Overview
What is Help Development Corp?
Help Development Corp, based in New York City, is a dedicated nonprofit organization with a mission to create and manage affordable and supportive housing for formerly homeless individuals and families. In the fiscal year 2022, they completed and opened Help Philadelphia VI, offering 55 units of senior housing, and began construction on several projects, including Help One Building A with 184 units of supportive housing, Help One Building B with 71 units of supportive housing, and Help Bronx Renewal. Their core belief is that every person deserves a safe, affordable, and stable living environment, and they strive to achieve this goal by developing low-income housing. With a team of 21 dedicated employees, Help Development Corp. continues to make a positive impact in the community.
Official website here: www.helpusa.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Star rating).
Help Development Corp has earned an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization scored 100% in accountability and finance, indicating strong governance and management practices. Notably, the board is composed entirely of independent members, ensuring unbiased oversight.
The organization demonstrates a robust commitment to transparency, as evidenced by their comprehensive policies on conflict of interest, whistleblower protections, and document retention. With no reported material diversion of assets and a favorable liabilities to assets ratio of 24.52%, Help Development Corp showcases a solid financial foundation.
Moreover, the program expense ratio stands at 90.37%, suggesting that a significant majority of their funds are directed towards their programs rather than administrative costs. This prioritization of program expenses highlights their dedication to fulfilling their mission effectively while maintaining strict financial discipline.
This AI summary has been generated from information found on Charity Navigator.
Is Help Development Corp legitimate?
Help Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Help 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: $272,418
Professional Fundraising Fees: $0
Other Salaries and Wages: $794,573
For more financial information, click here
Official website here: www.helpusa.org
What is the mission statement of Help Development Corp?
Help Development Corp believes in the fundamental right of all individuals to have a secure, affordable, and stable living space. This organization prioritizes developing and managing low-income and supportive housing as a means to achieving this goal. In the fiscal year 2022, Help Development Corp completed the construction and opened Help Philadelphia VI, offering 55 units of senior housing, and started construction on three additional projects: Help One Building A with 184 units of supportive housing, Help One Building B with 71 units of supportive housing, and Help Bronx Renewal.
Official website here: www.helpusa.org
Who is the CEO of Help Development Corp?
John Emmert is the Director of Help Development Corp.
Official website here: www.helpusa.org
What is the revenue of Help Development Corp?
Help Development Corp's revenue in 2022 was $2,914,915.
Official website here: www.helpusa.org
Who are the executives of Help Development Corp and what are their salaries?
The average compensation at Help Development Corp during 2022 was $50,809. There are 21 employees and 5 volunteers at Help Development Corp.
Here are 9 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $406,499
- Other: $41,964
- Compensation: $233,415
- Related: $58,354
- Other: $43,655
- Compensation: $0
- Related: $249,433
- Other: $51,449
- Compensation: $0
- Related: $229,911
- Other: $35,297
Official website here: www.helpusa.org
Where can I find the form 990 for Help Development Corp?
Help Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.helpusa.org
Learn more at the official website: www.helpusa.org
Mission Statement of Help Development Corp
Help Development Corp, in its mission, strives to provide a secure, budget-friendly, and stable living space for low-income families and formerly homeless individuals. This nonprofit organization believes that every person has the right to a safe and affordable dwelling, and it achieves this goal by developing and managing affordable and supportive housing. During the fiscal year 2022, Help Development Corp completed the construction and opened Help Philadelphia VI, a senior housing complex with 55 units, and began construction on Help One Building A, offering 184 units of supportive housing. Additionally, the organization initiated construction on Help One Building B, providing 71 units of supportive housing, and Help Bronx Renewal. These endeavors reflect Help Development Corp's commitment to providing housing solutions for those in need.
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Impact
October, 2024
Help Development Corp has a significant impact on the community by creating essential housing solutions for low-income and formerly homeless families and individuals. The organization is dedicated to developing and managing affordable and supportive housing, ensuring that people in need have access to safe and stable living environments.
In fiscal year 2022 alone, Help Development Corp completed the construction and opened Help Philadelphia VI, which provides 55 units of senior housing, further supporting vulnerable populations. They also broke ground on several new projects, including Help One Building A with 184 units and Help One Building B with 71 units of supportive housing, in addition to the Help Bronx Renewal project. These initiatives reflect a commitment to addressing homelessness and housing insecurity, ultimately fostering stability and improving the quality of life for the residents served.
By prioritizing affordable housing development, Help Development Corp plays a crucial role in transforming lives and uplifting communities. Their work not only meets immediate shelter needs but also contributes to long-term solutions for housing disparity in New York.
This information is meant to be a general summary of Help 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: $337,005
- Program Service Revenue: $2,670,795
- Gross Receipts: $3,617,599
Assets and Liabilities:
- Total Assets: $73,330,551
- Total Liabilities: $54,495,752
- Net Assets: $18,834,799
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEE INCOME
Revenue
$2,670,795
Organization Details
Founding Year
1996
Phone
(212) 400-7000Principal Officer
John Emmert
Main Address
115 EAST 13TH STREET, NEW YORK, NY, 10003
Website
www.helpusa.orgNTEE Category
Code: P85 - Human services
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