Overview
What is St Vincent's Housing Development Fund Company Inc?
St. Vincent's Housing Development Fund Company Inc is a nonprofit organization situated in Staten Island, New York. Their primary mission is to provide housing and related services to the elderly on a nonprofit basis. They accomplish this through the operation of a Section 202 HUD-financed multifamily housing project, which comprises 65 units specifically designed for the elderly. This project aims to offer a supportive living environment for this population in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
St Vincent's Housing Development Fund Company Inc has achieved a commendable score of 94%, reflecting strong performance in accountability and finance. The rating is derived entirely from the organization's accountability measures, which are critical for donor confidence and transparency. A Four-Star rating indicates that the charity adheres to high standards in its financial practices and governance.
The organization demonstrates exemplary governance, with a fully independent board, showcasing its commitment to ethical oversight. Their policies, including those for conflict of interest and whistleblowing, are in place and well-documented. Additionally, the charity has a strong program expense ratio of 87.07%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs.
While the financial health of St Vincent's Housing Development Fund Company Inc appears robust, it is essential to note that the score is based solely on financial metrics. There was no additional information on programmatic outcomes or community impact, which can provide further context for potential donors and stakeholders about the effectiveness of its services.
This AI summary has been generated from information found on Charity Navigator.
Is St Vincent's Housing Development Fund Company Inc legitimate?
St Vincent's Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Vincent's 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:
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Other Salaries and Wages: $167,873
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What is the mission statement of St Vincent's Housing Development Fund Company Inc?
St. Vincent's Housing Development Fund Company Inc. is committed to providing housing and related services for the financially disadvantaged elderly population on a non-profit basis. The organization operates a Section 202 HUD-financed multifamily housing project, which currently houses 65 elderly individuals. Their mission is centered around offering a living space and necessary support services to this specific demographic, aiming to enhance their quality of life.
Who is the CEO of St Vincent's Housing Development Fund Company Inc?
Matthew Janeczko is the Chairperson of St Vincent's Housing Development Fund Company Inc.
What is the revenue of St Vincent's Housing Development Fund Company Inc?
St Vincent's Housing Development Fund Company Inc's revenue in 2022 was $1,060,524.
Who are the executives of St Vincent's Housing Development Fund Company Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for St Vincent's Housing Development Fund Company Inc?
St Vincent's Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Vincent's Housing Development Fund Company Inc
St. Vincent's Housing Development Fund Company Inc is committed to providing housing and related services to the elderly in need on a nonprofit basis. The organization fulfills this mission by owning and operating a Section 202 HUD-financed multifamily housing project specifically designed for the elderly. This project consists of 65 units, offering a secure and supportive living environment for this vulnerable population. By providing affordable housing and necessary services, St. Vincent's Housing Development Fund Company Inc aims to improve the quality of life for the elderly, ensuring they can live with dignity and independence.
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Impact
July, 2024
St Vincent's Housing Development Fund Company Inc's impact is substantial in providing housing and related services to the poor elderly on a Staten Island, NY basis. By owning and operating a HUD-financed multifamily housing project consisting of 65 units specifically designed for the elderly, the organization directly addresses the critical need for affordable housing in the community. The organization's mission to serve this vulnerable population aligns with its commitment to improving the quality of life for the elderly residents, ensuring they have a safe and comfortable place to call home. Through their housing development efforts, St Vincent's Housing Development Fund Company Inc makes a tangible difference in the lives of the elderly in Staten Island, NY.
This information is meant to be a general summary of St Vincent's 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: $9,821
- Program Service Revenue: $1,048,219
- Gross Receipts: $1,231,903
Assets and Liabilities:
- Total Assets: $4,733,264
- Total Liabilities: $170,924
- Net Assets: $4,562,340
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$894,786
TENANT RENTAL PAYMENTS
Revenue
$152,925
COVID-19 SUPPLEMENTAL
Revenue
$508
Organization Details
Founding Year
1999
Phone
(718) 477-6803Principal Officer
Matthew Janeczko
Main Address
150 BRIELLE AVENUE, STATEN ISLAND, NY, 103146424
NTEE Category
Code: L210 - Housing
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