Overview
What is Tongore Pines Housing Development Fund Company Inc?
Tongore Pines Housing Development Fund Company Inc is a nonprofit organization situated in Kingston, New York. Their primary mission is to offer affordable housing solutions for senior citizens and individuals with disabilities who are financially disadvantaged. By providing low-income housing, this organization plays a significant role in enhancing the living conditions of these vulnerable populations, contributing to their overall well-being and independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Tongore Pines Housing Development Fund Company Inc has earned a Three-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The charity's overall score derives solely from its Accountability & Finance metrics, indicating a strong focus on governance practices despite some areas needing improvement.
The organization demonstrates strengths in several key governance areas, including having 100% independent board members and a comprehensive conflict of interest policy. Additionally, there have been no recorded material diversions of assets, which enhances trust in its financial integrity. The program expense ratio is also commendable at 87.42%, suggesting that a significant portion of its funds is directed toward its mission-related activities.
However, there are notable limitations in the charity's performance metrics. The absence of documented board meeting minutes and a missing tax form on the nonprofit's website indicate lapses in transparency. Furthermore, a high liabilities-to-assets ratio of 176.43% raises concerns about the financial sustainability of the organization, which could affect its long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Tongore Pines Housing Development Fund Company Inc legitimate?
Tongore Pines Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tongore Pines 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: $28,624
For more financial information, click here
What is the mission statement of Tongore Pines Housing Development Fund Company Inc?
Tongore Pines Housing Development Fund Company Inc is dedicated to serving a specific segment of the population. Their mission is to offer affordable housing solutions for senior citizens and individuals with disabilities who are financially constrained. By providing low-income housing, they aim to contribute positively to the lives of these individuals, ensuring they have a suitable living environment. The company's activities are centered around this mission, striving to make a difference in the housing needs of the specified group.
Who is the CEO of Tongore Pines Housing Development Fund Company Inc?
Richard Heese is the Director of Tongore Pines Housing Development Fund Company Inc.
What is the revenue of Tongore Pines Housing Development Fund Company Inc?
Tongore Pines Housing Development Fund Company Inc's revenue in 2023 was $199,986.
Who are the executives of Tongore Pines Housing Development Fund Company Inc and what are their salaries?
There 6 volunteers at Tongore Pines Housing Development Fund Company Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Tongore Pines Housing Development Fund Company Inc?
Tongore Pines Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tongore Pines Housing Development Fund Company Inc
Tongore Pines Housing Development Fund Company Inc is dedicated to serving the housing needs of low-income senior citizens and disabled individuals. Their mission, in simple terms, is to offer affordable living accommodations for those who require assistance due to their age or disability status. This nonprofit organization focuses on providing a safe and comfortable living environment for its residents, ensuring that they have access to the basic necessities of life. By offering low-income housing, Tongore Pines Housing Development Fund Company Inc strives to alleviate some of the financial burdens faced by its residents, allowing them to focus on their health and well-being. This mission reflects a commitment to social responsibility and a desire to contribute positively to the lives of vulnerable members of society.
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Impact
October, 2024
Tongore Pines Housing Development Fund Company Inc significantly impacts the Kingston, NY community by providing essential low-income housing tailored for senior citizens and disabled individuals. By addressing the specific housing needs of these vulnerable populations, the organization helps to enhance their quality of life, ensuring they have access to safe and affordable living conditions.
This initiative not only alleviates housing insecurity but also fosters a sense of community among residents, allowing them to thrive in an environment that supports their unique challenges. The availability of affordable housing options empowers these individuals, providing them with stability and the opportunity for improved social and economic well-being. Ultimately, Tongore Pines plays a crucial role in promoting inclusivity and accessibility within the housing landscape of Kingston.
This information is meant to be a general summary of Tongore Pines 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 2023.
- Investment Income: $505
- Program Service Revenue: $198,816
- Gross Receipts: $199,986
Assets and Liabilities:
- Total Assets: $1,042,478
- Total Liabilities: $1,839,300
- Net Assets: -$796,822
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$198,816
Organization Details
Founding Year
1997
Phone
(845) 331-2140Principal Officer
Richard Heese
Main Address
289 Fair St, Kingston, NY, 12401
NTEE Category
Code: L99 - Housing
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