Overview
What is David Minkin Residence Hdfc?
David Minkin Residence HDFC is a nonprofit organization situated in Brooklyn, New York, specifically at 191 Joralemon Street. Their primary mission is to provide safe and affordable housing for elderly and disabled individuals of low income, adhering to the guidelines set by HUD Section 202 of the National Housing Act. They oversee a housing project comprising 100 units, catering specifically to this demographic. The organization's objective is to ensure these individuals have access to secure and affordable living spaces, enhancing their quality of life.
Official website here: www.ccbq.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 66%, Two-Star out of Four Star rating.
David Minkin Residence Hdfc received a Two-Star rating, which indicates room for improvement in its accountability and financial practices. While the organization shows strong program expense ratios, directing 91.90% of its resources towards its mission, other areas such as independent board governance and financial health raise concerns. The lack of independent board members is particularly notable, as this impacts the organization’s oversight and accountability.
On a positive note, the organization has demonstrated good practices in several areas, including the implementation of essential policies such as conflict of interest and whistleblower protections. Furthermore, it has no reported material diversions of assets, which speaks to the integrity of its financial operations. However, the absence of a posted tax form on its website and a high liabilities-to-assets ratio of 192% suggest financial vulnerabilities that could affect its sustainability in the long term.
Overall, while David Minkin Residence Hdfc effectively channels a significant portion of its budget into its programs, the lack of independent oversight and financial instability are critical areas that potential donors might want to consider before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is David Minkin Residence Hdfc legitimate?
David Minkin Residence Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. David Minkin Residence Hdfc 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
Official website here: www.ccbq.org
What is the mission statement of David Minkin Residence Hdfc?
The mission of David Minkin Residence Hdfc is centered around providing safe and affordable housing for elderly and disabled individuals with low income. This organization, through its operations, aims to cater to this specific demographic, ensuring they have a suitable living environment. One of the ways they accomplish this is by managing a 100-unit housing project under the HUD Section 202 of the National Housing Act, which is specifically designed for such individuals.
Official website here: www.ccbq.org
Who is the CEO of David Minkin Residence Hdfc?
Jeanne M Diulio is the Cfo (Thru 12/31/21) of David Minkin Residence Hdfc. The CEO's salary of David Minkin Residence Hdfc is $0 and their total compensation is $43,612.
Official website here: www.ccbq.org
What is the revenue of David Minkin Residence Hdfc?
David Minkin Residence Hdfc's revenue in 2022 was $1,242,880.
Official website here: www.ccbq.org
Who are the executives of David Minkin Residence Hdfc and what are their salaries?
Here are 10 key members and their salaries (David Minkin Residence Hdfc's CEO's salary is $0 and their total compensation is $43,612):
- Compensation: $0
- Related: $281,091
- Other: $8,117
- Compensation: $0
- Related: $186,761
- Other: $19,438
- Compensation: $0
- Related: $159,468
- Other: $40,415
- Compensation: $0
- Related: $162,994
- Other: $21,195
- Compensation: $0
- Related: $140,193
- Other: $40,597
- Compensation: $0
- Related: $158,241
- Other: $16,129
- Compensation: $0
- Related: $141,607
- Other: $27,615
- Compensation: $0
- Related: $139,730
- Other: $18,149
- Compensation: $0
- Related: $46,097
- Other: $1,504
- Compensation: $0
- Related: $37,111
- Other: $6,501
Official website here: www.ccbq.org
Where can I find the form 990 for David Minkin Residence Hdfc?
David Minkin Residence Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccbq.org
Learn more at the official website: www.ccbq.org
Mission Statement of David Minkin Residence Hdfc
David Minkin Residence Hdfc, as a nonprofit organization, is committed to providing safe and affordable housing for elderly and disabled individuals of low income. Its mission is centered around ensuring that these vulnerable groups have a secure living space, which is a fundamental need that is often overlooked. The organization owns and operates a 100-unit housing project under HUD Section 202 of the National Housing Act, specifically designed for elderly and disabled individuals who fall under the low-income bracket. This project serves as a testament to David Minkin Residence Hdfc's dedication to making a significant difference in the lives of these individuals, providing them with a place to call home where they can live with dignity and independence.
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Impact
July, 2024
David Minkin Residence Hdfc's impact is significant as it provides safe and affordable housing for elderly and disabled persons of low income in Brooklyn, NY. Through its ownership and operation of a 100-unit housing project under HUD Section 202 of the National Housing Act, this organization plays a crucial role in addressing the housing needs of vulnerable populations. By fulfilling its mission to offer secure and affordable housing options, David Minkin Residence Hdfc contributes to enhancing the quality of life for elderly and disabled individuals with limited financial resources.
This information is meant to be a general summary of David Minkin Residence Hdfc. 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: $188
- Program Service Revenue: $1,205,545
- Gross Receipts: $1,242,880
Assets and Liabilities:
- Total Assets: $5,207,068
- Total Liabilities: $9,532,630
- Net Assets: -$4,325,562
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,205,545
Organization Details
Founding Year
1994
Phone
(718) 722-6150Principal Officer
Jeanne M Diulio
Main Address
191 JORALEMON STREET, BROOKLYN, NY, 11201
Website
www.ccbq.orgNTEE Category
Code: L22 - Housing
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