Overview
What is 1329 College Avenue Hdfcinc?
1329 College Avenue Hdfcinc is a nonprofit organization situated in the Bronx, New York, primarily focused on providing affordable housing opportunities for low-income and moderate-income families. The organization generates revenue through the rental income derived from these housing units. The associated expenses cover essential operational costs such as administrative fees, utilities, repairs, maintenance, taxes, and insurance, ensuring the property is efficiently managed and complies with regulations. The organization's mission is dedicated to contributing positively to the community by offering suitable housing options for families with limited financial means.
Official website here: www.belmontarthurldc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
1329 College Avenue Hdfcinc has received an overall score of 81%, reflecting a solid performance in accountability and finance. The organization's high score indicates that it adheres to strong financial practices and transparency, as assessed by various metrics that contribute to the overall rating. The three-star rating demonstrates a commendable level of trustworthiness and effective management of resources.
Strengths of the organization include the absence of material diversion of assets and a perfect score in several essential governance categories, such as financial statements oversight, conflict of interest policies, and whistleblower protections. Additionally, a program expense ratio of 75.41% suggests that a significant portion of its funds is allocated directly to its programs, indicating a commitment to its mission.
While the organization performs well in accountability and finance, it's important to note that the rating is based solely on this area. It may benefit from further assessments in other operational areas to provide a more comprehensive view of its overall effectiveness and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is 1329 College Avenue Hdfcinc legitimate?
1329 College Avenue Hdfcinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1329 College 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
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Official website here: www.belmontarthurldc.com
What is the mission statement of 1329 College Avenue Hdfcinc?
1329 College Avenue Hdfcinc is dedicated to providing affordable housing opportunities for individuals and families with moderate income levels within the community. Through low-income family subsidized rentals, they generate revenue to maintain and operate their properties efficiently, while adhering to regulations. Their primary focus is on offering housing opportunities, ensuring that a diverse range of individuals have access to a place they can call home.
Official website here: www.belmontarthurldc.com
Who is the CEO of 1329 College Avenue Hdfcinc?
Consolato Cicciu is the President of 1329 College Avenue Hdfcinc.
Official website here: www.belmontarthurldc.com
What is the revenue of 1329 College Avenue Hdfcinc?
1329 College Avenue Hdfcinc's revenue in 2022 was $547,606.
Official website here: www.belmontarthurldc.com
Who are the executives of 1329 College 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.belmontarthurldc.com
Where can I find the form 990 for 1329 College Avenue Hdfcinc?
1329 College Avenue 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 1329 College Avenue Hdfcinc
1329 College Avenue Hdfcinc is an organization committed to providing low-income to moderate-income housing opportunities for the community. Its mission is to create a housing landscape that accommodates individuals and families who fall within these income brackets, thereby contributing to a more inclusive and equitable community. The organization generates revenue primarily through low-to-moderate income family-subsidized rental units occupying its properties. The associated expenses cover essential components such as administrative fees, utilities, repairs and maintenance, taxes, and insurance, ensuring the property is efficiently operated and complies with regulations.
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Impact
July, 2024
1329 College Avenue Hdfcinc's impact is in providing low to moderate income housing opportunities for the community in Bronx, NY. Through its subsidized rentals, the organization helps families with limited financial resources access affordable housing. This contributes to addressing the ongoing issue of affordable housing in the area and supports the community members in securing stable and safe living arrangements.
This information is meant to be a general summary of 1329 College 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: $5,486
- Program Service Revenue: $542,120
- Gross Receipts: $547,606
Assets and Liabilities:
- Total Assets: $1,785,094
- Total Liabilities: $78,938
- Net Assets: $1,706,156
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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
$558,071
OTHER RENTAL INCOME
Revenue
$1,000
VACANCIES
Revenue
-$16,951
Organization Details
Founding Year
1996
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
Website
www.belmontarthurldc.comNTEE Category
Code: L22 - Housing
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