Overview
What is Belmont Arthur Avenue Ldc?
Belmont Arthur Avenue Ldc is a nonprofit organization situated in the Bronx, New York, with an address at 660 E 183rd Street. Their primary mission is to sponsor low and moderate income housing projects, thereby providing housing opportunities for the lower income population and those experiencing homelessness. Their work involves HPD/NPC, CCP, HPI, and DHCR programs, all aimed at offering social services in conjunction with affordable and moderate income housing. The organization employs a team of 28 individuals, demonstrating their commitment to this vital cause.
Official website here: www.belmontarthur.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90% - Four-Star out of Four Star rating.
Belmont Arthur Avenue Ldc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored a total of 90% based entirely on its Accountability & Finance metrics, showcasing effective management of resources and transparency in operations. The presence of independent board members contributes positively to the governance structure, with 77% of the board being independent.
The nonprofit demonstrates robust financial practices, including no material diversion of assets and a strong liabilities to assets ratio of 4.63%. Additionally, the organization has comprehensive policies in place, such as a conflict of interest policy and a whistleblower policy, which further bolsters its commitment to ethical governance. However, the program expense ratio at 65.33% indicates that there may be room for improvement in how it allocates expenses toward direct programmatic activities versus administrative costs.
This AI summary has been generated from information found on Charity Navigator.
Is Belmont Arthur Avenue Ldc legitimate?
Belmont Arthur Avenue Ldc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont Arthur Avenue Ldc 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: $1,189,839
For more financial information, click here
Official website here: www.belmontarthur.com
What is the mission statement of Belmont Arthur Avenue Ldc?
Belmont Arthur Avenue Ldc, as an organization, focuses on sponsoring low-income and moderate-income housing projects. Their mission is to create housing opportunities for homeownership for the lower income segment of the population, as well as providing shelter for the homeless. They achieve this through various programs including HPD/NPC, CCP, HPI, and DHCR, which offer social services in conjunction with affordable and moderate-income housing. The organization's activities are geared towards improving housing accessibility and promoting homeownership for those in financial need.
Official website here: www.belmontarthur.com
Who is the CEO of Belmont Arthur Avenue Ldc?
Consolato Cicciu is the Executive Director of Belmont Arthur Avenue Ldc.
Official website here: www.belmontarthur.com
What is the revenue of Belmont Arthur Avenue Ldc?
Belmont Arthur Avenue Ldc's revenue in 2022 was $2,415,760.
Official website here: www.belmontarthur.com
Who are the executives of Belmont Arthur Avenue Ldc and what are their salaries?
The average compensation at Belmont Arthur Avenue Ldc during 2022 was $42,494. There are 28 employees at Belmont Arthur Avenue Ldc.
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Official website here: www.belmontarthur.com
Where can I find the form 990 for Belmont Arthur Avenue Ldc?
Belmont Arthur Avenue Ldc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belmontarthur.com
Learn more at the official website: www.belmontarthur.com
Mission Statement of Belmont Arthur Avenue Ldc
Belmont Arthur Avenue Ldc, as a nonprofit organization, is committed to sponsoring low and moderate income housing projects. Their mission is to create housing opportunities, not just for home ownership, but also for the homeless population. By implementing these projects, they aim to provide a much-needed solution for lower income individuals, helping them secure a place to call their own. In addition to their housing initiatives, Belmont Arthur Avenue Ldc offers social services in conjunction with affordable and moderate income housing programs such as HPD/NPC, CCP, HPI, and DHCR. These services are designed to support the individuals and families living in these housing units, ensuring they have access to the resources they need to thrive.
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Impact
August, 2024
Belmont Arthur Avenue LDC's impact is significant in the Bronx community of New York. By sponsoring low and moderate income housing projects, they are actively creating housing opportunities for homeownership among lower-income and homeless populations. Through their collaboration with HPD/NPC, CCP, HPI, and DHCR programs, they provide social services in conjunction with affordable and moderate income housing. This organization's dedication to community improvement is evident in their efforts to address housing affordability and support those in need of stable housing solutions.
This information is meant to be a general summary of Belmont Arthur Avenue Ldc. 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: $5,794
- Program Service Revenue: $1,057,478
- Gross Receipts: $2,415,760
Assets and Liabilities:
- Total Assets: $7,003,683
- Total Liabilities: $122,093
- Net Assets: $6,881,590
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$881,165
PROGRAMMATIC REVENUE
Revenue
$176,313
Organization Details
Founding Year
1981
Principal Officer
Consolato Cicciu
Main Address
660 E 183RD STREET, BRONX, NY, 10458
Website
www.belmontarthur.comNTEE Category
Code: S20Z - Community improvement
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