Overview
What is 384 Grand Street Hdfc Inc C/O Tuc Management Company Inc?
384 Grand Street Hdfc Inc, under the management of Tuc Management Company Inc, is a nonprofit organization situated in New York City, specifically at 200 West 57th Street 702, New York, NY 10019. Their primary purpose is to offer affordable residential housing facilities for individuals with low- and moderate-income. They accomplish this mission by owning and operating a 26-unit apartment building located at 384 Grand Street, New York, New York. This nonprofit organization is dedicated to providing affordable living solutions to those in need.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79%, Three-Star out of Four Star rating.
384 Grand Street HDFC Inc has received a respectable Three-Star rating from Charity Navigator, indicating a solid performance in its accountability and finance practices. The organization boasts a strong Accountability & Finance Score of 79, reflecting its commitment to responsible financial management and transparency.
Key strengths include having a fully independent board consisting of 100% independent members and a low liabilities to assets ratio of 1.62%. The organization has also implemented various policies like a conflict of interest policy and a whistleblower policy, ensuring ethical governance and operational integrity. Furthermore, it has shown a commendable program expense ratio of 72.14%, demonstrating a significant portion of funds directed towards its programs.
Despite these positive aspects, the rating is based solely on the accountability and finance components, which may limit insights into other critical areas such as program effectiveness or community impact. Overall, while 384 Grand Street HDFC Inc shows strong financial practices, potential donors may wish to seek additional information on its programs and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is 384 Grand Street Hdfc Inc C/O Tuc Management Company Inc legitimate?
384 Grand Street Hdfc Inc C/O Tuc Management Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 384 Grand Street Hdfc Inc C/O Tuc Management 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: $0
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What is the mission statement of 384 Grand Street Hdfc Inc C/O Tuc Management Company Inc?
The organization, 384 Grand Street Hdfc Inc C/O Tuc Management Company Inc, is committed to providing affordable residential housing facilities. Their mission is to cater to individuals with low and moderate incomes, ensuring they have access to suitable living spaces. The organization operates and manages a 26-unit apartment complex as part of this mission, providing affordable housing options. By doing so, they aim to contribute positively to their community, ensuring that everyone has a decent place to call home, regardless of their income level.
Who is the CEO of 384 Grand Street Hdfc Inc C/O Tuc Management Company Inc?
Donald Hong is the President of 384 Grand Street Hdfc Inc C/O Tuc Management Company Inc.
What is the revenue of 384 Grand Street Hdfc Inc C/O Tuc Management Company Inc?
384 Grand Street Hdfc Inc C/O Tuc Management Company Inc's revenue in 2022 was $749,334.
Who are the executives of 384 Grand Street Hdfc Inc C/O Tuc Management Company Inc and what are their salaries?
There 4 volunteers at 384 Grand Street Hdfc Inc C/O Tuc Management Company Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for 384 Grand Street Hdfc Inc C/O Tuc Management Company Inc?
384 Grand Street Hdfc Inc C/O Tuc Management Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 384 Grand Street Hdfc Inc C/O Tuc Management Company Inc
384 Grand Street HDFC Inc C/O Tuc Management Company Inc is committed to providing affordable residential housing facilities for individuals with low- and moderate-income. The organization's mission is to make housing accessible for those who may struggle financially, ensuring they have a secure place to call home. To accomplish this, 384 Grand Street HDFC Inc C/O Tuc Management Company Inc owns and operates a 26-unit apartment building, offering a comfortable living space for those in need. By providing affordable housing, the nonprofit contributes to the well-being and stability of its community members, enabling them to focus on other aspects of their lives.
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Impact
August, 2024
384 Grand Street Hdfc Inc C/O Tuc Management Company Inc's impact lies in providing affordable residential housing facilities for individuals with low- and moderate-incomes in New York, New York. The organization owns and operates a 26-unit apartment complex, offering a vital resource for individuals in need of affordable housing in a city known for its high cost of living. By offering these housing options, 384 Grand Street Hdfc Inc contributes to addressing the issue of affordable housing and helps support individuals in securing stable living arrangements despite financial constraints.
This information is meant to be a general summary of 384 Grand Street Hdfc Inc C/O Tuc Management 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 2022.
- Investment Income: $15,338
- Program Service Revenue: $603,238
- Gross Receipts: $766,693
Assets and Liabilities:
- Total Assets: $6,227,193
- Total Liabilities: $101,386
- Net Assets: $6,125,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$603,238
Organization Details
Founding Year
1984
Phone
(212) 765-7900Principal Officer
Donald Hong
Main Address
200 WEST 57TH STREET 702, NEW YORK, NY, 10019
NTEE Category
Code: L21 - Housing
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