Overview
What is Belmont Boulevard Ii Hdfc Inc?
Belmont Boulevard Ii Hdfc Inc is a nonprofit organization situated in Bronx, New York, specifically at 660 East 183rd Street. Their primary mission is to provide affordable, subsidized housing for senior citizens and individuals with disabilities, under the Section 202/08 program, which falls under the jurisdiction of the U.S. Department of Housing and Urban Development (HUD). With a team of 10 dedicated employees, this organization strives to meet the housing needs of vulnerable populations, contributing to a more inclusive and supportive community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Stars)
Belmont Boulevard II HDFC Inc has received a score of 64% from Charity Navigator, indicating a two-star rating. This score reflects some challenges in the areas of accountability and finance, particularly concerning the composition of its board. With only 33% of board members being independent, the organization falls short in meeting standards for board independence.
Despite these concerns, Belmont Boulevard II demonstrates strengths in several governance practices. The organization has a solid financial oversight framework, as evidenced by its perfect score in the audit and oversight committee. Additionally, it has established important policies, such as conflict of interest and whistleblower protections, which are crucial for ethical management.
However, the nonprofit's financial health raises questions, especially with a liabilities-to-assets ratio of 212.55%, indicating potential financial strain. While it allocates a commendable 94.26% of its expenses to programs, the absence of key documents on its website, including tax forms, detracts from transparency and accessibility for stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Belmont Boulevard Ii Hdfc Inc legitimate?
Belmont Boulevard Ii Hdfc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont Boulevard Ii Hdfc Inc 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: $89,048
For more financial information, click here
What is the mission statement of Belmont Boulevard Ii Hdfc Inc?
Belmont Boulevard II HDFC Inc is committed to providing affordable subsidized housing for senior citizens and individuals with disabilities. This is carried out under the Section 202/08 program, which falls under the jurisdiction of the U.S. Department of Housing & Urban Development (HUD). Their mission is to offer a living space that is financially accessible for these vulnerable groups, ensuring they can maintain a dignified and independent lifestyle. The organization operates within the guidelines set by the HUD, providing a supportive environment that caters to their unique needs.
Who is the CEO of Belmont Boulevard Ii Hdfc Inc?
Consolato Cicciu is the President of Belmont Boulevard Ii Hdfc Inc.
What is the revenue of Belmont Boulevard Ii Hdfc Inc?
Belmont Boulevard Ii Hdfc Inc's revenue in 2022 was $1,302,880.
Who are the executives of Belmont Boulevard Ii Hdfc Inc and what are their salaries?
The average compensation at Belmont Boulevard Ii Hdfc Inc during 2022 was $8,905. There are 10 employees at Belmont Boulevard Ii Hdfc Inc.
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
Where can I find the form 990 for Belmont Boulevard Ii Hdfc Inc?
Belmont Boulevard Ii Hdfc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Belmont Boulevard Ii Hdfc Inc
Belmont Boulevard II HDFC Inc, as a nonprofit organization, is dedicated to providing affordable subsidized housing for senior citizens and individuals with disabilities. This mission is carried out under the jurisdiction of the U.S. Department of Housing and Urban Development (HUD) and specifically through the Section 202/8 program. The organization's goal is to ensure that these vulnerable groups have access to suitable housing, thereby enhancing their quality of life. By offering subsidized housing, Belmont Boulevard II HDFC Inc plays a significant role in supporting the well-being and independence of senior citizens and handicapped individuals, enabling them to live with dignity and comfort.
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Impact
October, 2024
Belmont Boulevard II HDFC Inc plays a crucial role in enhancing the quality of life for senior citizens and individuals with disabilities in the Bronx, NY. By providing affordable subsidized housing under the Section 202/08 program, it directly addresses the critical need for accessible living options in a community where housing affordability can be a significant barrier.
This initiative not only alleviates financial strain for elderly and handicapped residents but also fosters a sense of community and belonging. Safe, stable housing is foundational for individuals to thrive, and Belmont Boulevard II HDFC Inc contributes to this by ensuring residents have access to essential resources and support services.
Through its commitment to affordable housing, the organization positively impacts the well-being of some of society's most vulnerable populations, allowing them to maintain their independence and dignity while living in a supportive environment. Overall, its efforts help to create a more inclusive and equitable community in the Bronx.
This information is meant to be a general summary of Belmont Boulevard Ii Hdfc Inc. 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: $147
- Program Service Revenue: $1,298,681
- Gross Receipts: $1,302,880
Assets and Liabilities:
- Total Assets: $5,226,605
- Total Liabilities: $11,109,236
- Net Assets: -$5,882,631
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,301,364
SUPER RENT FREE UNIT
Revenue
$12,000
VACANCIES
Revenue
-$14,683
Organization Details
Founding Year
2005
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
NTEE Category
Code: L22 - Housing
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