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Gema Hall Hdfc C/O Corazon Mgmt

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133560466 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Gema Hall Hdfc C/O Corazon Mgmt?

Gema Hall Hdfc C/O Corazon Mgmt is a nonprofit organization situated in New York City, specifically at 209 East 118th Street, New York, NY 10035. Their primary mission involves managing an 87-unit residential building, catering to individuals of low income, under an agreement with the City of New York's Department of Housing Preservation and Development. The organization, with a workforce of three employees, plays a crucial role in providing affordable housing options in the city.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 92% (Four-Star out of Four Stars)

Gema Hall Hdfc C/O Corazon Mgmt has received a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial practices. The overall score is based entirely on its accountability and finance, which stands at 92%. This high rating indicates that the organization effectively manages its finances and maintains transparency in its operations.

The organization demonstrates notable strengths, including a board composed entirely of independent members and a robust audit and oversight committee. All aspects of governance, such as conflict of interest and whistleblower policies, are well established, and the organization has no material diversion of assets. A significant portion of its expenses, 82.97%, is allocated directly to programs, highlighting its commitment to its mission.

While the organization has a solid financial standing, it does carry a liabilities to assets ratio of 52.41%, which is acceptable but indicates some level of indebtedness. Overall, Gema Hall Hdfc C/O Corazon Mgmt appears to be a reliable nonprofit with strong governance and financial management, although stakeholders should remain aware of its financial obligations.


This AI summary has been generated from information found on Charity Navigator.

Is Gema Hall Hdfc C/O Corazon Mgmt legitimate?

Gema Hall Hdfc C/O Corazon Mgmt is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gema Hall Hdfc C/O Corazon Mgmt 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: $76,884

For more financial information, click here

What is the mission statement of Gema Hall Hdfc C/O Corazon Mgmt?

Gema Hall Hdfc C/O Corazon Mgmt operates a 87-unit residential building, catering to individuals of low income, under an agreement with the City of New York's Department of Housing Preservation and Development. Their primary mission is to provide affordable housing solutions for this demographic, ensuring they have access to a safe and comfortable living environment. Through this agreement, the organization plays a crucial role in New York City's efforts to maintain affordable housing options for its residents. The building's operation is likely aimed at supporting the city's goal of providing equal opportunities and promoting social equity.

Who is the CEO of Gema Hall Hdfc C/O Corazon Mgmt?

Sr Georgette Lawton is the Cfo of Gema Hall Hdfc C/O Corazon Mgmt. The CEO's salary of Gema Hall Hdfc C/O Corazon Mgmt is $0 and their total compensation is $113,389.

What is the revenue of Gema Hall Hdfc C/O Corazon Mgmt?

Gema Hall Hdfc C/O Corazon Mgmt's revenue in 2022 was $948,113.

Who are the executives of Gema Hall Hdfc C/O Corazon Mgmt and what are their salaries?

The average compensation at Gema Hall Hdfc C/O Corazon Mgmt during 2022 was $25,628. There are 3 employees at Gema Hall Hdfc C/O Corazon Mgmt.


Here are 7 key members and their salaries (Gema Hall Hdfc C/O Corazon Mgmt's CEO's salary is $0 and their total compensation is $113,389):


Akop Ayrapetov (Cfo)
  • Compensation: $0
  • Related: $120,738
  • Other: $0
Millie P Otero (Ceo)
  • Compensation: $0
  • Related: $113,389
  • Other: $0
Anne Ficklen (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Priscilla Ford (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sr Chala M Hill (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sr Bernadette Kenny (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sr Georgette Lawton (Vice. Pres/S)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Gema Hall Hdfc C/O Corazon Mgmt?

Gema Hall Hdfc C/O Corazon Mgmt's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Gema Hall Hdfc C/O Corazon Mgmt

Gema Hall HDFC C/O Corazon Mgmt is committed to serving individuals of low income by managing a 87-unit residential building, under an agreement with the City of New York's Department of Housing Preservation and Development. This nonprofit organization's mission is to provide a secure living space, ensuring that this community has access to affordable housing. The HDFC's efforts contribute to maintaining the quality of life for those in need, promoting stability and self-sufficiency within this population.

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Impact




August, 2024

Gema Hall Hdfc C/O Corazon Mgmt's impact lies in providing affordable housing solutions for low-income individuals in New York City. Operating an 87-unit residential building under an agreement with the City of New York Department of Housing Preservation and Development, this organization plays a crucial role in addressing the housing needs of disadvantaged populations. By offering affordable living spaces, Gema Hall Hdfc C/O Corazon Mgmt contributes to increasing access to safe and decent housing for those facing financial challenges in the city.




This information is meant to be a general summary of Gema Hall Hdfc C/O Corazon Mgmt. 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.

Revenue
$948,113 (2022)
Expenses
$812,862 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $25,588
  • Program Service Revenue: $922,525
  • Gross Receipts: $948,113

Assets and Liabilities:

  • Total Assets: $5,650,585
  • Total Liabilities: $2,961,619
  • Net Assets: $2,688,966

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GROSS RENTAL INCOME

Revenue

$839,569

SOCIAL SERVICE FEES

Revenue

$82,956

Organization Details

Founding Year

1990

Principal Officer

Sr Georgette Lawton

Main Address

209 EAST 118TH STREET, NEW YORK, NY, 10035

NTEE Category

Code: L25Z - Housing

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