Overview
What is Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp?
Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp is a nonprofit organization situated in Garden City, New York. With a headquarters at 1122 Franklin Avenue Suite 406, this organization is primarily focused on providing affordable housing for individuals with very low income. The organization owns and manages around 200 rental apartments, ensuring that these living spaces are accessible to those who need them most. The nonprofit's main mission is centered around this housing initiative, aiming to make a significant impact in the lives of its residents. The organization employs a team of 26 individuals to support its operations.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79% (Three-Star out of Four Star rating)
Grand Street Guild East Hdfc Inc has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and finance management. The charity scores well on various metrics, particularly in board independence, financial oversight, and adherence to policies related to conflict of interest and whistleblowing. Its strong program expense ratio of 92.67% indicates that a significant portion of its resources is directed towards its charitable programs.
Despite its strengths, the organization does face some challenges, particularly highlighted by its liabilities to assets ratio of 167.28%, which suggests potential financial risk. This aspect may raise concerns about sustainability and long-term financial health. However, the charity's commitment to maintaining robust governance structures is a positive factor in its overall assessment.
In summary, while Grand Street Guild East Hdfc Inc demonstrates effective financial management and accountability frameworks, stakeholders should be mindful of the organization's financial liabilities. Overall, it remains a credible option for those looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp legitimate?
Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp 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: $556,609
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What is the mission statement of Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp?
The organization Grand Street Guild East Hdfc Inc, managed by Comerford & Dougherty Llp, is committed to providing rental apartments for individuals with very low income. Their mission is centered around offering affordable housing solutions, ensuring that these individuals have access to living spaces within their means. The organization owns and operates approximately 200 such rental apartments, providing a vital service to this specific demographic. By offering these apartments, Grand Street Guild East Hdfc Inc contributes to the overall well-being and stability of these individuals, allowing them to focus on other essential aspects of their lives.
Who is the CEO of Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp?
Kevin Cronin is the President of Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp.
What is the revenue of Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp?
Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp's revenue in 2023 was $9,817,085.
Who are the executives of Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp and what are their salaries?
The average compensation at Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp during 2023 was $21,408. There are 26 employees at Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp.
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Where can I find the form 990 for Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp?
Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp
Grand Street Guild East HDFC Inc C/O Comerford & Dougherty LLP is a nonprofit organization dedicated to providing affordable housing solutions for individuals with very low income. Its mission, in simple terms, is to offer rental apartments to those who fall under this income category. This community-focused organization owns and manages a total of 200 rental apartments, providing a much-needed service for those in need. By offering these apartments, Grand Street Guild East HDFC Inc C/O Comerford & Dougherty LLP is making a significant contribution to the community, ensuring that everyone has access to a place to call home, regardless of their financial situation.
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Impact
August, 2024
Grand Street Guild East HDFC Inc, managed by Comerford & Dougherty LLP, has a tangible impact in providing housing solutions for individuals with very low incomes. By owning and operating 200 rental apartments specifically tailored to this demographic in Garden City, NY, they significantly contribute to addressing the housing needs of a vulnerable population. Their mission to provide affordable housing directly improves the quality of life and stability for those who may otherwise struggle to find suitable accommodation. Through their dedication to this cause, they help foster a sense of community and support for those in need of housing assistance.
This information is meant to be a general summary of Grand Street Guild East Hdfc Inc C/O Comerford & Dougherty Llp. 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: $46,483
- Program Service Revenue: $9,770,602
- Gross Receipts: $9,817,085
Assets and Liabilities:
- Total Assets: $30,086,804
- Total Liabilities: $50,331,124
- Net Assets: -$20,244,320
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$9,770,602
Organization Details
Founding Year
1970
Phone
(516) 248-4817Principal Officer
Kevin Cronin
Main Address
1122 FRANKLIN AVENUE SUITE 406, GARDEN CITY, NY, 11530
NTEE Category
Code: L99 - Housing
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