Overview
What is Housing 2000 Hdfc?
Housing 2000 HDFC is a non-profit organization dedicated to serving low-income individuals in New York City. Under the Special Initiatives Program (SIP) of the Housing Preservation and Development, this organization manages and leases affordable rental properties. Their mission is to provide well-maintained, affordable housing units to those in need, thereby contributing to the community by ensuring access to decent living spaces.
What are the reviews and ratings of this charity?
Charity Navigator rating: 75%, Three-Star out of Four Star rating.
Housing 2000 Hdfc has earned a Three-Star rating based on its overall score of 75%, which reflects strong accountability and finance practices. The organization excels in maintaining a fully independent board and demonstrates effective oversight, as indicated by its perfect scores in various governance areas such as board size and conflict of interest policies. Additionally, it shows a commendable program expense ratio of 87.14%, signifying that a large portion of its expenses goes directly towards its mission.
Despite its strengths, the organization's financial health is a concern, particularly highlighted by its liabilities to assets ratio of 165.17%. This suggests that the organization may have financial stability issues that could impact its long-term sustainability. While the accountability measures are solid, potential donors and stakeholders may want to consider this aspect when assessing the overall financial health of Housing 2000 Hdfc.
In summary, Housing 2000 Hdfc demonstrates a commitment to transparency and effective governance, making it a reliable option for donors focused on accountability. However, the high liabilities to assets ratio indicates a need for caution regarding its financial viability.
This AI summary has been generated from information found on Charity Navigator.
Is Housing 2000 Hdfc legitimate?
Housing 2000 Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing 2000 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: $276,329
For more financial information, click here
What is the mission statement of Housing 2000 Hdfc?
Housing 2000 HDFC's mission is centered around providing well-maintained, affordable rental properties for individuals with low income. This organization operates under New York City's Housing Preservation and Development's Special Initiatives Program (SIP). Their primary activity involves managing and leasing these low-income apartments, ensuring that eligible tenants can secure affordable housing options. The organization's goal is to contribute positively to the community by providing essential housing solutions for those in need, thereby enhancing their quality of life.
Who is the CEO of Housing 2000 Hdfc?
Shirley Claiborne is the President of Housing 2000 Hdfc.
What is the revenue of Housing 2000 Hdfc?
Housing 2000 Hdfc's revenue in 2020 was $1,581,888.
Who are the executives of Housing 2000 Hdfc and what are their salaries?
Where can I find the form 990 for Housing 2000 Hdfc?
Housing 2000 Hdfc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Housing 2000 Hdfc
Housing 2000 HDFC, a nonprofit organization, is dedicated to managing and leasing low-income apartments. Their mission is to provide well-maintained affordable rental properties to individuals with limited income. Operating under New York City's Housing Preservation and Development's Special Initiatives Program (SIP), Housing 2000 HDFC aims to cater to this specific demographic, ensuring that they have access to suitable housing options. The organization's primary objective is to contribute to the community by providing decent and affordable living spaces, thereby fostering a sense of stability and security for its residents.
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Impact
October, 2024
Housing 2000 HDFC has a significant impact on the community by providing well-maintained affordable rental properties to low-income individuals in New York City. Through the management and leasing of low-income apartments, the organization addresses the critical need for accessible housing in an often expensive real estate market.
By operating under the NYC Housing Preservation and Development's Special Initiatives Program, Housing 2000 HDFC ensures that qualified tenants can find stable and secure living conditions. This effort not only supports individuals and families striving for economic stability but also contributes to the overall health of neighborhoods, promoting diversity and community resilience.
In a landscape where affordable housing is increasingly scarce, Housing 2000 HDFC plays a crucial role in alleviating housing insecurity, fostering a sense of belonging, and enhancing the quality of life for its tenants. Their dedicated services underscore the importance of accessible housing as a foundation for personal and community development.
This information is meant to be a general summary of Housing 2000 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 2020.
- Investment Income: $1,652
- Program Service Revenue: $1,577,434
- Gross Receipts: $1,581,888
Assets and Liabilities:
- Total Assets: $3,876,756
- Total Liabilities: $6,403,421
- Net Assets: -$2,526,665
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL
Revenue
$1,576,744
NSF , LATE FEES ETC
Revenue
$690
Organization Details
Founding Year
1995
Phone
(212) 222-5445Principal Officer
Shirley Claiborne
Main Address
2034 SEVENTH AVE Room 1B, NEW YORK, NY, 10027
NTEE Category
Code: L200 - Housing
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