nonprofit logo

Town Of Islip Affordable Housing Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 813657150 ✦ Oakdale, NY ✦ Designated as a 501(c)(3)

Overview

What is Town Of Islip Affordable Housing Corp?

The Town Of Islip Affordable Housing Corp, based in Oakdale, New York, is a nonprofit organization dedicated to providing affordable housing for low and very low-income families. Established in 2017, the corporation manages four housing facilities and serves approximately 60-75 new families annually due to tenant turnovers. The housing corporation assists families who previously lived in unaffordable or substandard housing, providing a safe and suitable living environment for an average of 550 residents. The tenant population is primarily made up of elderly and disabled families, with a waiting list exceeding 5,000 applicants. The rent for these families is subsidized at an average of $275 per month, and the housing units are recognized as high performers in the U.S. Department of HUD rating system. The corporation also invests in unit rehabilitation and maintains an infrastructure replacement reserve to ensure the continuity of affordable housing for the most vulnerable population. Bi-lingual case managers are employed to provide ancillary services and promote an aging-in-place ability for the elderly population. The families served by the program may otherwise be homeless, living in unsafe housing, or facing relocation to another state.


Is Town Of Islip Affordable Housing Corp legitimate?

Town Of Islip Affordable Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Town Of Islip Affordable Housing 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.

Here 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


What is the mission statement of Town Of Islip Affordable Housing Corp?
Who is the CEO of Town Of Islip Affordable Housing Corp?
What is the revenue of Town Of Islip Affordable Housing Corp?
Who are the executives of Town Of Islip Affordable Housing Corp and what are their salaries?
Where can I find the form 990 for Town Of Islip Affordable Housing Corp?

Mission Statement of Town Of Islip Affordable Housing Corp

The Town of Islip Affordable Housing Corp is dedicated to delivering decent, safe, and affordable housing to eligible low and very low-income family applicants. Their mission is to maintain an overall commitment to the local communities and governmental entities within their jurisdiction, aiming to promote adequate and affordable housing, economic opportunity, and a suitable living environment free from discrimination. The organization strives for effective and efficient housing delivery, ensuring that eligible families have access to the essentials they need to live comfortably. By promoting affordable housing, the Town of Islip Affordable Housing Corp contributes to the well-being of its communities, providing a suitable living environment that fosters a sense of belonging and equality.

Impact

This information is meant to be a general summary of Town Of Islip Affordable Housing Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

The Town Of Islip Affordable Housing Corp provides essential housing for low and very low-income families in Oakdale, NY. They offer a safe and affordable living environment, helping families who were previously living in inadequate or unaffordable housing situations. Through their management agent, the organization serves approximately 60-75 new families each year, with a tenant population of around 550 individuals, including disabled and elderly families.

The impact of the Town Of Islip Affordable Housing Corp is significant, as they are able to prevent homelessness, provide stable housing for those in need, and ensure that families have a decent and safe place to live. With a substantial waiting list of more than 5,000 applicants, the organization plays a crucial role in addressing the housing needs of the community. Their commitment to maintaining and rehabilitating housing units ensures that they can continue to serve low-income families in the future, contributing to the overall well-being of the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $11,873
  • Program Service Revenue: $1,196,759
  • Gross Receipts: $3,201,675

    • Assets and Liabilities:
  • Total Assets: $11,167,900
  • Total Liabilities: $700,873
  • Net Assets: $10,467,027
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL REVENUE

    Revenue

    $1,148,330

    LAUNDRY INCOME

    Revenue

    $24,533

    TENANTS

    Revenue

    $23,896

    Organization Details

    Founding Year

    2016

    Principal Officer

    Jackie Foster

    Main Address

    963 MONTAUK HIGHWAY, OAKDALE, NY, 11769

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Town Of Islip Affordable Housing Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.