Overview
What is South Bronx Community Management Co Inc?
South Bronx Community Management Co Inc is a nonprofit organization situated primarily in the South Bronx area. Their primary focus is on acquiring and managing residential dwellings, providing affordable housing options for low-income families. This commitment to the community is evident in their mission, which is to enhance living conditions and promote stability for families in need. Their activities encompass the acquisition and management of residential buildings, ensuring they cater to the needs of their low-income clientele.
Official website here: www.acacianetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
South Bronx Community Management Co Inc has received a Three-Star rating from Charity Navigator, highlighting its solid performance in accountability and finance. The organization demonstrates a strong commitment to governance, with 100% independent board members and comprehensive policies in place for conflict of interest and whistleblower protections, indicating a transparent operational structure.
The nonprofit excels in program expenses, dedicating a significant 89.19% of its budget to programs, which shows a clear focus on mission-driven initiatives. However, it faces a notable challenge with a liabilities to assets ratio of 238.57%, which raises concerns about financial stability. This indicates that the organization may be over-leveraged and could experience difficulties in meeting its obligations.
Overall, while South Bronx Community Management Co Inc shows commendable strengths in governance and program spending, its financial health needs attention to ensure long-term sustainability and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is South Bronx Community Management Co Inc legitimate?
South Bronx Community Management Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Bronx Community Management Co 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: $2,093,072
For more financial information, click here
Official website here: www.acacianetwork.org
What is the mission statement of South Bronx Community Management Co Inc?
South Bronx Community Management Co Inc's primary mission is centered around acquiring and managing residential dwelling units. This company focuses on serving low-income families, primarily in the South Bronx area. Their objective is to provide adequate housing solutions for this demographic, contributing to the well-being and stability of these communities. By managing these units effectively, they aim to make a positive impact on the lives of those who reside there.
Official website here: www.acacianetwork.org
Who is the CEO of South Bronx Community Management Co Inc?
Raul Russi is the President of South Bronx Community Management Co Inc. The CEO's salary of South Bronx Community Management Co Inc is $0 and their total compensation is $576,831.
Official website here: www.acacianetwork.org
What is the revenue of South Bronx Community Management Co Inc?
South Bronx Community Management Co Inc's revenue in 2022 was $3,247,312.
Official website here: www.acacianetwork.org
Who are the executives of South Bronx Community Management Co Inc and what are their salaries?
The average compensation at South Bronx Community Management Co Inc during 2022 was $110,162. There are 19 employees and 4 volunteers at South Bronx Community Management Co Inc.
Here are 13 key members and their salaries (South Bronx Community Management Co Inc's CEO's salary is $0 and their total compensation is $576,831):
- Compensation: $0
- Related: $848,126
- Other: $68,233
- Compensation: $0
- Related: $532,238
- Other: $44,593
- Compensation: $0
- Related: $517,229
- Other: $37,746
- Compensation: $0
- Related: $404,476
- Other: $38,707
- Compensation: $0
- Related: $421,681
- Other: $15,109
- Compensation: $0
- Related: $306,593
- Other: $37,802
- Compensation: $154,149
- Related: $45,000
- Other: $17,928
- Compensation: $182,261
- Related: $0
- Other: $9,218
- Compensation: $109,340
- Related: $0
- Other: $26,932
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.acacianetwork.org
Where can I find the form 990 for South Bronx Community Management Co Inc?
South Bronx Community Management Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acacianetwork.org
Learn more at the official website: www.acacianetwork.org
Mission Statement of South Bronx Community Management Co Inc
South Bronx Community Management Co Inc, as a mission-driven organization, is primarily focused on acquiring and managing residential dwelling units. This endeavor is primarily aimed at serving low-income families. The company's mission is to provide housing solutions for those in need, specifically in the South Bronx area. By managing these units, the company aims to contribute positively to the local community and provide affordable living spaces for families who may otherwise struggle with housing expenses.
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Impact
August, 2024
South Bronx Community Management Co Inc plays a crucial role in providing affordable housing options for low-income families in the South Bronx. By acquiring and managing residential dwelling units in this area, the organization directly addresses the pressing need for affordable housing in a community where such options are limited. This enables families to have a stable and secure place to live, improving their quality of life and contributing to the overall well-being of the South Bronx community.
This information is meant to be a general summary of South Bronx Community Management Co 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: $15,342
- Program Service Revenue: $3,034,970
- Gross Receipts: $3,247,312
Assets and Liabilities:
- Total Assets: $4,918,740
- Total Liabilities: $8,926,341
- Net Assets: -$4,007,601
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$3,026,570
RENTAL INCOME
Revenue
$8,400
Organization Details
Founding Year
1987
Phone
(718) 402-7702Principal Officer
Raul Russi
Main Address
2804 Third Avenue, Bronx, NY, 10455
Website
www.acacianetwork.orgNTEE Category
Code: L200 - Housing
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