Overview
What is Actors Fund Housing Development Corporation?
Actors Fund Housing Development Corporation is a nonprofit organization, established in New York City, specifically at 729 Seventh Avenue, 10th Floor. Their primary mission is to develop affordable housing for individuals within the performing arts and entertainment community. This housing not only improves the lives of these individuals but also contributes to local economic development and community revitalization. The corporation provides on-site social services, such as resource information, entitlement program advocacy, home care coordination, and health education, to support the residents, including seniors, working professionals, and those living with HIV/AIDS. For more details, interested individuals can visit the organization's website at entertainmentcommunity.org/services-and-programs/dorothy-ross-friedman-residence. The corporation also educates the performing arts and entertainment community about affordable housing and the application process, collaborating with developers and government entities to expand affordable housing opportunities for this specific community.
Official website here: www.see schedule o
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Actors Fund Housing Development Corporation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. With a score of 81%, the organization demonstrates a strong commitment to transparency and responsible financial management, which is significant for potential donors and stakeholders.
One of the notable strengths of the organization includes a high program expense ratio of 99.17%, suggesting that a substantial portion of its funds is directed towards program-related activities rather than administrative costs. Additionally, the organization has established governance practices, including a majority of independent board members and comprehensive policies on conflict of interest and whistleblower protections.
However, while the accountability score is commendable, it is worth considering that the overall rating is based solely on this financial metric. This singular focus may not provide a complete picture of the organization's impact or effectiveness in achieving its mission, which could be a limitation for those looking to understand the broader scope of its work.
This AI summary has been generated from information found on Charity Navigator.
Is Actors Fund Housing Development Corporation legitimate?
Actors Fund Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Actors Fund Housing Development Corporation 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: $263,282
For more financial information, click here
Official website here: www.see schedule o
What is the mission statement of Actors Fund Housing Development Corporation?
The Actors Fund Housing Development Corporation's mission is centered around developing affordable housing for individuals within the performing arts and entertainment community. This initiative aims to enhance the lives of these individuals, stimulate economic growth, and revitalize communities. Beyond housing development, the corporation also educates the performing arts and entertainment community about affordable housing opportunities and the application process. They collaborate with developers and government entities to increase the availability of such housing for this specific community.
Official website here: www.see schedule o
Who is the CEO of Actors Fund Housing Development Corporation?
Joseph Benincasa is the President of Actors Fund Housing Development Corporation.
Official website here: www.see schedule o
What is the revenue of Actors Fund Housing Development Corporation?
Actors Fund Housing Development Corporation's revenue in 2022 was $2,701,938.
Official website here: www.see schedule o
Who are the executives of Actors Fund Housing Development Corporation and what are their salaries?
Here are 16 key members and their salaries:
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- Related: $563,888
- Other: $117,490
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- Other: $98,759
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- Related: $227,288
- Other: $73,232
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- Related: $145,723
- Other: $45,723
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- Related: $159,153
- Other: $13,147
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- Related: $302,479
- Other: $89,918
Official website here: www.see schedule o
Where can I find the form 990 for Actors Fund Housing Development Corporation?
Actors Fund Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.see schedule o
Learn more at the official website: www.see schedule o
Mission Statement of Actors Fund Housing Development Corporation
Actors Fund Housing Development Corporation (AFHDC) is committed to a mission that involves the development of affordable housing for the performing arts and entertainment community. This mission aims to improve lives, stimulate economic growth, and revitalize communities. Beyond just providing housing, AFHDC also plays an educative role. They inform the performing arts and entertainment community about the process of acquiring affordable housing and collaborate with developers and government entities to increase such opportunities. By doing so, AFHDC strives to enhance the living conditions and prospects for individuals within this community.
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Impact
July, 2024
Actors Fund Housing Development Corporation's impact is significant in providing affordable housing for the performing arts and entertainment community. The organization's flagship project, the Dorothy Ross Friedman Residence in New York City, offers 178 shared residential units to special low-income groups including seniors, working professionals, and people living with HIV/AIDS.
Apart from providing housing, AFHDC also offers on-site social services such as information and referral to community resources, entitlement program advocacy, coordination of home care and medical services, outreach, health education, and support groups. By addressing the housing needs of those in the performing arts industry, AFHDC not only improves the lives of its residents but also fosters economic development and revitalizes communities.
Additionally, AFHDC plays a crucial role in educating the performing arts and entertainment community about affordable housing options and the application process. The organization collaborates with developers and government entities to increase affordable housing opportunities specifically designed for individuals in the performing arts and entertainment sector.
Overall, Actors Fund Housing Development Corporation's work is instrumental in creating a supportive and sustainable environment for those in the performing arts community, ensuring they have access to affordable housing and essential services.
This information is meant to be a general summary of Actors Fund Housing Development Corporation. 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: $1,494
- Program Service Revenue: $1,756,889
- Gross Receipts: $2,701,938
Assets and Liabilities:
- Total Assets: $16,892,978
- Total Liabilities: $21,619,888
- Net Assets: -$4,726,910
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL REVENUE
Revenue
$1,617,739
FEE FOR SERVICE INCOME
Revenue
$139,150
Organization Details
Founding Year
2009
Phone
(212) 221-7300Principal Officer
Joseph Benincasa
Main Address
729 SEVENTH AVENUE 10TH FL, NEW YORK, NY, 10019
Website
www.see schedule oNTEE Category
Code: L21 - Housing
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