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Chasdei Rivka Rochel Inc

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

EIN: 020547475 ✦ Lakewood, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Chasdei Rivka Rochel Inc?

Chasdei Rivka Rochel Inc is a nonprofit organization dedicated to offering aid to individuals in financial distress. They accomplish this mission by providing grants either directly or through supported organizations. These grants can take various forms, such as monetary assistance, food, clothing, or other essential items. In addition, the organization donates bridal gowns to individuals who cannot afford them. Chasdei Rivka Rochel Inc also extends its support to publicly-backed charitable organizations, providing interest-free loans to those in need. Their objective is to alleviate financial hardships and contribute positively to their community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 20%, Zero-Star out of Four Star rating.

Chasdei Rivka Rochel Inc has received a low rating from Charity Navigator, primarily due to significant deficiencies in its Accountability & Finance practices. The charity's overall score is heavily influenced by its low scores in areas such as program expense ratio, which was recorded at 0.00%, indicating that no funds were allocated to its programs. Furthermore, the organization has not provided essential governance documents, including a conflict of interest policy and whistleblower policy, which are critical for transparency and accountability.

On a slightly positive note, the organization does have a fully independent board, which reflects some level of governance integrity. However, the board's size raises concerns, as there is only one independent member. The absence of board meeting minutes further diminishes the charity's accountability, as it suggests a lack of documented oversight and decision-making processes.

Overall, while the organization demonstrates some strengths in having independent board members, the significant gaps in essential policies and a complete absence of program expenses raise serious questions about its operational effectiveness and financial practices. The low rating suggests potential donors should exercise caution and seek further clarification before contributing.


This AI summary has been generated from information found on Charity Navigator.

Is Chasdei Rivka Rochel Inc legitimate?

Chasdei Rivka Rochel Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chasdei Rivka Rochel Inc 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.


Heare 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 Chasdei Rivka Rochel Inc?

Chasdei Rivka Rochel Inc's mission is centered around providing assistance to individuals in need. They achieve this by granting funds, either directly or through supported organizations, to publicly recognized charitable organizations that operate solely for benevolent purposes. The grants can be in the form of monetary aid, food, clothing, or essential items, or they may offer interest-free loans to those experiencing financial hardships. The organization's goal is to support persons in need, enhancing their livelihoods and improving their overall well-being.

Who is the CEO of Chasdei Rivka Rochel Inc?

Moshe Kalter is the President of Chasdei Rivka Rochel Inc.

What is the revenue of Chasdei Rivka Rochel Inc?

Chasdei Rivka Rochel Inc's revenue in 2022 was $18,291.

Who are the executives of Chasdei Rivka Rochel Inc and what are their salaries?


Here are 2 key members and their salaries:


Moshe Kalter (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frady Kalter (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Chasdei Rivka Rochel Inc?

Chasdei Rivka Rochel Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Chasdei Rivka Rochel Inc

Chasdei Rivka Rochel Inc, a nonprofit organization, is committed to providing assistance to those in need. Their mission is twofold: they provide grants directly or through supported organizations, and they make donations to publicly recognized charitable organizations that operate exclusively for charitable purposes. This support can take various forms, including the distribution of financial aid, food, clothing, or necessary items to individuals facing financial struggles. Additionally, the organization offers interest-free loans to people in need, aiming to alleviate their financial burdens. In essence, Chasdei Rivka Rochel Inc is dedicated to extending a helping hand to those who are less fortunate, providing them with the resources they need to overcome their financial challenges.

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Impact




August, 2024

Chasdei Rivka Rochel Inc's impact is felt through its direct assistance to individuals in financial need. By providing grants of money, food, clothing, and other necessary items, as well as donating bridal gowns to those who cannot afford them, the organization plays a crucial role in supporting individuals facing economic challenges. Through its mission to provide grants either directly or through supported organizations, Chasdei Rivka Rochel Inc contributes to the well-being and dignity of those in need in the community.




This information is meant to be a general summary of Chasdei Rivka Rochel Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$18,291 (2022)
Expenses
$6,051 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $13,157
  • Gross Receipts: $18,291

Assets and Liabilities:

  • Total Assets: $232,443
  • Total Liabilities: $4,000
  • Net Assets: $228,443

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Organization Details

Principal Officer

Moshe Kalter

Main Address

227 PRIVATE WAY, LAKEWOOD, NJ, 08701

NTEE Category

Code: T30 - Philanthropy

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