Overview
What is Housing Works 874 Jefferson Avenue?
Housing Works 874 Jefferson Avenue is a nonprofit organization situated in Brooklyn, New York, specifically at 57 Willoughby Street 2nd Floor. Its primary mission is to provide permanent supportive housing to homeless, low-income New Yorkers living with HIV/AIDS. The organization offers transitional housing through its Transgender Transitional Housing Program, catering to 23 scattered-site apartments. The residents of this program also have access to Housing Works East Adult Day Health Care programming. The source of revenue for Housing Works 874 Jefferson Avenue includes government contracts and President's Rent, with residents only paying up to 30% of their income as rent.
Official website here: www.housingworks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
Housing Works 874 Jefferson Avenue has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The rating is primarily based on the Accountability & Finance score, which reflects the organization's commitment to transparency and sound financial practices over the most recent fiscal year (FY2023).
One of the notable strengths of Housing Works is its high Program Expense Ratio of 93.35%, suggesting that a significant portion of its expenses is directed towards its programs. Additionally, the organization has successfully established policies regarding conflict of interest, whistleblowing, and document retention, which are all listed and compliant, demonstrating a level of governance integrity.
However, the organization faces challenges in board independence, with only 33% of the board members being independent, which impacts its overall governance score. The Liabilities to Assets Ratio of 60.03% indicates potential financial vulnerability, which is a point of concern for stakeholders considering the organization's financial sustainability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Works 874 Jefferson Avenue legitimate?
Housing Works 874 Jefferson Avenue is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Works 874 Jefferson Avenue 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.housingworks.org
What is the mission statement of Housing Works 874 Jefferson Avenue?
Housing Works, through its facility at 874 Jefferson Avenue, is dedicated to providing permanent supportive housing for homeless and low-income individuals living with HIV/AIDS. The organization obtains revenue from government contracts and President's Rent, ensuring that resident rent remains capped at 30% of their income. The mission of this facility is to offer a stable living environment for individuals who are otherwise vulnerable, enabling them to manage their health and improve their quality of life. Additionally, the facility offers transitional housing for transgender people living with HIV/AIDS, providing 23 scattered-site apartments and access to Housing Works East Adult Day Health Care programming.
Official website here: www.housingworks.org
Who is the CEO of Housing Works 874 Jefferson Avenue?
Charles King is the Chair of Housing Works 874 Jefferson Avenue.
Official website here: www.housingworks.org
What is the revenue of Housing Works 874 Jefferson Avenue?
Housing Works 874 Jefferson Avenue's revenue in 2022 was $105,546.
Official website here: www.housingworks.org
Who are the executives of Housing Works 874 Jefferson Avenue and what are their salaries?
There 1 volunteer at Housing Works 874 Jefferson Avenue.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $228,884
- Other: $25,086
- Compensation: $0
- Related: $416,319
- Other: $15,243
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $241,353
- Other: $3,944
Official website here: www.housingworks.org
Where can I find the form 990 for Housing Works 874 Jefferson Avenue?
Housing Works 874 Jefferson Avenue's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingworks.org
Learn more at the official website: www.housingworks.org
Mission Statement of Housing Works 874 Jefferson Avenue
Housing Works 874 provides permanent supportive housing to homeless and low-income New Yorkers living with HIV/AIDS. The organization's mission is centered around offering a secure living environment for individuals who are financially disadvantaged and affected by the HIV/AIDS virus. Revenue for this mission is sourced primarily from government contracts and rental payments, known as President's Rent, which are capped at 30% of the residents' income.
Housing Works 874 Jefferson Avenue's mission is not limited to merely providing a roof over the heads of its residents. The organization also offers a supportive environment, ensuring that the individuals under its care can lead a stable life. This support extends beyond financial assistance, as the residents also participate in the Housing Works East Adult Day Health Care programming. This holistic approach to care is evident in the Transgender Transitional Housing Program, which provides transitional housing for transgender individuals living with HIV/AIDS. This program, as reported in the organization's financial forms, includes 23 scattered-site apartments, further emphasizing Housing Works 874's commitment to providing diverse and tailored living solutions.
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Impact
October, 2024
Housing Works 874 Jefferson Avenue provides permanent supportive housing for homeless, low-income New Yorkers living with HIV/AIDS, significantly impacting the local community by addressing critical housing needs. Featuring 23 scattered-site apartments, the program offers a stable living environment for residents who often face significant barriers to housing due to their health status and socioeconomic challenges.
Moreover, residents benefit from access to the Housing Works East Adult Day Health Care program, which promotes holistic well-being and connects individuals with essential health services. By capping resident rent at 30% of their income, the program ensures affordability, allowing individuals to allocate resources towards other necessities, thereby improving overall quality of life.
The revenue generated through government contracts and rent payments from residents directly supports these initiatives, reinforcing the sustainability of the housing program. The presence of such supportive housing not only assists in reducing homelessness but also fosters a sense of community and belonging among residents, thus promoting social integration and stability in Brooklyn.
This information is meant to be a general summary of Housing Works 874 Jefferson Avenue. 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.
- Program Service Revenue: $105,546
- Gross Receipts: $105,546
Assets and Liabilities:
- Total Assets: $2,517,434
- Total Liabilities: $1,502,659
- Net Assets: $1,014,775
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$105,546
Organization Details
Founding Year
1995
Phone
(347) 473-7400Principal Officer
Charles King
Main Address
57 WILLOUGHBY STREET 2ND FL, BROOKLYN, NY, 11201
Website
www.housingworks.orgNTEE Category
Code: L80 - Housing
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