Overview
What is Belmont Boulevard Hdfc Inc?
Belmont Boulevard Hdfc Inc is a dedicated nonprofit organization situated in the Bronx, New York, specifically at 780 East 185th Street. Their primary mission is to offer affordable housing solutions for senior citizens and individuals with disabilities, falling under the Section 202/08 program, which is overseen by the U.S. Department of Housing and Urban Development (HUD). This program is designed to provide subsidized housing opportunities, ensuring that these vulnerable groups can maintain a comfortable living situation. With a workforce of ten dedicated individuals, Belmont Boulevard Hdfc Inc continues to make a significant impact in its community, addressing the critical need for affordable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Belmont Boulevard Hdfc Inc received a Two-Star out of Four Star rating from Charity Navigator, indicating the organization has room for improvement in its accountability and financial practices. With an overall score of 60%, the nonprofit struggles with board independence, having only 33% independent members. However, it has demonstrated strong financial oversight with no material diversion of assets and high program expense ratios, showing a commitment to its mission.
Despite the strengths in financial management, the lack of a robust independent board and missing components like a website listed on its tax form highlight significant governance issues. The organization has some policies in place, such as a conflict of interest policy and a whistleblower policy, which are commendable but not sufficient to overcome the governance shortcomings. Moreover, the high liabilities to assets ratio raises concerns about financial stability.
Overall, while Belmont Boulevard Hdfc Inc is performing well in certain areas, particularly in program expenses, the limitations in board structure and transparency practices suggest a need for considerable improvement to enhance its accountability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Belmont Boulevard Hdfc Inc legitimate?
Belmont Boulevard Hdfc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont Boulevard Hdfc 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: $133,087
For more financial information, click here
What is the mission statement of Belmont Boulevard Hdfc Inc?
Belmont Boulevard Hdfc Inc is dedicated to providing affordable subsidized housing for senior citizens and handicapped individuals. This is carried out under the Section 202/08 program, which falls under the jurisdiction of the U.S. Department of Housing & Urban Development (H.U.D). Their mission is centered around making housing accessible and affordable for these specific groups of individuals, contributing to their overall well-being and quality of life. By doing so, the organization plays a significant role in fostering a supportive living environment for these individuals who may require additional assistance.
Who is the CEO of Belmont Boulevard Hdfc Inc?
Consolato Cicciu is the President of Belmont Boulevard Hdfc Inc.
What is the revenue of Belmont Boulevard Hdfc Inc?
Belmont Boulevard Hdfc Inc's revenue in 2022 was $1,518,607.
Who are the executives of Belmont Boulevard Hdfc Inc and what are their salaries?
The average compensation at Belmont Boulevard Hdfc Inc during 2022 was $13,309. There are 10 employees at Belmont Boulevard Hdfc Inc.
Here are 3 key members and their salaries:
- 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 Belmont Boulevard Hdfc Inc?
Belmont Boulevard Hdfc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Belmont Boulevard Hdfc Inc
Belmont Boulevard HDFC Inc, a nonprofit organization, is dedicated to providing affordable subsidized housing for senior citizens and individuals with disabilities. This mission is carried out under the Section 202/08 program, which falls under the jurisdiction of the U.S. Department of Housing and Urban Development (HUD). The organization's primary goal is to ensure that these vulnerable groups have access to safe, comfortable, and affordable living spaces. By doing so, Belmont Boulevard HDFC Inc aims to contribute to their overall well-being and independence, fostering a sense of community and dignity among its residents.
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Impact
August, 2024
Belmont Boulevard Hdfc Inc's impact lies in providing affordable subsidized housing for senior citizens and handicapped individuals under the Section 202/08 program, overseen by the U.S. Department of Housing & Urban Development (HUD). By offering housing solutions for vulnerable populations in Bronx, NY, this organization plays a crucial role in addressing the pressing need for affordable housing in the community. Their mission contributes to enhancing the quality of life and promoting the well-being of seniors and handicapped individuals, ensuring they have a safe and stable place to call home. Through their dedicated efforts, Belmont Boulevard HDFC Inc helps to alleviate housing insecurity and support the independence and dignity of those they serve.
This information is meant to be a general summary of Belmont Boulevard Hdfc 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: $95
- Program Service Revenue: $1,517,704
- Gross Receipts: $1,518,607
Assets and Liabilities:
- Total Assets: $1,350,902
- Total Liabilities: $8,344,100
- Net Assets: -$6,993,198
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS POTENTIAL RENT
Revenue
$346,594
TENANT ASSISTANCE PMT
Revenue
$1,205,998
SUPER RENT FREE UNIT
Revenue
$14,400
VACANCIES
Revenue
-$49,288
Organization Details
Founding Year
1992
Principal Officer
Consolato Cicciu
Main Address
780 EAST 185TH STREET, BRONX, NY, 10460
NTEE Category
Code: L21 - Housing
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