Overview
What is 793-797 Garden Street Hdfc?
793-797 Garden Street Hdfc is a nonprofit organization situated in the Bronx, New York. Their primary mission is to provide affordable housing solutions for low-income families, operating a building that houses 86 residential apartments. By doing so, they contribute to the community by offering a safe and comfortable living environment for families who may struggle financially. The organization's focus is centered on the Bronx area, aiming to alleviate housing issues and promote a sense of stability and security for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
793-797 Garden Street Hdfc has achieved an 86% rating, reflecting strong performance in accountability and finance, which is crucial for donor trust. The organization has a fully independent board, ensuring that decision-making is impartial and aligned with the nonprofit's mission. With no material diversion of assets reported, this indicates a high level of integrity in managing funds.
The financial health of the organization is commendable, with a program expense ratio of 89.47%, highlighting that the majority of its expenditures are directed towards its core programs. Additionally, the oversight mechanisms in place, such as an Audit and Oversight Committee and a robust conflict of interest policy, contribute positively to its financial accountability.
However, the liabilities to assets ratio stands at 55.88%, which suggests that the organization has a significant amount of liabilities relative to its assets. While this is not uncommon for nonprofits, it may indicate potential financial challenges that could affect long-term sustainability. Overall, the organization demonstrates strong governance and financial practices, but attention to its liabilities is advisable.
This AI summary has been generated from information found on Charity Navigator.
Is 793-797 Garden Street Hdfc legitimate?
793-797 Garden Street Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 793-797 Garden Street 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: $34,452
For more financial information, click here
What is the mission statement of 793-797 Garden Street Hdfc?
The organization 793-797 Garden Street Hdfc is committed to providing affordable housing options for low-income families. This mission is carried out by operating a building that houses 86 residential apartments. The primary goal is to make housing more accessible and affordable for families in need, thereby contributing to a more inclusive and equitable community. The organization's activities are focused on ensuring that these families have a secure and affordable place to call home. While the organization does not engage in research or advocacy like some other non-profits, its commitment to affordable housing is a crucial service that significantly impacts the lives of its residents.
Who is the CEO of 793-797 Garden Street Hdfc?
Joseph P Muriana is the President of 793-797 Garden Street Hdfc.
What is the revenue of 793-797 Garden Street Hdfc?
793-797 Garden Street Hdfc's revenue in 2022 was $916,423.
Who are the executives of 793-797 Garden Street Hdfc and what are their salaries?
There 3 volunteers at 793-797 Garden Street Hdfc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 793-797 Garden Street Hdfc?
793-797 Garden Street Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 793-797 Garden Street Hdfc
793-797 Garden Street Hdfc, as a nonprofit organization, is dedicated to providing affordable housing for low-income families. Their mission is to create a living environment that caters to families in financial need, offering them a stable and comfortable home in the Bronx, NY. The organization operates a building that houses 86 residential apartments, providing a much-needed solution for families who struggle to afford housing costs. By offering affordable housing, 793-797 Garden Street Hdfc contributes to the betterment of these families, allowing them to focus on other essential aspects of their lives. The organization's commitment to affordable housing is a significant step in supporting the community and ensuring that everyone has access to a decent living space, regardless of their income level.
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Impact
October, 2024
793-797 Garden Street Hdfc significantly impacts the Bronx community by providing affordable housing for low-income families. By operating a building that contains 86 residential apartments, it directly addresses the pressing need for accessible housing in the area. This initiative not only helps families secure stable living conditions but also fosters a sense of community and improves overall quality of life. The presence of affordable housing contributes to the social and economic stability of the neighborhood, enabling families to thrive and participate fully in the local economy.
This information is meant to be a general summary of 793-797 Garden Street 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: $356
- Program Service Revenue: $906,512
- Gross Receipts: $916,423
Assets and Liabilities:
- Total Assets: $1,573,776
- Total Liabilities: $879,520
- Net Assets: $694,256
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$906,512
Organization Details
Founding Year
1996
Phone
(718) 933-3101Principal Officer
Joseph P Muriana
Main Address
2751 Grand Concourse, Bronx, NY, 10468
NTEE Category
Code: L20 - Housing
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