Overview
What is Washington Avenue Hdfcinc?
Washington Avenue 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 options for the local community, catering to families with low to moderate income levels. The organization generates revenue principally through rental income derived from these residences. The operational expenses encompass administrative fees, utilities, repairs and maintenance, tax, and insurance costs, ensuring the premises are efficiently managed and comply with regulations.
Official website here: www.belmontarthur.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating. This rating reflects the nonprofit's strong commitment to accountability and financial health, as indicated by a comprehensive score derived solely from the Accountability & Finance beacon. An 81% score suggests that the organization demonstrates solid financial practices, which are essential for maintaining donor trust and operational effectiveness.
Washington Avenue Hdfcinc displays several strengths in its financial oversight, achieving full marks in various categories including audit and oversight committee practices, conflict of interest policy, and whistleblower policy. The organization also reports a favorable program expense ratio of 75.39%, indicating that a significant portion of its expenses is directed towards its mission-driven programs rather than administrative costs.
While the organization has shown commendable accountability, the single focus on the Accountability & Finance beacon means that other aspects of the organization, such as program effectiveness or community impact, are not evaluated in this rating. Potential donors may wish to further investigate these areas to gain a comprehensive understanding of the organization's overall performance and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Washington Avenue Hdfcinc legitimate?
Washington Avenue Hdfcinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Avenue 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.belmontarthur.com
What is the mission statement of Washington Avenue Hdfcinc?
Washington Avenue Hdfcinc's mission is centered around providing housing opportunities for individuals with low to moderate income. By doing so, they aim to contribute positively to their community. Their primary source of income comes from the rental fees paid by these families, which are then used to cover necessary expenses such as administrative fees, utilities, repairs, maintenance, taxes, and insurance. The organization ensures the efficient operation of the premises while adhering to regulations.
Official website here: www.belmontarthur.com
Who is the CEO of Washington Avenue Hdfcinc?
Consolato Cicciu is the President of Washington Avenue Hdfcinc.
Official website here: www.belmontarthur.com
What is the revenue of Washington Avenue Hdfcinc?
Washington Avenue Hdfcinc's revenue in 2022 was $629,113.
Official website here: www.belmontarthur.com
Who are the executives of Washington Avenue 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.belmontarthur.com
Where can I find the form 990 for Washington Avenue Hdfcinc?
Washington Avenue Hdfcinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belmontarthur.com
Learn more at the official website: www.belmontarthur.com
Mission Statement of Washington Avenue Hdfcinc
Washington Avenue HDFCinc, a nonprofit organization, is committed to providing affordable housing opportunities for low-income and moderate-income families within the community. Its primary objective is to create a housing environment that caters to the needs of this demographic, generating income through subsidized rentals occupied by these families. The organization's mission encompasses managing associated expenses, which include administrative fees, utilities, repairs and maintenance, taxes, and insurance. These financial components are essential for running the premises efficiently and adhering to regulatory requirements. By offering affordable housing options, Washington Avenue HDFCinc plays a crucial role in the community, providing a stable living environment for families who might otherwise struggle to secure suitable housing.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Washington Avenue Hdfcinc's impact lies in its provision of low to moderate income housing opportunities for the community in the Bronx, NY. By offering subsidized rentals to families in need, the organization plays a crucial role in addressing the affordable housing crisis and ensuring that individuals and families have access to a safe and stable living environment. This not only helps individuals secure housing but also contributes to the overall well-being and economic stability of the community.
This information is meant to be a general summary of Washington Avenue 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: $3,922
- Program Service Revenue: $625,191
- Gross Receipts: $629,113
Assets and Liabilities:
- Total Assets: $1,822,594
- Total Liabilities: $109,388
- Net Assets: $1,713,206
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS POTENTIAL RENTAL
Revenue
$641,325
OTHER RENTAL INCOME
Revenue
$2,568
VACANCIES
Revenue
-$18,702
Organization Details
Founding Year
1996
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
Website
www.belmontarthur.comNTEE Category
Code: L80 - Housing
If you are a representative of Washington Avenue Hdfcinc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.