Overview
What is Andrews Avenue South Housing Development Fund Company Inc?
Andrews Avenue South Housing Development Fund Company Inc is a nonprofit organization situated in New York City, specifically at 135 W 50TH STREET, 9TH FLOOR. Their primary mission is to cater to the housing needs of low-income and formerly homeless senior citizens. They are dedicated to developing and operating a housing project that provides suitable living spaces for individuals within this demographic. By doing so, they aim to contribute positively to their community, ensuring that senior citizens have access to safe and comfortable living environments.
Official website here: www.voa-gny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Andrews Avenue South Housing Development Fund Company Inc has achieved an impressive 97% rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The charity's score is derived solely from a robust accountability rating, with significant strengths in board independence and financial transparency. The organization has 100% independent board members and has demonstrated no material diversion of assets, which enhances its credibility and trustworthiness.
The nonprofit excels in various operational areas, including having a comprehensive conflict of interest policy and whistleblower policy in place, both of which contribute to ethical governance. Additionally, the organization maintains a favorable liabilities to assets ratio of 45.19%, indicating sound financial management. Its program expense ratio stands at 87.08%, suggesting that the majority of its resources are directed towards fulfilling its mission and services.
While the ratings indicate strong performance in governance and financial health, there are no reported limitations or concerns in the available data. Overall, Andrews Avenue South Housing Development Fund Company Inc appears to be a well-managed and responsible organization dedicated to its goals and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Andrews Avenue South Housing Development Fund Company Inc legitimate?
Andrews Avenue South Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Andrews Avenue South Housing Development Fund Company 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.voa-gny.org
What is the mission statement of Andrews Avenue South Housing Development Fund Company Inc?
The mission of Andrews Avenue South Housing Development Fund Company Inc is centered around developing and operating a housing project, catering to individuals of low income. This organization is committed to providing housing solutions for this specific demographic, including formerly homeless senior citizens. Their primary objective is to contribute positively to the living conditions of these individuals, aiming to make a meaningful impact on their daily lives.
Official website here: www.voa-gny.org
Who is the CEO of Andrews Avenue South Housing Development Fund Company Inc?
Michael Solana is the President of Andrews Avenue South Housing Development Fund Company Inc.
Official website here: www.voa-gny.org
What is the revenue of Andrews Avenue South Housing Development Fund Company Inc?
Andrews Avenue South Housing Development Fund Company Inc's revenue in 2022 was $39,436.
Official website here: www.voa-gny.org
Who are the executives of Andrews Avenue South Housing Development Fund Company Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $371,085
- Other: $100,091
- Compensation: $0
- Related: $262,017
- Other: $85,273
- Compensation: $0
- Related: $168,018
- Other: $61,333
- Compensation: $0
- Related: $161,851
- Other: $38,344
- Compensation: $0
- Related: $124,479
- Other: $67,722
- Compensation: $0
- Related: $155,977
- Other: $30,906
Official website here: www.voa-gny.org
Where can I find the form 990 for Andrews Avenue South Housing Development Fund Company Inc?
Andrews Avenue South Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.voa-gny.org
Learn more at the official website: www.voa-gny.org
Mission Statement of Andrews Avenue South Housing Development Fund Company Inc
Andrews Avenue South Housing Development Fund Company Inc, as its name suggests, is dedicated to a noble cause. Its primary mission is to develop and operate a housing project, catering to individuals of low income. This organization goes beyond just providing housing; it focuses on low-income senior citizens, offering them a place to call home. Furthermore, the company also extends its services to formerly homeless senior citizens, providing them with a secure and supportive living environment. By developing housing for this specific demographic, Andrews Avenue South Housing Development Fund Company Inc aims to contribute positively to their lives, enabling them to live with dignity and independence.
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Impact
August, 2024
Andrews Avenue South Housing Development Fund Company Inc's impact lies in its commitment to developing and operating housing projects for low-income and formerly homeless senior citizens in New York City. By focusing on providing affordable housing options for those in need, this organization plays a vital role in improving the lives of vulnerable members of the community. Through its mission to create safe and stable housing opportunities, Andrews Avenue South Housing Development Fund Company Inc contributes to the overall enhancement of the community and promotes social welfare.
This information is meant to be a general summary of Andrews Avenue South Housing Development Fund Company 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.
- Gross Receipts: $39,436
Assets and Liabilities:
- Total Assets: $115,213
- Total Liabilities: $52,067
- Net Assets: $63,146
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Organization Details
Founding Year
2019
Phone
(212) 496-4314Principal Officer
Michael Solana
Main Address
135 W 50TH STREET 9TH FLOOR, NEW YORK, NY, 10020
Website
www.voa-gny.orgNTEE Category
Code: S80 - Community improvement
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