Overview
What is Town Of Islip Affordable Housing Corp?
The Town Of Islip Affordable Housing Corp, based in Oakdale, New York, is a nonprofit organization dedicated to providing affordable housing for low and very low-income families. Established in 2017, the corporation manages four housing facilities and serves approximately 60-75 new families annually due to tenant turnovers. The housing corporation assists families who previously lived in unaffordable or substandard housing, providing a safe and suitable living environment for an average of 550 residents. The tenant population is primarily made up of elderly and disabled families, with a waiting list exceeding 5,000 applicants. The rent for these families is subsidized at an average of $275 per month, and the housing units are recognized as high performers in the U.S. Department of HUD rating system. The corporation also invests in unit rehabilitation and maintains an infrastructure replacement reserve to ensure the continuity of affordable housing for the most vulnerable population. Bi-lingual case managers are employed to provide ancillary services and promote an aging-in-place ability for the elderly population. The families served by the program may otherwise be homeless, living in unsafe housing, or facing relocation to another state.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 83% (Three-Star out of Four Star rating)
The Town Of Islip Affordable Housing Corp has earned an overall score of 83%, reflecting a solid performance in accountability and finance. This score is particularly bolstered by its independent board, which consists of 100% independent members, ensuring that the organization operates with a high level of integrity and transparency. The presence of robust policies regarding conflicts of interest, whistleblower protection, and document retention further enhances its accountability framework.
While the organization demonstrates strong oversight and minimal liabilities, its program expense ratio of 61.38% suggests that there is room for improvement in allocating a larger portion of its budget directly to program services. This may indicate potential inefficiencies in how resources are being utilized within their housing initiatives.
Overall, the Town Of Islip Affordable Housing Corp exhibits strong governance and fiscal responsibility, but stakeholders may want to see an increased focus on programmatic spending to maximize the impact of its affordable housing efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Town Of Islip Affordable Housing Corp legitimate?
Town Of Islip Affordable Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Town Of Islip Affordable Housing Corp 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 Town Of Islip Affordable Housing Corp?
The Town of Islip Affordable Housing Corp strives to deliver decent, safe, and affordable housing to eligible low and very low-income family applicants efficaciously. This organization maintains an overall commitment to local communities and governmental entities within the served areas, aiming to promote adequate and affordable housing and a discrimination-free living environment. The corporation's objective is to deliver housing efficiently while contributing to a suitable living environment for its residents.
Who is the CEO of Town Of Islip Affordable Housing Corp?
Jackie Foster is the President of Town Of Islip Affordable Housing Corp.
What is the revenue of Town Of Islip Affordable Housing Corp?
Town Of Islip Affordable Housing Corp's revenue in 2022 was $3,201,675.
Who are the executives of Town Of Islip Affordable Housing Corp and what are their salaries?
There 40 volunteers at Town Of Islip Affordable Housing Corp.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $141,820
- Other: $3,992
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $90,935
- Other: $2,624
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Town Of Islip Affordable Housing Corp?
Town Of Islip Affordable Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Town Of Islip Affordable Housing Corp
The Town of Islip Affordable Housing Corp is dedicated to delivering decent, safe, and affordable housing to eligible low and very low-income family applicants. Their mission is to maintain an overall commitment to the local communities and governmental entities within their jurisdiction, aiming to promote adequate and affordable housing, economic opportunity, and a suitable living environment free from discrimination. The organization strives for effective and efficient housing delivery, ensuring that eligible families have access to the essentials they need to live comfortably. By promoting affordable housing, the Town of Islip Affordable Housing Corp contributes to the well-being of its communities, providing a suitable living environment that fosters a sense of belonging and equality.
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Impact
July, 2024
The Town Of Islip Affordable Housing Corp provides essential housing for low and very low-income families in Oakdale, NY. They offer a safe and affordable living environment, helping families who were previously living in inadequate or unaffordable housing situations. Through their management agent, the organization serves approximately 60-75 new families each year, with a tenant population of around 550 individuals, including disabled and elderly families.
The impact of the Town Of Islip Affordable Housing Corp is significant, as they are able to prevent homelessness, provide stable housing for those in need, and ensure that families have a decent and safe place to live. With a substantial waiting list of more than 5,000 applicants, the organization plays a crucial role in addressing the housing needs of the community. Their commitment to maintaining and rehabilitating housing units ensures that they can continue to serve low-income families in the future, contributing to the overall well-being of the community.
This information is meant to be a general summary of Town Of Islip Affordable Housing Corp. 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: $11,873
- Program Service Revenue: $1,196,759
- Gross Receipts: $3,201,675
Assets and Liabilities:
- Total Assets: $11,167,900
- Total Liabilities: $700,873
- Net Assets: $10,467,027
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,148,330
LAUNDRY INCOME
Revenue
$24,533
TENANTS
Revenue
$23,896
Organization Details
Founding Year
2016
Phone
(631) 589-7100Principal Officer
Jackie Foster
Main Address
963 MONTAUK HIGHWAY, OAKDALE, NY, 11769
NTEE Category
Code: L21 - Housing
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