Overview
What is Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp?
Southeast 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. Their primary mission is to provide affordable housing for individuals with very low income, operating 200 rental apartments within their purview. The organization's activities are centered around this mission, aiming to make housing accessible for those who may not otherwise have the means. With a staff of 26 individuals, Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp works tirelessly to support its community's housing needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Southeast Grand Street Guild Hdfc Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in the area of accountability and finance. The organization excels in maintaining an independent board with 100% of its members being independent. It also has strong financial oversight practices in place, which are reflected in its high score for program expense ratio, demonstrating a commitment to utilizing funds effectively for its mission.
However, the organization faces a notable challenge with its liabilities to assets ratio, which is significantly high at 178.66%. This aspect raises concerns about financial stability and the potential impact on future operations. Despite this limitation, the presence of various policies to ensure transparency and protect against conflicts of interest is commendable and suggests a focus on good governance.
Overall, Southeast Grand Street Guild Hdfc Inc demonstrates strengths in transparency and efficient fund management, though stakeholders may want to consider the implications of its financial liabilities when evaluating the organization’s long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp legitimate?
Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeast 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: $557,527
For more financial information, click here
What is the mission statement of Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp?
The mission of Southeast Grand Street Guild Hdfc Inc, managed by Comerford & Dougherty Llp, is centered around providing affordable housing. More specifically, they aim to offer rental apartments for individuals who fall under the category of having very low income. This organization is committed to this cause, as evidenced by the ownership and operation of around 200 such apartments. By doing so, they contribute to making housing more accessible for this specific demographic.
Who is the CEO of Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp?
Kevin Cronin is the President of Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp.
What is the revenue of Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp?
Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp's revenue in 2023 was $10,233,217.
Who are the executives of Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp and what are their salaries?
The average compensation at Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp during 2023 was $21,443. There are 26 employees at Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp.
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Where can I find the form 990 for Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp?
Southeast 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 Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp
Southeast Grand Street Guild HDFC Inc C/O Comerford & Dougherty LLP, as a nonprofit organization, is committed to providing rental apartments for individuals with very low income. This mission is reflected in the corporation's ownership and operation of 200 such apartments. By offering affordable housing, this organization seeks to make a significant impact in the lives of those in need, providing them with a stable living environment. This mission is a crucial step in promoting social equality and ensuring that everyone, regardless of their financial situation, has access to basic necessities such as a place to live.
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Impact
August, 2024
Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp's impact lies in providing essential housing services to individuals with very low incomes. Through owning and operating 200 rental apartments in Garden City, NY, the organization offers a crucial lifeline to those in need of affordable housing. By fulfilling its mission to provide rental apartments for persons with very low income, Southeast Grand Street Guild Hdfc Inc C/O Comerford & Dougherty Llp plays a vital role in addressing homelessness and housing insecurity in the community.
This information is meant to be a general summary of Southeast 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: $48,107
- Program Service Revenue: $10,185,110
- Gross Receipts: $10,233,217
Assets and Liabilities:
- Total Assets: $29,829,514
- Total Liabilities: $53,294,538
- Net Assets: -$23,465,024
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$10,185,110
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: L21 - Housing
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