Overview
What is Cicero Commons Senior Housing Development Fund Company Inc?
Cicero Commons Senior Housing Development Fund Company Inc is a nonprofit organization located at 990 James Street, Syracuse, NY 13203. Their primary mission is to provide affordable housing for elderly and disabled individuals with low income, adhering to the guidelines set by Article XI of the Private Housing Finance Law and Section 402 of the Not-for-Profit Corporation Law in New York State. Established with the sole aim of developing, owning, and operating a low-income housing project on a nonprofit basis, they currently employ a team of 4 individuals to fulfill this mission.
Official website here: www.christopher-community.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating
Cicero Commons Senior Housing Development Fund Company Inc has received a solid rating of 87% from Charity Navigator, indicating a commendable level of accountability and financial health. This score is derived entirely from the Accountability & Finance beacon, which reflects the organization’s strong adherence to good governance practices and transparency.
The organization boasts several strengths, including a board composed entirely of independent members and a zero material diversion of assets. Furthermore, it has demonstrated robust financial management, evidenced by a low liabilities to assets ratio of 1.80% and a program expense ratio of 81.29%, highlighting its commitment to directing funds towards its mission.
While the overall score is strong, it is worth noting that the rating is based solely on the Accountability & Finance metrics, which may not capture the full scope of the organization’s impact or effectiveness in program delivery. Nonetheless, the established policies and strong governance practices indicate a reliable nonprofit with a focus on responsible management and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Cicero Commons Senior Housing Development Fund Company Inc legitimate?
Cicero Commons Senior Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cicero Commons Senior 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: $63,912
For more financial information, click here
Official website here: www.christopher-community.org
What is the mission statement of Cicero Commons Senior Housing Development Fund Company Inc?
Cicero Commons Senior Housing Development Fund Company Inc was established with the primary objective of developing, owning, and operating a low-income housing project on a non-profit basis. This is in accordance with Article XI of the Private Housing Finance Law of New York. The company operates a 24-unit housing project, specifically designed for elderly and handicapped individuals of low income, in compliance with Article XI of the Private Housing Finance Law and Section 402 of the Not-For-Profit Corporation Law. The organization operates on a non-profit basis, providing affordable housing options for those in need.
Official website here: www.christopher-community.org
Who is the CEO of Cicero Commons Senior Housing Development Fund Company Inc?
Eleanor J Carr is the President of Cicero Commons Senior Housing Development Fund Company Inc.
Official website here: www.christopher-community.org
What is the revenue of Cicero Commons Senior Housing Development Fund Company Inc?
Cicero Commons Senior Housing Development Fund Company Inc's revenue in 2022 was $202,485.
Official website here: www.christopher-community.org
Who are the executives of Cicero Commons Senior Housing Development Fund Company Inc and what are their salaries?
The average compensation at Cicero Commons Senior Housing Development Fund Company Inc during 2022 was $15,978. There are 4 employees at Cicero Commons Senior Housing Development Fund Company Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.christopher-community.org
Where can I find the form 990 for Cicero Commons Senior Housing Development Fund Company Inc?
Cicero Commons Senior Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.christopher-community.org
Learn more at the official website: www.christopher-community.org
Mission Statement of Cicero Commons Senior Housing Development Fund Company Inc
Cicero Commons Senior Housing Development Fund Company Inc, a nonprofit organization, was established with a specific purpose: to develop, own, and manage a low-income housing project on a nonprofit basis. Guided by Article XI of the Private Housing Finance Law of New York and Section 402 of the Not-for-Profit Corporation Law, this corporation operates a 24-unit housing project, catering to elderly and handicapped individuals of low income. The project is run on a nonprofit basis, providing an affordable living solution for those in need. The mission of Cicero Commons Senior Housing Development Fund Company Inc is to contribute to the community by offering a safe and affordable living space for individuals who may otherwise face housing challenges due to their low income.
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Impact
October, 2024
Cicero Commons Senior Housing Development Fund Company Inc significantly impacts the community by providing affordable housing options for elderly and handicapped individuals of low income. By operating a 24-unit housing project in Syracuse, NY, the organization ensures that vulnerable populations have access to safe and comfortable living environments. This initiative not only addresses housing needs but also promotes inclusivity and enhances the quality of life for its residents. The project aligns with state laws that support low-income housing development, thereby contributing to the broader efforts of improving housing stability and community well-being in the region.
This information is meant to be a general summary of Cicero Commons Senior 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: $1,535
- Program Service Revenue: $199,964
- Gross Receipts: $202,485
Assets and Liabilities:
- Total Assets: $1,441,408
- Total Liabilities: $18,965
- Net Assets: $1,422,443
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - HUD
Revenue
$111,952
RENTAL INCOME - TENANT
Revenue
$88,012
Organization Details
Founding Year
2005
Phone
(315) 424-1821Principal Officer
Eleanor J Carr
Main Address
990 JAMES STREET, SYRACUSE, NY, 13203
NTEE Category
Code: L20 - Housing
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