Overview
What is Bonifacio Cora Texidor Hdfc?
Bonifacio Cora Texidor Hdfc is a nonprofit organization primarily dedicated to offering housing solutions for elderly and disabled individuals with low income. Located in New York, specifically at 7 east 116th street, this organization's mission is to provide safe and affordable living spaces for this specific demographic. Through their activities and mission, they aim to contribute positively to the community by ensuring that low-income elderly and disabled persons have access to suitable housing.
What are the reviews and ratings of this charity?
Charity Navigator rating: 79%, Three-Star out of Four Star rating.
Bonifacio Cora Texidor Hdfc has received a solid Three-Star rating from Charity Navigator, indicating a respectable level of accountability and finance management. The organization scored particularly well in categories related to governance, with 100% of its board members being independent, and it has implemented strong oversight measures, including an Audit and Oversight Committee. Its program expense ratio of 87.13% reflects a commitment to directing funds towards its mission.
However, the organization has received a lower score in the liabilities to assets ratio, which stands at 194.46%. This indicates a significant level of liabilities relative to its assets, suggesting potential financial risk that could affect its long-term sustainability. Despite this concern, the overall governance practices and policies in place may help mitigate some of the risks associated with this financial metric.
In summary, while Bonifacio Cora Texidor Hdfc demonstrates strong governance and effective financial management, it faces challenges regarding its financial leverage. Continued monitoring of these factors will be essential for ensuring the organization's ongoing impact and stability.
This AI summary has been generated from information found on Charity Navigator.
Is Bonifacio Cora Texidor Hdfc legitimate?
Bonifacio Cora Texidor Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bonifacio Cora Texidor 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: $243,118
For more financial information, click here
What is the mission statement of Bonifacio Cora Texidor Hdfc?
Bonifacio Cora Texidor Hdfc is committed to providing housing for low-income elderly and disabled individuals. Their mission is centered around offering a residential solution for those in need, ensuring they have a suitable living space. The organization's activities focus on this housing project, aiming to make a positive impact on the lives of these vulnerable individuals. By offering housing, they contribute to their overall well-being and quality of life. The project seeks to provide a safe and secure environment for these individuals, enabling them to live with dignity and independence.
Who is the CEO of Bonifacio Cora Texidor Hdfc?
Antonio Rivera is the Chairperson of Bonifacio Cora Texidor Hdfc.
What is the revenue of Bonifacio Cora Texidor Hdfc?
Bonifacio Cora Texidor Hdfc's revenue in 2022 was $1,699,476.
Who are the executives of Bonifacio Cora Texidor Hdfc and what are their salaries?
There 7 volunteers at Bonifacio Cora Texidor Hdfc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Bonifacio Cora Texidor Hdfc?
Bonifacio Cora Texidor Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bonifacio Cora Texidor Hdfc
Bonifacio Cora Texidor Hdfc is a nonprofit organization dedicated to providing housing solutions for low-income elderly and disabled individuals. The primary mission of this organization is to ensure that these vulnerable populations have access to safe and comfortable living spaces. By focusing on housing, Bonifacio Cora Texidor Hdfc aims to alleviate some of the challenges faced by this group, enabling them to live with dignity and independence. The organization's housing project is specifically designed for individuals who may struggle financially, providing an essential service that can significantly improve their quality of life.
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Impact
October, 2024
Bonifacio Cora Texidor Hdfc significantly impacts New York's community by addressing the pressing need for affordable housing tailored specifically for low-income elderly and disabled individuals. By providing well-structured housing solutions, it alleviates the financial burden faced by these vulnerable populations, ensuring their access to safe, secure, and suitable living environments.
This initiative enhances the quality of life for its residents by fostering independence and dignity among elderly and disabled persons who might otherwise struggle to find adequate housing. The focus on low-income demographics ensures that this essential service meets the needs of those who are often marginalized within the housing market. Furthermore, the project contributes to community stability and inclusivity, making housing a vital cornerstone in promoting overall well-being for some of New York's most vulnerable citizens.
This information is meant to be a general summary of Bonifacio Cora Texidor 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: $264
- Program Service Revenue: $1,692,423
- Gross Receipts: $1,699,476
Assets and Liabilities:
- Total Assets: $4,968,388
- Total Liabilities: $9,661,554
- Net Assets: -$4,693,166
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,692,423
Organization Details
Founding Year
1999
Phone
(212) 996-6959Principal Officer
Antonio Rivera
Main Address
7 east 116th street, new york, NY, 10029
NTEE Category
Code: L80Z - Housing
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