Overview
What is Mount St James Housing Development Fund Company Inc?
Mount St James Housing Development Fund Company Inc is a nonprofit organization situated in Syracuse, New York, specifically at 990 James Street. Their primary focus is on providing affordable housing for low-income individuals, operating a 140-unit project in accordance with Section 221(D)(4) of the National Housing Act. This nonprofit corporation was established with the sole purpose of developing, owning, and managing low-income housing projects, aiming to contribute positively to the community.
Official website here: www.christopher-community.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Mount St James Housing Development Fund Company Inc has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This rating is based solely on the organization's Accountability & Finance performance, where it has demonstrated strong governance and financial practices. The charity scored particularly well in areas such as independent board membership and the presence of essential policies, indicating a commitment to transparency and ethical management.
The organization boasts a high program expense ratio of 88.70%, which suggests that a significant portion of its resources is directed towards its mission-related activities. Additionally, it has successfully achieved full points in several accountability categories, including financial audits and policies for conflict of interest and whistleblowing. These positive indicators showcase the charity's dedication to responsible financial stewardship.
However, the organization did face a challenge with its liabilities to assets ratio, which stands at 105.06%. This indicates that the organization has more liabilities than assets, a potential concern for its long-term financial health. While the strong performance in other areas is commendable, monitoring its financial stability will be crucial for sustaining its operations and mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mount St James Housing Development Fund Company Inc legitimate?
Mount St James Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount St James Housing Development Fund Company 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $236,671
For more financial information, click here
Official website here: www.christopher-community.org
What is the mission statement of Mount St James Housing Development Fund Company Inc?
The Mount St James Housing Development Fund Company Inc was established with a specific purpose: to develop, manage, and operate a low-income housing project on a nonprofit basis. This mission is in accordance with Section 221(D)(4) of the National Housing Act. The company indeed operates a 140-unit low-income housing project, adhering to this nonprofit basis. The objective of this organization is to provide affordable housing solutions for those in need, contributing to a more equitable housing scenario.
Official website here: www.christopher-community.org
Who is the CEO of Mount St James Housing Development Fund Company Inc?
Fredrick Zolna is the President of Mount St James Housing Development Fund Company Inc.
Official website here: www.christopher-community.org
What is the revenue of Mount St James Housing Development Fund Company Inc?
Mount St James Housing Development Fund Company Inc's revenue in 2022 was $1,204,530.
Official website here: www.christopher-community.org
Who are the executives of Mount St James Housing Development Fund Company Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.christopher-community.org
Where can I find the form 990 for Mount St James Housing Development Fund Company Inc?
Mount St James Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.christopher-community.org
Learn more at the official website: www.christopher-community.org
Mission Statement of Mount St James Housing Development Fund Company Inc
Mount St. James Housing Development Fund Company Inc was established with a specific mission in mind. This nonprofit organization was organized with the primary objective of developing, owning, and operating a low-income housing project on a nonprofit basis. This mission is in line with Section 221(D)(4) of the National Housing Act. On this basis, Mount St. James Development Fund Company manages a 140-unit low-income housing project, operating within the remit of this legislation. The company's mission is geared towards providing affordable housing options for individuals who fall within the low-income bracket, contributing to a more equitable living environment.
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Impact
July, 2024
Mount St James Housing Development Fund Company Inc's impact is significant in providing affordable housing options for low-income individuals and families in Syracuse, NY. Operating a 140-unit low-income housing project under the provisions of Section 221(D)(4) of the National Housing Act, the organization plays a crucial role in addressing the housing needs of the community. Through its mission to develop, own, and operate Mount St James Housing Development Fund Company Inc housing, the organization is instrumental in promoting access to safe and affordable housing for those in need.
This information is meant to be a general summary of Mount St James Housing Development Fund Company 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: $1,215
- Program Service Revenue: $1,181,502
- Gross Receipts: $1,204,530
Assets and Liabilities:
- Total Assets: $3,833,654
- Total Liabilities: $3,952,454
- Net Assets: -$118,800
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$1,181,502
Organization Details
Founding Year
1973
Phone
(315) 424-1821Principal Officer
Fredrick Zolna
Main Address
990 JAMES STREET, SYRACUSE, NY, 13203
NTEE Category
Code: L21 - Housing
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