Stoney Pine Charities Housing Corporation

Overview

Stoney Pine Charities Housing Corporation is a nonprofit organization dedicated to providing affordable housing options, particularly focusing on housing development, construction, and management in the realm of low-income and special needs housing. The organization operates under the National Taxonomy of Exempt Entities (NTEE) category for Housing, Shelter, and Housing Development[1]. It is recognized as a tax-exempt organization, meaning donations to this corporation are deductible from federal income taxes.

Projects and Services

One of the notable projects associated with Stoney Pine Charities Housing Corporation is Stoney Pine Villa, a 23-unit apartment complex located in Sunnyvale, California. This facility is specifically designed for individuals with developmental disabilities. The project was supported by a funding reservation from the Department of Housing and Urban Development (HUD) under the Section 811 Capital Advance Program. Community involvement played a crucial role in its development, including focus groups and family input to tailor services and amenities to the residents' needs. The complex is managed with support from service providers like Employment & Community Options, emphasizing independent living for its residents[2][4].

Financial Overview

In recent years, Stoney Pine Charities Housing Corporation has derived the majority of its revenue from contributions and program services. For example, in fiscal year 2021, contributions accounted for approximately 59.9% of total revenue, while program services contributed about 40%[1]. The organization's expenses are aligned with its mission to deliver affordable housing solutions effectively.

Ratings and Recognition

Stoney Pine Charities Housing Corporation has received a rating of 3 out of 4 stars on Charity Navigator, reflecting its operational efficiency and impact in delivering affordable housing solutions[5].

Affiliations and Partnerships

While specific details on affiliations are not detailed, Stoney Pine Charities Housing Corporation operates within a broader context of affordable housing initiatives. Its mission aligns with organizations committed to providing housing for low-income individuals and those with special needs[3][4].