Overview
What is Brookdale Residence Housing Development Fund Inc?
Brookdale Residence Housing Development Fund Inc is a nonprofit organization situated in Brooklyn, New York. Their primary focus is on offering housing to elderly and disabled individuals with low income. By owning and operating a residential building, they provide a secure living space that caters to their unique needs. As a not-for-profit entity, their mission is to ensure these individuals receive the care and support they require, making a significant contribution to their well-being.
Official website here: www.brookdalehospital.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Brookdale Residence Housing Development Fund Inc has received an overall score of 81%, indicating a satisfactory level of accountability and finance management. The rating is derived solely from the Accountability & Finance Beacon, which reflects the organization's commitment to transparency and responsible financial practices.
Strengths of the organization include a fully independent board, with all eight members meeting the criteria for independence. The organization also scores exceptionally well in areas such as auditing and oversight, with 15 out of 15 points in financial statement review. Furthermore, the program expense ratio is high at 91.42%, demonstrating that a significant portion of funds is directed towards programmatic activities.
However, while the financial governance appears strong, attention may be warranted regarding the salaries of key personnel, which are notably high. This could raise questions about resource allocation. Overall, the charity shows a commendable level of transparency and effective governance, contributing positively to its funding objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Brookdale Residence Housing Development Fund Inc legitimate?
Brookdale Residence Housing Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brookdale Residence Housing Development Fund 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: $301,462
For more financial information, click here
Official website here: www.brookdalehospital.org
What is the mission statement of Brookdale Residence Housing Development Fund Inc?
Brookdale Residence Housing Development Fund Inc, as a not-for-profit organization, is committed to providing housing for elderly and disabled individuals of low income. Their mission is centered around catering to the needs of these individuals, operating a residential building in an undisclosed location. The corporation aims to operate as a caring entity, offering a home for those who may face challenges in securing suitable housing due to their age or disability.
Official website here: www.brookdalehospital.org
Who is the CEO of Brookdale Residence Housing Development Fund Inc?
Michelle Figueroa is the Chair/President/Board Memb of Brookdale Residence Housing Development Fund Inc.
Official website here: www.brookdalehospital.org
What is the revenue of Brookdale Residence Housing Development Fund Inc?
Brookdale Residence Housing Development Fund Inc's revenue in 2022 was $1,357,556.
Official website here: www.brookdalehospital.org
Who are the executives of Brookdale Residence Housing Development Fund Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $398,607
- Other: $9,288
- Compensation: $0
- Related: $322,406
- Other: $30,302
- Compensation: $0
- Related: $420,845
- Other: $27,452
- Compensation: $0
- Related: $166,974
- Other: $4,819
- Compensation: $0
- Related: $602,612
- Other: $33,134
Official website here: www.brookdalehospital.org
Where can I find the form 990 for Brookdale Residence Housing Development Fund Inc?
Brookdale Residence Housing Development Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brookdalehospital.org
Learn more at the official website: www.brookdalehospital.org
Mission Statement of Brookdale Residence Housing Development Fund Inc
Brookdale Residence Housing Development Fund Inc, as a not-for-profit organization, is dedicated to serving the needs of elderly and disabled individuals of low income. They accomplish this by owning and managing a residential building in an undisclosed location. The primary objective of Brookdale Residence is to provide a suitable living environment for these individuals, ensuring their well-being and comfort. By doing so, the organization plays a crucial role in contributing to the community and enhancing the lives of its residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Brookdale Residence Housing Development Fund Inc's impact is significant in providing safe and affordable housing for elderly and disabled individuals with low income in Brooklyn, New York. By owning and operating a residential building dedicated to this specific demographic, the organization directly addresses the housing needs of an often vulnerable population. Through their mission-driven approach as a not-for-profit corporation, Brookdale Residence Housing Development Fund Inc plays a crucial role in supporting the well-being and quality of life of elderly and disabled individuals in the community.
This information is meant to be a general summary of Brookdale Residence Housing Development Fund 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: $2,197
- Program Service Revenue: $1,355,359
- Gross Receipts: $1,357,556
Assets and Liabilities:
- Total Assets: $2,618,477
- Total Liabilities: $9,180,420
- Net Assets: -$6,561,943
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,355,359
Organization Details
Founding Year
1995
Phone
(718) 240-5200Principal Officer
Michelle Figueroa
Main Address
101-01 AVENUE D, BROOKLYN, NY, 11236
Website
www.brookdalehospital.orgNTEE Category
Code: L20Z - Housing
If you are a representative of Brookdale Residence Housing Development Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.