Overview
What is Evergreen Estates Housing Development Fund Company Inc?
Evergreen Estates Housing Development Fund Company Inc is a nonprofit organization situated in New York City, specifically at 494 Eighth Avenue, 19th Floor. Their primary mission is to offer clean and affordable housing to 232 low-income families residing in the Bronx, New York. The company is dedicated to improving the living conditions of these families by providing them with appropriate housing solutions. While the provided information does not specify any additional programs or initiatives, it is clear that Evergreen Estates Housing Development Fund Company Inc focuses on housing as its main activity and mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Evergreen Estates Housing Development Fund Company Inc has received a One-Star rating from Charity Navigator, indicating significant areas for improvement. The organization demonstrates a strong commitment to governance, with a majority of independent board members and appropriate documentation of board meeting minutes. However, the overall financial transparency is lacking, as evidenced by the absence of financial statements and critical policies, which detracts from its accountability rating.
The charity's financial health is concerning, with a liabilities to assets ratio of 144.44%, signaling potential fiscal instability. Despite this, the organization allocates a substantial portion of its expenses—90.63%—to its programs, suggesting that it prioritizes direct service delivery. Nevertheless, the lack of accessible financial documentation and policies raises questions about its operational integrity and trustworthiness.
In summary, while Evergreen Estates Housing Development Fund Company Inc excels in certain governance aspects and program allocation, its financial reporting and policy compliance issues hinder its overall effectiveness and transparency. Stakeholders and potential donors may want to consider these factors carefully when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Evergreen Estates Housing Development Fund Company Inc legitimate?
Evergreen Estates Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Evergreen Estates Housing Development Fund Company 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Evergreen Estates Housing Development Fund Company Inc?
Evergreen Estates Housing Development Fund Company Inc's mission is centered around providing a vital service. Their primary objective is to offer clean and affordable housing to 232 families falling under the low-income bracket. This endeavor is carried out in an unspecified location, but the focus remains on enhancing the living conditions of those in need. The company's mission is a testament to their commitment to addressing housing disparities and contributing to a more equitable society.
Who is the CEO of Evergreen Estates Housing Development Fund Company Inc?
Paul Moore is the Director of Evergreen Estates Housing Development Fund Company Inc.
What is the revenue of Evergreen Estates Housing Development Fund Company Inc?
Evergreen Estates Housing Development Fund Company Inc's revenue in 2022 was $4,454,974.
Who are the executives of Evergreen Estates Housing Development Fund Company Inc and what are their salaries?
There 7 volunteers at Evergreen Estates Housing Development Fund Company Inc.
Here are 9 key members and their salaries:
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- Related: $108,000
- Other: $3,240
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- Related: $116,000
- Other: $0
Where can I find the form 990 for Evergreen Estates Housing Development Fund Company Inc?
Evergreen Estates Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Evergreen Estates Housing Development Fund Company Inc
Evergreen Estates Housing Development Fund Company Inc is committed to a noble mission: providing clean and affordable housing to 232 low-income families. This nonprofit organization takes pride in offering a residence solution to families in need, ensuring they can live with dignity and comfort within their means. By prioritizing affordable housing, Evergreen Estates plays a crucial role in helping families maintain stability and focus on essential aspects of their lives, such as education, employment, and personal development. The company's mission is to make a tangible difference in the lives of these families, providing them with a secure living environment that fosters growth and well-being.
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Impact
August, 2024
Evergreen Estates Housing Development Fund Company Inc's impact is significant in providing clean, affordable housing to 232 low-income families in the Bronx, New York. By offering this essential service, the organization plays a crucial role in addressing housing insecurity and ensuring that vulnerable residents have a stable and dignified place to call home. This initiative directly contributes to improving the quality of life for these families, promoting community well-being, and fostering a sense of security and stability among its residents.
This information is meant to be a general summary of Evergreen Estates Housing Development Fund Company 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 2022.
- Investment Income: $660
- Program Service Revenue: $4,454,254
- Gross Receipts: $4,454,974
Assets and Liabilities:
- Total Assets: $8,419,363
- Total Liabilities: $12,673,274
- Net Assets: -$4,253,911
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDY RENTS
Revenue
$2,885,740
TENANT RENTS
Revenue
$1,568,514
Organization Details
Founding Year
1972
Phone
(212) 563-0310Principal Officer
Paul Moore
Main Address
494 EIGHTH AVENUE 19TH FLOOR, NEW YORK, NY, 10001
NTEE Category
Code: L20 - Housing
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