Overview
What is Gates Gardens Hdfc Inc?
Gates Gardens Hdfc Inc is a nonprofit organization, specifically established under the National Housing Act, located in Brooklyn, New York. Their primary mission is to provide housing facilities and services for elderly individuals of low income, taking into account their unique physical, social, and psychological needs. This aim is to promote overall well-being, security, and happiness. The organization operates a federal government-subsidized housing project with 61 units, dedicated to low-income senior citizens.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Gates Gardens Hdfc Inc has earned a Three-Star rating from Charity Navigator, primarily based on its accountability and financial performance. The organization demonstrates a strong commitment to financial integrity, with an impressive program expense ratio of nearly 88%, indicating a significant portion of its resources is directed towards its charitable mission.
The nonprofit benefits from a fully independent board, comprising eight members, which enhances governance and decision-making processes. Additionally, it has robust financial practices, evident from its clean audit and well-documented policies regarding conflicts of interest and whistleblowing procedures.
While the organization has strengths in financial management and governance, the data indicates a concentration of salary among key personnel, which may raise questions about compensation relative to its mission. Overall, Gates Gardens Hdfc Inc shows a solid foundation in accountability, though potential donors should consider the context of its executive salaries in relation to its charitable objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Gates Gardens Hdfc Inc legitimate?
Gates Gardens Hdfc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gates Gardens Hdfc 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 Gates Gardens Hdfc Inc?
Gates Gardens Hdfc Inc was established with the goal of developing and managing a federally subsidized housing project, comprising 61 units, specifically designed for low-income senior citizens. The organization's primary purpose is to provide these residents with housing facilities and services tailored to meet their physical, social, and psychological needs. The aim is to promote their health, security, and overall happiness within the community. Gates Gardens Hdfc Inc operates under the National Housing Act, with a focus on addressing the unique needs of elderly individuals who fall within the low-income bracket.
Who is the CEO of Gates Gardens Hdfc Inc?
Scott Short is the Secretary of Gates Gardens Hdfc Inc. The CEO's salary of Gates Gardens Hdfc Inc is $0 and their total compensation is $501,613.
What is the revenue of Gates Gardens Hdfc Inc?
Gates Gardens Hdfc Inc's revenue in 2022 was $1,073,342.
Who are the executives of Gates Gardens Hdfc Inc and what are their salaries?
There 6 volunteers at Gates Gardens Hdfc Inc.
Here are 9 key members and their salaries (Gates Gardens Hdfc Inc's CEO's salary is $0 and their total compensation is $501,613):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $445,969
- Other: $55,644
- Compensation: $0
- Related: $213,614
- Other: $47,322
- Compensation: $0
- Related: $166,859
- Other: $12,630
Where can I find the form 990 for Gates Gardens Hdfc Inc?
Gates Gardens Hdfc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gates Gardens Hdfc Inc
Gates Gardens HDFC Inc, a nonprofit organization, was established with a mission to develop and manage a federally subsidized housing project. This project, consisting of 61 units, is specifically designed for low-income senior citizens. The organization's primary objective is to provide these elderly individuals with housing facilities and services tailored to meet their physical, social, and psychological needs. The aim is to promote their health, security, and overall happiness within the community. By offering such accommodations, Gates Gardens HDFC Inc contributes to enhancing the quality of life for this vulnerable group, providing them with a safe and supportive environment.
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Impact
July, 2024
Gates Gardens Hdfc Inc's impact lies in providing essential housing services to low-income senior citizens in Brooklyn, New York. By operating a housing project with 61 units specifically designed for elderly individuals with limited financial resources, Gates Gardens Hdfc Inc aims to address the physical, social, and psychological needs of its residents. Through its federally subsidized housing initiative, the organization contributes to promoting the health, security, and overall well-being of senior citizens, ultimately fostering a sense of happiness and comfort within the community.
This information is meant to be a general summary of Gates Gardens Hdfc 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $772
- Program Service Revenue: $200,762
- Gross Receipts: $1,073,342
Assets and Liabilities:
- Total Assets: $5,938,276
- Total Liabilities: $9,373,284
- Net Assets: -$3,435,008
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$200,762
Organization Details
Founding Year
2003
Phone
(718) 366-3800Principal Officer
Scott Short
Main Address
565 BUSHWICK AVENUE, BROOKLYN, NY, 11206
NTEE Category
Code: L22 - Housing
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