Overview
What is The Pines At Narragansett Housing Development Fund Company Inc?
The Pines at Narragansett Housing Development Fund Company Inc, situated in Ossining, New York, is a dedicated nonprofit organization. Its primary mission is to offer affordable housing options for individuals with low income, operating on a non-profit basis. The organization, positioned in Ossining, is committed to making housing accessible and affordable for this demographic. Despite the information provided not detailing specific activities or programs, it is clear that The Pines at Narragansett Housing Development Fund Company Inc is devoted to addressing housing needs within its community.
Official website here: www.bethelwell.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
The Pines At Narragansett Housing Development Fund Company Inc has received a commendable rating of 81%, indicating a strong performance in accountability and finance. The organization is noted for having a fully independent board, which enhances its governance and decision-making processes. Additionally, the charity demonstrates solid financial oversight, with all necessary policies and documentation in place, contributing to a transparent operational environment.
One of the key strengths of this nonprofit is its high program expense ratio of 87.95%, which reflects a commitment to directing a significant portion of its resources toward programs rather than administrative costs. This focus on efficiency suggests that donors can feel confident that their contributions are being utilized effectively to support the charity's mission.
While the overall rating is favorable, it's important to note that a Three-Star rating indicates there is still room for improvement. Potential donors may want to investigate further into specific programs or initiatives to assess their impact. Overall, the organization's strong governance and financial practices lay a solid foundation for future growth and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Pines At Narragansett Housing Development Fund Company Inc legitimate?
The Pines At Narragansett Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pines At Narragansett 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: $0
For more financial information, click here
Official website here: www.bethelwell.org
What is the mission statement of The Pines At Narragansett Housing Development Fund Company Inc?
The Pines at Narragansett Housing Development Fund Company is dedicated to offering affordable housing options for individuals with low income, operating on a non-profit basis. Its primary goal is to provide a hospitable living environment, contributing to the well-being of its residents. The organization is not known to have a formal mission statement, but its primary activity is providing affordable housing solutions.
Official website here: www.bethelwell.org
Who is the CEO of The Pines At Narragansett Housing Development Fund Company Inc?
Anastasios Markopoulos is the Board Member of The Pines At Narragansett Housing Development Fund Company Inc.
Official website here: www.bethelwell.org
What is the revenue of The Pines At Narragansett Housing Development Fund Company Inc?
The Pines At Narragansett Housing Development Fund Company Inc's revenue in 2022 was $1,025,027.
Official website here: www.bethelwell.org
Who are the executives of The Pines At Narragansett Housing Development Fund Company Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.bethelwell.org
Where can I find the form 990 for The Pines At Narragansett Housing Development Fund Company Inc?
The Pines At Narragansett Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bethelwell.org
Learn more at the official website: www.bethelwell.org
Mission Statement of The Pines At Narragansett Housing Development Fund Company Inc
The Pines at Narragansett Housing Development Fund Company is a dedicated non-profit organization with a mission to offer affordable housing to individuals with low income. Situated in Ossining, NY, this organization operates on a non-profit basis, providing a much-needed service to its community. The primary focus of The Pines at Narragansett Housing Development Fund Company is to make housing accessible to those who may not be able to afford it otherwise, thereby contributing to a more inclusive and equitable society.
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Impact
July, 2024
The Pines At Narragansett Housing Development Fund Company Inc impacts the community by providing affordable housing options for low-income individuals in Ossining, NY. By offering a non-profit basis for their housing developments, they contribute to addressing the critical issue of affordable housing in the area. Their mission of creating accessible housing opportunities for those in need helps improve overall quality of life and stability for residents who may otherwise struggle to find suitable living arrangements.
This information is meant to be a general summary of The Pines At Narragansett 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: $67
- Program Service Revenue: $1,017,132
- Gross Receipts: $1,025,027
Assets and Liabilities:
- Total Assets: $1,409,894
- Total Liabilities: $5,935,661
- Net Assets: -$4,525,767
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - RESIDENTS
Revenue
$824,246
RENTAL INCOME - RELATED PARTY
Revenue
$192,886
Organization Details
Founding Year
2003
Principal Officer
Anastasios Markopoulos
Main Address
19 NARRAGANSETT AVENUE, OSSINING, NY, 10562
Website
www.bethelwell.orgNTEE Category
Code: L11 - Housing
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