Overview
What is Providence Canalside Housing Corporation?
Providence Canalside Housing Corporation is a nonprofit organization situated in Rochester, New York. Primarily, their mission is to offer quality, affordable housing to low-income families. They used to operate a 25-unit low-income housing project in the Town of Lyons, New York. In 2022, the organization undertook a significant change and demolished its existing low-income housing property. However, they continue to hold the title of the vacant land after the demolition. During this transition, they assisted their tenants in relocating to new housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Providence Canalside Housing Corporation has received a solid rating of 79%, reflecting a strong performance in accountability and finance. This rating is based entirely on their Accountability & Finance score, which demonstrates careful oversight and management of resources in their most recent fiscal year, FY2022. The organization has implemented a range of policies, including conflict of interest and whistleblower policies, which contribute to their high score in governance.
One of the standout strengths of Providence Canalside Housing Corporation is its financial management, as evidenced by the program expense ratio of 90.02%. This indicates that a significant portion of their expenditures is directed towards fulfilling their mission rather than administrative costs. Additionally, they have an impeccable liabilities to assets ratio of 0.00%, suggesting a strong financial position and the absence of debt.
While the organization has demonstrated commendable financial practices and transparency, the three-star rating suggests there is room for improvement in areas beyond financial metrics. As they continue to build on their strengths, focusing on broader impact measures and community engagement may enhance their overall effectiveness and rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Canalside Housing Corporation legitimate?
Providence Canalside Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Canalside Housing 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: $0
For more financial information, click here
What is the mission statement of Providence Canalside Housing Corporation?
The Providence Canalside Housing Corporation's mission, prior to the demolition of its low-income housing property in 2022, was to provide high-quality, affordable housing for low-income families. Despite the demolition, the organization retained ownership of the vacant land. In 2022, the corporation aided its tenants in relocating to new housing units.
Who is the CEO of Providence Canalside Housing Corporation?
Mark Greisberger is the President of Providence Canalside Housing Corporation.
What is the revenue of Providence Canalside Housing Corporation?
Providence Canalside Housing Corporation's revenue in 2022 was $598,481.
Who are the executives of Providence Canalside Housing Corporation and what are their salaries?
There 3 volunteers at Providence Canalside Housing Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $71,528
- Other: $2,861
- Compensation: $0
- Related: $141,895
- Other: $5,676
- Compensation: $0
- Related: $132,864
- Other: $13,315
Where can I find the form 990 for Providence Canalside Housing Corporation?
Providence Canalside Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Providence Canalside Housing Corporation
Providence Canalside Housing Corporation, as a nonprofit organization, is dedicated to providing high-quality, affordable housing solutions for low-income families. Their mission is clearly evident in their operation of a 25-unit low-income housing project. In 2022, they demonstrated their commitment by demolishing all existing properties on the land they own. Despite this significant change, the organization continues to hold the title of the vacant land, indicating their ongoing dedication to this cause. In the process of demolition, Providence Canalside Housing Corporation also assisted the displaced tenants in finding new housing, showing their concern for the well-being of the families they serve. The organization's mission to provide affordable housing persists, even in the face of changes, reflecting their steadfast commitment to supporting low-income families.
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Impact
July, 2024
Providence Canalside Housing Corporation's impact includes providing quality affordable housing to low-income families through its operation of a 25-unit low-income housing project in the Town of Lyons, New York. In 2022, the organization demolished all existing low-income housing property but assisted tenants with relocation to new housing. The organization continues to hold the title of the vacant land, fulfilling its mission to support low-income families with access to affordable housing.
This information is meant to be a general summary of Providence Canalside Housing 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.
- Gross Receipts: $598,481
Assets and Liabilities:
- Total Assets: $265,105
- Total Liabilities: $0
- Net Assets: $265,105
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Organization Details
Founding Year
2017
Phone
(585) 328-3210Principal Officer
Mark Greisberger
Main Address
1150 Buffalo Road, Rochester, NY, 14624
NTEE Category
Code: L20 - Housing
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