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Schoolhouse Road Estates Inc

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

EIN: 112484043 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Schoolhouse Road Estates Inc?

Schoolhouse Road Estates Inc is a nonprofit organization situated in Brooklyn, New York, specifically at 1876 50th Street. Their primary focus is on providing affordable housing for low-income citizens and offering financial assistance to eligible 501c3 charitable organizations. The organization's mission encompasses both low-income housing and grant-making initiatives to support these exempt charitable organizations. By offering these services, Schoolhouse Road Estates Inc aims to contribute to the betterment of the community and provide essential resources for those in need.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 45%

Schoolhouse Road Estates Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The overall score of 45% highlights critical weaknesses, particularly in financial transparency, as the organization has not made essential financial statements accessible to the public, nor does it have a conflict of interest policy in place. These factors contribute to a lack of trust and credibility.

Despite these weaknesses, the nonprofit does have strengths in certain areas. Notably, 100% of its board members are independent, which is a positive aspect of its governance structure. The organization has also demonstrated effective management of its program expenses, receiving full points in that category, which suggests that funds may be utilized effectively for the intended programs.

However, the absence of proper financial oversight mechanisms and transparency could hinder the organization’s long-term sustainability and community support. Potential donors and stakeholders may find the lack of accessible financial information and policies concerning governance to be significant red flags when considering engagement with Schoolhouse Road Estates Inc.


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

Is Schoolhouse Road Estates Inc legitimate?

Schoolhouse Road Estates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schoolhouse Road Estates 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 Schoolhouse Road Estates Inc?

Schoolhouse Road Estates Inc is committed to providing low-income housing and extending financial aid to exempt 501c3 charitable organizations. Their mission is twofold, focusing on housing needs of economically disadvantaged individuals and offering grants to eligible charitable institutions. Additionally, the organization provides scholarships, further expanding its support for underprivileged communities. By doing so, Schoolhouse Road Estates Inc aims to contribute positively to the lives of those in need and promote the growth of exempt 501c3 organizations.

Who is the CEO of Schoolhouse Road Estates Inc?

Isaac Ehrenfeld is the President of Schoolhouse Road Estates Inc.

What is the revenue of Schoolhouse Road Estates Inc?

Schoolhouse Road Estates Inc's revenue in 2022 was $689,041.

Who are the executives of Schoolhouse Road Estates Inc and what are their salaries?


Here are 2 key members and their salaries:


Isaac Ehrenfeld (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henri Rottenberg (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Schoolhouse Road Estates Inc?

Schoolhouse Road Estates Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Schoolhouse Road Estates Inc

Schoolhouse Road Estates Inc is committed to serving the community by providing low-income housing and offering grants to exempt 501c3 organizations. This mission is twofold, aiming to improve living conditions for economically disadvantaged individuals and supporting charitable organizations that share similar goals. In addition to their housing initiatives, Schoolhouse Road Estates Inc extends its support through financial grants to these exempt nonprofit organizations. Furthermore, the company also provides scholarships, contributing to the educational advancement of deserving individuals. By focusing on these areas, Schoolhouse Road Estates Inc seeks to foster a more equitable and compassionate community.

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Impact




July, 2024

Schoolhouse Road Estates Inc's impact is significant in providing low-income housing for citizens in need. Additionally, the organization plays a crucial role in supporting exempt 501c3 charitable organizations through grants. Their work in Brooklyn, NY, not only contributes to housing stability for low-income individuals but also facilitates the growth and sustainability of other charitable organizations through their support.




This information is meant to be a general summary of Schoolhouse Road Estates 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
$689,041 (2022)
Expenses
$754,050 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $689,041
  • Gross Receipts: $689,041

Assets and Liabilities:

  • Total Assets: $9,859
  • Total Liabilities: $2,538,546
  • Net Assets: -$2,528,687

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Income from partnership

Revenue

$689,041

Organization Details

Founding Year

1977

Principal Officer

Isaac Ehrenfeld

Main Address

1876 50TH STREET, BROOKLYN, NY, 11204

NTEE Category

Code: L21 - Housing

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