Overview
What is 445 Vip Hdfc?
445 Vip Hdfc is a nonprofit organization situated in the South Bronx, New York. Their primary mission is to offer affordable housing solutions to the local community with low-income residents as their primary focus. By providing clean living spaces, they aim to contribute positively to the neighborhood while ensuring affordability remains a top priority. The organization is dedicated to improving the living conditions of those in need, contributing to a more inclusive and equitable community in the South Bronx.
What are the reviews and ratings of this charity?
Charity Navigator Rating 70% - Two-Star out of Four Star Rating
The 445 Vip Hdfc has received a Two-Star rating from Charity Navigator, indicating that while the organization maintains some strong governance practices, there are significant areas for improvement in its financial management. The charity's accountability and finance score is 70%, reflecting a solid structure with 100% independent board members and effective oversight mechanisms in place.
Strengths noted include the charity's robust policies for conflict of interest, whistleblowing, and document retention, contributing to its transparent governance. Additionally, the audit and oversight committee received full marks, affirming the organization's commitment to maintaining ethical practices.
However, the organization struggles with a high liabilities to assets ratio of 90.32%, which raises concerns regarding its financial health and sustainability. The program expense ratio of 62.89% suggests that a significant portion of the budget is not directed towards its programs, which may affect its overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is 445 Vip Hdfc legitimate?
445 Vip Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 445 Vip 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: $0
For more financial information, click here
What is the mission statement of 445 Vip Hdfc?
The mission of 445 Vip Hdfc is centered around providing affordable housing solutions. Specifically, it aims to offer clean and reasonably priced housing options to individuals with lower income levels. This initiative is carried out in an unspecified location, with a focus on enhancing the living conditions of those in need. By doing so, 445 Vip Hdfc contributes to the overall well-being of its community, ensuring that housing remains an attainable resource for all.
Who is the CEO of 445 Vip Hdfc?
Debbian Fletcher-Blake is the Director of 445 Vip Hdfc. The CEO's salary of 445 Vip Hdfc is $0 and their total compensation is $376,981.
What is the revenue of 445 Vip Hdfc?
445 Vip Hdfc's revenue in 2022 was $911,651.
Who are the executives of 445 Vip Hdfc and what are their salaries?
There 6 volunteers at 445 Vip Hdfc.
Here are 8 key members and their salaries (445 Vip Hdfc's CEO's salary is $0 and their total compensation is $376,981):
- 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
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $345,130
- Other: $31,851
- Compensation: $0
- Related: $237,804
- Other: $27,026
Where can I find the form 990 for 445 Vip Hdfc?
445 Vip Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 445 Vip Hdfc
445 Vip Hdfc, as a nonprofit organization, is dedicated to providing an essential service in the realm of affordable housing. Its mission is to extend clean, economical living quarters to individuals and families with limited income, residing in the South Bronx, NY. By offering affordable housing, this organization aims to contribute positively to the community, ensuring that every resident has a safe and decent living space, regardless of their financial situation.
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Impact
October, 2024
445 Vip Hdfc significantly impacts the South Bronx community by addressing the critical need for affordable housing for low-income residents. By offering clean and accessible housing, it fosters a sense of stability and security for families who might otherwise struggle with the high costs of living in urban areas. This initiative not only enhances the quality of life for residents but also contributes to the overall revitalization of the South Bronx, promoting community well-being and economic growth. Providing affordable housing helps alleviate homelessness and provides a foundation for education and employment opportunities, making a positive difference in the lives of those it serves.
This information is meant to be a general summary of 445 Vip 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.
- Investment Income: $375
- Program Service Revenue: $911,026
- Gross Receipts: $911,651
Assets and Liabilities:
- Total Assets: $3,152,617
- Total Liabilities: $2,753,271
- Net Assets: $399,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$911,026
Organization Details
Founding Year
1992
Phone
(718) 583-5150Principal Officer
Debbian Fletcher-Blake
Main Address
770 EAST 176 ST, BRONX, NY, 10460
NTEE Category
Code: L80 - Housing
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