Overview
What is Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc?
Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc is a nonprofit organization situated in Valley Stream, New York, specifically at 43 North Central Avenue, ZIP code 11580. Their primary objective is to offer residential rental housing to low-income elderly individuals through the Section 8 Housing Assistance Payments Program, which is regulated by the U.S. Department of Housing & Urban Development. This program aims to provide affordable housing solutions for the elderly population in need. The organization currently employs a team of two individuals dedicated to carrying out this mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc has received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial performance. The charity scored particularly well in areas such as maintaining an independent board and having a strong program expense ratio, indicating a commitment to using funds effectively for its programs.
However, the organization faces challenges with its liabilities to assets ratio, which may indicate financial instability. While it excels in governance and transparency by documenting board meeting minutes and having an audit oversight committee, the high level of liabilities relative to assets is a significant concern for potential donors. This could affect the charity's long-term sustainability and capacity to support its mission.
Overall, while Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc demonstrates strengths in accountability and program efficiency, the financial metrics suggest a need for a closer examination of its financial health. Potential supporters should consider these factors when deciding to contribute.
This AI summary has been generated from information found on Charity Navigator.
Is Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc legitimate?
Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace Episcopal Church Jamaica Senior Citizens 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: $197,291
For more financial information, click here
What is the mission statement of Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc?
Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc is dedicated to providing residential rental housing for low-income elderly individuals. This is achieved through their participation in the Section 8 Housing Assistance Payments Program, which is regulated by the U.S. Department of Housing & Urban Development. The organization's mission is to ensure that elderly individuals with limited financial resources have access to safe and affordable housing. By participating in this program, Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc is able to provide a vital service to an often under-served population, enabling them to maintain their independence and dignity in their later years. The organization's commitment to this mission is reflected in its dedication to complying with the regulations set out by the U.S. Department of Housing & Urban Development, ensuring that all eligible individuals have access to this vital housing support.
Who is the CEO of Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc?
Shirley Ford is the President of Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc.
What is the revenue of Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc?
Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc's revenue in 2022 was $1,490,711.
Who are the executives of Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc and what are their salaries?
The average compensation at Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc during 2022 was $98,646. There are 2 employees and 9 volunteers at Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc.
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Where can I find the form 990 for Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc?
Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc
Grace Episcopal Church Jamaica Senior Citizens HDFC Inc is committed to providing residential rental housing for low-income elderly individuals. This mission is accomplished through the Section 8 Housing Assistance Payments Program, which is regulated by the U.S. Department of Housing and Urban Development. By participating in this program, the organization ensures that eligible seniors can afford safe and comfortable living spaces. This mission is crucial in supporting the well-being and independence of the elderly population, allowing them to maintain a dignified standard of living.
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Impact
July, 2024
Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc's impact is significant in providing essential residential rental housing to low-income elderly individuals in Valley Stream, NY. Through the Section 8 Housing Assistance Payments program regulated by the U.S. Department of Housing and Urban Development, this organization helps ensure that vulnerable seniors have access to safe and affordable housing. By offering this support, Grace Episcopal Church Jamaica Senior Citizens Hdfc Inc contributes to enhancing the quality of life for elderly community members in need, emphasizing the importance of housing security and dignity in their later years.
This information is meant to be a general summary of Grace Episcopal Church Jamaica Senior Citizens 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: $99
- Program Service Revenue: $1,490,612
- Gross Receipts: $1,490,711
Assets and Liabilities:
- Total Assets: $6,977,487
- Total Liabilities: $9,139,215
- Net Assets: -$2,161,728
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDIES
Revenue
$1,266,326
TENANT RENTS
Revenue
$224,286
Organization Details
Founding Year
1981
Phone
(516) 285-7500Principal Officer
Shirley Ford
Main Address
43 NORTH CENTRAL AVENUE, VALLEY STREAM, NY, 11580
NTEE Category
Code: L200 - Housing
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