Overview
What is United Neighbors Hdfc?
United Neighbors Hdfc is a nonprofit organization situated in the Bronx, New York. Its primary mission is to provide affordable housing solutions to families with low and very-low incomes, catering to their needs through the operation of eleven buildings, housing a total of 241 apartments. The organization's commitment to this cause is evident in its operations, ensuring that it remains accessible to those who require it most. With a team of eight dedicated individuals, United Neighbors Hdfc plays a significant role in addressing the housing needs of its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
United Neighbors HDFC has achieved a commendable Four-Star rating from Charity Navigator, underscoring its strong performance in accountability and finance. The high score is derived primarily from its accountability practices, highlighting a commitment to transparency and responsible management of resources. The organization demonstrated a high degree of financial health with a program expense ratio of 98.40%, indicating that nearly all funds are directed towards its mission-related activities.
The organization benefits from a robust governance structure, with 80% of its board members being independent, which contributes to effective oversight and reduces potential conflicts of interest. Furthermore, United Neighbors HDFC has implemented a variety of policies that promote accountability, including a whistleblower policy and procedures for document retention, further enhancing their operational integrity.
While the financial metrics reflect a well-managed organization, there are no noted limitations or concerns within the data reviewed. Overall, the strong rating and organizational practices suggest that United Neighbors HDFC is a reliable and trustworthy nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is United Neighbors Hdfc legitimate?
United Neighbors Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Neighbors 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $209,816
For more financial information, click here
What is the mission statement of United Neighbors Hdfc?
United Neighbors Hdfc's mission is centered around providing housing solutions. Specifically, the organization operates a collection of eleven buildings, housing 241 apartments, catering to families with low and very low-income levels. Their primary activity is to offer affordable rental housing, aiming to contribute positively to these families' living situations.
Who is the CEO of United Neighbors Hdfc?
Heng Ly is the Treasurer/Secretary of United Neighbors Hdfc.
What is the revenue of United Neighbors Hdfc?
United Neighbors Hdfc's revenue in 2022 was $2,945,130.
Who are the executives of United Neighbors Hdfc and what are their salaries?
The average compensation at United Neighbors Hdfc during 2022 was $26,227. There are 8 employees at United Neighbors Hdfc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $334,452
- Other: $62,252
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for United Neighbors Hdfc?
United Neighbors Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of United Neighbors Hdfc
United Neighbors Hdfc, as a nonprofit organization, is dedicated to providing affordable rental housing for families with low and very low incomes. Operating eleven buildings containing 241 apartments, United Neighbors Hdfc serves as a valuable resource in the community, offering a secure and affordable living space for individuals and families in need. By focusing on this critical need, United Neighbors Hdfc plays a significant role in supporting the well-being and stability of its residents, enabling them to focus on other aspects of their lives. The organization's commitment to affordable housing is a testament to its mission of empowering and uplifting marginalized communities, providing them with the essential foundation for a better future.
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Impact
October, 2024
United Neighbors HDFC has a significant impact on the Bronx community by providing affordable rental housing to low and very low-income families. By operating eleven buildings with a total of 241 apartments, the organization addresses a critical need for accessible housing in an area where many families struggle to find stable accommodation. This initiative not only supports the housing needs of vulnerable populations but also contributes to the overall stability of the neighborhood, potentially reducing crime and fostering a sense of community. Through this dedication to housing affordability, United Neighbors HDFC plays a crucial role in enhancing the quality of life for families facing economic challenges in the Bronx.
This information is meant to be a general summary of United Neighbors 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.
- Investment Income: $10,039
- Program Service Revenue: $2,935,091
- Gross Receipts: $2,945,130
Assets and Liabilities:
- Total Assets: $4,660,368
- Total Liabilities: $571,445
- Net Assets: $4,088,923
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTS
Revenue
$2,935,091
Organization Details
Founding Year
1995
Phone
(718) 367-3200Principal Officer
Heng Ly
Main Address
2751 GRAND CONCOURSE, BRONX, NY, 10468
NTEE Category
Code: I20 - Crime
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