Overview
What is St Andrews Hdfc Inc C/O The Amistad Management Corp?
St. Andrews HDFC Inc, in association with The Amistad Management Corp, is a nonprofit organization situated in Bronx, New York. Their primary mission is to provide affordable residential housing for the elderly, specifically through the Section 8 Housing Assistance Payments Program, which is regulated by the U.S. Department of Housing and Urban Development. This program aims to assist low-income individuals in securing suitable living arrangements. With a dedicated workforce of just two individuals, the organization works tirelessly to ensure that the elderly have access to comfortable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
St Andrews Hdfc Inc C/O The Amistad Management Corp has received a Two-Star rating from Charity Navigator, primarily due to its Accountability & Finance score. The organization demonstrates strong governance practices, with a fully independent board and thorough financial oversight. Notably, it has a high program expense ratio of 95.69%, indicating that a significant portion of its funds is directed towards its mission-related activities.
Despite these strengths, the organization faces challenges in its financial health, as evidenced by a liabilities to assets ratio of 127.71%, which suggests potential financial instability. While it excels in governance and transparency, concerns regarding its liabilities could impact its long-term sustainability and operational effectiveness.
Overall, while St Andrews Hdfc Inc shows a commitment to accountability and effective fund utilization, the financial concerns highlighted by its ratings indicate that potential donors may want to consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is St Andrews Hdfc Inc C/O The Amistad Management Corp legitimate?
St Andrews Hdfc Inc C/O The Amistad Management Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Andrews Hdfc Inc C/O The Amistad Management Corp 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: $195,942
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What is the mission statement of St Andrews Hdfc Inc C/O The Amistad Management Corp?
St. Andrews HDFC Inc., under the management of The Amistad Corporation, is committed to providing low-income residential housing for the elderly. They achieve this mission through the Section 8 Housing Assistance Payments Program, which is regulated by the U.S. Department of Housing and Urban Development. This program enables the organization to offer affordable housing solutions, ensuring that the elderly population has access to safe and comfortable living spaces. By participating in this program, St. Andrews HDFC Inc. contributes to the well-being and security of the elderly community, providing them with a stable living environment.
Who is the CEO of St Andrews Hdfc Inc C/O The Amistad Management Corp?
Clive Browne is the Director of St Andrews Hdfc Inc C/O The Amistad Management Corp.
What is the revenue of St Andrews Hdfc Inc C/O The Amistad Management Corp?
St Andrews Hdfc Inc C/O The Amistad Management Corp's revenue in 2022 was $1,626,625.
Who are the executives of St Andrews Hdfc Inc C/O The Amistad Management Corp and what are their salaries?
The average compensation at St Andrews Hdfc Inc C/O The Amistad Management Corp during 2022 was $97,971. There are 2 employees and 5 volunteers at St Andrews Hdfc Inc C/O The Amistad Management Corp.
Here are 5 key members and their salaries:
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Where can I find the form 990 for St Andrews Hdfc Inc C/O The Amistad Management Corp?
St Andrews Hdfc Inc C/O The Amistad Management Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of St Andrews Hdfc Inc C/O The Amistad Management Corp
St. Andrews HDFC Inc. C/O The Amistad Management Corp, as a mission-driven organization, is dedicated to providing low-income residential rental housing for the elderly community. This is accomplished through their participation in the Section 8 Housing Assistance Payments Program, which is regulated by the U.S. Department of Housing and Urban Development. By doing so, the organization aims to offer a housing solution that caters specifically to the elderly population, ensuring they have access to safe and affordable living spaces. This mission is instrumental in addressing the housing needs of an often overlooked demographic, thereby contributing to their overall well-being.
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Impact
August, 2024
St Andrews Hdfc Inc C/O The Amistad Management Corp has a significant impact on providing low-income residential rental housing to the elderly through the Section 8 Housing Assistance Payments Program regulated by the U.S. Department of Housing and Urban Development. Their mission to offer affordable housing to this vulnerable population helps improve their quality of life and ensures they have a safe and stable place to live. This organization plays a crucial role in addressing the housing needs of low-income elderly individuals in the Bronx, NY, and contributes to promoting social equity and improving community well-being.
This information is meant to be a general summary of St Andrews Hdfc Inc C/O The Amistad Management Corp. 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: $89
- Program Service Revenue: $1,626,536
- Gross Receipts: $1,626,625
Assets and Liabilities:
- Total Assets: $5,591,129
- Total Liabilities: $7,140,965
- Net Assets: -$1,549,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUBSIDIES
Revenue
$1,328,808
RENTAL INCOME
Revenue
$297,728
Organization Details
Founding Year
1979
Phone
(516) 285-7500Principal Officer
Clive Browne
Main Address
2155 VIRGIL PLACE, BRONX, NY, 10473
NTEE Category
Code: L22 - Housing
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