Overview
What is 1415 Wythe Housing Development Fund Corp?
1415 Wythe Housing Development Fund Corp is a nonprofit organization situated in New York City, specifically at 247 West 37th Street, 4th Floor. Their primary focus is on serving the community of Mount Eden and the tenants residing in 1415-1417 Walton Avenue, offering a variety of social programs. These programs are managed by the Crenulated Company Ltd. The organization's mission is to provide year-round assistance to individuals in the Mount Eden neighborhood and the tenants of the specified Walton Avenue buildings. They offer approximately 20 social programs, contributing positively to the local community.
Official website here: www.newsettlementcommunitycenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%)
The 1415 Wythe Housing Development Fund Corp has received a two-star rating from Charity Navigator, indicating a need for improvement in their overall performance. With an accountability and finance score of 66%, the organization demonstrates some strengths in financial oversight, including a high program expense ratio of 96.85%, which suggests that a significant portion of their expenses supports their mission. However, the lack of independent board members raises concerns about governance and accountability.
While the organization has established several important policies—such as conflict of interest, whistleblower, and document retention policies—they fall short in some areas. Notably, the nonprofit has not posted its tax forms on its website, which affects transparency and access to information for stakeholders. Furthermore, the liabilities to assets ratio is notably high at 104.70%, indicating potential financial instability.
Overall, while the organization shows commitment to its programs, the lack of independent oversight and transparency in financial reporting are significant limitations that need to be addressed for the organization to improve its rating and trustworthiness in the eyes of donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is 1415 Wythe Housing Development Fund Corp legitimate?
1415 Wythe Housing Development Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1415 Wythe Housing Development Fund 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
Official website here: www.newsettlementcommunitycenter.org
What is the mission statement of 1415 Wythe Housing Development Fund Corp?
The 1415 Wythe Housing Development Fund Corp is committed to serving individuals indefinitely, primarily focusing on the community residing near 1415-1417 Walton Ave. Their mission, as stated, is to provide year-round services to these individuals through approximately 20 social programs overseen by the Crenulated Company Ltd. The organization aims to support and uplift this community by offering various social programs aimed at enhancing their quality of life.
Official website here: www.newsettlementcommunitycenter.org
Who is the CEO of 1415 Wythe Housing Development Fund Corp?
Alexa Sewell is the President of 1415 Wythe Housing Development Fund Corp.
Official website here: www.newsettlementcommunitycenter.org
What is the revenue of 1415 Wythe Housing Development Fund Corp?
1415 Wythe Housing Development Fund Corp's revenue in 2022 was $1,306,543.
Official website here: www.newsettlementcommunitycenter.org
Who are the executives of 1415 Wythe Housing Development Fund Corp and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $286,870
- Other: $37,820
- Compensation: $0
- Related: $167,946
- Other: $14,671
- Compensation: $0
- Related: $124,221
- Other: $38,578
Official website here: www.newsettlementcommunitycenter.org
Where can I find the form 990 for 1415 Wythe Housing Development Fund Corp?
1415 Wythe Housing Development Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newsettlementcommunitycenter.org
Learn more at the official website: www.newsettlementcommunitycenter.org
Mission Statement of 1415 Wythe Housing Development Fund Corp
1415 Wythe Housing Development Fund Corp, as indicated by their mission statement, is committed to serving the community in Mt. Eden and the tenants residing at 1415-1417 Walton Ave. year-round. The organization carries out this mission through approximately 20 social programs, which are facilitated by Crenulated Company Ltd. The primary focus of these programs is to provide essential services to the individuals within this neighborhood, ensuring their well-being and overall improvement. These services cater to various aspects of their lives, thereby creating a positive impact on the community as a whole.
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Impact
July, 2024
1415 Wythe Housing Development Fund Corp's impact is significant in providing essential services year-round to individuals in the Mt. Eden neighborhood and the tenants of 1415-1417 Walton Ave in New York. Through approximately 20 social programs offered by the Crenulated Company Ltd., this organization plays a crucial role in supporting the community and promoting well-being. Their mission to provide housing and services underscores their commitment to improving the lives of those they serve.
This information is meant to be a general summary of 1415 Wythe Housing Development Fund 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.
- Program Service Revenue: $1,209,368
- Gross Receipts: $1,306,543
Assets and Liabilities:
- Total Assets: $49,572,069
- Total Liabilities: $51,906,671
- Net Assets: -$2,334,602
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,209,368
Organization Details
Founding Year
2019
Phone
(212) 265-6530Principal Officer
Alexa Sewell
Main Address
247 WEST 37TH ST 4TH FL, NEW YORK, NY, 10018
NTEE Category
Code: L80 - Housing
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