Overview
What is Gemilas Chesed Inc?
Gemilas Chesed Inc, located in Monsey, New York, serves as a nonprofit organization that extends aid to local families in distress or charitable organizations in need. Their primary mission is to provide interest-free loans and direct monetary assistance, operating in accordance with their organization's function. The purpose of these resources is to support those facing financial difficulties, thereby alleviating their burdens. This humanitarian organization aims to make a positive impact in its community by extending a helping hand during times of crisis.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Gemilas Chesed Inc has achieved a commendable Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance with a score of 87%. This score is derived solely from its accountability and finance metrics, indicating the organization's commitment to transparency and responsible management of resources.
The organization demonstrates excellent governance practices, with 100% of its board members being independent. Additionally, it has no material diversion of assets, which reinforces its integrity. The charity maintains comprehensive policies, including conflict of interest, whistleblower, and document retention policies, all of which contribute to its solid ethical framework.
While the rating is strong, it is important to note that it is based solely on financial accountability. Future assessments might benefit from including programmatic effectiveness or impact metrics to provide a more holistic view of the organization’s overall performance and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Gemilas Chesed Inc legitimate?
Gemilas Chesed Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gemilas Chesed Inc 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.
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Other Salaries and Wages: $0
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Official website here: www.none
What is the mission statement of Gemilas Chesed Inc?
Gemilas Chesed Inc's mission is centered around providing aid to local families in need or charitable organizations facing crises. The organization accomplishes this by offering interest-free loans and direct monetary assistance when required. Their primary goal is to alleviate financial burdens during difficult times, ensuring that essential support continues to flow within the community. Various grants and interest-free loans are provided in accordance with the organization's functions.
Official website here: www.none
Who is the CEO of Gemilas Chesed Inc?
Leon E Goldfischer is the Ass Treas of Gemilas Chesed Inc.
Official website here: www.none
What is the revenue of Gemilas Chesed Inc?
Gemilas Chesed Inc's revenue in 2022 was $51,894.
Official website here: www.none
Who are the executives of Gemilas Chesed Inc and what are their salaries?
Here are 3 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Gemilas Chesed Inc
Gemilas Chesed Inc, a nonprofit organization, is dedicated to providing relief for local families and charitable organizations in crisis. Their mission is to extend a helping hand through the provision of interest-free loans and direct monetary assistance. By offering such financial aid, Gemilas Chesed Inc aims to alleviate the burdens faced by those in need, thereby contributing to their overall well-being and stability. The organization's functional activities encompass granting various loans and monetary assistance, all in accordance with their mission.
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Impact
August, 2024
Gemilas Chesed Inc has a significant impact on local needy families and charitable organizations in crisis by providing them with interest-free loans and direct monetary assistance. Through their philanthropic efforts, Gemilas Chesed Inc helps alleviate financial burdens and provides crucial support to those facing hardships. Their grants and loans play a vital role in assisting individuals and organizations in need within the Monsey community. By offering these financial resources without interest, Gemilas Chesed Inc demonstrates a commitment to compassionate and impactful giving that directly benefits those most in need.
This information is meant to be a general summary of Gemilas Chesed Inc. 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: $9,776
- Gross Receipts: $51,894
Assets and Liabilities:
- Total Assets: $1,336,974
- Total Liabilities: $132,928
- Net Assets: $1,204,046
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Organization Details
Founding Year
1996
Principal Officer
Leon E Goldfischer
Main Address
6 MEADOW LA, MONSEY, NY, 10952
Website
www.noneNTEE Category
Code: T700 - Philanthropy
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