Overview
What is Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp?
Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp is a nonprofit organization situated in Garden City, New York, specifically at 1122 Franklin Avenue Suite 406. The primary mission of this organization is to provide affordable housing solutions for individuals with very low income. They own and manage around 200 rental apartments, catering to this specific demographic. By offering these apartments, they contribute to the community by making housing accessible to those who might otherwise struggle with affording it. The organization employs a team of 26 individuals to fulfill its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Grand Street Guild Hdfc Inc has received a Three-Star rating from Charity Navigator, based on a strong focus on Accountability and Finance. The organization has demonstrated a commitment to transparency and effective governance, as evidenced by its perfect scores in areas such as having an independent board, audit oversight, and adherence to various policies. The program expense ratio is particularly notable, with 92.53% of expenses directed towards programs, indicating efficient use of funds.
The organization boasts a fully independent board consisting of ten members, which enhances its decision-making processes and reduces potential conflicts of interest. The presence of robust policies related to conflict of interest, whistleblower protections, and document management further supports its accountability framework. This level of oversight contributes positively to the organization's credibility.
While the overall score is strong, the rating is based solely on the Accountability and Finance beacon, suggesting limited information on other operational aspects, such as program impact or community engagement. Potential donors may want to consider additional factors beyond financial metrics when assessing the effectiveness of Grand Street Guild Hdfc Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp legitimate?
Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Street Guild 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: $579,405
For more financial information, click here
What is the mission statement of Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp?
Grand Street Guild Hdfc Inc, under the management of Comerford & Dougherty Llp, is committed to providing rental apartments for individuals with very low income. The corporation's mission is clearly reflected in its operations, as it owns and manages 200 such apartments, aiming to provide affordable housing solutions for those in need. This organization plays a significant role in addressing housing inequities, offering a vital service to individuals who might otherwise struggle to secure suitable living arrangements. By offering rental apartments, Grand Street Guild Hdfc Inc contributes to the well-being of its residents and helps promote a more equitable living environment.
Who is the CEO of Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp?
Kevin Cronin is the President of Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp.
What is the revenue of Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp?
Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp's revenue in 2023 was $11,360,136.
Who are the executives of Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp and what are their salaries?
The average compensation at Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp during 2023 was $22,285. There are 26 employees at Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp.
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Where can I find the form 990 for Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp?
Grand Street Guild 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 Hdfc Inc C/O Comerford & Dougherty Llp
Grand Street Guild HDFC Inc, as represented by Comerford & Dougherty LLP, is committed to providing rental apartments for individuals with extremely low income. This nonprofit organization's mission is to offer affordable housing solutions, catering specifically to those who fall within this income bracket. The corporation, in fulfilling its mission, owns and manages 200 rental apartments, providing a vital service to those in need of secure and affordable housing. By offering these apartments, Grand Street Guild HDFC Inc aims to contribute to the well-being and stability of its residents, allowing them to focus on other aspects of their lives.
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Impact
August, 2024
Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp's impact lies in its provision of affordable rental apartments for individuals with very low incomes. By owning and operating 200 rental units in Garden City, NY, this organization directly addresses the critical need for housing among vulnerable populations. Their mission to provide affordable housing contributes to the overall stability and well-being of low-income individuals and families in the community.
This information is meant to be a general summary of Grand Street Guild 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: $47,740
- Program Service Revenue: $11,312,396
- Gross Receipts: $11,360,136
Assets and Liabilities:
- Total Assets: $32,366,704
- Total Liabilities: $58,902,926
- Net Assets: -$26,536,222
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$10,240,989
LEASE TERMINATION FEE
Revenue
$1,071,407
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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