Overview
What is Tarrytown Road Development Corporation?
Tarrytown Road Development Corporation is a nonprofit organization, situated in Manchester, New Hampshire, specifically at 198 Hanover Street, 03104. Their primary focus lies within the real estate sector, specifically in the rental and leasing of residential buildings and dwellings. This means they provide housing solutions for individuals and families, acting as lessors in these transactions. The organization's mission and activities revolve around the real estate and rental industry, offering solutions related to residential properties.
Official website here: www.manchesterhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Tarrytown Road Development Corporation has received a Three-Star rating from Charity Navigator, reflecting a solid score of 79%. This rating is primarily based on the organization’s Accountability and Finance score. The charity demonstrates commendable practices, such as having a fully independent board and thorough financial audits, which contribute positively to its governance and financial integrity.
The organization excels in various accountability metrics, scoring full points for its independent board size, financial statement audits, and the absence of material asset diversion. Additionally, it effectively posts its tax documents online, which enhances transparency. However, there are notable areas for improvement, particularly the lack of a whistleblower policy and a document retention and destruction policy, which could be essential for ensuring organizational accountability.
Financially, Tarrytown Road Development Corporation exhibits a strong program expense ratio of 100%, indicating that all of its expenses are directed towards its programs. Despite this, its liabilities to assets ratio of 62.06% suggests that the organization has a relatively high level of liabilities compared to its assets, which may warrant further scrutiny regarding its financial health. Overall, while the organization demonstrates strong governance practices, addressing the identified weaknesses could enhance its operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Tarrytown Road Development Corporation legitimate?
Tarrytown Road Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tarrytown Road Development 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: $176,824
For more financial information, click here
Official website here: www.manchesterhousing.org
What is the mission statement of Tarrytown Road Development Corporation?
Tarrytown Road Development Corporation's primary focus lies in the real estate sector, specifically in leasing residential properties and dwellings. Their mission, in essence, revolves around this realm. They provide dwellings for individuals and families, acting as lessors in the residential real estate market. This corporation's activities are primarily centered around the leasing of residential buildings, thereby contributing to the housing market and providing living spaces for various populations.
Official website here: www.manchesterhousing.org
Who is the CEO of Tarrytown Road Development Corporation?
Mike Lopez is the Chair of Tarrytown Road Development Corporation.
Official website here: www.manchesterhousing.org
What is the revenue of Tarrytown Road Development Corporation?
Tarrytown Road Development Corporation's revenue in 2023 was $997,355.
Official website here: www.manchesterhousing.org
Who are the executives of Tarrytown Road Development Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.manchesterhousing.org
Where can I find the form 990 for Tarrytown Road Development Corporation?
Tarrytown Road Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.manchesterhousing.org
Learn more at the official website: www.manchesterhousing.org
Mission Statement of Tarrytown Road Development Corporation
Tarrytown Road Development Corporation, as per its mission description, is primarily engaged in the real estate sector, specifically in the rental and leasing of residential buildings and dwellings. This nonprofit organization's primary objective is to provide housing solutions, acting as lessors of residential properties. Through its activities, Tarrytown Road Development Corporation contributes to the housing market by offering residential buildings and dwellings for lease, thereby catering to the housing needs of various individuals and families.
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Impact
July, 2024
Tarrytown Road Development Corporation's impact lies in providing residential buildings and dwellings for rent, contributing to the availability of housing in the city of Manchester, NH. Through their real estate activities, they play a vital role in offering housing options for individuals and families in need of rental accommodations. Their mission focuses on providing quality residential spaces for the community, addressing the demand for housing in the area.
This information is meant to be a general summary of Tarrytown Road Development 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 2023.
- Investment Income: $5,081
- Program Service Revenue: $992,274
- Gross Receipts: $997,355
Assets and Liabilities:
- Total Assets: $1,457,003
- Total Liabilities: $904,221
- Net Assets: $552,782
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DWELLING RENT
Revenue
$983,111
OTHER INCOME
Revenue
$9,163
Organization Details
Founding Year
2020
Phone
(603) 624-2100Principal Officer
Mike Lopez
Main Address
198 HANOVER STREET, MANCHESTER, NH, 03104
Website
www.manchesterhousing.orgNTEE Category
Code: L20 - Housing
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