Overview
What is Mount Carmel Senior Hdfc?
Mount Carmel Senior HDFC is a nonprofit organization situated in Brooklyn, New York, with a specific focus on providing safe and affordable housing for elderly and disabled individuals of low income. Established under HUD Section 202 of the National Housing Act, the organization manages a 68-unit housing project, ensuring that these vulnerable groups have access to suitable living conditions. The mission of Mount Carmel Senior HDFC is deeply rooted in this provision of housing, aiming to make a significant difference in the lives of these individuals by offering a secure and affordable living environment.
Official website here: www.ccbq.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Stars
Mount Carmel Senior HDFC has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The overall score is solely based on the Accountability & Finance beacon, where the organization scored 66%. This score suggests that while there are some strong practices in place, there are significant areas needing improvement.
One notable strength is the organization's Program Expense Ratio, which sits at an impressive 91.97%. This indicates that a substantial portion of their expenses is directed towards their programs rather than administrative costs. Additionally, they have robust policies in place, including conflict of interest and whistleblower policies, which are essential for maintaining transparency and ethical governance.
However, the organization faces challenges, particularly in terms of governance. With 0% independent board members, there is a lack of diversity in oversight, which can raise concerns about the board's effectiveness in serving the organization's mission. Furthermore, a high liabilities-to-assets ratio of 167.67% suggests potential financial instability, which could impact their long-term sustainability. The absence of the tax form on their website further contributes to the concerns about transparency and accessibility of financial information.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Carmel Senior Hdfc legitimate?
Mount Carmel Senior Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Carmel Senior 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 Mount Carmel Senior Hdfc?
Mount Carmel Senior HDFC's mission is centered around providing safe and affordable housing for elderly and disabled individuals with low income. This non-profit organization operates under the HUD Section 202 of the National Housing Act, and their housing project accommodates 68 units specifically designed for this demographic. The organization's primary goal is to ensure that these individuals have a secure living environment, without the burden of exorbitant housing costs.
Official website here: www.ccbq.org
Who is the CEO of Mount Carmel Senior Hdfc?
Rev Msgr Alfred P Lopinto is the CEO of Mount Carmel Senior Hdfc The CEO's salary of Mount Carmel Senior Hdfc is $0 and their total compensation is $43,500.
Official website here: www.ccbq.org
What is the revenue of Mount Carmel Senior Hdfc?
Mount Carmel Senior Hdfc's revenue in 2024 was $1,180,325.
Official website here: www.ccbq.org
Who are the executives of Mount Carmel Senior Hdfc and what are their salaries?
Here are 10 key members and their salaries (Mount Carmel Senior Hdfc's CEO's salary is $0 and their total compensation is $43,500):
- Compensation: $0
- Related: $243,075
- Other: $30,825
- Compensation: $0
- Related: $171,975
- Other: $49,658
- Compensation: $0
- Related: $186,230
- Other: $21,945
- Compensation: $0
- Related: $180,180
- Other: $25,507
- Compensation: $0
- Related: $153,571
- Other: $48,403
- Compensation: $0
- Related: $163,592
- Other: $35,894
- Compensation: $0
- Related: $169,859
- Other: $20,781
- Compensation: $0
- Related: $139,492
- Other: $29,401
- Compensation: $0
- Related: $45,000
- Other: $1,500
- Compensation: $0
- Related: $37,000
- Other: $6,500
Official website here: www.ccbq.org
Where can I find the form 990 for Mount Carmel Senior Hdfc?
Mount Carmel Senior Hdfc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ccbq.org
Learn more at the official website: www.ccbq.org
Mission Statement of Mount Carmel Senior Hdfc
Mount Carmel Senior HDFC, a nonprofit organization, is dedicated to providing a safe and affordable living environment for elderly and disabled individuals of low income. Their mission is centered around ensuring that these vulnerable groups have access to suitable housing, thereby enhancing their quality of life. To achieve this, Mount Carmel Senior HDFC operates a 68-unit housing project under HUD Section 202 of the National Housing Act, specifically designed for elderly and disabled persons with limited financial resources. This commitment to affordable housing enables these individuals to maintain their independence and dignity, fostering a sense of community and security within the project.
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Impact
July, 2024
Mount Carmel Senior Hdfc's impact is significant in providing safe and affordable housing to elderly and disabled individuals of low income. By owning and operating a 68-unit housing project under HUD Section 202 of the National Housing Act in Brooklyn, NY, this organization directly addresses the critical need for housing among vulnerable populations. Their mission to offer a secure living environment for those in need contributes positively to the well-being and quality of life of the residents they serve. Overall, Mount Carmel Senior Hdfc's work has a tangible impact on addressing the housing challenges faced by low-income elderly and disabled individuals in the community.
This information is meant to be a general summary of Mount Carmel Senior 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 2024.
- Investment Income: $21,171
- Program Service Revenue: $1,154,923
- Gross Receipts: $1,180,325
Assets and Liabilities:
- Total Assets: $5,105,097
- Total Liabilities: $8,288,379
- Net Assets: -$3,183,282
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,154,923
Organization Details
Founding Year
2001
Principal Officer
Jeanne M Diulio
Website
www.ccbq.orgNTEE Category
Code: L22 - Housing
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