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New York BBB Wise Giving Report for
Settlement Housing Fund

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
04/2016
Name:
Settlement Housing Fund
Address:
247 West 37th Street
4th Floor
New York, NY 10018
Phone:
212-265-6530
Year, State Incorporated:
1969, New York
Affiliates:
None
Stated Purpose:
" Settlement Housing Fund's mission is to develop ethnically and economically diverse affordable housing in New York City, to maintain that housing in excellent repair, and to create a wide array of programs and amenities for its residents and the surrounding community. As a result, Settlement Housing Fund strengthens neighborhoods and provides opportunities for upward mobility for homeless and low to moderate income families. "






Evaluation Conclusions
 

              
Settlement Housing Fund meets the 20 Standards for Charity Accountability.




Programs
 

              
Since 1969, Settlement Housing Fund has developed 57 projects with over 8,700 apartments -- rentals, cooperatives, and two-family houses -- that are home to more than 25,000 low and middle income residents, including formerly homeless people. Whenever possible, we incorporate commercial developments and community programs for children, young adults and families that provide opportunities for educational success and upward mobility. All our work involves sustainable rental housing and truly affordable home ownership opportunities. Through affiliates, we currently own 31 buildings with 1,750 apartments. Our newest development, Semiperm, is providing formerly homeless single parent families with supportive housing that prepares them for independent living. The completed buildings in our portfolio are well maintained by management agents and our professional staff, and are economically successful because of careful budgeting.



Governance
 

              
Chief Executive Officer:
Ms. Alexa Sewell, Executive Director
Compensation*:
$245,000
Chair of the Board:
Mr. Charles S. Warren
Chair's Profession / Business Affiliation:
Kramer, Levin Naftalis & Frankel LLP
Board Size:
20
Paid Staff Size:
41



Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct Mail Appeals, Telephone Appeals, Invitations To Fundraising Events, Print Advertisements (Newspapers, Magazines, etc.), Grant Proposals, Internet.
Fundraising costs were 2% of related contributions. (Related contributions, which totaled $12,896,034, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on Settlement Housing Fund's Audited Financial Statements for the fiscal year ended December 31, 2012.

Source of Funds  

Net Rental Income

$13,649,751

Grants and Contributions

12,669,239

Program and Other Fees

690,542

Other Revenue

490,789

Interest & Dividend Income

265,781

Special Events, net cost $81,628

226,795

Realized & Unrealized Gain of Investments

53,990

Loss on Sale of Building

(567,071)

Total Income

$27,479,816

Program Expenses  

Housing

$16,361,611

Developing & Technical Assistance

7,256,408
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

23,618,019
255,213
2,681,257

$26,554,489

$925,327




Uses of Funds as a % of Total Expenses


Programs: 89%  Fund Raising: 1%  Administrative 10% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $17,916,691
Ending net assets 18,842,018
Total liabilities 61,666,655

Total assets

$80,508,673






 

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This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.