Overview
What is Goodheart Housing Development Fund Company Inc?
Goodheart Housing Development Fund Company Inc is a nonprofit organization situated in Brooklyn, New York. Their primary mission is to cater to the housing needs of low-income and disabled individuals by managing a government-funded housing project. The company does not offer any additional program services beyond providing suitable living spaces for its target demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Goodheart Housing Development Fund Company Inc has received a two-star rating from Charity Navigator, reflecting a score of 74%. The organization excels in accountability and finance, achieving a perfect score of 100%. Strong points include no material diversion of assets and well-established policies such as conflict of interest and whistleblower protections, which are crucial for public trust.
However, the organization faces significant challenges regarding board independence, with no independent members currently serving. Additionally, the lack of transparency is highlighted by missing elements such as the organization's website on tax forms and tax forms posted on their own website. These gaps may hinder stakeholders' ability to assess the nonprofit's operations and overall effectiveness.
Despite its strong program expense ratio, indicating a focus on direct services, the overall rating suggests that improvements in governance and transparency are needed to enhance confidence among donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Goodheart Housing Development Fund Company Inc legitimate?
Goodheart Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goodheart Housing Development Fund Company 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,168
For more financial information, click here
What is the mission statement of Goodheart Housing Development Fund Company Inc?
Goodheart Housing Development Fund Company Inc's mission is centered around providing housing opportunities for individuals who fall under the categories of low income and disability. In pursuit of this goal, the company operates a government housing project, aiming to make a significant impact in the lives of those who need it most. Beyond this primary endeavor, Goodheart Housing Development Fund Company does not offer any other program services.
Who is the CEO of Goodheart Housing Development Fund Company Inc?
Joel Friedman is the President of Goodheart Housing Development Fund Company Inc.
What is the revenue of Goodheart Housing Development Fund Company Inc?
Goodheart Housing Development Fund Company Inc's revenue in 2023 was $1,660,299.
Who are the executives of Goodheart Housing Development Fund Company Inc and what are their salaries?
The average compensation at Goodheart Housing Development Fund Company Inc during 2023 was $30,389. There are 3 employees at Goodheart Housing Development Fund Company Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Goodheart Housing Development Fund Company Inc?
Goodheart Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Goodheart Housing Development Fund Company Inc
Goodheart Housing Development Fund Company, as an organization, is committed to a noble mission. Its primary objective is to provide housing solutions for individuals who fall under the low-income and disabled categories. By operating a government housing project, this nonprofit organization is striving to make a significant impact in people's lives, offering them a safe and suitable living environment. Although the information provided does not detail any additional programs or services, it is clear that Goodheart Housing Development Fund Company's mission is centered around addressing the housing needs of those in need.
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Impact
August, 2024
Goodheart Housing Development Fund Company Inc has a significant impact by providing housing to low income and disabled individuals in Brooklyn, NY. Their mission to offer affordable housing to those in need demonstrates their commitment to improving the lives of vulnerable populations in the community. This impact is crucial as access to safe and affordable housing is a fundamental need for individuals to thrive and achieve stability in their lives. By operating a government housing project, Goodheart Housing Development Fund Company Inc plays a vital role in addressing housing challenges and creating a positive impact on the lives of those they serve.
This information is meant to be a general summary of Goodheart Housing Development Fund Company 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 2023.
- Investment Income: $520
- Program Service Revenue: $1,659,779
- Gross Receipts: $1,660,299
Assets and Liabilities:
- Total Assets: $2,250,703
- Total Liabilities: $1,289,026
- Net Assets: $961,677
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SVCE REVENUE
Revenue
$1,657,013
SERVICES
Revenue
$2,766
Organization Details
Founding Year
1983
Phone
(718) 963-4225Principal Officer
Joel Friedman
Main Address
166 SOUTH 9TH STREET, BROOKLYN, NY, 11211
NTEE Category
Code: L21Z - Housing
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