Overview
What is Housing & Services Inc?
Housing & Services Inc is a nonprofit organization based in New York City, specifically at 243 WEST 30TH STREET 2ND FL. Their primary focus is on providing permanent supportive and affordable housing, aiming to enhance the well-being of New Yorkers who are at risk of homelessness. They achieve this through integrated social services and housing developments. The organization operates and manages Kenmore Hall, a 326-unit low-income housing project primarily for formerly homeless single adults, funded by contracts with DHS, HASA, and a grant from HUD. Their work is further supported by a 99.9% limited partnership interest in Kenmore Associates LP, which operates Kenmore Hall. With a workforce of 83 employees, Housing & Services Inc is dedicated to strengthening the communities they serve.
Official website here: www.hsi-ny.org
What are the reviews and ratings of this charity?
**Rating: 81% (Three-Star out of Four Star Rating on Charity Navigator)**
Housing & Services Inc has earned an 81% rating on Charity Navigator, indicative of a solid performance in terms of accountability and finance. This rating is derived entirely from their accountability measures, highlighting the charity's commitment to maintaining an independent board, stringent financial oversight, and adherence to various governance policies. However, the rating does not include considerations for leadership, community engagement, and measurable impact, which could provide a more rounded view of the organization's effectiveness.
Among its strengths, Housing & Services Inc boasts a 98.76% program expense ratio, indicating that a significant majority of its resources are allocated directly to its programs. The presence of a fully independent board further strengthens its governance framework, which is crucial for ensuring transparency and minimizing potential conflicts of interest. However, the rating does reveal certain weaknesses, particularly concerning the liabilities-to-assets ratio, which stands at 119.41%, suggesting financial obligations that exceed its assets.
Notably, there appears to be a lack of user feedback from GreatNonprofits, which limits the ability to gauge the general public's sentiment about the charity more thoroughly. While the financial indicators reflect a level of responsibility, a deeper understanding of the organization’s impact on its community would require additional context that isn't captured by the current rating alone.
This AI summary has been generated from information found on Charity Navigator.
Is Housing & Services Inc legitimate?
Housing & Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing & Services Inc 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: $542,402
Professional Fundraising Fees: $0
Other Salaries and Wages: $707,646
For more financial information, click here
Official website here: www.hsi-ny.org
What is the mission statement of Housing & Services Inc?
Housing & Services Inc's mission is centered around creating and maintaining exceptional supportive and affordable housing, integrated with social services. This mission aims to enhance the health and well-being of individuals who are at risk of homelessness, while contributing positively to the communities they inhabit. The organization operates with funding from contracts with DHS, HASA, and a grant from HUD, providing social services and low-income housing, primarily for formerly homeless single adults. Their flagship project, Kenmore Hall, is a 326-unit efficiency housing project, where residents receive government rent subsidies from HUD's Section 8 program administered by HPD. The organization holds a significant stake in the management of Kenmore Hall through a limited partnership with Kenmore Housing Corporation.
Official website here: www.hsi-ny.org
Who is the CEO of Housing & Services Inc?
James M Dill is the Chair of Housing & Services Inc.
Official website here: www.hsi-ny.org
What is the revenue of Housing & Services Inc?
Housing & Services Inc's revenue in 2022 was $10,959,571.
Official website here: www.hsi-ny.org
Who are the executives of Housing & Services Inc and what are their salaries?
The average compensation at Housing & Services Inc during 2022 was $15,061. There are 83 employees at Housing & Services Inc.
Here are 18 key members and their salaries:
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- Compensation: $173,855
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- Compensation: $172,294
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- Compensation: $129,920
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- Compensation: $126,780
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- Compensation: $122,442
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- Other: $24,634
Official website here: www.hsi-ny.org
Where can I find the form 990 for Housing & Services Inc?
Housing & Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hsi-ny.org
Learn more at the official website: www.hsi-ny.org
Mission Statement of Housing & Services Inc
Housing & Services Inc is dedicated to improving the health and well-being of New Yorkers who are at risk of homelessness. Their mission involves developing and maintaining exceptional supportive and affordable housing, integrating social services into these living spaces. By doing so, they aim to provide a safe and sustainable environment for individuals who are vulnerable to homelessness, while simultaneously strengthening the communities they inhabit.
The organization's approach to achieving its mission is twofold. Firstly, they offer low-income housing opportunities, primarily for formerly homeless single adults. This housing is funded by contracts with local authorities such as the Department of Social Services (DHS) and the Human Resources Administration (HASA), as well as a grant from the U.S. Department of Housing and Urban Development (HUD). The organization also obtains government rent subsidies from HUD's Section 8 program, which is administered by the New York City Department of Housing Preservation and Development (HPD).
Secondly, Housing & Services Inc provides a range of social services to its residents. These services are funded through contracts with DHS and HASA, as well as a grant from HUD. The organization's commitment to social services is evident in its ownership of a 99.9% limited partnership interest in Kenmore Associates LP, which operates Kenmore Hall, a 326-unit low-income housing project primarily for formerly homeless single adults. By combining housing with integrated social services, Housing & Services Inc strives to empower its residents and help them rebuild their lives, ultimately contributing to the overall health and well-being of the communities they live in.
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Impact
July, 2024
Housing & Services Inc's impact lies in developing and sustaining exceptional supportive and affordable housing with integrated social services to advance the health and well-being of vulnerable New Yorkers who are at risk of homelessness. Through projects like Kenmore Hall, which provides low-income housing primarily for formerly homeless single adults, the organization offers a crucial lifeline to individuals in need. By combining social services funded by various entities with affordable housing options, Housing & Services Inc plays a vital role in supporting individuals in transition and strengthening the communities they serve.
This information is meant to be a general summary of Housing & Services Inc. 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: $1,554
- Program Service Revenue: $8,267,852
- Gross Receipts: $10,959,571
Assets and Liabilities:
- Total Assets: $19,340,457
- Total Liabilities: $23,095,148
- Net Assets: -$3,754,691
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
KENMORE HALL INCOME
Revenue
$4,339,773
DEVELOPER FEES
Revenue
$2,604,020
MANAGEMENT FEES
Revenue
$1,086,046
RENTAL INCOME
Revenue
$238,013
Organization Details
Founding Year
1987
Phone
(212) 252-9377Principal Officer
James M Dill
Main Address
243 WEST 30TH STREET 2ND FL, NEW YORK, NY, 10001
Website
www.hsi-ny.orgNTEE Category
Code: L80Z - Housing
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