Overview
What is Gouverneur Court Housing Development Fund Corporation?
Gouverneur Court Housing Development Fund Corporation is a nonprofit organization located in Suite 1326, 17 Battery Place, New York, NY 10004. Their primary mission is to manage and operate a 123-unit housing facility, providing affordable residences for low-income adults and individuals with psychiatric disabilities. By operating this low-income rental housing project in Manhattan, New York, the corporation aims to contribute to the community and support those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 64%)
Gouverneur Court Housing Development Fund Corporation has received a Two-Star rating with an overall score of 64%, indicating a need for improvement in certain areas. The organization has a solid program expense ratio of 89.09%, suggesting that it allocates a significant portion of its resources directly to its mission. However, the absence of independent board members raises concerns about governance and oversight, as it scored 0% in this category.
On the accountability and finance front, the organization benefits from a strong audit and oversight committee, scoring full points in that area. However, it falls short in transparency, as it has not provided its financial statements on its website, resulting in a score of 0 out of 4 points for this criterion. This lack of accessible information may hinder the public's ability to fully understand the organization’s financial health.
Additionally, the organization's liabilities to assets ratio stands at an unfavorable 135.21%, indicating potential financial strain. While there are positive elements such as listed conflict of interest and whistleblower policies, the overall lack of independent oversight and transparency issues are significant limitations that need addressing for better public trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Gouverneur Court Housing Development Fund Corporation legitimate?
Gouverneur Court Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gouverneur Court 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 Gouverneur Court Housing Development Fund Corporation?
The Gouverneur Court Housing Development Fund Corporation's mission is centered around operating a residential project, specifically a low-income housing facility. This project is designed to provide shelter for adults and adults with psychiatric disabilities. The corporation's primary goal is to manage and operate this 123-unit housing facility effectively, ensuring it serves its intended population. The organization's activities primarily revolve around maintaining and managing this affordable housing facility, providing a safe and supportive living environment for its residents.
Who is the CEO of Gouverneur Court Housing Development Fund Corporation?
Carolyn Hedigan is the President of Gouverneur Court Housing Development Fund Corporation.
What is the revenue of Gouverneur Court Housing Development Fund Corporation?
Gouverneur Court Housing Development Fund Corporation's revenue in 2022 was $1,308,946.
Who are the executives of Gouverneur Court Housing Development Fund Corporation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $227,542
- Other: $18,403
- Compensation: $0
- Related: $158,467
- Other: $21,222
Where can I find the form 990 for Gouverneur Court Housing Development Fund Corporation?
Gouverneur Court Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gouverneur Court Housing Development Fund Corporation
Gouverneur Court Housing Development Fund Corporation is dedicated to managing a low-income rental housing project. Their mission involves operating a 123-unit building that provides affordable housing for adults and individuals with psychiatric disabilities, situated in New York City's Manhattan borough. The organization takes pride in operating this housing facility, ensuring that it meets the needs of its low-income residents. By managing this project, Gouverneur Court Housing Development Fund Corporation contributes to the local community by offering affordable housing options to those who require it.
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Impact
July, 2024
Gouverneur Court Housing Development Fund Corporation's impact lies in providing crucial housing support to low-income adults and adults with psychiatric disabilities in Manhattan, New York. Through its 123-unit housing facility, the organization offers affordable living options, fostering stability and a sense of security for vulnerable populations in the city. Their mission to operate a low-income rental housing project directly addresses the pressing need for accessible housing in a high-cost urban area like Manhattan, ensuring that marginalized individuals have a place to call home.
This information is meant to be a general summary of Gouverneur Court 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.
- Program Service Revenue: $1,223,298
- Gross Receipts: $1,308,946
Assets and Liabilities:
- Total Assets: $6,812,360
- Total Liabilities: $9,232,563
- Net Assets: -$2,420,203
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,223,298
Organization Details
Founding Year
2012
Phone
(212) 780-1400Principal Officer
Carolyn Hedigan
Main Address
17 Battery Place Suite 1326, NEW YORK, NY, 10004
NTEE Category
Code: L21 - Housing
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