Overview
What is Cypress Hills Child Care Corporation?
Cypress Hills Child Care Corporation, based in Brooklyn, New York, is a nonprofit organization established to tackle the challenge of inadequate legal, quality child care in their community. This obstacle often hinders low-income women from entering or re-entering the paid workforce. The corporation's mission is twofold: first, to expand safe and high-quality daycare options for these women, and second, to empower them by leveraging their parenting skills to achieve financial independence. With a dedicated workforce of 54 individuals, Cypress Hills Child Care Corporation strives to make a significant impact in its community by providing child care services, thereby enabling women to contribute to the labor force.
Official website here: www.cypresshills.org/childcare.html
What are the reviews and ratings of this charity?
Charity Navigator Rating 81% - Three-Star out of Four Star Rating
Cypress Hills Child Care Corporation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This rating indicates a solid level of accountability and financial health, as it is primarily based on these metrics. The charity excels in areas such as having a fully independent board and strong financial oversight, which are crucial for maintaining transparency and trust.
The organization scores particularly well in its program expense ratio, with 87.08% of its expenses going directly towards its programs. This demonstrates a clear commitment to utilizing funds for their intended purpose, which is vital for nonprofit efficacy. Additionally, the presence of various governance policies, such as conflict of interest and whistleblower policies, suggests a robust framework for ethical operations.
However, the organization does have some limitations, particularly reflected in its liabilities to assets ratio, where it scored 0 out of 15 points. This indicates potential financial risks that may need to be addressed to ensure long-term sustainability. Overall, while Cypress Hills Child Care Corporation shows strong accountability and program effectiveness, attention to financial liabilities could enhance its stability in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Cypress Hills Child Care Corporation legitimate?
Cypress Hills Child Care Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cypress Hills Child Care 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: $138,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,820,362
For more financial information, click here
Official website here: www.cypresshills.org/childcare.html
What is the mission statement of Cypress Hills Child Care Corporation?
The Cypress Hills Child Care Corporation was established to tackle the issue of inadequate legal, high-quality child care in the community, which poses a significant barrier for women seeking to join or rejoin the paid workforce. The corporation's primary objective is to expand safe and top-notch daycare options predominantly for low-income mothers in the community. Simultaneously, it provides women with an opportunity to utilize their child-rearing skills, thereby enabling them to become financially independent.
Official website here: www.cypresshills.org/childcare.html
Who is the CEO of Cypress Hills Child Care Corporation?
Teresa Council is the Executive Di of Cypress Hills Child Care Corporation.
Official website here: www.cypresshills.org/childcare.html
What is the revenue of Cypress Hills Child Care Corporation?
Cypress Hills Child Care Corporation's revenue in 2022 was $3,666,007.
Official website here: www.cypresshills.org/childcare.html
Who are the executives of Cypress Hills Child Care Corporation and what are their salaries?
The average compensation at Cypress Hills Child Care Corporation during 2022 was $36,275. There are 54 employees at Cypress Hills Child Care Corporation.
Here are 10 key members and their salaries:
- Compensation: $68,796
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.cypresshills.org/childcare.html
Where can I find the form 990 for Cypress Hills Child Care Corporation?
Cypress Hills Child Care Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cypresshills.org/childcare.html
Learn more at the official website: www.cypresshills.org/childcare.html
Mission Statement of Cypress Hills Child Care Corporation
Cypress Hills Child Care Corporation (CHCCC) was established with a mission to address the scarcity of legal, high-quality child care in the community. This lack of such facilities poses a significant barrier for women seeking to enter or rejoin the paid workforce. Recognizing this challenge, CHCCC aims to expand safe and reliable daycare options primarily for low-income mothers within the community. Simultaneously, the corporation offers women an opportunity to leverage their child-rearing skills, thus enabling them to become financially independent.
In essence, Cypress Hills Child Care Corporation serves twofold purposes. Firstly, it strives to address the child care needs of predominantly low-income mothers, ensuring they can secure employment or resume their careers without worrying about their children's welfare. Secondly, CHCCC provides a platform for these women to harness their parenting abilities and transform them into a source of economic self-sufficiency. By addressing both these needs, Cypress Hills Child Care Corporation plays a pivotal role in empowering women and fostering a more equitable society.
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Impact
July, 2024
Cypress Hills Child Care Corporation's impact is significant in providing quality child care options for predominantly low-income mothers in the community of Brooklyn, NY. By addressing the lack of legal quality child care, CHCCC not only supports women seeking to enter or re-enter the labor force but also empowers them to become economically self-sufficient. This organization plays a crucial role in enabling women to capitalize on their child-rearing skills while ensuring their children receive safe and nurturing care. Through its programs like Child Care, Head Start, and Universal Pre-K, CHCCC is actively supporting the economic mobility and well-being of families in the community. Their dedication to human services, particularly in the field of child care, is making a valuable difference in the lives of many individuals and families.
This information is meant to be a general summary of Cypress Hills Child Care 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: $345
- Program Service Revenue: $20,491
- Gross Receipts: $3,666,007
Assets and Liabilities:
- Total Assets: $3,524,188
- Total Liabilities: $2,374,822
- Net Assets: $1,149,366
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARENT'S FEES
Revenue
$20,491
Organization Details
Founding Year
1992
Phone
(718) 235-3949Principal Officer
Teresa Council
Main Address
3295 FULTON STREET, BROOKLYN, NY, 11208
NTEE Category
Code: P33Z - Human services
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