Overview
What is Project Linkage Hdfc C/O Tuc Management?
Project Linkage HDFC C/O Tuc Management is a nonprofit organization committed to addressing the housing needs of low-income individuals, primarily the elderly. Through their programs, they operate a 71-unit apartment complex, specifically tailored to provide affordable housing solutions. This commitment to affordable housing is a crucial aspect of their mission, making a significant impact on the community they serve.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79% (Three-Star out of Four Star rating)
Project Linkage Hdfc C/O Tuc Management has achieved a score of 79%, indicating a solid performance in accountability and finance. The charity stands out for having a fully independent board, which is crucial for ensuring unbiased governance and oversight. Additionally, it has robust financial practices, including an established audit and oversight committee, and effective policies regarding conflict of interest and whistleblower protection.
Despite its strengths, the organization's financial health seems to present some concerns, specifically indicated by a liabilities to assets ratio of 183.65%. This could imply potential financial risks that may affect its operations. However, the high program expense ratio of 89.26% reflects a strong commitment to utilizing funds towards its programs, which is a positive aspect of its financial management.
Overall, while Project Linkage Hdfc demonstrates commendable governance and operational transparency, stakeholders should be aware of the financial challenges indicated by its liabilities, which may impact its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Project Linkage Hdfc C/O Tuc Management legitimate?
Project Linkage Hdfc C/O Tuc Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Linkage Hdfc C/O Tuc Management 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: $134,120
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What is the mission statement of Project Linkage Hdfc C/O Tuc Management?
Project Linkage HDFC, under the management of Tuc Management, is committed to providing low-income housing. They achieve this goal through their programs, with a significant focus on elderly individuals. One of their initiatives includes a 71-unit apartment complex, specifically designed to offer affordable housing options for the elderly population. This organization's mission is to contribute to a more inclusive housing landscape, ensuring that individuals with limited financial resources have access to suitable living spaces.
Who is the CEO of Project Linkage Hdfc C/O Tuc Management?
Judith Howe is the Chairman of Project Linkage Hdfc C/O Tuc Management.
What is the revenue of Project Linkage Hdfc C/O Tuc Management?
Project Linkage Hdfc C/O Tuc Management's revenue in 2022 was $1,393,527.
Who are the executives of Project Linkage Hdfc C/O Tuc Management and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Project Linkage Hdfc C/O Tuc Management?
Project Linkage Hdfc C/O Tuc Management's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Project Linkage Hdfc C/O Tuc Management
Project Linkage HDFC, a nonprofit organization, is committed to providing low-income housing solutions. Their mission is accomplished through various programs, with a significant focus on creating a 71-unit apartment complex specifically designed for the elderly. This complex serves as an affordable housing option for this demographic, ensuring they have a place to call home. By offering this service, Project Linkage HDFC contributes to the well-being of the elderly community, providing them with a secure and comfortable living environment.
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Impact
October, 2024
Project Linkage HDFC C/O Tuc Management plays a crucial role in addressing housing challenges for low-income communities in New York City. Its primary focus is on providing accessible and affordable housing options, particularly for the elderly, through a dedicated 71-unit apartment complex. This initiative not only alleviates housing instability but also enhances the quality of life for vulnerable populations by offering secure, supportive living environments.
By focusing on low-income housing, Project Linkage contributes to the overall well-being of the community. It fosters social inclusion, reduces homelessness, and promotes stability for elderly residents who may otherwise struggle to find affordable housing. The establishment of such housing options can lead to positive ripple effects, including improved health outcomes, increased community engagement, and enhanced economic opportunities for residents.
Overall, Project Linkage HDFC is instrumental in creating more equitable housing solutions, helping to build a stronger, more resilient community in New York.
This information is meant to be a general summary of Project Linkage Hdfc C/O Tuc Management. 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: $2,816
- Program Service Revenue: $1,326,361
- Gross Receipts: $1,393,527
Assets and Liabilities:
- Total Assets: $4,051,393
- Total Liabilities: $7,440,474
- Net Assets: -$3,389,081
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,323,389
LAUNDRY & VENDING
Revenue
$2,972
Organization Details
Founding Year
1994
Phone
(212) 765-7900Principal Officer
Judith Howe
Main Address
152 W 57TH STREET 18TH FLOOR, NEW YORK, NY, 10019
NTEE Category
Code: L21 - Housing
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