Overview
What is Highbridge Community Housing Development Fund Corp?
Highbridge Community Housing Development Fund Corp is a nonprofit organization located in the Bronx, New York, specifically at 1465 Nelson Avenue A. Their primary mission is to provide affordable housing for low-income families, contributing to the community in the Highbridge section of the Bronx. Beyond this, they have also engaged in the development and marketing of two-family homes and have leased land for future development in the same area. With a workforce of 38 individuals, the organization strives to make a positive impact on the local community by providing essential housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Highbridge Community Housing Development Fund Corp has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization achieved a score of 79% overall, primarily driven by its accountability metrics, which garnered a perfect score in several areas, indicating a strong commitment to transparency and governance.
The nonprofit boasts a fully independent board, with 100% of its members meeting independence criteria, and has established robust financial oversight mechanisms. The absence of material diversion of assets and the presence of comprehensive policies like conflict of interest and whistleblower protections further underscore its dedication to ethical practices. Additionally, the program expense ratio is commendable at nearly 87%, showing that a significant portion of its resources is directed towards its mission.
However, the summary does not provide insights into the organization’s programmatic effectiveness or community impact, leaving an incomplete picture of its overall performance. While financial accountability is a clear strength, potential donors or supporters might benefit from additional information regarding the outcomes of the programs and services provided by Highbridge Community Housing Development Fund Corp.
This AI summary has been generated from information found on Charity Navigator.
Is Highbridge Community Housing Development Fund Corp legitimate?
Highbridge Community Housing Development Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Highbridge Community Housing Development Fund 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: $2,206,247
For more financial information, click here
What is the mission statement of Highbridge Community Housing Development Fund Corp?
Highbridge Community Housing Development Fund Corp is committed to providing low-income housing in their operations. Their mission encompasses serving families in various income brackets, including the homeless and those with moderate incomes. Beyond operating a large apartment project, the organization also engages in the development and marketing of two-family homes, and leases land for future development projects in their area of operation. In essence, Highbridge Community Housing Development Fund Corp is dedicated to improving housing accessibility for underprivileged communities.
Who is the CEO of Highbridge Community Housing Development Fund Corp?
Kobina Arhin is the President of Highbridge Community Housing Development Fund Corp. The CEO's salary of Highbridge Community Housing Development Fund Corp is $0 and their total compensation is $316,608.
What is the revenue of Highbridge Community Housing Development Fund Corp?
Highbridge Community Housing Development Fund Corp's revenue in 2022 was $9,848,134.
Who are the executives of Highbridge Community Housing Development Fund Corp and what are their salaries?
The average compensation at Highbridge Community Housing Development Fund Corp during 2022 was $58,059. There are 38 employees at Highbridge Community Housing Development Fund Corp.
Here are 7 key members and their salaries (Highbridge Community Housing Development Fund Corp's CEO's salary is $0 and their total compensation is $316,608):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $292,398
- Other: $24,210
- Compensation: $0
- Related: $110,000
- Other: $5,306
Where can I find the form 990 for Highbridge Community Housing Development Fund Corp?
Highbridge Community Housing Development Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Highbridge Community Housing Development Fund Corp
Highbridge Community Housing Development Fund Corp is dedicated to providing low-income housing solutions in various income brackets, including homeless families. This nonprofit organization has taken active steps in this mission, operating a substantial 722-apartment housing project. Beyond this, Highbridge Community Housing Development Fund Corp has also engaged in the development and marketing of two-family homes, expanding its reach to accommodate more families in need. Furthermore, the organization has leased land for development in the Bronx, New York, demonstrating its commitment to providing affordable housing solutions.
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Impact
August, 2024
Highbridge Community Housing Development Fund Corp's impact can be seen in the provision of low-income housing in the Highbridge section of the Bronx, New York. The organization has operated a 722-apartment-unit project catering to homeless, low-income, and moderate-income families in the area. Additionally, they have been involved in the development and marketing of two-family homes and leasing land for further development within the Bronx. Through these efforts, Highbridge Community Housing Development Fund Corp has played a crucial role in addressing housing challenges and providing affordable living options for individuals and families in need in the community.
This information is meant to be a general summary of Highbridge Community Housing Development Fund 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: $165,477
- Program Service Revenue: $9,682,657
- Gross Receipts: $9,848,134
Assets and Liabilities:
- Total Assets: $37,644,757
- Total Liabilities: $92,055,778
- Net Assets: -$54,411,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$9,150,468
MAINTENANCE MGMT
Revenue
$457,109
Organization Details
Founding Year
1989
Phone
(718) 293-3100Principal Officer
Kobina Arhin
Main Address
1465 NELSON AVENUE A, BRONX, NY, 10452
NTEE Category
Code: L210 - Housing
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