Overview
What is Neighborhood Partnership Housing Development Fund Company Inc?
Neighborhood Partnership Housing Development Fund Company Inc, located in New York City, is a nonprofit organization with a mission to facilitate the disposal and rehabilitation of city-owned real estate parcels. This organization, with its headquarters at 1 Whitehall Street 11th Floor, New York, NY 10004, has played a significant role in the Neighborhood Entrepreneurs Program (NEP), an affordable housing redevelopment project managed by the City of New York. By taking title to parcels previously owned by the city and undergoing rehabilitation through the NEP, Neighborhood Partnership Housing Development Fund Company Inc contributes to the revitalization of urban neighborhoods.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Star rating)
Neighborhood Partnership Housing Development Fund Company Inc received a 74% rating from Charity Navigator, indicating a need for improvement in certain accountability and finance aspects. The lack of independent board members and the absence of key documents on their website are notable drawbacks. However, the organization demonstrates strong performance in areas such as asset management and program expense ratio.
The organization has effective policies in place, including conflict of interest and whistleblower policies, which are fully compliant. Additionally, they have a robust document retention protocol and have successfully maintained transparency in board meeting documentation. The material diversion of assets score reflects a positive capability in asset management, which is crucial for stability and trust.
Despite these strengths, the absence of an independent board and the failure to publish financial documents on their website may limit stakeholder confidence. Addressing these issues could enhance their overall rating, potentially leading to greater support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Partnership Housing Development Fund Company Inc legitimate?
Neighborhood Partnership Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Partnership Housing Development Fund Company Inc 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
What is the mission statement of Neighborhood Partnership Housing Development Fund Company Inc?
Neighborhood Partnership Housing Development Fund Company Inc's mission is centered around facilitating the disposal and rehabilitation of city-owned parcels of real property. This organization, following its mission, has acquired title to certain parcels previously owned by the City of New York, which were selected for rehabilitation within the Neighborhood Entrepreneurs Program (NEP), an affordable housing redevelopment program overseen by the City of New York. The organization's role is to transform these parcels, contributing to the betterment and development of the respective communities.
Who is the CEO of Neighborhood Partnership Housing Development Fund Company Inc?
Baaba Halm is the President of Neighborhood Partnership Housing Development Fund Company Inc.
What is the revenue of Neighborhood Partnership Housing Development Fund Company Inc?
Neighborhood Partnership Housing Development Fund Company Inc's revenue in 2022 was $56,265.
Who are the executives of Neighborhood Partnership Housing Development Fund Company Inc and what are their salaries?
There 1 volunteer at Neighborhood Partnership Housing Development Fund Company Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $261,009
- Other: $21,529
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $167,789
- Other: $18,858
- Compensation: $0
- Related: $168,603
- Other: $10,765
Where can I find the form 990 for Neighborhood Partnership Housing Development Fund Company Inc?
Neighborhood Partnership Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Neighborhood Partnership Housing Development Fund Company Inc
Neighborhood Partnership Housing Development Fund Company Inc is dedicated to facilitating the disposal and rehabilitation of city-owned parcels of real property. This mission involves taking title to parcels that were previously owned by the City of New York and selected for rehabilitation through the Neighborhood Entrepreneurs Program (NEP), an affordable housing redevelopment program administered by the City of New York. By carrying out this mission, the organization plays a significant role in transforming these city-owned parcels into viable and affordable housing options.
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Impact
October, 2024
Neighborhood Partnership Housing Development Fund Company Inc plays a crucial role in the revitalization of urban areas by facilitating the rehabilitation and disposition of city-owned properties in New York. Through its involvement in the Neighborhood Entrepreneurs Program, it acquires parcels that were previously owned by the city and transforms them into viable affordable housing options.
This organization directly addresses the need for sustainable housing solutions in the community by taking initiative in the development of neglected properties. By partnering with various stakeholders, it contributes to the enhancement of neighborhoods, fosters economic growth, and promotes community development. Through its efforts, it helps to create safe, stable, and affordable living environments for residents, ultimately improving the quality of life in the areas it serves.
This information is meant to be a general summary of Neighborhood Partnership Housing Development Fund Company Inc. 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: $56,265
- Gross Receipts: $56,265
Assets and Liabilities:
- Total Assets: $72,118
- Total Liabilities: $0
- Net Assets: $72,118
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$56,265
Organization Details
Founding Year
1995
Phone
(410) 964-1230Principal Officer
Baaba Halm
Main Address
1 WHITEHALL STREET 11TH FLOOR, NEW YORK, NY, 10004
NTEE Category
Code: L25 - Housing
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