Overview
What is East Harlem Pilot Block Hdfc Inc?
East Harlem Pilot Block Hdfc Inc is a nonprofit organization based in New York City, located at 2253 Third Ave, 5th Floor, New York, NY 10035. The company manages and maintains an affordable housing project consisting of 656 units, catering to low-income families in accordance with the U.S. Department of Housing and Urban Development (HUD) guidelines and regulations. As a HUD multifamily housing project, their mission is to provide affordable housing solutions for those in need. They currently employ 45 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star rating
East Harlem Pilot Block Hdfc Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The charity’s score is based entirely on its Accountability & Finance metrics, which are notably strong, particularly in areas such as board independence and financial oversight.
The organization boasts an independent board with all members meeting the criteria for independence, contributing to its high rating in governance. Financially, the charity has maintained a robust program expense ratio of 88.57%, indicating that a significant majority of its resources are directed towards its programs rather than administrative costs, which is a positive sign for stakeholders.
Despite these strengths, the overall rating does not highlight areas beyond accountability and finance, suggesting that while the charity is well-managed financially, further insights into its programmatic impact and effectiveness could provide a more rounded perspective for potential donors and beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is East Harlem Pilot Block Hdfc Inc legitimate?
East Harlem Pilot Block Hdfc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Harlem Pilot Block Hdfc Inc 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: $153,411
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,312,454
For more financial information, click here
What is the mission statement of East Harlem Pilot Block Hdfc Inc?
East Harlem Pilot Block Hdfc Inc is committed to providing affordable housing solutions for low-income families. As a U.S. Department of Housing and Urban Development (HUD) multifamily housing project, the organization adheres to strict guidelines and regulations. The company operates and maintains a housing project consisting of 656 units, where families in need can call home. By offering affordable housing, East Harlem Pilot Block Hdfc Inc plays a crucial role in enabling these families to focus on other essential aspects of their lives, rather than being burdened by excessive housing expenses. The organization's dedication to making a difference extends beyond just housing, as it strives to create thriving communities and improve the overall well-being of its residents.
Who is the CEO of East Harlem Pilot Block Hdfc Inc?
Cesar Ortiz Diaz is the Handyman of East Harlem Pilot Block Hdfc Inc.
What is the revenue of East Harlem Pilot Block Hdfc Inc?
East Harlem Pilot Block Hdfc Inc's revenue in 2023 was $34,464,799.
Who are the executives of East Harlem Pilot Block Hdfc Inc and what are their salaries?
The average compensation at East Harlem Pilot Block Hdfc Inc during 2023 was $77,019. There are 45 employees and 10 volunteers at East Harlem Pilot Block Hdfc Inc.
Here are 14 key members and their salaries:
- Compensation: $163,629
- Related: $0
- Other: $0
- Compensation: $151,937
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- Other: $0
- Compensation: $148,851
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- Other: $0
- Compensation: $147,000
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for East Harlem Pilot Block Hdfc Inc?
East Harlem Pilot Block Hdfc Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of East Harlem Pilot Block Hdfc Inc
East Harlem Pilot Block Hdfc Inc, a U.S. Department of Housing and Urban Development (HUD) multifamily housing project, is dedicated to providing affordable housing solutions for low-income families. The organization takes pride in operating and maintaining a housing project consisting of 656 units, where individuals and families in need can call home. In accordance with U.S. Department of Housing and Urban Development guidelines and regulations, East Harlem Pilot Block Hdfc Inc is committed to ensuring that affordable housing remains accessible to those who require it most. By prioritizing affordability, the organization plays a crucial role in establishing stable living environments and fostering community growth.
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Impact
October, 2024
East Harlem Pilot Block HDFC Inc significantly impacts the community by providing affordable housing to low-income families in New York City. By managing and maintaining a multifamily housing project with 656 units, the organization helps to alleviate the housing crisis faced by many individuals and families struggling to find safe and affordable living spaces.
This initiative not only offers shelter but also fosters stability and security for local residents, contributing to their overall well-being and quality of life. By adhering to U.S. Department of Housing and Urban Development guidelines, East Harlem Pilot Block HDFC Inc ensures that these housing solutions meet necessary standards and deliver essential support to those in need, empowering families and strengthening the community as a whole.
This information is meant to be a general summary of East Harlem Pilot Block Hdfc Inc. 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: $141,238
- Program Service Revenue: $31,291,526
- Gross Receipts: $49,354,229
Assets and Liabilities:
- Total Assets: $84,762,915
- Total Liabilities: $142,386,588
- Net Assets: -$57,623,673
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent Revenue
Revenue
$31,291,526
Organization Details
Founding Year
1971
Phone
(212) 369-3755Principal Officer
Cesar Ortiz Diaz
Main Address
2253 THIRD AVE 5TH FL, NEW YORK, NY, 10035
NTEE Category
Code: L200 - Housing
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