Overview
What is House New York Inc?
House New York Inc, situated in New York City, is a nonprofit organization dedicated to improving the living conditions of low-income tenants residing in affordable housing. Their primary focus is on promoting digital equity by providing low-cost internet services to these communities through initiatives like the Community Classrooms program and collaborations with broadband providers. During the pandemic, they offered virtual classrooms for low-income students learning at home. Their mission extends to educating the public and professionals in the affordable housing industry about the benefits of creating housing for diverse populations, as required by the Fair Housing Act.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 71% (Two-Star out of Four Star rating)
House New York Inc has received a "Needs Improvement" rating, reflecting some strengths in accountability and finance, earning a perfect score of 100% in this area. The organization demonstrates robust governance with a fully independent board comprising eight members and has a strong liabilities-to-assets ratio, indicating financial stability. Additionally, the program expense ratio is commendable, suggesting that funds are primarily directed towards its mission.
However, the organization faces significant challenges in transparency, as evidenced by its low scores in financial statement availability and the posting of key documents on its website. Specifically, it scored zero out of fifteen points for financial statements and zero out of four points for having its tax form available online. Other areas such as the whistleblower policy and document retention protocols also received low scores, which may raise concerns about oversight and transparency practices.
While House New York Inc demonstrates financial accountability and effective governance, the lack of transparency in its financial reporting and documentation may affect donor confidence and the organization's overall effectiveness in its mission. Addressing these limitations could help improve its rating and enhance trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is House New York Inc legitimate?
House New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. House New York 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
What is the mission statement of House New York Inc?
House New York Inc's mission is centered around promoting the development and operation of affordable housing for low-income residents in New York State. They accomplish this by disseminating information about the benefits and legal obligations for creating housing for diverse populations under the Fair Housing Act. To carry out its charitable objectives, the organization engages in educational programs, conducts research, solicits grants, and provides grants to other charitable organizations that align with its purpose.
Who is the CEO of House New York Inc?
Timothy Flaherty is the Treasurer of House New York Inc. The CEO's salary of House New York Inc is $0 and their total compensation is $342,888.
What is the revenue of House New York Inc?
House New York Inc's revenue in 2022 was $1,531,482.
Who are the executives of House New York Inc and what are their salaries?
There 3 volunteers at House New York Inc.
Here are 5 key members and their salaries (House New York Inc's CEO's salary is $0 and their total compensation is $342,888):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $307,448
- Other: $35,440
- Compensation: $0
- Related: $165,500
- Other: $20,540
Where can I find the form 990 for House New York Inc?
House New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of House New York Inc
House New York Inc, as a nonprofit organization, is dedicated to promoting the development and operation of affordable housing for low-income residents throughout New York State. To fulfill its charitable purposes, the organization engages in various activities, including disseminating information to the general public and professionals in the affordable housing industry about the benefits and legal obligations of creating housing for diverse populations under the Fair Housing Act. In an effort to achieve its mission, House New York Inc conducts programs and activities in education, research, and grant-making, providing assistance to other charitable organizations that share its goals. By doing so, House New York Inc plays a vital role in making affordable housing a reality for numerous low-income residents in New York State.
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Impact
July, 2024
House New York Inc's impact is significant in promoting the development and operation of affordable housing for low-income residents in New York State. The organization's efforts have been focused on digital equity programs that provide low-cost fiber, cable, WiFi, and cellular service to low-income populations. They have also launched the Community Classrooms program, offering virtual classroom space to low-income students during the pandemic. In New York City, House New York Inc has established a list of broadband providers willing to retrofit affordable housing with high-speed broadband infrastructure at no cost to building owners and low-cost monthly service to tenants. Their work contributes to improving the lives of low-income affordable housing tenants and ensuring access to critical resources.
This information is meant to be a general summary of House New York 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.
- Program Service Revenue: $1,526,482
- Gross Receipts: $1,531,482
Assets and Liabilities:
- Total Assets: $597,321
- Total Liabilities: $0
- Net Assets: $597,321
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Conference Income
Revenue
$1,526,482
Organization Details
Founding Year
2017
Phone
(877) 829-5500Principal Officer
Timothy Flaherty
Main Address
253 W 35th Street 3rd Floor, New York, NY, 10001
NTEE Category
Code: L01 - Housing
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