Overview
What is Northeast Brooklyn Housing Develop?
Northeast Brooklyn Housing Develop is a nonprofit organization, located at 132 Ralph Avenue, Brooklyn, New York. Their primary focus is on asset management, aiming to optimize the value of their growing real estate portfolio. Through efficient operation of each property, they strive to ensure that their buildings function as affordable and sustainable assets. Beyond real estate, the organization is dedicated to community and economic development, as well as providing human services, with the objective of fostering social change in central Brooklyn. Their team of 34 employees works diligently towards these goals.
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%, Four-Star out of Four Star rating.
Northeast Brooklyn Housing Development has achieved a high score of 94%, reflecting strong accountability and financial practices. The organization boasts a fully independent board, effective oversight structures, and no material diversion of assets, which underscores its commitment to transparency and responsible management of resources.
The charity demonstrates an impressive program expense ratio of 85.63%, indicating that a significant portion of its funds directly supports its programs. Additionally, the presence of comprehensive policies for conflict of interest, whistleblower protection, and document retention further enhances its governance framework.
While the organization performs well overall, continued focus on maintaining its financial health and community impact will be crucial as it navigates the evolving challenges in housing development. The strong rating is a positive signal to donors and stakeholders about the charity's operational integrity and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Northeast Brooklyn Housing Develop legitimate?
Northeast Brooklyn Housing Develop is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Brooklyn Housing Develop 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: $475,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,138,362
For more financial information, click here
What is the mission statement of Northeast Brooklyn Housing Develop?
The Northeast Brooklyn Housing Develop is dedicated to preserving, developing, and managing affordable housing and home ownership opportunities. This commitment extends to community and economic development initiatives and human services, aiming to bring about social change in central Brooklyn. The organization's asset management strategy is designed to maximize the value of its real estate portfolio, ensuring each building operates efficiently and reaches its full potential as an affordable and sustainable asset.
Who is the CEO of Northeast Brooklyn Housing Develop?
Jeffrey Dunston is the Chief Executive Officer of Northeast Brooklyn Housing Develop. The CEO's salary of Northeast Brooklyn Housing Develop is $300,000 and their total compensation is $300,000.
What is the revenue of Northeast Brooklyn Housing Develop?
Northeast Brooklyn Housing Develop's revenue in 2022 was $3,797,923.
Who are the executives of Northeast Brooklyn Housing Develop and what are their salaries?
The average compensation at Northeast Brooklyn Housing Develop during 2022 was $47,452. There are 34 employees at Northeast Brooklyn Housing Develop.
Here are 7 key members and their salaries (Northeast Brooklyn Housing Develop's CEO's salary is $300,000 and their total compensation is $300,000):
- Compensation: $300,000
- Related: $0
- Other: $0
- Compensation: $175,000
- 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
Where can I find the form 990 for Northeast Brooklyn Housing Develop?
Northeast Brooklyn Housing Develop's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northeast Brooklyn Housing Develop
Northeast Brooklyn Housing Develop is dedicated to making a significant impact in its community by preserving, developing, and managing affordable housing and homeownership opportunities. This mission extends beyond real estate, encompassing a comprehensive community and economic development initiative aimed at instigating social change in central Brooklyn. The organization's strategy is twofold: firstly, it focuses on maximizing the value of its expanding real estate portfolio through efficient asset management. Secondly, it collaborates closely with its property management team to ensure that every building under its care operates optimally, delivering sustainable and affordable housing solutions. By doing so, Northeast Brooklyn Housing Develop seeks to contribute positively to the lives of its residents and drive meaningful change in its community.
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Impact
July, 2024
Northeast Brooklyn Housing Develop is dedicated to preserving, developing, and managing affordable housing and homeownership opportunities in central Brooklyn. Through its asset management strategy, the organization works to maximize the value of its real estate portfolio, ensuring that all buildings operate efficiently and serve as sustainable assets. In addition to its housing initiatives, Northeast Brooklyn Housing Develop also engages in community and economic development initiatives and provides human services to drive social change in the area.
This information is meant to be a general summary of Northeast Brooklyn Housing Develop. 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: $11,083
- Program Service Revenue: $3,028,020
- Gross Receipts: $3,797,923
Assets and Liabilities:
- Total Assets: $8,598,007
- Total Liabilities: $1,514,698
- Net Assets: $7,083,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
JABITORIAL FEES
Revenue
$1,140,188
MANAGEMENT FEES
Revenue
$390,066
SOCIAL SERVICE FEES
Revenue
$133,015
COMMERCIAL RENTAL INCOM
Revenue
$183,459
ADDITIONAL RENTAL FEES
Revenue
$10,196
Organization Details
Founding Year
1985
Principal Officer
Jeffrey Dunston
Main Address
132 RALPH AVENUE, Brooklyn, NY, 11233
NTEE Category
Code: L20 - Housing
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