Overview
What is 1350 Ogden Avenue Hdfcinc?
1350 Ogden Avenue Hdfcinc is a nonprofit organization located in the Bronx, New York, primarily dedicated to providing affordable housing opportunities for low-income and moderate-income families. The organization generates revenue mainly through rental income derived from these housing units. Its operation costs cover administrative fees, utilities, repairs and maintenance, taxes, and insurance, ensuring efficient management of the premises in compliance with regulations. The mission of 1350 Ogden Avenue Hdfcinc remains focused on offering housing solutions to the local community, contributing to the overall well-being and stability of its residents.
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)
1350 Ogden Avenue Hdfcinc has received an 81% score, indicative of a solid performance in terms of accountability and financial health. The organization earned its rating solely based on its accountability and finance metrics, without any issues concerning material diversion of assets. This reflects a transparent and responsible management of resources.
The nonprofit's strengths include a high program expense ratio of 70.84%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization has demonstrated robust financial practices, including a comprehensive conflict of interest policy and effective oversight through its audit and oversight committee.
While the overall rating is positive, it is worth noting that the score is derived from a single beacon score focused on accountability and finance. This could imply limitations in assessing other operational aspects such as impact and effectiveness, which are not captured by this rating alone.
This AI summary has been generated from information found on Charity Navigator.
Is 1350 Ogden Avenue Hdfcinc legitimate?
1350 Ogden Avenue Hdfcinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1350 Ogden 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.belmontarthurldc.com
What is the mission statement of 1350 Ogden Avenue Hdfcinc?
The mission of the organization, identified as 1350 Ogden Avenue Hdfcinc, is centered around providing housing opportunities for individuals with lower to moderate income levels within the community. By generating revenue through family-subsidized rental units occupying the property, they offer these housing opportunities effectively. The associated expenses cover administrative fees, utilities, repair and maintenance, as well as tax and insurance expenses, ensuring the efficient operation of the premises while adhering to regulations.
Official website here: www.belmontarthurldc.com
Who is the CEO of 1350 Ogden Avenue Hdfcinc?
Consolato Cicciu is the President of 1350 Ogden Avenue Hdfcinc.
Official website here: www.belmontarthurldc.com
What is the revenue of 1350 Ogden Avenue Hdfcinc?
1350 Ogden Avenue Hdfcinc's revenue in 2022 was $619,288.
Official website here: www.belmontarthurldc.com
Who are the executives of 1350 Ogden 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 1350 Ogden Avenue Hdfcinc?
1350 Ogden 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 1350 Ogden Avenue Hdfcinc
1350 Ogden Avenue Hdfcinc is dedicated to providing housing opportunities for individuals and families with low to moderate incomes. Their mission is to make a significant impact on the community by offering affordable living spaces. The organization generates revenue primarily through low to moderate income family-subsidized rentals, which occupy their properties. The associated expenses include administrative fees, utilities, repairs and maintenance, as well as taxes and insurance, all necessary components to efficiently operate the premises and comply with regulations. In essence, 1350 Ogden Avenue Hdfcinc serves as a vital resource for individuals and families in need of affordable housing, contributing to a more equitable and inclusive community.
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Impact
July, 2024
1350 Ogden Avenue Hdfcinc provides low to moderate income housing opportunities for the community in Bronx, NY. Its impact is felt through the provision of affordable housing options for families who might not otherwise be able to afford suitable accommodation in the area. This organization plays a crucial role in addressing the housing needs of low to moderate income individuals and families, thereby contributing to the overall wellbeing and stability of the community.
This information is meant to be a general summary of 1350 Ogden 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: $4,451
- Program Service Revenue: $614,837
- Gross Receipts: $619,288
Assets and Liabilities:
- Total Assets: $1,974,388
- Total Liabilities: $72,814
- Net Assets: $1,901,574
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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
$528,146
OTHER RENTAL INCOME
Revenue
$100,357
VACANCIES
Revenue
-$13,666
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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