Overview
What is Federation Housing Ii Inc?
Federation Housing II Inc. is a not-for-profit organization situated in West Babylon, New York, with an address at 1 Farmingdale Road. Their primary mission is to provide housing opportunities for individuals with psychiatric disabilities, allowing them to live independently in the community. The organization, which became operational in October 2015 and began occupancy in January 2016, accommodates up to six individuals with disabilities. The funding for Federation Housing largely comes from rental fees paid by the HUD and tenants, with the Federation of Organizations serving as the sole member of the organization. The housing program aims to assist these individuals in managing daily living, thereby empowering them to lead more independent lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Federation Housing II Inc has received a strong score of 86%, indicating a solid performance in accountability and finance. The rating reflects a comprehensive assessment focused solely on these aspects, highlighting the organization's commitment to maintaining high standards in governance and financial management.
Notably, the organization boasts a fully independent board and has demonstrated strong practices in several key areas, including having no material diversion of assets and a clear conflict of interest policy. Their liabilities to assets ratio is commendable at 14.65%, which suggests a stable financial position, and they have documented board meeting minutes, reinforcing transparency.
However, there are areas that could be improved, as indicated by their program expense ratio of 63.69%. While this is a decent figure, it shows that a portion of their expenditures may not be directed towards direct programming, which could affect overall impact. Continuous monitoring and improvement in this area may enhance their effectiveness in fulfilling their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Federation Housing Ii Inc legitimate?
Federation Housing Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Federation Housing Ii 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: $1,683
For more financial information, click here
What is the mission statement of Federation Housing Ii Inc?
Federation Housing II Inc., as a not-for-profit organization, is dedicated to providing housing opportunities for individuals with psychiatric disabilities. Established in October 2015, Federation Housing became operational in January 2016. Its primary source of funding is derived from rental fees paid by the U.S. Department of Housing and Urban Development (HUD) and its tenants. The Federation of Organizations serves as the sole member of Federation Housing, contributing to its mission. The organization's primary aim is to offer a housing environment that caters to the unique needs of individuals with psychiatric disabilities, ensuring they have a suitable living space.
Who is the CEO of Federation Housing Ii Inc?
Stephen Mccarthy is the Second Vice President of Federation Housing Ii Inc.
What is the revenue of Federation Housing Ii Inc?
Federation Housing Ii Inc's revenue in 2022 was $76,090.
Who are the executives of Federation Housing Ii Inc and what are their salaries?
There 3 volunteers at Federation Housing Ii Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $354,070
- Other: $35,168
- Compensation: $0
- Related: $324,253
- Other: $21,089
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $278,064
- Other: $41,688
Where can I find the form 990 for Federation Housing Ii Inc?
Federation Housing Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Federation Housing Ii Inc
Federation Housing II, Inc., a not-for-profit organization, is committed to providing housing opportunities for individuals with psychiatric disabilities. Established in October 2015, the organization became operational in January 2016, offering a sanctuary for those in need. The primary source of funding for Federation Housing comes from rental fees paid by both the U.S. Department of Housing and Urban Development (HUD) and its tenants. The Federation of Organizations serves as the sole member of Federation Housing, demonstrating a collective dedication to supporting those with psychiatric disabilities through the provision of suitable housing.
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Impact
August, 2024
Federation Housing II Inc's impact is significant in providing housing opportunities for persons with psychiatric disabilities in Suffolk County, New York. By offering subsidized housing for individuals with mental illness, the program enables up to 6 residents to live independently in the community and learn essential skills for managing daily living. This initiative, operational since October 2015, plays a crucial role in supporting these individuals to lead more fulfilling and empowered lives.
This information is meant to be a general summary of Federation Housing Ii 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: $391
- Program Service Revenue: $12,792
- Gross Receipts: $76,090
Assets and Liabilities:
- Total Assets: $925,138
- Total Liabilities: $135,595
- Net Assets: $789,543
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$12,792
Organization Details
Founding Year
2010
Phone
(631) 669-5355Principal Officer
Stephen Mccarthy
Main Address
1 FARMINGDALE ROAD, WEST BABYLON, NY, 11704
NTEE Category
Code: L21 - Housing
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