Mamaroneck Senior Citizens Apartmt Housing Development Fund Corp
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO CONSTRUCT NEW HOUSING AND IMPROVE EXISTING HOUSING FOR LOW AND MODERATE INCOME RESIDENTS IN MAMARONECK, NEW YORK.
- Income
- $102,622
- Spending
- $1,004
- Largest source of income
- fees for its services, 100%
- Employees
- 0
- Highest pay
- $534,607, president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 92 out of 100.
Independent board
18 of 253 of 3 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- Affordable Housing Development Planning - Mamaroneck, NY During the tax year, the organization did not conduct direct program services but remained actively engaged in furthering its exempt purpose of promoting affordable housing. The organization is currently focused on identifying and developing opportunities to support affordable housing initiatives specifically within the Village of Mamaroneck, New York. Key activities included: - Conducting preliminary research and feasibility assessments for potential housing development sites in Mamaroneck. - Engaging with local government officials, housing advocates, and nonprofit partners to explore collaborative solutions to address housing affordability. - Reviewing zoning ordinances, funding mechanisms, and regulatory frameworks to support future development efforts. Although no housing units were developed or managed during the reporting period, the organization is actively working toward launching program services in the upcoming fiscal year. These efforts are consistent with the organization's charitable mission and demonstrate ongoing operational intent to serve the public interest. All investment income earned during the year has been earmarked and reserved exclusively for future affordable housing projects. These funds will be used to support planning, acquisition, development, or other programmatic activities aligned with the organization's exempt purpose. No part of the organization's net earnings has inured to the benefit of any private individual or entity, and no private benefit has occurred or will occur in connection with its housing development activities.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 1984.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.