Overview
What is Longfellow Avenue Associates Hdfc Fund Corporation?
Longfellow Avenue Associates Hdfc Fund Corporation is a nonprofit organization situated in New York City, specifically at 494 Eighth Avenue, 18th Floor. Their primary mission is to offer affordable and clean housing solutions to low-income residents in the Bronx area. By providing housing, this organization aims to contribute positively to the community and support those in need of stable living conditions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Longfellow Avenue Associates Hdfc Fund Corporation has received a two-star rating from Charity Navigator, indicating that there are notable concerns regarding its accountability and financial practices. While the organization boasts a high percentage of independent board members and maintains a conflict of interest policy, it falls short in transparency, particularly with the absence of financial statements and tax forms on its website.
The organization demonstrates strong program expense ratios, dedicating a significant portion of its resources to program activities, which reflects a commitment to its mission. However, the precarious liabilities to assets ratio raises questions about its financial health, suggesting potential instability that could impact its long-term viability.
Additionally, the lack of a whistleblower policy points to gaps in governance that could undermine accountability. Overall, while there are positive aspects to the organization, critical areas for improvement are evident, particularly in financial reporting and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Longfellow Avenue Associates Hdfc Fund Corporation legitimate?
Longfellow Avenue Associates Hdfc Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Longfellow Avenue Associates Hdfc Fund Corporation 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 Longfellow Avenue Associates Hdfc Fund Corporation?
Longfellow Avenue Associates Hdfc Fund Corporation is committed to providing clean and affordable housing solutions for low-income residents. Their mission is centered around ensuring that individuals in need have access to suitable living spaces, thereby contributing to a more equitable living situation for these individuals. The corporation's activities are primarily focused on this mission, aiming to make housing more affordable for those who might otherwise struggle financially. By providing this essential service, they aim to contribute positively to their community and improve the overall living conditions for their target demographic.
Who is the CEO of Longfellow Avenue Associates Hdfc Fund Corporation?
Paul Moore is the Treasurer of Longfellow Avenue Associates Hdfc Fund Corporation.
What is the revenue of Longfellow Avenue Associates Hdfc Fund Corporation?
Longfellow Avenue Associates Hdfc Fund Corporation's revenue in 2022 was $2,601,664.
Who are the executives of Longfellow Avenue Associates Hdfc Fund Corporation and what are their salaries?
There 7 volunteers at Longfellow Avenue Associates Hdfc Fund Corporation.
Here are 9 key members and their salaries:
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- Other: $0
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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 Longfellow Avenue Associates Hdfc Fund Corporation?
Longfellow Avenue Associates Hdfc Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Longfellow Avenue Associates Hdfc Fund Corporation
Longfellow Avenue Associates HDFC Fund Corporation is dedicated to a noble mission. This organization strives to provide clean and affordable housing solutions for low-income residents, establishing a sense of community and security. By focusing on this essential need, Longfellow Avenue Associates aims to enhance the living standards and quality of life for those who require such assistance. The corporation's mission is a testament to its commitment to social responsibility and addressing housing inequality, ensuring that everyone has a safe and affordable place to call home.
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Impact
August, 2024
Longfellow Avenue Associates Hdfc Fund Corporation's impact is significant in providing clean, affordable housing to low-income residents in the Bronx, New York. Their mission to ensure that individuals and families have access to safe and decent housing plays a crucial role in addressing housing insecurity and improving quality of life for those in need. Through their efforts, they are helping to create a more stable and supportive community for residents facing economic challenges.
This information is meant to be a general summary of Longfellow Avenue Associates Hdfc Fund Corporation. 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: $4,549
- Program Service Revenue: $2,596,524
- Gross Receipts: $2,601,664
Assets and Liabilities:
- Total Assets: $5,006,943
- Total Liabilities: $7,893,962
- Net Assets: -$2,887,019
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDIES
Revenue
$1,684,438
TENANT RENTS
Revenue
$912,086
Organization Details
Founding Year
1973
Phone
(212) 563-0310Principal Officer
Paul Moore
Main Address
494 EIGHTH AVENUE 18FL, NEW YORK, NY, 10001
NTEE Category
Code: L21 - Housing
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