Overview
What is Mapes Boulevard Housing Development Fund Corporation?
Mapes Boulevard Housing Development Fund Corporation is a nonprofit organization established with the purpose of developing and operating a housing project in the Bronx, New York, catering to individuals of low income. Their mission is centered around providing affordable housing solutions for this demographic, aiming to contribute positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator rates the Mapes Boulevard Housing Development Fund Corporation with a score of 64%, resulting in a Two-Star out of Four Star rating. This rating indicates that while the organization meets certain standards in accountability and finance, it still has significant areas for improvement. The score is primarily impacted by its lack of an independent board and transparency issues related to the availability of financial documents on its website.
The organization demonstrates strengths in its financial oversight, as indicated by perfect scores in areas such as audit and oversight committee functions, conflict of interest policy, and document retention. Additionally, it has a commendable program expense ratio, indicating that funds are directed toward its mission-driven activities. However, the absence of independent board members and the lack of publicly accessible financial documentation detracts from its overall accountability.
Limitations highlighted include a poor performance in website transparency, with critical documents not being posted, which raises concerns for potential donors and stakeholders. Furthermore, the liabilities to assets ratio indicates financial risk, which could be a worry for those considering support. Overall, while the organization shows commitment to certain governance practices, significant gaps in transparency and board independence need to be addressed to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Mapes Boulevard Housing Development Fund Corporation legitimate?
Mapes Boulevard Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mapes Boulevard Housing Development Fund Corporation 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: $139,387
For more financial information, click here
What is the mission statement of Mapes Boulevard Housing Development Fund Corporation?
The Mapes Boulevard Housing Development Fund Corporation was established with the mission to develop and manage a housing project aimed at accommodating individuals of low income. This organization's primary objective is to own and operate a housing project, providing affordable living spaces for this specific demographic. The corporation's activities are centered around the development and operation of such housing projects, contributing to the housing needs of individuals with limited financial resources.
Who is the CEO of Mapes Boulevard Housing Development Fund Corporation?
Adam Weinstein is the President/Ceo of Mapes Boulevard Housing Development Fund Corporation. The CEO's salary of Mapes Boulevard Housing Development Fund Corporation is $0 and their total compensation is $953,278.
What is the revenue of Mapes Boulevard Housing Development Fund Corporation?
Mapes Boulevard Housing Development Fund Corporation's revenue in 2022 was $1,046,432.
Who are the executives of Mapes Boulevard Housing Development Fund Corporation and what are their salaries?
The average compensation at Mapes Boulevard Housing Development Fund Corporation during 2022 was $27,877. There are 5 employees at Mapes Boulevard Housing Development Fund Corporation.
Here are 6 key members and their salaries (Mapes Boulevard Housing Development Fund Corporation'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: $326,830
- Other: $74,122
- Compensation: $0
- Related: $301,098
- Other: $58,003
Where can I find the form 990 for Mapes Boulevard Housing Development Fund Corporation?
Mapes Boulevard Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mapes Boulevard Housing Development Fund Corporation
Mapes Boulevard Housing Development Fund Corporation was established with a mission to develop and manage a housing project catering to individuals of low income. The organization's primary goal is to own and operate a residential complex within the Bronx, New York, providing affordable housing solutions for those in need. By doing so, Mapes Boulevard Housing Development Fund Corporation aims to contribute to the community by creating a comfortable living space for its residents, thereby enhancing their overall quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Mapes Boulevard Housing Development Fund Corporation's impact lies in its mission to provide affordable housing options for low-income individuals in the Bronx, NY. By developing and operating a housing project specifically tailored to meet the needs of this demographic, the organization directly addresses the pressing issue of housing insecurity in the community. Through its dedicated efforts, Mapes Boulevard HDFC contributes to improving the quality of life for individuals who may otherwise struggle to find affordable and safe housing options.
This information is meant to be a general summary of Mapes Boulevard Housing Development Fund Corporation. 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: $1,184
- Program Service Revenue: $1,020,884
- Gross Receipts: $1,046,432
Assets and Liabilities:
- Total Assets: $2,055,062
- Total Liabilities: $7,752,120
- Net Assets: -$5,697,058
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$1,020,884
Organization Details
Founding Year
1988
Phone
(212) 243-9090Principal Officer
Adam Weinstein
Main Address
902 BROADWAY 13TH FLOOR, NEW YORK, NY, 10010
NTEE Category
Code: L20 - Housing
If you are a representative of Mapes Boulevard Housing Development Fund Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.