Overview
What is Greater Harlem Housing Development Corporation?
Greater Harlem Housing Development Corporation is a dedicated nonprofit organization situated in New York, specifically at 200A West 136th Street, with a mission to improve housing conditions for low-income individuals and families within the Harlem community. Their primary activities involve the development, construction, renovation, and ownership of affordable housing units. The corporation is committed to serving the local community, striving to make a positive impact on the lives of its residents by providing them with suitable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
The Greater Harlem Housing Development Corporation has received a low rating of 52% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board, which is a positive aspect, it has not provided essential financial statements and lacks several key policies, such as conflict of interest and whistleblower protections, which are critical for transparency.
One of the strengths of the organization is its high program expense ratio of 89.61%, suggesting that a substantial portion of its expenses is directed towards its programs rather than administrative costs. However, the lack of financial documentation and the high liabilities to assets ratio, standing at 208.21%, raises red flags about its financial health and sustainability.
Overall, while the Greater Harlem Housing Development Corporation shows commitment in its program spending, the absence of vital governance policies and financial transparency significantly detracts from its operational credibility. Donors and stakeholders may want to consider these factors before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Harlem Housing Development Corporation legitimate?
Greater Harlem Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Harlem Housing Development 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:
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What is the mission statement of Greater Harlem Housing Development Corporation?
The Greater Harlem Housing Development Corporation is committed to serving low and moderate-income individuals in the community by developing, constructing, rehabilitating, and even owning housing units. Their primary objective is to provide affordable housing options, as demonstrated through their rental and rehabilitation projects. This organization is dedicated to improving living conditions for those in need, contributing to a more equitable housing landscape.
Who is the CEO of Greater Harlem Housing Development Corporation?
Lloyd Williams is the President of Greater Harlem Housing Development Corporation.
What is the revenue of Greater Harlem Housing Development Corporation?
Greater Harlem Housing Development Corporation's revenue in 2022 was $1,932,571.
Who are the executives of Greater Harlem Housing Development Corporation and what are their salaries?
There 8 volunteers at Greater Harlem Housing Development Corporation.
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Where can I find the form 990 for Greater Harlem Housing Development Corporation?
Greater Harlem Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greater Harlem Housing Development Corporation
The Greater Harlem Housing Development Corporation is dedicated to a noble mission. This organization aims to address the housing needs of individuals and families with moderate and low incomes residing within the Harlem community. Their primary objective is to develop, construct, renovate, and even own housing units that cater to this specific demographic. By carrying out these activities, the Greater Harlem Housing Development Corporation strives to contribute to the overall well-being and living conditions of the community. Their focus on rental and rehabilitation projects is a testament to their commitment to providing affordable housing solutions for those in need.
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Impact
October, 2024
Greater Harlem Housing Development Corporation significantly impacts the Harlem community by developing, rehabilitating, and owning housing specifically for low and moderate-income individuals and families. By focusing on rental properties and housing rehabilitation, it addresses the critical need for affordable housing in a neighborhood often facing economic challenges. This work not only enhances the quality of living conditions for residents but also fosters a sense of community and stability. Through its initiatives, the organization contributes to the revitalization of Harlem, making it a more affordable and attractive place to live for its residents.
This information is meant to be a general summary of Greater Harlem Housing Development 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.
- Program Service Revenue: $1,920,471
- Gross Receipts: $1,932,571
Assets and Liabilities:
- Total Assets: $5,357,650
- Total Liabilities: $11,155,276
- Net Assets: -$5,797,626
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENTAL INCOME
Revenue
$1,530,782
COMMERCIAL RENTAL INCOME
Revenue
$389,689
Organization Details
Founding Year
1993
Phone
(212) 862-7200Principal Officer
Lloyd Williams
Main Address
200A WEST 136TH STREET, New York, NY, 10030
NTEE Category
Code: L21 - Housing
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