Overview
What is Selfhelp Realty Group Inc?
Selfhelp Realty Group Inc, based in New York City, is a dedicated nonprofit organization focused on addressing the rising need for affordable housing among the city's aging population. With a mission to continue and expand upon the affordable housing initiatives started by Selfhelp Community Services Inc, they function as developers and sponsors of affordable housing projects. During the recent fiscal year, they generated $916,126 in developer fee revenue through projects like Bergen Place and Wyandanch Rising. The organization currently employs 24 individuals, ensuring their commitment to providing affordable housing solutions for older New Yorkers who wish to maintain their independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Selfhelp Realty Group Inc received a two-star rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and finance practices, there are areas needing improvement. The organization scored 100% in key governance metrics, including independent board membership and conflict of interest policies. However, the liabilities to assets ratio of 80.38% raises concerns about financial stability, impacting the overall score.
The organization shows commitment to good governance, with all board members being independent and maintaining a thorough audit and oversight process. This strong performance in accountability suggests that Selfhelp Realty Group is well-managed in terms of transparency and ethical standards. The program expense ratio of 65.87% indicates a reasonable allocation of resources towards its mission, but this could be enhanced for better effectiveness.
Despite its strengths, the high liabilities to assets ratio highlights a potential risk to financial health, which could affect its ability to sustain programs in the long term. Additionally, the salaries for key personnel, while justifiable in the context of their roles, may raise questions among stakeholders about compensation priorities in relation to program funding. Overall, while the organization has a solid governance framework, addressing its financial vulnerabilities is crucial for future stability and success.
This AI summary has been generated from information found on Charity Navigator.
Is Selfhelp Realty Group Inc legitimate?
Selfhelp Realty Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Selfhelp Realty Group 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: $238,257
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,410,995
For more financial information, click here
What is the mission statement of Selfhelp Realty Group Inc?
Selfhelp Realty Group Inc, originally established to continue and expand the affordable housing activities of Selfhelp Community Services Inc, operates as a developer and sponsor of affordable housing. The organization's primary mission is to create new affordable housing opportunities, catering to the growing number of older individuals in need of affordable housing, allowing them to maintain their independence in their own homes. During the fiscal year, Selfhelp Realty Group Inc earned $916,126 in developer fee revenue, associated with the Bergen Place and Wyandanch Rising housing projects.
Who is the CEO of Selfhelp Realty Group Inc?
Stuart C Kaplan is the Executive Director of Selfhelp Realty Group Inc. The CEO's salary of Selfhelp Realty Group Inc is $0 and their total compensation is $0.
What is the revenue of Selfhelp Realty Group Inc?
Selfhelp Realty Group Inc's revenue in 2022 was $2,962,485.
Who are the executives of Selfhelp Realty Group Inc and what are their salaries?
The average compensation at Selfhelp Realty Group Inc during 2022 was $68,719. There are 24 employees and 12 volunteers at Selfhelp Realty Group Inc.
Here are 17 key members and their salaries (Selfhelp Realty Group Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $194,318
- Related: $0
- Other: $41,498
- Compensation: $161,780
- Related: $0
- Other: $19,793
- Compensation: $144,622
- Related: $0
- Other: $20,866
- Compensation: $113,840
- Related: $0
- Other: $17,638
- Compensation: $0
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- Other: $0
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Where can I find the form 990 for Selfhelp Realty Group Inc?
Selfhelp Realty Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Selfhelp Realty Group Inc
Selfhelp Realty Group Inc, an organization established with the intention to expand upon the affordable housing activities initiated by Selfhelp Community Services Inc, is devoted to acting as a developer and sponsor of affordable housing. The primary mission of Selfhelp Realty Group Inc is to cater to the growing need for affordable housing among older New Yorkers, enabling them to maintain their independence in their own homes. During the fiscal year, the organization generated $916,126 in developer fee revenue, a significant contribution to their projects Bergen Place and Wyandanch Rising.
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Impact
July, 2024
Selfhelp Realty Group Inc's impact lies in its commitment to developing new affordable housing to address the increasing number of older New Yorkers in need of affordable housing. By providing housing options that enable older individuals to remain independent in their homes, Selfhelp Realty Group Inc plays a crucial role in supporting the well-being and quality of life of this vulnerable demographic. Through projects like Bergen Place and Wyandanch Rising, the organization has not only created housing opportunities but also generated developer fee revenue, further sustaining its mission. Overall, Selfhelp Realty Group Inc's efforts contribute to the promotion of affordable housing and the empowerment of older individuals in New York City.
This information is meant to be a general summary of Selfhelp Realty Group 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: $1,121
- Program Service Revenue: $2,237,959
- Gross Receipts: $2,962,485
Assets and Liabilities:
- Total Assets: $3,679,079
- Total Liabilities: $2,877,283
- Net Assets: $801,796
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SOCIAL SERVICES
Revenue
$1,321,833
DEVELOPER FEES
Revenue
$916,126
Organization Details
Founding Year
2018
Phone
(212) 971-7606Principal Officer
Stuart C Kaplan
Main Address
520 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY, 10018
NTEE Category
Code: L22 - Housing
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