The Joseph M D'assern Housing Corporation

Overview

Mission

The joseph m. D'assern housing corp ("the housing corp") apartments at the children's village have been developed and are maintained for the benefit of employees and their immediate families and/or interns of the children's village. The housing corp under the auspices of the children's village and New York state division of housing and community renewal oversee the apartments built in 1969. The housing corp is a non-stock, non profit housing company duly organized and existing under the provisions of article ii of the New York state private housing and finance law and is tax exempt under the provisions of the internal revenue code.

What it reported doing in 2023

The joseph m. D'assern housing apartments at the children's village have been developed and are maintained for the benefit of employees and/or students of the children's village and their immediate families. There are 112 apartments ranging from 2 1/2 to 5 1/2 rooms (studio to 3 bedrooms).

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

Nonprofit profile at a glance

EIN
132631083
IRS 990 coverage
2011–2023
Forms available
Form 990 2023
Headquarters
Dobbs Ferry, NY, USA
Phone
9146930600
Rating confidence
Limited

The verdict

- This form does not report enough financial and governance detail to rate the organization. That is normal for this form and is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 60
  • Accountability: 74
  • Sustainability: 39
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 71.4%; rating input score 71; 15th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.1%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 1.8; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 1.72; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 7.4%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: -4.2% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 5 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $667K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 13 annual filings from 2011 to 2023
  • Contacts: How to reach this organization
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

8 people listed

Highest reported compensation

  • JEREMY KOHOMBAN (CHAIR/CEO): $667,276 total reported compensation
  • RICHARD GOERG (TREASURER/CFO): $359,908 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.