Overview
What is Edison Arms Housing Development Fund Co?
Edison Arms Housing Development Fund Co is a nonprofit organization situated in Bronx, New York, specifically at 2828 Decatur Avenue. Their primary mission is to offer housing solutions for the elderly and individuals with disabilities. The organization has successfully provided 70 such apartments, fulfilling its commitment to this cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Edison Arms Housing Development Fund Co has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The charity's overall score is based entirely on its accountability and finance metrics, which demonstrate robust governance practices and responsible financial management.
The organization boasts a fully independent board, contributing to its high score across various accountability measures. With a significant program expense ratio of 90.29%, Edison Arms effectively allocates funds towards its core mission, ensuring that the majority of its resources directly support its programs. Additionally, the charity has established comprehensive policies regarding conflict of interest, whistleblower protection, and document retention, further highlighting its commitment to transparency.
While the rating reflects a solid performance in financial management and governance, specific programmatic impacts or beneficiary feedback are not covered in this financial evaluation. Potential donors may want to research further into the organization's operational effectiveness and the real-world outcomes of its housing initiatives. Overall, Edison Arms Housing Development Fund Co stands out as a well-managed nonprofit with a strong financial footing.
This AI summary has been generated from information found on Charity Navigator.
Is Edison Arms Housing Development Fund Co legitimate?
Edison Arms Housing Development Fund Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edison Arms Housing Development Fund Co 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: $114,290
For more financial information, click here
What is the mission statement of Edison Arms Housing Development Fund Co?
Edison Arms Housing Development Fund Co is committed to providing housing solutions for two specific groups: the elderly and individuals with disabilities. Their mission is centered around creating and maintaining a total of 70 apartments, serving as homes for these individuals who may require additional support and care. By offering suitable living spaces, the organization aims to contribute to their overall well-being and quality of life.
Who is the CEO of Edison Arms Housing Development Fund Co?
Claire V Benitez is the Asst. Treasurer of Edison Arms Housing Development Fund Co.
What is the revenue of Edison Arms Housing Development Fund Co?
Edison Arms Housing Development Fund Co's revenue in 2022 was $1,579,340.
Who are the executives of Edison Arms Housing Development Fund Co and what are their salaries?
There 4 volunteers at Edison Arms Housing Development Fund Co.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $84,928
- 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
Where can I find the form 990 for Edison Arms Housing Development Fund Co?
Edison Arms Housing Development Fund Co's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Edison Arms Housing Development Fund Co
Edison Arms Housing Development Fund Co is a nonprofit organization dedicated to providing housing solutions for the elderly and individuals with disabilities. Its primary mission is to offer a living space that caters to their unique needs. As stated, the organization has successfully provided 70 apartments to accommodate this demographic, demonstrating its commitment to this cause. By offering housing for the aged and handicapped, Edison Arms Housing Development Fund Co aims to ensure these individuals have a safe and suitable living environment, thereby enhancing their quality of life.
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Impact
August, 2024
Edison Arms Housing Development Fund Co's impact can be seen in the provision of 70 apartments dedicated to housing for the aged and handicapped in Bronx, NY. Through this initiative, the organization is directly addressing the housing needs of vulnerable populations, ensuring they have a safe and supportive living environment. By focusing on providing housing for the aged and handicapped, Edison Arms Housing Development Fund Co is making a tangible difference in the lives of individuals who may face challenges in finding appropriate accommodation.
This information is meant to be a general summary of Edison Arms Housing Development Fund Co. 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: $48
- Program Service Revenue: $219,028
- Gross Receipts: $1,579,340
Assets and Liabilities:
- Total Assets: $3,153,292
- Total Liabilities: $24,206
- Net Assets: $3,129,086
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$218,308
GARAGE AND PARKING REVENUE
Revenue
$720
Organization Details
Founding Year
1990
Phone
(718) 584-5101Principal Officer
Claire V Benitez
Main Address
2828 Decatur Avenue, Bronx, NY, 10458
NTEE Category
Code: L200 - Housing
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