Overview
What is Vip College Avenue Housing Development Fund Corporation?
Vip College Avenue Housing Development Fund Corporation is a nonprofit organization situated in the Bronx, New York, specifically at 770 East 176 Street. Their primary mission is to offer affordable housing solutions to low-income residents within the South Bronx area. By providing clean and reasonably priced housing, they aim to contribute positively to the community, ensuring that everyone has access to a decent living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Vip College Avenue Housing Development Fund Corporation has earned a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. With a score of 79%, the organization demonstrates effective management and transparency, particularly with its governance structure, which comprises 100% independent board members. The charity has established strong oversight practices, including a fully functioning audit and oversight committee.
The organization has shown commendable financial practices, evidenced by a program expense ratio of 79.83%, reflecting its commitment to directing funds towards its core mission. Additionally, the presence of comprehensive policies such as conflict of interest, whistleblower protections, and document retention indicates a robust ethical framework. These features contribute to the trustworthiness and reliability of the nonprofit.
However, while the organization has achieved a good overall score, potential donors and stakeholders may want to investigate further into specific program impacts and outcomes, which are not detailed in the financial metrics provided. Nevertheless, the strong governance practices and high program expense ratio suggest that Vip College Avenue Housing Development Fund Corporation is a responsible and effective entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Vip College Avenue Housing Development Fund Corporation legitimate?
Vip College Avenue Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vip College Avenue 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: $0
For more financial information, click here
What is the mission statement of Vip College Avenue Housing Development Fund Corporation?
The Vip College Avenue Housing Development Fund Corporation is dedicated to providing an essential service in the mission to offer affordable housing. Located in an unspecified area, their primary objective is to cater to low-income residents, ensuring they have access to clean and reasonably priced accommodations. This non-profit organization is committed to improving livelihoods by addressing one of the most pressing needs in many communities - affordable housing. In line with their mission, they work tirelessly to make housing more accessible, promoting social equity and enhancing the quality of life for those in need.
Who is the CEO of Vip College Avenue Housing Development Fund Corporation?
Debbian Fletcher-Blake is the Director of Vip College Avenue Housing Development Fund Corporation. The CEO's salary of Vip College Avenue Housing Development Fund Corporation is $0 and their total compensation is $376,981.
What is the revenue of Vip College Avenue Housing Development Fund Corporation?
Vip College Avenue Housing Development Fund Corporation's revenue in 2022 was $932,384.
Who are the executives of Vip College Avenue Housing Development Fund Corporation and what are their salaries?
There 6 volunteers at Vip College Avenue Housing Development Fund Corporation.
Here are 8 key members and their salaries (Vip College Avenue Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $376,981):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $345,130
- Other: $31,851
- Compensation: $0
- Related: $237,804
- Other: $27,026
Where can I find the form 990 for Vip College Avenue Housing Development Fund Corporation?
Vip College Avenue Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vip College Avenue Housing Development Fund Corporation
Vip College Avenue Housing Development Fund Corporation, a nonprofit organization, is dedicated to providing affordable housing solutions in an unspecified location. Its mission is centered around supplying clean and reasonably priced living spaces to individuals with low income, with a particular focus on the South Bronx, New York. This organization strives to make a positive impact on the community by ensuring that everyone has access to decent housing, thereby contributing to a more equitable society.
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Impact
October, 2024
Vip College Avenue Housing Development Fund Corporation significantly contributes to improving the quality of life for low-income residents in the South Bronx, New York. By focusing on providing clean and affordable housing, the organization addresses the critical need for safe living conditions in an area where access to affordable housing can be severely limited.
Through its efforts, the organization not only alleviates housing insecurity but also fosters community stability and growth. By ensuring that families have access to quality housing, the Fund Corporation helps create a foundation for better health outcomes, educational opportunities, and economic development within the community. Furthermore, the emphasis on affordable housing aids in reducing homelessness and the negative ripple effects associated with it, contributing to a more equitable urban environment in the South Bronx.
This information is meant to be a general summary of Vip College Avenue 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: $55
- Program Service Revenue: $931,227
- Gross Receipts: $932,384
Assets and Liabilities:
- Total Assets: $8,096,287
- Total Liabilities: $9,662,846
- Net Assets: -$1,566,559
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$931,227
Organization Details
Founding Year
2003
Phone
(718) 583-5150Principal Officer
Debbian Fletcher-Blake
Main Address
770 EAST 176 ST, BRONX, NY, 10460
NTEE Category
Code: L21 - Housing
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