Chinatown Planning Council Housing Development Fund Company Inc
Overview
Mission
The organization operates an aparment building with units rented exclusively to senior citizens who qualify under hud guidelines.
What it reported doing in 2024
To provide housing to low income senior citizens. The organization owns and operates a 156-unit apartment building located at 50 norfolk street, New York, New York.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.
Nonprofit profile at a glance
- EIN
- 133020595
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990 2021, Form 990-EZ 2024
- Headquarters
- New York, NY, USA
- Phone
- 2127925319
- Rating confidence
- Limited
- Sector
- Housing Development, Construction, Management
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: 38
- Transparency & Controls: 82
- Sustainability: 7
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 150% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: -13.7% per year; rating input score 0; 20th percentile among comparable filings
- Asset growth: -23.6% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $388K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 annual filings from 2022 to 2024
- Contacts: How to reach this organization
- Related organizations: 13 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
12 people listed
Source: IRS Form 990-EZ. Selected filing: FY2024.