Overview
What is Fordham Bedford Housing Corporation?
Fordham Bedford Housing Corporation, located in the Bronx, New York, is a nonprofit organization dedicated to promoting, developing, and managing affordable housing for low-income families. Established with the aim of combating community deterioration in the Fordham Bedford section and surrounding areas of the Northwest Bronx, this organization manages several properties to provide much-needed housing solutions. With a team of 62 dedicated employees, the Fordham Bedford Housing Corporation directly manages low-income housing buildings, offering a vital service to the community.
Official website here: www.fordham-bedford.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star Rating
The Fordham Bedford Housing Corporation has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The charity's overall score is influenced by an impressive 100% in the Accountability & Finance beacon, reflecting high standards in governance and transparency.
Strengths highlighted include a fully independent board, with 90% of its members being independent, and a robust financial oversight structure characterized by an Audit and Oversight Committee. Additionally, the organization maintains strong policies regarding conflict of interest and whistleblower protections, ensuring ethical practices throughout its operations.
Despite these strengths, the data does not indicate any specific areas for improvement. The organization demonstrates a solid commitment to financial health, evidenced by a low liabilities to assets ratio and a high program expense ratio, ensuring that a significant portion of its funds are directed towards its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Fordham Bedford Housing Corporation legitimate?
Fordham Bedford Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fordham Bedford Housing 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: $1,837,456
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,561,350
For more financial information, click here
Official website here: www.fordham-bedford.org/
What is the mission statement of Fordham Bedford Housing Corporation?
The Fordham Bedford Housing Corporation was established with the purpose of promoting, developing, and managing affordable housing for low- and moderate-income families. Its mission is to combat community deterioration in the Fordham Bedford section and surrounding areas of the Northwest Bronx. The corporation provides direct property management services for low-income housing buildings, aiming to assist these families in need.
Official website here: www.fordham-bedford.org/
Who is the CEO of Fordham Bedford Housing Corporation?
Heng Ly is the Chief Executive Officer of Fordham Bedford Housing Corporation. The CEO's salary of Fordham Bedford Housing Corporation is $334,452 and their total compensation is $396,704.
Official website here: www.fordham-bedford.org/
What is the revenue of Fordham Bedford Housing Corporation?
Fordham Bedford Housing Corporation's revenue in 2022 was $7,445,904.
Official website here: www.fordham-bedford.org/
Who are the executives of Fordham Bedford Housing Corporation and what are their salaries?
The average compensation at Fordham Bedford Housing Corporation during 2022 was $70,948. There are 62 employees at Fordham Bedford Housing Corporation.
Here are 17 key members and their salaries (Fordham Bedford Housing Corporation's CEO's salary is $334,452 and their total compensation is $396,704):
- Compensation: $334,452
- Related: $0
- Other: $62,252
- Compensation: $246,705
- Related: $0
- Other: $48,666
- Compensation: $211,435
- Related: $0
- Other: $39,037
- Compensation: $193,553
- Related: $0
- Other: $52,475
- Compensation: $176,688
- Related: $0
- Other: $49,476
- Compensation: $197,215
- Related: $0
- Other: $21,520
- Compensation: $170,938
- Related: $0
- Other: $33,043
- 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
- 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
Official website here: www.fordham-bedford.org/
Where can I find the form 990 for Fordham Bedford Housing Corporation?
Fordham Bedford Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fordham-bedford.org/
Learn more at the official website: www.fordham-bedford.org/
Mission Statement of Fordham Bedford Housing Corporation
Fordham Bedford Housing Corporation, established with the purpose of promoting, developing, and managing low and moderate income housing, is dedicated to aiding low-income families and combating community deterioration in the Fordham Bedford area and its surrounding regions in the Northwest Bronx. The organization's primary mission is to provide direct property management for low-income housing buildings, ensuring that these communities remain safe and well-maintained. By offering this service, Fordham Bedford Housing Corporation strives to make affordable housing a reality for those who need it most, ultimately contributing to the overall betterment of the communities it serves.
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Impact
August, 2024
Fordham Bedford Housing Corporation plays a crucial role in providing direct property management for low-income housing buildings in the Bronx, NY. By promoting, developing, and managing low and moderate-income housing, as well as providing assistance to low-income families, FBHC actively combats community deterioration in the Fordham Bedford section and surrounding areas of the Northwest Bronx. The organization's impact is evident in the tangible improvements in housing availability, affordability, and overall community well-being in these underserved areas. Through their dedicated efforts, FBHC contributes significantly to addressing housing challenges and supporting vulnerable populations in the Bronx.
This information is meant to be a general summary of Fordham Bedford Housing 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: $307,653
- Program Service Revenue: $6,898,119
- Gross Receipts: $7,519,191
Assets and Liabilities:
- Total Assets: $71,176,424
- Total Liabilities: $7,489,861
- Net Assets: $63,686,563
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL MANAGEMENT FEES
Revenue
$5,659,497
SOCIAL SERVICE INCOME
Revenue
$428,122
DEVELOPER FEES
Revenue
$810,500
Organization Details
Founding Year
1980
Phone
(718) 367-3200Principal Officer
Heng Ly
Main Address
2751 GRAND CONCOURSE, BRONX, NY, 104683001
Website
www.fordham-bedford.org/NTEE Category
Code: L21B - Housing
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