Overview
What is Good Old Lower East Side Inc?
Good Old Lower East Side Inc, located at 173 Avenue B, New York, NY 10009, is a nonprofit organization dedicated to empowering low-income residents of the Lower East Side. Their mission is to combat displacement and gentrification, preserve and expand affordable housing, assert community self-determination over public spaces, and ensure a clean and healthy environment for living, working, and playing. They achieve this through various initiatives, including supportive services, educational information sessions, preventative health and well-being programming, community engagement, and research. Their Healthy Aging Program specifically addresses the needs of economically disadvantaged residents aged 50 and over, promoting healthier aging through these services.
What are the reviews and ratings of this charity?
Charity Navigator Rating 92% - Four-Star out of Four Star rating
Good Old Lower East Side Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The organization scored 92% in the Accountability & Finance category, reflecting its commitment to transparency and responsible management of resources. Key strengths include a fully independent board, effective audit processes, and a solid program expense ratio of 77.73%, showing a healthy allocation of funds towards its mission.
However, the organization does have some areas that require attention. Notably, it lacks a whistleblower policy and a document retention and destruction policy, which contributed to missed points in those categories. While the absence of these policies does not detract from its overall rating, it highlights areas where governance could be strengthened.
Despite these limitations, Good Old Lower East Side Inc demonstrates strong fiscal responsibility and effective management practices, making it a reliable choice for potential donors seeking to support impactful initiatives in their community.
This AI summary has been generated from information found on Charity Navigator.
Is Good Old Lower East Side Inc legitimate?
Good Old Lower East Side Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Old Lower East Side 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: $175,106
Professional Fundraising Fees: $0
Other Salaries and Wages: $714,973
For more financial information, click here
What is the mission statement of Good Old Lower East Side Inc?
Good Old Lower East Side Inc's mission is centered around empowering low-income residents in an unspecified location. Their goal is to address displacement and gentrification, preserve and expand the low-income housing stock, assert community self-determination over public space usage, and ensure a clean and healthy living environment. This organization actively works towards these objectives, aiming to safeguard the rights and well-being of the community it serves. In addition, they run programs such as GOLES Healthy Aging, which provides supportive services, educational sessions, preventative health and wellness programming, community engagement, and research to promote healthier aging among economically disadvantaged individuals aged 50 and over.
Who is the CEO of Good Old Lower East Side Inc?
Damaris Reyes is the Chairperson of Good Old Lower East Side Inc.
What is the revenue of Good Old Lower East Side Inc?
Good Old Lower East Side Inc's revenue in 2021 was $1,873,147.
Who are the executives of Good Old Lower East Side Inc and what are their salaries?
The average compensation at Good Old Lower East Side Inc during 2021 was $31,789. There are 28 employees at Good Old Lower East Side Inc.
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- Compensation: $78,359
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- Other: $1,477
Where can I find the form 990 for Good Old Lower East Side Inc?
Good Old Lower East Side Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Good Old Lower East Side Inc
Good Old Lower East Side Inc, a nonprofit organization, is committed to empowering low-income residents on the Lower East Side. Their mission is twofold: firstly, to combat displacement and gentrification and preserve the low-income housing stock in the area. Secondly, they aim to assert community self-determination over the use of public space and ensure a clean and healthy environment for people to live, work, and play. In essence, Good Old Lower East Side Inc strives to give a voice to the economically disadvantaged residents of the Lower East Side, enabling them to influence decisions that affect their community and living conditions.
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Impact
August, 2024
Good Old Lower East Side Inc, through its various programs and initiatives, has a significant impact on the Lower East Side community in New York City. The organization works tirelessly to build the power of low-income residents, address displacement and gentrification, and preserve and expand the low-income housing stock in the area. By asserting community self-determination over the use of public space and ensuring a clean and healthy environment where people live, work, and play, Good Old Lower East Side Inc plays a vital role in improving the overall quality of life for residents in the neighborhood.
One of the notable programs offered by Good Old Lower East Side Inc is the GOLES Healthy Aging Program, which specifically caters to economically disadvantaged residents aged 50 and above. This program combines supportive services, educational information sessions, preventative health and well-being programming, community engagement, and research to promote healthier aging among this demographic. By addressing the unique needs of this population group, Good Old Lower East Side Inc contributes to enhancing the overall well-being and social connectivity of older residents in the community.
Overall, Good Old Lower East Side Inc's commitment to community improvement and empowerment is evident through its multifaceted approach to promoting social justice, advocating for affordable housing, and fostering a sense of belonging among residents in the Lower East Side.
This information is meant to be a general summary of Good Old Lower East Side 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 2021.
- Gross Receipts: $1,873,147
Assets and Liabilities:
- Total Assets: $2,010,294
- Total Liabilities: $117,555
- Net Assets: $1,892,739
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Organization Details
Phone
(212) 358-1231Principal Officer
Damaris Reyes
Main Address
173 AVENUE B, NEW YORK, NY, 10009
NTEE Category
Code: S220 - Community improvement
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