Overview
What is Gates Avenue Hdfc?
Gates Avenue HDFC is a nonprofit organization situated in Bedford-Stuyvesant, Brooklyn, specifically at 345 E 102ND ST STE 305, New York, NY 10029. Its primary mission is to provide affordable and decent housing for individuals of low income. Initially established and renovated by The Doe Fund in 1990, the 61-bed residence offers a supportive community for individuals who have experienced homelessness or recently emerged from incarceration. The residence features two-person rooms with individual keys, promoting a sense of ownership and independence. Gates Avenue HDFC is renowned for its "three-legged stool" model, offering paid work, housing, and support services to its residents, which has proven successful in helping thousands transition out of homelessness and reducing recidivism rates by 62%. The organization also provides resources tailored to the diverse needs of its residents, including case management, career training, addiction recovery, and basic education.
Official website here: www.doe.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star rating)
Gates Avenue Hdfc has received a Two-Star rating from Charity Navigator, highlighting a moderate level of accountability and finance management. While the organization achieved full points for its program expense ratio and material diversion of assets, it has significant concerns regarding its board independence, with no independent members currently serving. This lack of diversity in board membership can be seen as a limitation for governance and oversight.
The organization does demonstrate strengths in its financial committee and transparency policies. It has a well-defined audit and oversight committee, along with comprehensive conflict of interest and whistleblower policies. Additionally, it maintains proper documentation practices, including minutes from board meetings, reinforcing its commitment to transparency.
However, the charity's liabilities exceeding assets and the absence of its tax form on their website raise concerns about financial stability and accessibility of information to the public. These factors contribute to the overall low rating, suggesting that while Gates Avenue Hdfc is meeting some standards, there is significant room for improvement in governance practices and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Gates Avenue Hdfc legitimate?
Gates Avenue Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gates Avenue Hdfc 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: $3,800
For more financial information, click here
Official website here: www.doe.org
What is the mission statement of Gates Avenue Hdfc?
Gates Avenue Hdfc is a charitable organization with a mission to provide housing solutions for individuals of low income and those in need. It is established for the purpose of owning, constructing, rehabilitating, leasing, managing, equipping, maintaining, developing, and operating a housing project. The corporation aims to offer clean and decent temporary or permanent housing facilities to those in need, charging a modest price without seeking profit. The housing project is located at 520 Gates Avenue, but the specific location is not the focus of the mission statement.
Official website here: www.doe.org
Who is the CEO of Gates Avenue Hdfc?
Jennifer Mitchell is the Principal Officer of Gates Avenue Hdfc. The CEO's salary of Gates Avenue Hdfc is $0 and their total compensation is $481,312.
Official website here: www.doe.org
What is the revenue of Gates Avenue Hdfc?
Gates Avenue Hdfc's revenue in 2022 was $669,722.
Official website here: www.doe.org
Who are the executives of Gates Avenue Hdfc and what are their salaries?
There 13 volunteers at Gates Avenue Hdfc.
Here are 15 key members and their salaries (Gates Avenue Hdfc's CEO's salary is $0 and their total compensation is $481,312):
- Compensation: $0
- Related: $455,523
- Other: $25,789
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- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- 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
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $267,213
- Other: $44,828
Official website here: www.doe.org
Where can I find the form 990 for Gates Avenue Hdfc?
Gates Avenue Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.doe.org
Learn more at the official website: www.doe.org
Mission Statement of Gates Avenue Hdfc
Gates Avenue HDFC, a charitable organization, is dedicated to an extraordinary purpose. Its mission revolves around the development and operation of a housing project, catering to individuals of low income and those in need. The corporation is structured solely for this charitable objective, aiming to own, construct, rehabilitate, lease, manage, equip, maintain, develop, and operate such a housing project. The core goal of Gates Avenue HDFC is to provide clean, decent, and affordable permanent or temporary housing facilities for those in need, charging a modest price without seeking profit. This commitment to providing suitable accommodations underscores its dedication to improving the lives of its beneficiaries.
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Impact
July, 2024
Gates Avenue Hdfc's impact lies in its provision of essential housing and support services for individuals facing homelessness or reintegration from incarceration. Through the development and operation of the housing project at 520 Gates Avenue in Brooklyn, Gates Avenue Hdfc offers a dignified and community-oriented living environment for those in need. By implementing a "three-legged stool" model that combines paid work, housing, and supportive services, Gates Avenue contributes significantly to successful transitions out of homelessness. This unique approach not only fosters a sense of community but also provides crucial resources tailored to diverse needs, including case management, career training, addiction recovery, and adult basic education. Studies have shown that this model significantly reduces the chance of recidivism, highlighting the tangible and positive impact of Gates Avenue Hdfc's work on individuals' lives.
This information is meant to be a general summary of Gates Avenue Hdfc. 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.
- Gross Receipts: $669,722
Assets and Liabilities:
- Total Assets: $13,592,054
- Total Liabilities: $13,754,459
- Net Assets: -$162,405
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Organization Details
Founding Year
1989
Phone
(212) 628-5207Principal Officer
Jennifer Mitchell
Main Address
345 E 102ND ST STE 305, NEW YORK, NY, 10029
Website
www.doe.orgNTEE Category
Code: L20Z - Housing
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