Overview
What is El Cemi Housing Development Fund Co Inc C/O Acacia Network?
El Cemi Housing Development Fund Co Inc, under the guidance of Acacia Network, is a nonprofit organization situated in the Bronx, New York. Their primary mission is to offer permanent, affordable housing for older, low-income individuals who are homeless. By providing a supportive environment, they aim to cater to the social needs of their 52 tenants through various services. Their housing model is based on single room occupancy, ensuring they cater to this specific demographic effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
El Cemi Housing Development Fund Co Inc, affiliated with Acacia Network, has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. The organization scores well in governance with a perfect score for the majority of independent board members and board size, demonstrating a commitment to independent oversight.
Financially, the organization shows a strong program expense ratio at 92.12%, suggesting a significant portion of its budget is directed towards program services rather than administrative costs. Additionally, the liabilities to assets ratio of 27.43% indicates a manageable level of debt compared to its assets, which is a positive sign for financial health.
However, the compensation for key personnel raises some concerns, particularly with high salaries for executive positions, which may affect public perception and trust. While the organization demonstrates solid financial practices and governance, the high executive pay could lead to criticism regarding the allocation of funds.
This AI summary has been generated from information found on Charity Navigator.
Is El Cemi Housing Development Fund Co Inc C/O Acacia Network legitimate?
El Cemi Housing Development Fund Co Inc C/O Acacia Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. El Cemi Housing Development Fund Co Inc C/O Acacia Network 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 El Cemi Housing Development Fund Co Inc C/O Acacia Network?
The mission of El Cemi Housing Development Fund Co Inc, under the management of Acacia Network, is centered around providing permanent, affordable housing for older, low-income individuals who are homeless. This housing is offered in a supportive environment, complete with essential social services designed specifically for its 52 residents. The organization's goal is to offer a safe and stable living situation, enhancing their quality of life while addressing their unique needs.
Who is the CEO of El Cemi Housing Development Fund Co Inc C/O Acacia Network?
Vicky Gatell is the President of El Cemi Housing Development Fund Co Inc C/O Acacia Network. The CEO's salary of El Cemi Housing Development Fund Co Inc C/O Acacia Network is $0 and their total compensation is $576,876.
What is the revenue of El Cemi Housing Development Fund Co Inc C/O Acacia Network?
El Cemi Housing Development Fund Co Inc C/O Acacia Network's revenue in 2022 was $494,705.
Who are the executives of El Cemi Housing Development Fund Co Inc C/O Acacia Network and what are their salaries?
Here are 10 key members and their salaries (El Cemi Housing Development Fund Co Inc C/O Acacia Network's CEO's salary is $0 and their total compensation is $576,876):
- Compensation: $0
- Related: $848,126
- Other: $68,233
- Compensation: $0
- Related: $532,283
- Other: $44,593
- Compensation: $0
- Related: $517,229
- Other: $37,746
- Compensation: $0
- Related: $404,476
- Other: $38,707
- Compensation: $0
- Related: $421,681
- Other: $15,109
- Compensation: $0
- Related: $306,593
- Other: $37,802
- Compensation: $0
- Related: $0
- Other: $0
- 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 El Cemi Housing Development Fund Co Inc C/O Acacia Network?
El Cemi Housing Development Fund Co Inc C/O Acacia Network's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of El Cemi Housing Development Fund Co Inc C/O Acacia Network
El Cemi Housing Development Fund Co Inc C/O Acacia Network is dedicated to providing a solution for the homelessness issue, specifically targeting older, low-income individuals. Their mission is to offer permanent, affordable housing in a supportive environment, complete with social services for their 52 tenants. This housing complex aims to create a safe and nurturing space for its residents, providing them with the essential care they need to rebuild their lives. The organization's goal is to break the cycle of homelessness for its older tenants, offering them a chance at a stable living situation.
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Impact
July, 2024
El Cemi Housing Development Fund Co Inc, operating under the Acacia Network, provides permanent affordable housing for older low-income homeless individuals in the Bronx, NY. This initiative not only offers a place to live but also creates a supportive environment with social services for its 52 tenants. By addressing the critical issue of homelessness among older adults, El Cemi Housing Development Fund Co Inc positively impacts the lives of those in need by giving them a stable home and access to essential services. Their work contributes to improving the quality of life for vulnerable individuals in the community.
This information is meant to be a general summary of El Cemi Housing Development Fund Co Inc C/O Acacia Network. 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.
- Program Service Revenue: $494,541
- Gross Receipts: $494,705
Assets and Liabilities:
- Total Assets: $4,618,058
- Total Liabilities: $1,198,065
- Net Assets: $3,419,993
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$494,541
Organization Details
Founding Year
1989
Phone
(347) 649-3234Principal Officer
Vicky Gatell
Main Address
300 East 175th St, Bronx, NY, 10457
NTEE Category
Code: L21 - Housing
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