Overview
What is Nosotros Housing Development Fund Corporation?
Nosotros Housing Development Fund Corporation is a charitable organization situated in Bronx, New York. Their primary objective is to provide affordable housing for individuals with low incomes. The organization fulfills this mission by rehabilitating and managing government-subsidized housing units within the Bronx area. By offering low-cost housing, Nosotros HDFC contributes to the well-being of the local community, ensuring that residents have access to secure and comfortable living environments.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
Nosotros Housing Development Fund Corporation has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in financial accountability and transparency. This high score reflects the organization’s commitment to maintaining robust oversight practices, with an impressive score of 94 in Accountability & Finance.
One of the notable strengths of the organization is its fully independent board, which enhances governance and decision-making processes. Additionally, the organization has established sound financial practices, as evidenced by its low liabilities to assets ratio and high program expense ratio, showing that a significant portion of its funds is directed towards its mission.
While the rating highlights many strengths, it does not provide specific feedback on programmatic outcomes or beneficiary experiences. Nonetheless, the strong financial management and adherence to ethical policies suggest that the organization is well-positioned to effectively support its housing development initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Nosotros Housing Development Fund Corporation legitimate?
Nosotros Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nosotros Housing Development Fund Corporation 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: $343,182
For more financial information, click here
What is the mission statement of Nosotros Housing Development Fund Corporation?
Nosotros Housing Development Fund Corporation is a non-profit organization that dedicates its mission to providing affordable housing for individuals with low income. The organization operates and rehabilitates government-subsidized housing units, offering a much-needed living solution for those in need. By prioritizing this crucial service, Nosotros HDFC contributes significantly to the well-being and stability of its community.
Who is the CEO of Nosotros Housing Development Fund Corporation?
Kobina Arhin is the President of Nosotros Housing Development Fund Corporation. The CEO's salary of Nosotros Housing Development Fund Corporation is $0 and their total compensation is $316,608.
What is the revenue of Nosotros Housing Development Fund Corporation?
Nosotros Housing Development Fund Corporation's revenue in 2022 was $1,931,532.
Who are the executives of Nosotros Housing Development Fund Corporation and what are their salaries?
The average compensation at Nosotros Housing Development Fund Corporation during 2022 was $85,796. There are 4 employees at Nosotros Housing Development Fund Corporation.
Here are 7 key members and their salaries (Nosotros Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $316,608):
- 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
- Related: $0
- Other: $0
- Compensation: $0
- Related: $292,398
- Other: $24,210
- Compensation: $0
- Related: $110,000
- Other: $5,306
Where can I find the form 990 for Nosotros Housing Development Fund Corporation?
Nosotros Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nosotros Housing Development Fund Corporation
Nosotros Housing Development Fund Corporation, as a dedicated non-profit organization, is committed to providing low-income housing solutions. Their mission is focused on rehabilitating and managing government-subsidized housing units within the Bronx, New York cityscape. By offering such services, Nosotros HDFC plays a vital role in ensuring affordable housing opportunities for those in need, contributing to a more equitable community.
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Impact
October, 2024
Nosotros Housing Development Fund Corporation plays a crucial role in addressing the housing needs of low-income families in the Bronx, NY. By providing affordable housing options, it helps to alleviate the housing crisis faced by many residents in the area. The organization focuses on rehabilitating existing properties and managing government-subsidized low-income housing, thereby improving living conditions and enhancing community stability.
The impact of Nosotros HDFC extends beyond just providing shelter; it contributes to the overall quality of life for its residents. By ensuring that families have access to safe and affordable housing, the organization helps to foster a sense of community and belonging. Additionally, the preservation and rehabilitation of housing units contribute to the revitalization of neighborhoods, promoting economic growth and community development in the Bronx. Overall, Nosotros HDFC is instrumental in creating sustainable housing solutions, positively influencing the social and economic landscape of the community.
This information is meant to be a general summary of Nosotros Housing Development Fund Corporation. 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: $521
- Program Service Revenue: $1,931,011
- Gross Receipts: $1,931,532
Assets and Liabilities:
- Total Assets: $2,831,287
- Total Liabilities: $967,760
- Net Assets: $1,863,527
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,931,011
Organization Details
Founding Year
1993
Phone
(718) 293-3100Principal Officer
Kobina Arhin
Main Address
1465 NELSON AVENUE STE A, BRONX, NY, 10452
NTEE Category
Code: L800 - Housing
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