Overview
What is The Joint Ownership Entity New York City Corp?
The Joint Ownership Entity New York City Corp, situated in New York City, is a nonprofit organization primarily focused on strengthening its member organizations' capacities to develop, maintain, and manage affordable housing. By serving as a platform, it helps maintain the long-term affordability of existing and future affordable housing units, ensuring they align with the needs and resources of the communities served. This is achieved through various housing development and management projects. Additionally, the entity is engaged in real estate asset management, monitoring income and expenses of its real estate portfolio to identify potential cost-saving measures. The entity also has the capability to transfer ownership interests of properties owned by community development corporations and acquire properties through real estate acquisitions, contributing to the expansion of their affordable housing portfolio. With a workforce of around 5 employees, The Joint Ownership Entity New York City Corp is committed to supporting its community-based member organizations.
Official website here: www.joenyc.org
Is The Joint Ownership Entity New York City Corp legitimate?
The Joint Ownership Entity New York City Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Joint Ownership Entity New York City Corp 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: $192,962
Professional Fundraising Fees: $0
Other Salaries and Wages: $188,455
For more financial information, click here
Official website here: www.joenyc.org
What is the mission statement of The Joint Ownership Entity New York City Corp?
The Joint Ownership Entity, often referred to as JOE NYC, is dedicated to strengthening its member organizations' capabilities in developing, maintaining, and managing affordable housing. Its primary goal is to ensure the long-term affordability of existing and future affordable housing units. This Mission aligns with the needs and resources of the communities served by these organizations, focusing on providing essential resident services and support. JOE NYC serves as a vehicle to uphold the long-term affordability of housing, thereby supporting the missions of its community-based member organizations.
Official website here: www.joenyc.org
Who is the CEO of The Joint Ownership Entity New York City Corp?
Stanley Celius is the Vice Chair of The Joint Ownership Entity New York City Corp.
Official website here: www.joenyc.org
What is the revenue of The Joint Ownership Entity New York City Corp?
The Joint Ownership Entity New York City Corp's revenue in 2022 was $246,635.
Official website here: www.joenyc.org
Who are the executives of The Joint Ownership Entity New York City Corp and what are their salaries?
The average compensation at The Joint Ownership Entity New York City Corp during 2022 was $76,283. There are 5 employees and 11 volunteers at The Joint Ownership Entity New York City Corp.
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- Compensation: $168,673
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Official website here: www.joenyc.org
Where can I find the form 990 for The Joint Ownership Entity New York City Corp?
The Joint Ownership Entity New York City Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.joenyc.org
Learn more at the official website: www.joenyc.org
Mission Statement of The Joint Ownership Entity New York City Corp
The Joint Ownership Entity New York City Corp, in its mission, aims to fortify its member organizations' capabilities in developing, maintaining, and managing affordable housing. By serving as a platform, JOE NYC seeks to ensure the prolonged affordability of present and upcoming affordable housing units. This mission aligns with the organizations' roles as community-centric entities, enabling them to tailor their housing development and management tasks according to their served communities' needs and resources. Moreover, JOE NYC places a strong emphasis on resident services and support, integrating these aspects into its housing development and management activities.
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Impact
October, 2024
The Joint Ownership Entity New York City Corp (JOE NYC) significantly impacts the affordable housing landscape in New York City by empowering community-based organizations to enhance their capacity for developing, maintaining, and managing affordable housing. By serving as a collaborative vehicle, JOE NYC ensures long-term affordability of both existing and future housing units, aligning housing development with community needs and resources.
JOE NYC focuses on real estate asset management, which includes monitoring income and expenses across its real estate portfolio and identifying ways to reduce expenses. This strategic oversight helps maximize the financial sustainability of affordable housing projects. Additionally, JOE NYC actively participates in real estate portfolio development, facilitating the transfer of ownership interests in properties owned by community development corporations and acquiring new properties for development. This approach not only expands the reach of affordable housing but also strengthens the overall housing network by creating more resources for community support and resident services.
In essence, JOE NYC plays a pivotal role in ensuring that affordable housing remains a viable option for New Yorkers, responding effectively to the evolving needs of the communities it serves while fostering collaborative efforts among various stakeholders.
This information is meant to be a general summary of The Joint Ownership Entity New York City Corp. 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: $4,434
- Program Service Revenue: $164,135
- Gross Receipts: $246,635
Assets and Liabilities:
- Total Assets: $5,675,989
- Total Liabilities: $2,571,059
- Net Assets: $3,104,930
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$164,135
Organization Details
Founding Year
2015
Phone
(646) 768-4100Principal Officer
Stanley Celius
Main Address
588 BROADWAY 1208, NEW YORK, NY, 10012
Website
www.joenyc.orgNTEE Category
Code: L80 - Housing
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