Overview
What is Hacd Corporation?
Hacd Corporation, situated in Danbury, Connecticut, is a nonprofit organization with a commendable mission. It manages and operates 21 units of low-income housing, offering a sanctuary for individuals who are homeless or financially disadvantaged. The primary objective of Hacd Corporation is to provide these individuals with a stable living environment, thereby contributing positively to their overall well-being.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90%, Four-Star out of Four Star rating.
Hacd Corporation has achieved an impressive Four-Star rating with a score of 90%, reflecting strong accountability and financial practices. The high score indicates that the organization is effectively managed and transparent in its operations, which is crucial for donor trust and engagement. The accountability and finance score is particularly notable, as it demonstrates the organization's commitment to maintaining high standards in these areas.
One of the standout features of Hacd Corporation is its fully independent board, consisting of eight members, which helps ensure unbiased decision-making and governance. The organization also scored perfectly on several key metrics, including its audit and oversight practices, indicating that financial statements are rigorously reviewed and monitored. This robust structure contributes to confidence in the organization’s financial integrity.
While the organization's expense ratio is commendable—98.84% of expenses going directly to programs—this highlights its focus on its mission. Overall, Hacd Corporation illustrates a well-run nonprofit, although continuous monitoring of financial health and program effectiveness remains vital for sustained impact.
This AI summary has been generated from information found on Charity Navigator.
Is Hacd Corporation legitimate?
Hacd Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hacd Corporation 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: $15,717
For more financial information, click here
What is the mission statement of Hacd Corporation?
Hacd Corporation's mission is centered around providing housing solutions for individuals who are homeless or financially disadvantaged. This mission is carried out through the ownership and operation of low-income housing units. The corporation aims to make a significant impact in improving the living conditions of these individuals, contributing to their overall well-being and stability. By offering affordable housing, Hacd Corporation plays a vital role in helping these individuals regain a sense of independence and dignity. The corporation's commitment extends beyond just providing housing, as it strives to create a supportive environment that fosters community and empowers its residents.
Who is the CEO of Hacd Corporation?
Jeff M Rieck is the Executive Director of Hacd Corporation.
What is the revenue of Hacd Corporation?
Hacd Corporation's revenue in 2022 was $960,793.
Who are the executives of Hacd Corporation and what are their salaries?
There 5 volunteers at Hacd Corporation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $149,007
- Other: $35,174
- Compensation: $0
- Related: $142,944
- Other: $50,976
- Compensation: $0
- Related: $130,880
- Other: $49,563
- Compensation: $0
- Related: $115,427
- Other: $49,370
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hacd Corporation?
Hacd Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hacd Corporation
Hacd Corporation, a nonprofit organization, is dedicated to providing housing solutions for individuals who are homeless or fall under the low-income bracket. With a clear mission, this corporation takes on the responsibility of offering accommodations to those in need, striving to make a positive impact in their lives. Hacd Corporation's housing facilities cater specifically to this demographic, providing a safe and secure environment that allows them to regain stability and focus on rebuilding their lives. By offering housing, Hacd Corporation plays a crucial role in supporting these individuals and contributing to their overall well-being.
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Impact
July, 2024
Hacd Corporation's impact is significant as it provides housing for homeless and low-income individuals in Danbury, Connecticut. Owning and operating 21 units of low-income housing, Hacd Corporation plays a vital role in addressing the housing needs of vulnerable populations in the community. By offering stable and affordable housing options, the organization contributes to improving the lives and well-being of those in need, helping them access a basic human necessity and work towards a more stable future.
This information is meant to be a general summary of Hacd Corporation. 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: $133
- Program Service Revenue: $959,597
- Gross Receipts: $960,793
Assets and Liabilities:
- Total Assets: $3,468,870
- Total Liabilities: $233,164
- Net Assets: $3,235,706
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$948,355
MANAGEMENT FEES
Revenue
$11,242
Organization Details
Founding Year
1990
Phone
(203) 744-2500Principal Officer
Jeff M Rieck
Main Address
2 MILL RIDGE ROAD, DANBURY, CT, 06811
NTEE Category
Code: L21 - Housing
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