Overview
What is 440 East 182nd Street Hdfcinc?
440 East 182nd Street Hdfcinc is a nonprofit organization situated in the Bronx, New York, specifically at 660 EAST 183RD STREET. Their primary mission is to offer affordable housing opportunities to low-income and moderate-income families within the community. To achieve this, they manage a property that generates revenue through rental income from these residents. The associated expenses cover administrative fees, utilities, repairs and maintenance, taxes, and insurance, ensuring the efficient operation of the premises while abiding by regulations.
Official website here: www.belmontarthurldc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating. This rating reflects a solid level of accountability and financial health, primarily assessed through a robust single beacon score focused on accountability and finance. The organization has demonstrated strong governance practices and transparency, which is essential for building trust with donors and beneficiaries alike.
The nonprofit scored full points in areas such as the material diversion of assets and the establishment of various policies related to conflict of interest, whistleblower protections, and document retention. Additionally, the organization effectively maintains its financial health, with a low liabilities-to-assets ratio and a high program expense ratio, indicating that the majority of its funds are directed towards its mission-driven activities.
However, the organization may benefit from enhancing its public visibility and outreach efforts, as these aspects are not directly reflected in its financial metrics. Increasing stakeholder engagement and expanding communication strategies could further strengthen its impact and community presence. Overall, 440 East 182nd Street Hdfcinc showcases commendable accountability and finance management, positioning it as a responsible nonprofit entity.
This AI summary has been generated from information found on Charity Navigator.
Is 440 East 182nd Street Hdfcinc legitimate?
440 East 182nd Street Hdfcinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 440 East 182nd Street Hdfcinc 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: $0
For more financial information, click here
Official website here: www.belmontarthurldc.com
What is the mission statement of 440 East 182nd Street Hdfcinc?
440 East 182nd Street Hdfcinc's mission is centered around providing housing opportunities for individuals with modest to substantial income levels within the community. This organization strives to achieve this goal by generating revenue through the provision of subsidized rental units. The associated expenses cover essential operational costs such as administrative fees, utilities, repairs, maintenance, tax, and insurance, ensuring the property is efficiently operated and complies with regulations.
Official website here: www.belmontarthurldc.com
Who is the CEO of 440 East 182nd Street Hdfcinc?
Consolato Cicciu is the President of 440 East 182nd Street Hdfcinc.
Official website here: www.belmontarthurldc.com
What is the revenue of 440 East 182nd Street Hdfcinc?
440 East 182nd Street Hdfcinc's revenue in 2022 was $457,147.
Official website here: www.belmontarthurldc.com
Who are the executives of 440 East 182nd Street Hdfcinc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.belmontarthurldc.com
Where can I find the form 990 for 440 East 182nd Street Hdfcinc?
440 East 182nd Street Hdfcinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belmontarthurldc.com
Learn more at the official website: www.belmontarthurldc.com
Mission Statement of 440 East 182nd Street Hdfcinc
440 East 182nd Street Hdfcinc, as a nonprofit organization, is dedicated to offering housing opportunities for individuals and families with modest to moderate incomes. This mission is carried out by providing suitable rental accommodations that cater to this income bracket, generating income primarily from these rentals. The organization's operations encompass administrative fees, utilities, repairs, maintenance, and the payment of taxes and insurance, all necessary expenses to ensure the property is efficiently maintained and complies with regulations. In essence, 440 East 182nd Street Hdfcinc serves as a beacon of affordable housing, contributing to the community by providing a residence that is financially accessible to a broad segment of the population.
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Impact
July, 2024
440 East 182nd Street Hdfcinc's impact is in providing low to moderate-income housing opportunities for the community in Bronx, NY. This nonprofit generates revenues primarily through low to moderate-income family subsidized rentals in the property. The rental income is used to cover administrative fees, utilities, repair and maintenance costs, as well as tax and insurance expenses necessary to efficiently operate the premises. By offering affordable housing options, 440 East 182nd Street Hdfcinc contributes to addressing the housing needs of the community and supporting individuals and families in securing a decent place to live.
This information is meant to be a general summary of 440 East 182nd Street Hdfcinc. 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: $3,298
- Program Service Revenue: $453,849
- Gross Receipts: $457,147
Assets and Liabilities:
- Total Assets: $1,419,657
- Total Liabilities: $83,425
- Net Assets: $1,336,232
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS POTENTIAL RENT
Revenue
$486,527
OTHER RENTAL INCOME
Revenue
$1,399
VACANCIES
Revenue
-$34,077
Organization Details
Founding Year
1995
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
Website
www.belmontarthurldc.comNTEE Category
Code: L20 - Housing
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