Overview
What is Nerve Inc - Hpd?
Nerve Inc - Hpd, established in 1975, is a nonprofit corporation headquartered in New York City, specifically at 18 East 116th Street, New York, NY 10029. Their primary mission is to improve the housing and economic conditions in East Harlem, also known as El Barrio. They accomplish this by providing maintenance services for affordable residential units, many of which are below market rate. In addition to this, Nerve Inc - Hpd manages and maintains 80 low and moderate income units, including three commercial units, in East Harlem. Their office presence enables them to deliver these crucial services effectively. With a workforce of 17 dedicated individuals, Nerve Inc - Hpd continues to contribute positively to the community, striving to enhance the living standards of its residents.
Official website here: www.nerveinc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 91%, Four-Star out of Four Star rating.
Nerve Inc - Hpd has earned a strong Four-Star rating from Charity Navigator, reflecting its high performance in Accountability & Finance. The organization excels with a perfect score in several key areas, including the independence of its board members and the thoroughness of its financial audits. With a program expense ratio of 68.81%, the majority of its budget is dedicated to its mission-related activities, indicating effective resource allocation.
While the organization demonstrates robust governance practices, it does have a noted limitation in the absence of a whistleblower policy, which received a score of zero. This gap could be a potential concern for transparency and accountability, though it does not significantly detract from the overall positive evaluation. Overall, Nerve Inc - Hpd is recognized for its commitment to financial integrity and responsible management.
This AI summary has been generated from information found on Charity Navigator.
Is Nerve Inc - Hpd legitimate?
Nerve Inc - Hpd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nerve Inc - Hpd 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: $71,961
Professional Fundraising Fees: $0
Other Salaries and Wages: $98,686
For more financial information, click here
Official website here: www.nerveinc.org
What is the mission statement of Nerve Inc - Hpd?
Nerve Inc., a non-profit corporation established in 1975, has a mission aimed at enhancing the housing and economic conditions in underserved communities. Specifically, its focus is on improving the needs of East Harlem (El Barrio) for all its citizens. To achieve this, Nerve Inc. provides maintenance services for residential units, often at affordable prices below market rate. Additionally, the organization manages and maintains a considerable number of low and moderate income housing units, including commercial units, to uphold its mission and provide essential services.
Official website here: www.nerveinc.org
What is the revenue of Nerve Inc - Hpd?
Nerve Inc - Hpd's revenue in 2024 was $1,296,097.
Official website here: www.nerveinc.org
Who are the executives of Nerve Inc - Hpd and what are their salaries?
The average compensation at Nerve Inc - Hpd during 2024 was $12,189. There are 14 employees at Nerve Inc - Hpd.
Here are 8 key members and their salaries:
- Compensation: $71,691
- Related: $0
- Other: $0
- Compensation: $1,875
- Related: $0
- Other: $0
- Compensation: $1,875
- Related: $0
- Other: $0
- Compensation: $1,875
- Related: $0
- Other: $0
- Compensation: $1,875
- Related: $0
- Other: $0
- Compensation: $1,875
- Related: $0
- Other: $0
- Compensation: $1,875
- Related: $0
- Other: $0
- Compensation: $1,650
- Related: $0
- Other: $0
Official website here: www.nerveinc.org
Where can I find the form 990 for Nerve Inc - Hpd?
Nerve Inc - Hpd's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nerveinc.org
Learn more at the official website: www.nerveinc.org
Mission Statement of Nerve Inc - Hpd
Nerve Inc - Hpd, established in 1975, is a non-profit corporation with a mission to enhance the housing and economic conditions in East Harlem (El Barrio) for its citizens. This organization, driven by its founding principle, aims to address and improve the housing and economic needs of the community by providing maintenance services for residential units. In many instances, these units are affordable, often below market rate. Nerve Inc - Hpd manages and maintains approximately 80 low and moderate income housing units, including three commercial units, to provide these essential services. The organization's main offices are located in East Harlem, enabling it to effectively serve the community it is dedicated to improving.
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Impact
August, 2024
Nerve Inc - Hpd has a significant impact on the housing and economy of East Harlem. Through its maintenance services on affordable residential units, including those below market rate, Nerve Inc - Hpd plays a crucial role in providing housing stability for many residents in the community. Managing and maintaining 80 low and moderate-income units, along with three commercial units, contributes to the overall well-being of East Harlem's citizens. By offering these services and managing properties effectively, Nerve Inc - Hpd helps to improve the overall quality of life and economic opportunities in the neighborhood.
This information is meant to be a general summary of Nerve Inc - Hpd. 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 2024.
- Investment Income: $1,050,509
- Program Service Revenue: $1,053,020
- Gross Receipts: $1,296,097
Assets and Liabilities:
- Total Assets: $3,138,555
- Total Liabilities: $1,104,324
- Net Assets: $2,034,231
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$1,053,020
Organization Details
Founding Year
1975
Principal Officer
Roberto Anazagasti
Website
www.nerveinc.orgNTEE Category
Code: L25 - Housing
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