Overview
What is 2136 Crotona Parkway Hdfc- C/O Phipps Houses?
2136 Crotona Parkway Hdfc- C/O Phipps Houses is a nonprofit organization established to create and manage a 63-unit housing project primarily aimed at providing temporary shelter to previously homeless families. Located in the Bronx, New York, this organization, known as 2136 Crotona Parkway Housing Development Fund Corporation, has a mission to develop, own, and operate this housing project to assist families in transition. As per the given information, the organization's activities and mission have been focused on providing temporary housing solutions, with a total of 4 employees dedicated to this cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (59%)
2136 Crotona Parkway HDFC - C/O Phipps Houses has received a low rating of 1 star from Charity Navigator, indicating significant concerns regarding accountability and financial practices. With an overall score of 59%, the organization’s evaluation is primarily driven by its accountability and finance metrics.
The nonprofit demonstrates several strengths in its governance policies, such as having a conflict of interest policy, a whistleblower policy, and a documented retention and destruction policy, all of which scored full points. Additionally, the organization maintains a strong program expense ratio of 95.85%, suggesting that a significant majority of its expenses are directed towards its programs rather than administrative overhead.
However, a critical area of concern is its liabilities to assets ratio, which stands at 149.63%. This indicates an unfavorable financial position, raising questions about sustainability and financial health. While the organization shows effective accountability measures, its financial liabilities present limitations that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is 2136 Crotona Parkway Hdfc- C/O Phipps Houses legitimate?
2136 Crotona Parkway Hdfc- C/O Phipps Houses is a legitimate nonprofit organization registered as a 501(c)(3) entity. 2136 Crotona Parkway Hdfc- C/O Phipps Houses 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
For more financial information, click here
What is the mission statement of 2136 Crotona Parkway Hdfc- C/O Phipps Houses?
The organization formed as 2136 Crotona Parkway HDFC, under the oversight of Phipps Houses, was established with a primary goal of developing, owning, and operating a 63-unit housing project. This project was intended to provide temporary shelter for formerly homeless families, offering them a place to call home during their transition period. The 2136 Crotona Parkway Housing Development Fund Corporation's mission involved offering low-income housing to 63 families, comprising 62 transitional and 1 permanent apartment unit, at the Sojourner Truth Residence. As of January 31, 2021, the building was closed, and all services were discontinued, with plans to redevelop the site for future affordable housing.
Who is the CEO of 2136 Crotona Parkway Hdfc- C/O Phipps Houses?
Adam Weinstein is the President/Ceo of 2136 Crotona Parkway Hdfc- C/O Phipps Houses. The CEO's salary of 2136 Crotona Parkway Hdfc- C/O Phipps Houses is $0 and their total compensation is $953,278.
What is the revenue of 2136 Crotona Parkway Hdfc- C/O Phipps Houses?
2136 Crotona Parkway Hdfc- C/O Phipps Houses's revenue in 2022 was $6,182.
Who are the executives of 2136 Crotona Parkway Hdfc- C/O Phipps Houses and what are their salaries?
There are 4 employees and 6 volunteers at 2136 Crotona Parkway Hdfc- C/O Phipps Houses.
Here are 6 key members and their salaries (2136 Crotona Parkway Hdfc- C/O Phipps Houses's CEO's salary is $0 and their total compensation is $953,278):
- Compensation: $0
- Related: $791,174
- Other: $162,104
- Compensation: $0
- Related: $330,476
- Other: $74,903
- Compensation: $0
- Related: $302,845
- Other: $69,987
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $326,860
- Other: $74,122
- Compensation: $0
- Related: $301,089
- Other: $58,003
Where can I find the form 990 for 2136 Crotona Parkway Hdfc- C/O Phipps Houses?
2136 Crotona Parkway Hdfc- C/O Phipps Houses's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 2136 Crotona Parkway Hdfc- C/O Phipps Houses
2136 Crotona Parkway HDC, or Housing Development Fund Corporation, was established with a mission to develop, own, and manage a 63-unit housing project. This initiative primarily aimed to provide temporary housing solutions for formerly homeless families. The organization's primary objective was to provide low-income housing, with 62 transitional and one permanent apartment unit housed at the Sojourner Truth Residence. As of January 31, 2021, the building was closed, and all services were discontinued, with the intent to redevelop the site for future affordable housing.
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Impact
August, 2024
2136 Crotona Parkway Hdfc, through its Sojourner Truth Residence, had a significant impact by providing low-income housing to 63 families, primarily offering temporary shelter to formerly homeless families. This initiative helped address the critical need for affordable housing in the Bronx, New York, ensuring that vulnerable individuals and families had a safe and stable place to live. The closure of the building in January 2021 marked a transition towards future affordable housing projects, further contributing to the community's housing needs.
This information is meant to be a general summary of 2136 Crotona Parkway Hdfc- C/O Phipps Houses. 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
- Gross Receipts: $6,182
Assets and Liabilities:
- Total Assets: $5,014,673
- Total Liabilities: $7,503,749
- Net Assets: -$2,489,076
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Organization Details
Founding Year
1988
Phone
(212) 243-9090Principal Officer
Adam Weinstein
Main Address
902 BROADWAY 13TH FLOOR, NEW YORK, NY, 100106033
NTEE Category
Code: L200 - Housing
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