Overview
What is Shuhab Hdfc?
Shuhab HDFC is a nonprofit organization situated in New York City, specifically at 247 W 37th Street, 4th Floor, New York, NY 10018. Their primary mission is to address the housing needs of low and moderate-income individuals and families in New York City. To accomplish this, they purchase, develop, and manage affordable housing complexes within the city. This commitment to affordable housing is a vital part of their activity and mission.
Official website here: www.newsettlementcommunitycenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
Shuhab Hdfc has received a Two-Star rating from Charity Navigator, indicating that while the organization shows some strengths in their program expenses, overall accountability and financial health could be improved. The organization scored well in areas such as having an Audit and Oversight Committee and maintaining a conflict of interest policy, reflecting a commitment to governance. However, the absence of independent board members and a concerning liabilities-to-assets ratio raise questions about financial stability and oversight.
The organization allocates a significant portion of its expenses—96.41%—towards programs, which is a positive indicator of its operational focus. Conversely, the lack of transparency in financial statements, particularly the missing tax form on its website, may hinder stakeholders' ability to assess the nonprofit fully. This gap shows that there is room for improvement in communication and accountability practices.
Additionally, the salaries of key personnel are notably high, which could raise concerns among donors about compensation relative to the nonprofit's overall financial health. While Shuhab Hdfc demonstrates some commitment to accountability with listed policies and board meeting minutes, the overall rating suggests that there are significant areas that require attention to enhance transparency and stability.
This AI summary has been generated from information found on Charity Navigator.
Is Shuhab Hdfc legitimate?
Shuhab Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shuhab Hdfc 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
Official website here: www.newsettlementcommunitycenter.org
What is the mission statement of Shuhab Hdfc?
Shuhab Hdfc is an organization committed to providing affordable housing solutions for low and moderate income individuals and families. Its mission is to acquire, develop, and manage housing complexes that cater to this demographic, ensuring they have access to decent living spaces in their community. By offering affordable housing options, Shuhab Hdfc aims to contribute to a more inclusive and equitable society, where everyone has the opportunity to live with dignity and security.
Official website here: www.newsettlementcommunitycenter.org
Who is the CEO of Shuhab Hdfc?
Alexa Sewell is the President of Shuhab Hdfc.
Official website here: www.newsettlementcommunitycenter.org
What is the revenue of Shuhab Hdfc?
Shuhab Hdfc's revenue in 2022 was $1,624,865.
Official website here: www.newsettlementcommunitycenter.org
Who are the executives of Shuhab Hdfc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $286,870
- Other: $37,820
- Compensation: $0
- Related: $124,221
- Other: $38,578
- Compensation: $0
- Related: $167,946
- Other: $14,671
Official website here: www.newsettlementcommunitycenter.org
Where can I find the form 990 for Shuhab Hdfc?
Shuhab Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newsettlementcommunitycenter.org
Learn more at the official website: www.newsettlementcommunitycenter.org
Mission Statement of Shuhab Hdfc
Shuhab HDFC, a nonprofit organization, is dedicated to providing affordable housing solutions for low and moderate-income individuals and families in New York City. This mission is carried out through purchasing, developing, and managing housing complexes that cater to this specific demographic. By offering affordable housing options, Shuhab HDFC aims to contribute to the well-being and stability of these communities, ensuring that everyone has access to a decent place to live.
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Impact
July, 2024
Shuhab Hdfc's impact lies in providing affordable housing to low and moderate-income individuals and families in New York City. Through the purchase, development, and management of housing complexes tailored to meet the needs of this demographic, Shuhab Hdfc plays a crucial role in addressing the housing challenges faced by many in the city. By offering quality housing options at affordable rates, Shuhab Hdfc contributes to improving the living conditions and stability of individuals and families in New York City, ultimately fostering a stronger and more inclusive community.
This information is meant to be a general summary of Shuhab Hdfc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $234
- Program Service Revenue: $1,601,398
- Gross Receipts: $1,624,865
Assets and Liabilities:
- Total Assets: $13,306,059
- Total Liabilities: $25,054,827
- Net Assets: -$11,748,768
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,601,398
Organization Details
Founding Year
2002
Phone
(212) 265-6530Principal Officer
Alexa Sewell
Main Address
247 W 37TH ST 4TH FL, NEW YORK, NY, 10018
NTEE Category
Code: L20 - Housing
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