Overview
What is East River North Hdfc Inc?
East River North Hdfc Inc is a nonprofit organization situated in New York, specifically at 430 EAST 118TH STREET 1E, New York, NY 10035. Their primary focus is on providing subsidized residential housing for low-income families. This mission is fulfilled through their participation in two federal housing programs: Section 8 and Section 8 Conversion. The organization manages a total of 98 housing units under these programs, offering a vital service to those in need. The team consists of nine dedicated individuals, contributing to the provision of affordable housing options in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
East River North HDFC Inc has received a Three-Star rating from Charity Navigator, indicating a satisfactory performance overall. With an Accountability & Finance score of 79%, the organization demonstrates strong financial health and responsible governance practices. Notably, the charity has a fully independent board, with 87% of its members being independent and a commitment to transparency reflected through various listed policies.
The organization has excelled in key areas such as having no material diversion of assets and maintaining a low liabilities to assets ratio of 4.38%. Additionally, an impressive program expense ratio of 95.98% highlights that the majority of its funds are directed toward its programs, suggesting effective utilization of resources. While the rating is favorable, there may be opportunities for improvement to elevate its standing in the nonprofit sector.
Overall, East River North HDFC Inc shows a commitment to accountability and financial integrity, making it a relatively reliable organization for potential donors and stakeholders. However, continuous efforts to enhance its operations and transparency would further strengthen its reputation and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is East River North Hdfc Inc legitimate?
East River North Hdfc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. East River North 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: $118,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,416
For more financial information, click here
What is the mission statement of East River North Hdfc Inc?
East River North Hdfc Inc, as an organization, is committed to providing 98 subsidized residential housing units to families with low income. This is carried out under the auspices of federal housing programs, specifically the Section 8 and the Section 8 Conversion Programs, which are administered by the U.S. Department of Housing and Urban Development. The organization's primary aim is to offer affordable housing solutions to those in need, thereby contributing to a more equitable living environment. By providing these units, East River North Hdfc Inc is making a significant contribution to the community, ensuring that low-income families have access to decent and safe housing, thereby improving their overall quality of life.
Who is the CEO of East River North Hdfc Inc?
Celia Ramirez is the President of East River North Hdfc Inc.
What is the revenue of East River North Hdfc Inc?
East River North Hdfc Inc's revenue in 2022 was $1,262,254.
Who are the executives of East River North Hdfc Inc and what are their salaries?
The average compensation at East River North Hdfc Inc during 2022 was $20,580. There are 9 employees at East River North Hdfc Inc.
Here are 8 key members and their salaries:
- Compensation: $118,800
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for East River North Hdfc Inc?
East River North Hdfc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of East River North Hdfc Inc
East River North Hdfc Inc, as a nonprofit organization, is dedicated to providing housing solutions for low-income families. Their primary mission is to offer 98 subsidized residential housing apartment units under federal housing programs. Through initiatives supported by the U.S. Department of Housing and Urban Development, such as the Section 8 and the Section 8 Conversion Programs, East River North Hdfc Inc works to make housing more accessible and affordable for those in need. By providing these subsidized units, the organization aims to contribute to a more equitable living environment for its residents.
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Impact
July, 2024
East River North Hdfc Inc provides a critical service by offering 98 subsidized residential housing units to low-income families in New York under federal housing programs. This organization plays a vital role in ensuring that vulnerable individuals and families have access to safe and affordable housing. Their impact extends beyond just providing shelter - they contribute to creating stable communities and supporting those in need. Through their work, East River North Hdfc Inc addresses a pressing social issue and helps to improve the quality of life for many individuals and families.
This information is meant to be a general summary of East River North 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.
- Program Service Revenue: $1,262,253
- Gross Receipts: $1,262,254
Assets and Liabilities:
- Total Assets: $1,986,770
- Total Liabilities: $87,338
- Net Assets: $1,899,432
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING RENT
Revenue
$1,262,253
Organization Details
Founding Year
1970
Phone
(212) 427-8716Principal Officer
Celia Ramirez
Main Address
430 EAST 118TH STREET 1E, NEW YORK, NY, 10035
NTEE Category
Code: L20 - Housing
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