Overview
What is Frederick Douglass Housing Development Fund Corporation?
The Frederick Douglass Housing Development Fund Corporation is a nonprofit organization situated in Rochester, New York, specifically at 615 Clarissa Street. Their primary mission is to provide affordable housing for elderly individuals with low income. They accomplish this by managing a 50-unit housing complex, serving as a vital resource for this community segment. With a small workforce of five dedicated individuals, the organization operates on a non-profit basis, ensuring that senior living remains accessible and affordable.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Frederick Douglass Housing Development Fund Corporation has received a solid Three-Star rating from Charity Navigator, indicating a generally favorable review of its operational effectiveness. The organization boasts a high level of accountability and finance, reflected in its 79% score, and demonstrates strong governance practices with 88% of its board members being independent.
Strengths highlighted in the evaluation include a comprehensive audit and oversight committee that scored full marks, as well as well-established policies regarding conflicts of interest and whistleblower protection. The organization maintains an impressive program expense ratio of 82.18%, suggesting that a significant portion of its funding is directed towards its mission-oriented activities.
However, while the overall rating is commendable, potential donors might consider that there is always room for improvement in organizational transparency and financial practices. The charity's performance indicates a commitment to accountability, but ongoing efforts to enhance its impact could further boost its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Frederick Douglass Housing Development Fund Corporation legitimate?
Frederick Douglass Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frederick Douglass 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: $109,737
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,694
For more financial information, click here
What is the mission statement of Frederick Douglass Housing Development Fund Corporation?
The Frederick Douglass Housing Development Fund Corporation is dedicated to serving seniors of low income, operating on a non-profit basis. Their primary mission is to provide affordable housing solutions. Specifically, they operate a 50-unit housing complex, but the focus remains on providing housing services for the elderly with limited financial means. This organization strives to enhance the living conditions for this demographic, ensuring they have access to suitable and affordable housing options.
Who is the CEO of Frederick Douglass Housing Development Fund Corporation?
Rev Errol Hunt is the President of Frederick Douglass Housing Development Fund Corporation.
What is the revenue of Frederick Douglass Housing Development Fund Corporation?
Frederick Douglass Housing Development Fund Corporation's revenue in 2022 was $522,030.
Who are the executives of Frederick Douglass Housing Development Fund Corporation and what are their salaries?
The average compensation at Frederick Douglass Housing Development Fund Corporation during 2022 was $35,086. There are 5 employees and 8 volunteers at Frederick Douglass Housing Development Fund Corporation.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $20,000
- Other: $0
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- Compensation: $26,295
- Related: $20,900
- Other: $0
- Compensation: $69,413
- Related: $0
- Other: $17,184
Where can I find the form 990 for Frederick Douglass Housing Development Fund Corporation?
Frederick Douglass Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Frederick Douglass Housing Development Fund Corporation
The Frederick Douglass Housing Development Fund Corporation is a non-profit organization with a mission to provide affordable housing for elderly individuals of low income. Its primary objective is to operate housing and related services for this specific demographic, operating on a non-profit basis. The corporation's exclusive purpose is to cater to the housing needs of these seniors, ensuring they have a place to call home without the financial burden often associated with housing. This mission is instrumental in improving the living standards and quality of life for this vulnerable population, enabling them to age with dignity and security.
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Impact
July, 2024
Frederick Douglass Housing Development Fund Corporation's impact is centered on providing affordable housing for low-income elderly individuals in Rochester, New York. Through its operation of a 50-unit housing complex at 615 Clarissa Street, the organization offers a vital service to seniors facing financial challenges. By focusing on this demographic and providing essential housing services, Frederick Douglass HDFC contributes to the well-being and quality of life of low-income seniors in the community.
This information is meant to be a general summary of Frederick Douglass 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: -$9,728
- Program Service Revenue: $531,758
- Gross Receipts: $531,996
Assets and Liabilities:
- Total Assets: $1,774,352
- Total Liabilities: $3,670,241
- Net Assets: -$1,895,889
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD Tenant Assistance
Revenue
$349,679
Tenant Rental Charges
Revenue
$168,799
Cable Income
Revenue
$11,540
Laundry And Vending
Revenue
$1,740
Organization Details
Founding Year
1998
Phone
(585) 546-4701Principal Officer
Rev Errol Hunt
Main Address
615 Clarissa Street, Rochester, NY, 14608
NTEE Category
Code: L21 - Housing
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