Overview
What is Rena Day Care Centers Inc?
Rena Day Care Centers Inc is a nonprofit organization situated in New York City, specifically at 639 Edgecombe Avenue, New York, NY 10032. Their primary mission is to offer affordable, high-quality early education and childcare services to families living in poverty or working class communities in Upper Manhattan. They cater to 779 children and their families, ensuring that their services are accessible to those who need them the most. With a team of 70 dedicated employees, Rena Day Care Centers Inc is committed to enriching the lives of young children by providing them with a nurturing environment that fosters learning and growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Rena Day Care Centers Inc holds a Three-Star rating on Charity Navigator, reflecting solid performance in accountability and finance. With a high score of 86, the organization demonstrates strong governance practices, including an entirely independent board and robust financial oversight. Their conflict of interest and whistleblower policies are well-defined, contributing to transparency and trust.
The charity excels in efficiency, with a program expense ratio of 95.42%, indicating that a significant portion of its funds is directed toward its mission rather than administrative costs. This focus on programmatic spending is a strong point that highlights their commitment to serving their community effectively.
However, the organization received a lower score in the liabilities to assets ratio, at 60.96%, suggesting some financial risk may be present. While they have demonstrated good financial practices overall, addressing this ratio could enhance their financial stability and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Rena Day Care Centers Inc legitimate?
Rena Day Care Centers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rena Day Care Centers 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: $119,680
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,625,323
For more financial information, click here
What is the mission statement of Rena Day Care Centers Inc?
Rena Day Care Centers Inc is committed to offering affordable and high-quality early education services to families in the lower income and working class sectors of Upper Manhattan. Their mission is to ensure that these children receive a solid educational foundation, thereby empowering them and their families. The organization provides both group and family-based early education and childcare services, catering to 779 children. Their goal is to contribute positively to the development of these children, ultimately enhancing their overall well-being.
Who is the CEO of Rena Day Care Centers Inc?
Lateefah Abdul-Jabbaar is the Executive Director of Rena Day Care Centers Inc.
What is the revenue of Rena Day Care Centers Inc?
Rena Day Care Centers Inc's revenue in 2022 was $7,320,008.
Who are the executives of Rena Day Care Centers Inc and what are their salaries?
The average compensation at Rena Day Care Centers Inc during 2022 was $24,929. There are 70 employees and 5 volunteers at Rena Day Care Centers Inc.
Here are 7 key members and their salaries:
- Compensation: $119,680
- Related: $0
- Other: $0
- Compensation: $100,467
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rena Day Care Centers Inc?
Rena Day Care Centers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rena Day Care Centers Inc
Rena Day Care Centers Inc is committed to providing affordable, high-quality early education services to families residing in Upper Manhattan who are classified as poor or working class. Their mission, in essence, is to ensure that these families have access to a nurturing and stimulating learning environment for their children. The organization offers both group and family-based early education and childcare services to cater to the needs of 779 children and their families. By providing such services, Rena Day Care Centers Inc aims to contribute positively to the overall development and well-being of these young individuals, thereby supporting their families in their daily lives.
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Impact
August, 2024
Rena Day Care Centers Inc provides crucial early education services to low-income and working-class families in Upper Manhattan, impacting the lives of 779 children and their families. By offering affordable and high-quality childcare, Rena Day Care Centers Inc helps support the educational and developmental needs of children while enabling parents to pursue work opportunities. Their focus on human services plays a significant role in addressing the childcare needs of underserved communities, promoting early childhood education, and supporting families in achieving economic stability.
This information is meant to be a general summary of Rena Day Care Centers 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: $217
- Program Service Revenue: $126,963
- Gross Receipts: $7,320,008
Assets and Liabilities:
- Total Assets: $1,199,598
- Total Liabilities: $764,224
- Net Assets: $435,374
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Parent's fees
Revenue
$125,649
Organization Details
Founding Year
1971
Phone
(212) 795-3700Principal Officer
Lateefah Abdul-Jabbaar
Main Address
639 Edgecombe Avenue, New York, NY, 100324348
NTEE Category
Code: P33Z - Human services
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