Overview
What is Harlem Restoration Hdfc?
Harlem Restoration HDFC is a nonprofit organization situated in New York City, specifically at 1980 Adam Clayton Powell Boulevard, New York, NY 10028. Their primary mission is to provide housing opportunities for individuals of low income, operating under the Special Incentive Program of New York City. With a modest workforce of only two employees, the organization is dedicated to this cause, aiming to make a significant impact in the community. Although the information does not specify any additional resources or services, it is clear that Harlem Restoration HDFC is committed to addressing housing needs within their area of operation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
Harlem Restoration HDFC has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization's overall score of 50% reflects a lack of essential governance structures, as it has no independent board members and does not provide necessary financial documentation on its website.
Despite the low rating, it is noteworthy that Harlem Restoration HDFC has a program expense ratio of 96.69%, suggesting that a substantial portion of its funds is directed toward its programs rather than administrative costs. However, the absence of a conflict of interest policy, whistleblower policy, and other critical financial safeguards raises alarms about the organization's operational transparency and governance.
The lack of financial statements and documentation, including minutes from board meetings, further complicates the charity's standing, as stakeholders and potential donors may find it challenging to assess the organization's effectiveness and accountability. Therefore, while the charity may be effectively using its funds in program delivery, the governance issues present considerable limitations that could impact donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Harlem Restoration Hdfc legitimate?
Harlem Restoration Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harlem Restoration 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: $30,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,249
For more financial information, click here
What is the mission statement of Harlem Restoration Hdfc?
Harlem Restoration Hdfc's mission is centered around providing housing solutions for individuals of low income. Operating under a special incentive program sponsored by New York City, this organization strives to make housing accessible for those in need. Their primary goal is to contribute to the well-being and stability of these individuals by offering them a place to call home. The organization's activities aim to support the city's efforts in providing affordable housing solutions and ensuring that everyone has a decent living space, regardless of their financial status.
Who is the CEO of Harlem Restoration Hdfc?
Ricky Jones is the Director of Harlem Restoration Hdfc.
What is the revenue of Harlem Restoration Hdfc?
Harlem Restoration Hdfc's revenue in 2022 was $530,259.
Who are the executives of Harlem Restoration Hdfc and what are their salaries?
The average compensation at Harlem Restoration Hdfc during 2022 was $36,124. There are 2 employees and 3 volunteers at Harlem Restoration Hdfc.
There is 1 key member and their salary:
- Compensation: $30,000
- Related: $0
- Other: $0
Where can I find the form 990 for Harlem Restoration Hdfc?
Harlem Restoration Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Harlem Restoration Hdfc
Harlem Restoration HDFC, a nonprofit organization, is committed to providing housing solutions for those in need, specifically individuals with low income. Operating under the special incentive program of New York City, this organization aims to make a significant impact in the lives of many. By offering housing, Harlem Restoration HDFC seeks to alleviate the hardships faced by these individuals, providing them with a stable and secure living environment. This mission is crucial in promoting social equality and ensuring that everyone has access to basic necessities, regardless of their financial situation. The organization's work is an essential contribution to the community, helping to create a more inclusive and supportive society.
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Impact
July, 2024
Harlem Restoration Hdfc provides housing to those in need in New York City, particularly those with low incomes. Their impact is significant as they help address the housing needs of individuals who may not be able to afford suitable housing otherwise. By offering housing under the special incentive program of New York City, they contribute to creating more stable and secure living situations for those who are struggling financially. This helps improve the overall well-being and quality of life for the individuals they serve.
This information is meant to be a general summary of Harlem Restoration 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.
- Program Service Revenue: $528,984
- Gross Receipts: $530,259
Assets and Liabilities:
- Total Assets: $215,028
- Total Liabilities: $0
- Net Assets: $215,028
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING
Revenue
$528,984
Organization Details
Principal Officer
Ricky Jones
Main Address
1980 ADAM CLAYTON POWELL BLVD, NEW YORK, NY, 10028
NTEE Category
Code: L80Z - Housing
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