Overview
What is Highbridge Community Development Corp?
Highbridge Community Development Corp (HCDC) is a nonprofit organization situated in the Bronx, New York, at 1465 Nelson Avenue STE A. Their primary mission is to develop, manage, and operate over 2,500 units of affordable housing in various neighborhoods within the Bronx. HCDC specializes in multiple services, including real estate management and development, property management, and community development. Their goal is to collaborate with residents, businesses, and religious organizations to make the Bronx an appealing place to live and work by providing affordable, well-designed, secure, and professionally managed housing. Furthermore, HCDC offers tenant services for the residents of the Highbridge section, with the aim of enhancing the neighborhood as a whole.
Official website here: www.highbridgecdc.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Highbridge Community Development Corp has received a two-star rating from Charity Navigator, indicating a need for improvement despite a respectable overall score of 73%. The organization demonstrates strong accountability and finance practices, earning a perfect score of 100% in this area. Furthermore, it has a fully independent board, with all members serving without conflicts of interest, and adheres to best practices in governance, including the presence of key policies such as a whistleblower policy and a conflict of interest policy.
However, the organization faces challenges in its program expense ratio, which stands at 51.77%. This lower score suggests that a significant portion of their resources may not be directed towards programmatic activities, which could potentially limit their effectiveness and impact. While the financial health of the organization appears stable, with a low liabilities-to-assets ratio, improving programmatic investments would enhance their overall ratings and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Highbridge Community Development Corp legitimate?
Highbridge Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Highbridge Community Development Corp 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: $431,914
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,034,025
For more financial information, click here
Official website here: www.highbridgecdc.com/
What is the mission statement of Highbridge Community Development Corp?
Highbridge Community Development Corp's mission is centered around improving the community by focusing on the development and management of affordable housing. They extend their services to the residents of the Highbridge section, aiming to enhance the neighborhood. The organization is actively involved in real estate management and development, property management, and community development. Committed to working with various entities within the community, such as residents, businesses, and religious organizations, Highbridge Community Development Corp strives to create a desirable living and working environment by providing well-designed, secure, and professionally managed housing that is affordable for its inhabitants.
Official website here: www.highbridgecdc.com/
Who is the CEO of Highbridge Community Development Corp?
Kobina Arhin is the President of Highbridge Community Development Corp. The CEO's salary of Highbridge Community Development Corp is $292,398 and their total compensation is $316,608.
Official website here: www.highbridgecdc.com/
What is the revenue of Highbridge Community Development Corp?
Highbridge Community Development Corp's revenue in 2022 was $3,118,334.
Official website here: www.highbridgecdc.com/
Who are the executives of Highbridge Community Development Corp and what are their salaries?
The average compensation at Highbridge Community Development Corp during 2022 was $58,745. There are 59 employees at Highbridge Community Development Corp.
Here are 10 key members and their salaries (Highbridge Community Development Corp's CEO's salary is $292,398 and their total compensation is $316,608):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $292,398
- Related: $0
- Other: $24,210
- Compensation: $110,000
- Related: $0
- Other: $5,306
- Compensation: $120,269
- Related: $0
- Other: $34,919
- Compensation: $175,000
- Related: $0
- Other: $5,587
- Compensation: $115,211
- Related: $0
- Other: $34,400
Official website here: www.highbridgecdc.com/
Where can I find the form 990 for Highbridge Community Development Corp?
Highbridge Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.highbridgecdc.com/
Learn more at the official website: www.highbridgecdc.com/
Mission Statement of Highbridge Community Development Corp
Highbridge Community Development Corp (HCDC) is dedicated to improving the neighborhood in the Bronx by aiding in the development and management of affordable housing. This mission extends beyond just housing, as HCDC also provides tenant services to the residents of the Highbridge section. The organization's ultimate goal is to elevate the community as a whole.
HCDC has successfully developed, managed, and operated over 2,500 moderate and low-income units across various neighborhoods in the Bronx. Their services are diverse and include real estate management and development, property management, and community development. By working collaboratively with residents, businesses, and religious organizations, HCDC strives to make the Bronx an attractive place to live and work. They achieve this by providing housing that is not only affordable but also well-designed, secure, and professionally managed.
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Impact
October, 2024
Highbridge Community Development Corp (HCDC) significantly impacts the Bronx by facilitating the development and management of affordable housing, enhancing the quality of life for residents in the area. By successfully developing, managing, and operating over 2,500 moderate and low-income housing units, HCDC plays a critical role in ensuring that affordable living spaces are available to those in need.
The organization's commitment to real estate management, property management, and community development fosters a better living environment for the community. Through tailored tenant services and a collaborative approach that involves residents, local businesses, and religious organizations, HCDC promotes a sense of community and belonging.
By focusing on creating well-designed, secure, and professionally managed housing, HCDC contributes to improving neighborhood standards and stability. Their holistic strategies not only address housing needs but also work toward creating a vibrant and sustainable community in the Highbridge section of the Bronx.
This information is meant to be a general summary of Highbridge Community Development Corp. 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: $240
- Program Service Revenue: $2,949,311
- Gross Receipts: $3,118,334
Assets and Liabilities:
- Total Assets: $14,007,927
- Total Liabilities: $529,127
- Net Assets: $13,478,800
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$2,411,315
ADMIN FEES - AFFILIATE
Revenue
$537,996
Organization Details
Founding Year
1995
Phone
(718) 293-3100Principal Officer
Kobina Arhin
Main Address
1465 NELSON AVENUE STE A, BRONX, NY, 10452
Website
www.highbridgecdc.com/NTEE Category
Code: S20 - Community improvement
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