Overview
What is Castor Housing Development Corporation?
Castor Housing Development Corporation is a nonprofit organization based in Philadelphia, Pennsylvania. Established with a mission to cater to the needs of disabled individuals, the organization aims to provide affordable housing facilities that cater to their physical, social, and psychological requirements. As per the data available, during the year ended June 30, 2022, they successfully provided housing units to ten disabled persons. Their primary activity revolves around acquiring, rehabilitating, constructing, owning, and operating affordable housing projects in Philadelphia. This initiative is designed to offer low-income, safe, and permanent housing solutions for the disabled, as identified by federal, state, or county officials. The organization's work contributes significantly to improving the living conditions and overall well-being of disabled individuals in the Philadelphia community.
Official website here: www.missionfirsthousing.org
What are the reviews and ratings of this charity?
97% rating from Charity Navigator indicates that Castor Housing Development Corporation has achieved a Four-Star out of Four Star rating, showcasing its high level of accountability and financial health. This score is derived from a thorough evaluation of various financial metrics, with the organization excelling in all evaluated categories.
The nonprofit demonstrates strong governance, as evidenced by its majority independent board and comprehensive policy structures, including conflict of interest and whistleblower policies. With no material diversion of assets reported, the organization maintains a robust financial integrity, along with a favorable liabilities to assets ratio of 39.27%. Additionally, a high program expense ratio of 92.67% suggests that a significant portion of its funds is directed toward its charitable activities.
While the data reflects the organization’s strengths in financial stewardship and governance, no limitations or challenges are noted in the available information. This strong performance indicates that Castor Housing Development Corporation is a well-managed entity focused on sustainability and accountability in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Castor Housing Development Corporation legitimate?
Castor Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Castor Housing Development 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: $16,707
For more financial information, click here
Official website here: www.missionfirsthousing.org
What is the mission statement of Castor Housing Development Corporation?
The Castor Housing Development Corporation is organized with a mission to acquire, rehabilitate, construct, own, and operate affordable housing projects. This mission serves to provide safe, affordable, and permanent housing for individuals who are disabled, as identified by federal, state, or county officials. The organization aims to cater to the physical, social, and psychological needs of these individuals. During the year ended on June 30, 2022, the corporation provided 10 housing units to disabled persons.
Official website here: www.missionfirsthousing.org
Who is the CEO of Castor Housing Development Corporation?
Thomas Ak Queenan is the President of Castor Housing Development Corporation.
Official website here: www.missionfirsthousing.org
What is the revenue of Castor Housing Development Corporation?
Castor Housing Development Corporation's revenue in 2022 was $82,321.
Official website here: www.missionfirsthousing.org
Who are the executives of Castor Housing Development Corporation and what are their salaries?
There 5 volunteers at Castor Housing Development Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $215,076
- Other: $20,395
- Compensation: $0
- Related: $197,715
- Other: $20,779
- Compensation: $0
- Related: $185,000
- Other: $20,395
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.missionfirsthousing.org
Where can I find the form 990 for Castor Housing Development Corporation?
Castor Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.missionfirsthousing.org
Learn more at the official website: www.missionfirsthousing.org
Mission Statement of Castor Housing Development Corporation
The Castor Housing Development Corporation, a dedicated non-profit organization, is committed to procuring, refurbishing, constructing, owning, and managing affordable housing projects. Their primary mission is to provide safe, affordable, and permanent housing for disabled individuals, as identified by federal, state, or county officials.
Established with a vision to cater to the unique needs of disabled persons, this organization strives to offer housing facilities and services that address the physical, social, and psychological requirements of its residents. In the year ending June 30, 2022, the Castor Housing Development Corporation successfully provided 10 housing units to disabled persons.
By dedicating its resources to this cause, the Castor Housing Development Corporation aims to make a significant impact on the lives of disabled individuals, offering them a stable living environment that promotes their overall well-being and independence.
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Impact
June, 2024
Castor Housing Development Corporation's impact is significant in providing low-income, safe, affordable, and permanent housing for disabled individuals in Philadelphia. The organization is dedicated to acquiring, rehabilitating, constructing, owning, and operating affordable housing projects to meet the physical, social, and psychological needs of disabled persons identified by federal, state, or county officials. Castor Housing Development Corporation provided 10 housing units to disabled individuals during the year ended 06/30/2022, demonstrating its commitment to improving the lives of the disabled community in Philadelphia.
This information is meant to be a general summary of Castor Housing Development 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: $21
- Program Service Revenue: $82,300
- Gross Receipts: $82,321
Assets and Liabilities:
- Total Assets: $553,370
- Total Liabilities: $181,840
- Net Assets: $371,530
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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
$51,765
RENT REVENUE
Revenue
$25,417
TENANT REIMBURSEMT
Revenue
$5,118
Organization Details
Founding Year
2003
Phone
(215) 557-8484Principal Officer
Thomas Ak Queenan
Main Address
2042-48 ARCH STREET 2ND FLOOR, PHILADELPHIA, PA, 191031412
Website
www.missionfirsthousing.orgNTEE Category
Code: F33 - Mental health
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