Overview
What is Haven Plaza Hdfc Inc Catholic Homes New York?
Haven Plaza Hdfc Inc Catholic Homes New York is a nonprofit organization situated in New York City, specifically at 80 Maiden Lane 13th Floor, New York, NY 10038. Their primary mission is to support a low-income housing project that operates 371 rental apartments for individuals with very low incomes. This project previously owned the housing through March 17, 2011. The organization's purpose aligns with the maintenance and development of affordable housing. They provide support to an exempt organization, whose main objective is to ensure the preservation and creation of affordable living spaces. This is achieved by offering services to housing projects sponsored by non-profit housing development and finance companies. The organization helps in the preservation and rehabilitation of existing affordable housing units and develops new ones on underutilized or vacant properties owned by the non-profit.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Haven Plaza Hdfc Inc Catholic Homes New York has achieved a Three-Star rating from Charity Navigator, reflecting a solid score of 79%. This rating is based entirely on their Accountability & Finance metrics, showcasing their commitment to transparency and responsible financial management. The charity's strong focus on financial accountability is evidenced by a 98.72% program expense ratio, indicating that a significant portion of their funds is directed towards their mission-related activities.
The organization demonstrates excellent governance practices, with 100% of its board members being independent. This is crucial in ensuring unbiased decision-making and maintaining the integrity of the organization. Additionally, they have thoroughly established policies for conflict of interest, whistleblower protection, and document retention, which further highlights their dedication to ethical operations.
While the overall score is commendable, it is important to note that it is based solely on the accountability and finance beacon. This means that other aspects such as impact and outcomes are not factored into this rating, which may limit a more comprehensive understanding of the charity's effectiveness in achieving its mission. Nonetheless, the available data indicates that Haven Plaza Hdfc Inc Catholic Homes maintains a responsible and transparent operational framework.
This AI summary has been generated from information found on Charity Navigator.
Is Haven Plaza Hdfc Inc Catholic Homes New York legitimate?
Haven Plaza Hdfc Inc Catholic Homes New York is a legitimate nonprofit organization registered as a 501(c)(3) entity. Haven Plaza Hdfc Inc Catholic Homes New York 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 Haven Plaza Hdfc Inc Catholic Homes New York?
Haven Plaza Hdfc Inc, in its mission to support affordable housing, enters into a ground lease agreement with a low-income housing project. The organization provides assistance to an exempt organization, organized under Section 170 (B) (1) (A) (I), whose primary goal is to ensure the maintenance and development of high-quality, affordable housing. This is achieved by offering services to organization-sponsored housing projects, which are often owned by non-profit housing development and finance companies. These services may include preserving and rehabilitating existing affordable housing units, as well as developing new units on vacant or underutilized properties owned by the exempt organization.
Who is the CEO of Haven Plaza Hdfc Inc Catholic Homes New York?
Msgr Kevin Nelan is the President of Haven Plaza Hdfc Inc Catholic Homes New York.
What is the revenue of Haven Plaza Hdfc Inc Catholic Homes New York?
Haven Plaza Hdfc Inc Catholic Homes New York's revenue in 2023 was $1,004,841.
Who are the executives of Haven Plaza Hdfc Inc Catholic Homes New York and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Haven Plaza Hdfc Inc Catholic Homes New York?
Haven Plaza Hdfc Inc Catholic Homes New York's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Haven Plaza Hdfc Inc Catholic Homes New York
Haven Plaza HDFC Inc. Catholic Homes New York, as a supportive organization, enters into a ground lease agreement with a low-income housing project. Their primary mission is to provide assistance to an exempt organization, organized under Section 170 (B) (1) (A) (I), whose purpose is to ensure the maintenance and development of high-quality affordable housing. This is accomplished by offering services to housing projects sponsored by non-profit housing development and finance companies.
The organization's role extends beyond just leasing property. They actively engage in the preservation and rehabilitation of existing affordable housing units and the development of new ones on vacant or underutilized properties that they own. This commitment to affordable housing is vital in addressing the housing needs of low-income individuals and families, thereby contributing to a more equitable society. By providing these essential services, Haven Plaza HDFC Inc. Catholic Homes New York plays a significant role in improving the living conditions of those in need, thereby enhancing overall community well-being.
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Impact
July, 2024
Haven Plaza Hdfc Inc Catholic Homes New York's impact is crucial in maintaining and developing affordable housing in New York City. Through its ground lease agreement with a low-income housing project, which operates 371 rental apartments for individuals with very low incomes, the organization plays a vital role in ensuring the availability of quality affordable housing for those in need. By providing support to an exempt organization focused on affordable housing development, Haven Plaza Hdfc Inc Catholic Homes New York contributes to the preservation and rehabilitation of existing affordable housing units, as well as the development of new affordable housing properties. These efforts are essential in addressing the housing needs of low-income individuals and families in the community.
This information is meant to be a general summary of Haven Plaza Hdfc Inc Catholic Homes New York. 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 2023.
- Investment Income: $49,541
- Program Service Revenue: $955,300
- Gross Receipts: $1,004,841
Assets and Liabilities:
- Total Assets: $18,630,198
- Total Liabilities: $2,515,005
- Net Assets: $16,115,193
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SELLERS NOTE
Revenue
$761,300
GROUND LEASE RENT INCO
Revenue
$194,000
Organization Details
Founding Year
1969
Phone
(646) 794-3505Principal Officer
Msgr Kevin Nelan
Main Address
80 MAIDEN LANE 13TH FLOOR, NEW YORK, NY, 10038
NTEE Category
Code: L21 - Housing
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