Overview
What is Purchase Housing Corporation Ii?
Purchase Housing Corporation II is a nonprofit organization based in Purchase, New York, specifically located at 735 Anderson Hill Road. Its primary mission is to support Purchase College, State University of New York, by acquiring, leasing, constructing, renovating, and maintaining residential and other facilities for the college's students and faculty. In August 2019, they completed a 310-unit junior suite-style hall project on a 4-acre land, which is now fully occupied. The corporation's activities contribute to the overall well-being and accommodation of the students and faculty at Purchase College.
Official website here: www.purchase.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Purchase Housing Corporation II has received a commendable rating of 81%, reflecting solid accountability and financial practices. The score primarily stems from their robust performance in accountability and finance, demonstrating a commitment to transparency and responsible management of resources.
The organization boasts a fully independent board, achieving maximum points in governance, which indicates a strong commitment to impartial oversight. Positive aspects also include comprehensive financial statements and the presence of essential policies such as conflict of interest and whistleblower protections, contributing to a trustworthy operational framework.
Despite the positive outlook, the overall score is solely based on financial accountability, with no additional beacons assessing other dimensions like impact or program effectiveness. This leaves some ambiguity regarding the organization’s broader efficacy and impact on its mission. However, the high program expense ratio suggests that a significant portion of their resources is directed towards their core activities.
This AI summary has been generated from information found on Charity Navigator.
Is Purchase Housing Corporation Ii legitimate?
Purchase Housing Corporation Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Purchase Housing Corporation Ii 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: $386,094
For more financial information, click here
Official website here: www.purchase.edu
What is the mission statement of Purchase Housing Corporation Ii?
Purchase Housing Corporation II's mission is to support the objectives of Purchase College, State University of New York. This is achieved by acquiring, leasing, constructing, renovating, and maintaining residential and other facilities for the benefit of the students and faculty at Purchase College. The corporation's primary goal is to contribute to the college's purpose in a tangible way. Recently, they completed a project, constructing a 310-unit junior suite-style hall on approximately 4 acres of land. This new building, opened in August 2019, is now fully occupied.
Official website here: www.purchase.edu
Who is the CEO of Purchase Housing Corporation Ii?
Sarah James is the Secretary of Purchase Housing Corporation Ii.
Official website here: www.purchase.edu
What is the revenue of Purchase Housing Corporation Ii?
Purchase Housing Corporation Ii's revenue in 2022 was $4,018,151.
Official website here: www.purchase.edu
Who are the executives of Purchase Housing Corporation Ii and what are their salaries?
There 7 volunteers at Purchase Housing Corporation Ii.
Here are 8 key members and their salaries:
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Official website here: www.purchase.edu
Where can I find the form 990 for Purchase Housing Corporation Ii?
Purchase Housing Corporation Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.purchase.edu
Learn more at the official website: www.purchase.edu
Mission Statement of Purchase Housing Corporation Ii
Purchase Housing Corporation II, as a supporting entity for Purchase College, State University of New York, is committed to furthering its objectives by acquiring, leasing, constructing, renovating, and maintaining various residential and other facilities. These facilities are intended for the use of the college's students and faculty. The corporation demonstrates this mission by completing a 310-junior suite-style hall project on a 4-acre plot of land. This construction project, which was completed in August 2019 and is now fully occupied, exemplifies Purchase Housing Corporation II's dedication to enhancing the living and learning environment for the students and faculty of Purchase College, State University of New York.
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Impact
July, 2024
Purchase Housing Corporation II's impact lies in its direct support of Purchase College, State University of New York, by providing essential residential facilities for students and faculty. Specifically, the corporation's construction of a 310 junior suite-style hall project has significantly enhanced the campus infrastructure and contributed to the overall student experience. By fully occupying the building since its opening in August 2019, Purchase Housing Corporation II has effectively met the accommodation needs of the college community, fostering a conducive living and learning environment. Through its mission-driven approach, this organization plays a vital role in supporting educational endeavors at Purchase College, State University of New York.
This information is meant to be a general summary of Purchase Housing Corporation Ii. 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: $41
- Program Service Revenue: $4,018,110
- Gross Receipts: $4,018,151
Assets and Liabilities:
- Total Assets: $32,136,677
- Total Liabilities: $31,054,685
- Net Assets: $1,081,992
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROOM RENTALS
Revenue
$4,018,110
Organization Details
Founding Year
2018
Phone
(914) 251-6045Principal Officer
Sarah James
Main Address
735 ANDERSON HILL ROAD, PURCHASE, NY, 10577
Website
www.purchase.eduNTEE Category
Code: B80 - Education
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