Overview
What is Troutman Evergreen Hdfc?
Troutman Evergreen HDFC is a nonprofit organization located in Brooklyn, New York, specifically at 565 Bushwick Avenue, 11206. Their primary objective is to serve the needs of elderly individuals of low income by operating a housing project, comprising 81 units. This project provides housing facilities and services tailored to meet their physical, social, and psychological needs, aiming to enhance their health, security, and overall happiness. The organization operates under the National Housing Act, with a focus on managing an apartment complex consisting of 81 rental units and one superintendent's unit.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79%, Three-Star out of Four Star rating.
Troutman Evergreen Hdfc has achieved a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization excels in areas such as having a fully independent board and conducting regular financial audits. These factors contribute positively to its overall score, showcasing a commitment to transparency and ethical governance.
Despite its strengths, the organization faces challenges concerning its liabilities, as indicated by a high liabilities-to-assets ratio. While the program expense ratio is commendable at 89.03%, the financial health indicated by liabilities raises a concern that warrants attention from stakeholders and potential donors.
Overall, Troutman Evergreen Hdfc demonstrates a robust framework for governance and accountability, making it a reliable choice for supporters. However, addressing financial liabilities will be crucial for enhancing its sustainability and long-term impact.
This AI summary has been generated from information found on Charity Navigator.
Is Troutman Evergreen Hdfc legitimate?
Troutman Evergreen Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Troutman Evergreen 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
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What is the mission statement of Troutman Evergreen Hdfc?
Troutman Evergreen Hdfc's mission is centered around operating an apartment complex consisting of 81 rental units, one of which serves as a superintendent's unit. This organization operates under the National Housing Act. Their primary objective is to provide housing facilities and services tailored to meet the physical, social, and psychological needs of elderly individuals of low income, residing in this complex. The organization strives to promote health, security, and happiness within this community.
Who is the CEO of Troutman Evergreen Hdfc?
Scott Short is the Chairperson of Troutman Evergreen Hdfc. The CEO's salary of Troutman Evergreen Hdfc is $0 and their total compensation is $501,613.
What is the revenue of Troutman Evergreen Hdfc?
Troutman Evergreen Hdfc's revenue in 2022 was $1,189,349.
Who are the executives of Troutman Evergreen Hdfc and what are their salaries?
There 16 volunteers at Troutman Evergreen Hdfc.
Here are 19 key members and their salaries (Troutman Evergreen Hdfc's CEO's salary is $0 and their total compensation is $501,613):
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- Other: $47,322
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- Related: $166,859
- Other: $12,630
Where can I find the form 990 for Troutman Evergreen Hdfc?
Troutman Evergreen Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Troutman Evergreen Hdfc
Troutman Evergreen Hdfc, as an organization, is committed to operating an apartment complex consisting of 81 rental units, including a superintendent's unit. This housing project is specifically designed for elderly individuals of low income. The organization's mission extends beyond mere housing provision; it aims to meet the physical, social, and psychological needs of its residents. This is achieved by offering housing facilities and services tailored to cater to the unique requirements of the elderly population. The ultimate goal of Troutman Evergreen Hdfc is to promote the well-being, security, and happiness of its residents, ensuring they live in a conducive environment.
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Impact
July, 2024
Troutman Evergreen Hdfc's impact is providing affordable housing for elderly persons with low income in Brooklyn, NY. By operating an apartment complex consisting of 81 rental units and 1 superintendent's unit, they offer housing facilities and services designed to meet the physical, social, and psychological needs of their residents. This initiative promotes the health, security, and happiness of the elderly population in the community, ultimately contributing to their well-being and quality of life.
This information is meant to be a general summary of Troutman Evergreen 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: $2,926
- Program Service Revenue: $255,101
- Gross Receipts: $1,189,349
Assets and Liabilities:
- Total Assets: $6,774,600
- Total Liabilities: $9,659,522
- Net Assets: -$2,884,922
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$255,101
Organization Details
Founding Year
2000
Phone
(718) 366-3800Principal Officer
Scott Short
Main Address
565 BUSHWICK AVENUE, BROOKLYN, NY, 11206
NTEE Category
Code: L21 - Housing
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