Overview
What is Antioch Homes Housing Development Fund Corp?
Antioch Homes Housing Development Fund Corp is a nonprofit organization situated in Bedford Hills, New York. Their primary mission is to develop and manage twelve affordable rental housing units within the town of Bedford. This initiative aims to provide affordable living solutions, contributing positively to the local community. The organization's focus on housing reflects its commitment to making homes accessible to a broader population, ultimately promoting social equality and stability.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star Rating. This score reflects limited performance in the Accountability & Finance category, which is the sole factor contributing to its overall rating. The charity demonstrates strengths such as having a fully independent board and no material diversion of assets, which are positive indicators of governance.
However, the organization has significant weaknesses that impact its score. Notably, it lacks essential policies such as a whistleblower policy and a document retention and destruction policy, both of which are critical for transparency and accountability. Additionally, the program expense ratio is relatively low at 51.88%, suggesting that a higher percentage of funds may not be directed towards its programs.
In summary, while Antioch Homes Housing Development Fund Corp shows commendable governance features, it falls short in key areas that typically enhance trust and credibility. Potential donors may want to consider these factors when evaluating the organization's overall effectiveness and commitment to responsible management.
This AI summary has been generated from information found on Charity Navigator.
Is Antioch Homes Housing Development Fund Corp legitimate?
Antioch Homes Housing Development Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Antioch Homes Housing Development Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Antioch Homes Housing Development Fund Corp?
Antioch Homes Housing Development Fund Corp's primary mission involves the development and management of affordable rental housing units. Specifically, they focus on providing twelve such units in an unspecified location. This organization's mission aims to contribute to the housing needs of individuals or families who may not have access to affordable housing options. By managing these units, they aim to make a positive impact on the community by providing a vital service.
Who is the CEO of Antioch Homes Housing Development Fund Corp?
Marion Blount is the Vice Preside of Antioch Homes Housing Development Fund Corp.
What is the revenue of Antioch Homes Housing Development Fund Corp?
Antioch Homes Housing Development Fund Corp's revenue in 2021 was $150,953.
Who are the executives of Antioch Homes Housing Development Fund Corp and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Antioch Homes Housing Development Fund Corp?
Antioch Homes Housing Development Fund Corp's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Antioch Homes Housing Development Fund Corp
Antioch Homes Housing Development Fund Corp is dedicated to the development and management of affordable rental housing units. Specifically, this organization has taken on the task of managing twelve such units in an unspecified location. By providing affordable housing, Antioch Homes is contributing to the overall well-being of its community, making it possible for individuals and families to secure a stable living situation. This mission is crucial in ensuring that housing is not a barrier to achieving other life goals, such as education, employment, and personal growth. By developing and managing these units, Antioch Homes is playing an active role in addressing housing affordability, a pressing issue in many communities.
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Impact
October, 2024
Antioch Homes Housing Development Fund Corp significantly impacts the community by developing and managing twelve affordable rental housing units in Bedford, New York. This initiative addresses the critical need for affordable housing in the area, providing residents with access to quality living spaces that are economically sustainable. By increasing the availability of affordable rentals, the organization helps create a more inclusive community, supports local families, and fosters stability for those seeking housing options within the town. The project enhances the overall housing landscape, ensuring that individuals and families have a place to call home.
This information is meant to be a general summary of Antioch Homes Housing Development Fund 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 2021.
- Investment Income: $209
- Program Service Revenue: $150,744
- Gross Receipts: $150,953
Assets and Liabilities:
- Total Assets: $2,632,136
- Total Liabilities: $865,827
- Net Assets: $1,766,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$150,744
Organization Details
Phone
(914) 419-1884Principal Officer
Marion Blount
Main Address
3 CHURCH STREET, BEDFORD HILLS, NY, 10507
NTEE Category
Code: L20 - Housing
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