Overview
What is Graduate Center Foundation Housing Corporation Lic?
The Graduate Center Foundation Housing Corporation Lic is a tax-exempt nonprofit organization, headquartered in New York City. Its primary mission is to support and facilitate the educational goals of graduate students enrolled at The Graduate School and University Center, CUNY, by providing affordable housing for these students and their families during their studies. Established with the purpose of fostering success, the organization owns vacant property in Long Island City. Currently, the corporation is in the process of abandoning efforts to build a residence on a specific land due to a request from CUNY.
Official website here: www.gc.cuny.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36% (Zero-Star out of Four Star rating)
The Graduate Center Foundation Housing Corporation Lic has received a low score of 36%, indicating significant concerns regarding its financial accountability and transparency. While it has achieved full points for the independence and size of its board and shows no material diversion of assets, it critically lacks essential policies that support ethical governance, such as a conflict of interest policy and a whistleblower policy.
Additionally, the organization has reported a concerning program expense ratio of 0.00%, which raises flags about its commitment to its charitable mission. The liabilities to assets ratio stands at 78.34%, suggesting potential financial instability. Although meeting minutes are documented, the absence of posted tax forms on its website further undermines its transparency efforts.
Overall, while the Graduate Center Foundation Housing Corporation demonstrates some strengths in board independence, its lack of financial management and governance policies presents significant limitations. Stakeholders may want to consider these factors when evaluating the charity's effectiveness and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Graduate Center Foundation Housing Corporation Lic legitimate?
Graduate Center Foundation Housing Corporation Lic is a legitimate nonprofit organization registered as a 501(c)(3) entity. Graduate Center Foundation Housing Corporation Lic 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
Official website here: www.gc.cuny.edu
What is the mission statement of Graduate Center Foundation Housing Corporation Lic?
The Graduate Center Foundation Housing Corporation Lic was established with the goal of supporting and facilitating the academic achievements of students enrolled at the Graduate School and University Center, CUNY. This is achieved by providing affordable housing for these students and their families during their studies. Initially, the organization aimed to build a residence on vacant property, but as the educational sponsor for student housing, CUNY requested that they abandon this plan and sell the land. Currently, the Graduate Center Foundation Housing Corporation Lic, being a tax-exempt organization, is in the process of complying with this request.
Official website here: www.gc.cuny.edu
Who is the CEO of Graduate Center Foundation Housing Corporation Lic?
Brian A Peterson is the President/Treasurer of Graduate Center Foundation Housing Corporation Lic.
Official website here: www.gc.cuny.edu
What is the revenue of Graduate Center Foundation Housing Corporation Lic?
Graduate Center Foundation Housing Corporation Lic's revenue in 2022 was -$529.
Official website here: www.gc.cuny.edu
Who are the executives of Graduate Center Foundation Housing Corporation Lic and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $271,158
- Other: $49,283
Official website here: www.gc.cuny.edu
Where can I find the form 990 for Graduate Center Foundation Housing Corporation Lic?
Graduate Center Foundation Housing Corporation Lic's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gc.cuny.edu
Learn more at the official website: www.gc.cuny.edu
Mission Statement of Graduate Center Foundation Housing Corporation Lic
The Graduate Center Foundation Housing Corporation Lic was established with a mission to support and facilitate the educational achievements of students enrolled at The Graduate School and University Center, CUNY. This nonprofit organization aims to accomplish this goal by providing affordable housing for these students and their families, enabling them to focus on their studies without the financial burden of high housing costs. The Graduate Center Foundation Housing Corporation Lic, being a tax-exempt organization, currently owns vacant property, underscoring its commitment to this cause. However, in response to a request from CUNY, the educational sponsor for student housing, the Graduate Center Foundation Housing Corporation Lic is in the process of abandoning attempts to build a residence and selling the land. This decision is likely driven by the desire to allocate resources differently or to address changing needs in the student housing market. Despite this, the organization's primary mission remains to foster the educational success of graduate students by providing affordable housing options.
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Impact
October, 2024
The Graduate Center Foundation Housing Corporation Lic significantly impacts graduate students at the Graduate School and University Center, CUNY, by facilitating affordable housing options tailored for their specific needs. This initiative aims to support students and their families as they pursue their educational goals, alleviating some of the financial burdens associated with housing during their studies.
By contributing to the availability of affordable housing in a densely populated area, the Corporation addresses a pressing need among graduate students. The absence of affordable accommodations can deter potential students from enrolling or hinder current students' ability to complete their academic programs. The Corporation's efforts directly enhance the educational experience by allowing students to focus on their studies without the constant concern of finding adequate housing.
Despite recent changes in strategy, including the decision to potentially sell land rather than build new residences, the mission remains focused on meeting the housing needs of graduate students in New York City. This shift reflects an ongoing commitment to adapt to the ever-changing landscape of higher education and student support, ensuring that the foundational goal of fostering educational success remains intact. Overall, the Graduate Center Foundation Housing Corporation Lic plays a crucial role in enabling students to thrive academically by addressing one of their most significant challenges—affordable housing.
This information is meant to be a general summary of Graduate Center Foundation Housing Corporation Lic. 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: -$529
- Gross Receipts: $3,606
Assets and Liabilities:
- Total Assets: $29,548,229
- Total Liabilities: $8,559,354
- Net Assets: $20,988,875
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Organization Details
Founding Year
2012
Phone
(212) 817-7660Principal Officer
Brian A Peterson
Main Address
365 FIFTH AVENUE 8TH FLOOR, NEW YORK, NY, 10016
Website
www.gc.cuny.eduNTEE Category
Code: B90 - Education
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