Overview
What is 314 Hudson Street Corporation?
314 Hudson Street Corporation is a nonprofit organization situated in Syracuse, New York, with a focus on providing subsidized and low-income housing specifically for individuals and families dealing with developmental disabilities. Their mission is to operate community residential facilities and services that promote the well-being, security, happiness, and productivity of these individuals, in line with Section 811 of the National Affordable Housing Act. The organization's activities primarily revolve around offering housing solutions for this particular group of individuals, aiming to enhance their overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
314 Hudson Street Corporation has received a strong rating of 80%, reflecting solid performance in accountability and finance, which is crucial for donor confidence. The organization's score is derived entirely from a single beacon score, emphasizing the importance of financial transparency and governance practices.
The nonprofit boasts a fully independent board, with all ten members meeting independence criteria, and demonstrates effective management of potential conflicts of interest. Furthermore, the organization has established robust policies regarding whistleblower protections and document retention, showcasing its commitment to ethical practices and transparency.
However, while the organization excels in governance, its program expense ratio of 58.43% indicates that a significant portion of funds may not be directly allocated to program expenses, which could be a concern for some donors. This aspect may warrant further investigation for those interested in the nonprofit's impact relative to its funding allocation.
This AI summary has been generated from information found on Charity Navigator.
Is 314 Hudson Street Corporation legitimate?
314 Hudson Street Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 314 Hudson Street 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: $9,825
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What is the mission statement of 314 Hudson Street Corporation?
The 314 Hudson Street Corporation is dedicated to operating community residential facilities and services, specifically designed to enhance the health, security, happiness, and productivity of individuals and families with developmental disabilities. This mission is in line with the project assisted under Section 811 of the National Affordable Housing Act, with the primary goal of providing subsidized low-income housing for this particular group of individuals.
Who is the CEO of 314 Hudson Street Corporation?
Marion Ervin is the President of 314 Hudson Street Corporation.
What is the revenue of 314 Hudson Street Corporation?
314 Hudson Street Corporation's revenue in 2022 was $79,797.
Who are the executives of 314 Hudson Street Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for 314 Hudson Street Corporation?
314 Hudson Street Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 314 Hudson Street Corporation
314 Hudson Street Corporation, a nonprofit organization, is committed to providing affordable housing for individuals and families living with developmental disabilities. The mission of this corporation is to operate and manage community residential facilities and services specifically designed to enhance the health, safety, happiness, and productivity of these individuals. This is achieved in accordance with Section 811 of the National Affordable Housing Act. By offering subsidized housing, 314 Hudson Street Corporation strives to create an environment that promotes the overall well-being of individuals with developmental disabilities, enabling them to live their lives with dignity and independence.
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Impact
August, 2024
314 Hudson Street Corporation's impact is significant in providing subsidized low-income housing for individuals and families with developmental disabilities in Syracuse, NY. Their mission is to operate community residential facilities and services specifically designed to promote the health, security, happiness, and usefulness of such persons. Through their dedicated efforts, they are ensuring that this vulnerable population has access to safe and affordable housing options tailored to their unique needs. By fulfilling this crucial role, 314 Hudson Street Corporation is making a positive difference in the lives of those they serve, contributing to the overall well-being and quality of life of individuals with developmental disabilities in the community.
This information is meant to be a general summary of 314 Hudson Street 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: $6
- Program Service Revenue: $79,751
- Gross Receipts: $79,797
Assets and Liabilities:
- Total Assets: $461,694
- Total Liabilities: $8,704
- Net Assets: $452,990
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$55,437
RENTAL INCOME
Revenue
$24,314
Organization Details
Founding Year
1976
Phone
(315) 472-5110Principal Officer
Marion Ervin
Main Address
314 HUDSON STREET, SYRACUSE, NY, 13207
NTEE Category
Code: L21 - Housing
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