the development and facilitation of low-income affordable housing projects. This mission is carried out by providing residential housing apartments to 98 low-income families or individuals, adhering to the rules, regulations, and statutory criteria set by the U.S. Government's Housing and Urban Development department. In essence, National Housing Resource Group Inc plays a significant role in ensuring affordable housing options for those who need it most, thereby contributing to a more equitable and inclusive living environment.

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Impact




August, 2024

National Housing Resource Group Inc plays a crucial role in providing residential housing apartments to 98 low-income families or individuals in Yonkers, NY. By owning and managing low-income residential housing units, the organization ensures that these individuals have access to affordable housing that meets U.S. government Housing and Urban Development rules, regulations, and statutory criteria. Their impact is significant in addressing the housing needs of vulnerable populations and contributing to the development of low-income affordable housing projects.




This information is meant to be a general summary of National Housing Resource Group 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.

Revenue
$40,169 (2023)
Expenses
$11,397 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $40,169
  • Gross Receipts: $40,169

Assets and Liabilities:

  • Total Assets: $1,770,962
  • Total Liabilities: $0
  • Net Assets: $1,770,962

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Organization Details

Founding Year

2002

Principal Officer

John Karl

Main Address

6 EXECUTIVE PLAZA 200, YONKERS, NY, 10701

NTEE Category

Code: L21 - Housing

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