Overview
What is Selfhelpunited Help Kissena Apts Hdfc Inc?
Selfhelpunited Help Kissena Apts Hdfc Inc, established in 1998, is a nonprofit organization situated in New York City, specifically at 520 EIGHTH AVENUE 5TH FLOOR. It was formed under New York's non-profit law and has a primary mission to provide affordable housing for elderly and disabled individuals with low income, residing in Queens County. Funded initially by the U.S. Department of Housing and Urban Development (HUD) under Section 202, the organization comprises 69 units eligible for HUD Section 8 rental assistance. The entity is regulated by HUD, ensuring that rent charges and operating methods adhere to specific guidelines. With a small workforce of just two individuals, Selfhelpunited Help Kissena Apts Hdfc Inc continues to provide a vital service, catering to the housing needs of the elderly and disabled community in the area.
What are the reviews and ratings of this charity?
Charity Navigator rating: 65%, Two-Star out of Four Star rating.
Selfhelpunited Help Kissena Apts Hdfc Inc has received a moderate rating, reflecting both strengths and weaknesses in its operations. The organization demonstrates strong financial accountability with a solid score for independent board membership and a clean audit of financial statements. However, notable deficiencies exist in transparency, with missing policies related to conflicts of interest and whistleblower protections, as well as inadequate documentation practices.
The nonprofit excels in program expenses, indicating that a significant portion of its budget is directed towards its mission-related activities, which is a positive sign for stakeholders. Nevertheless, the liabilities to assets ratio raises concerns, suggesting potential financial instability. High salaries for key personnel could also draw scrutiny, affecting public trust and perception of resource allocation.
Overall, while there are notable strengths in governance and program funding, the lack of essential policies and transparency measures creates challenges for the organization. Addressing these issues could improve its rating and enhance public confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Selfhelpunited Help Kissena Apts Hdfc Inc legitimate?
Selfhelpunited Help Kissena Apts Hdfc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Selfhelpunited Help Kissena Apts 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: $134,943
For more financial information, click here
What is the mission statement of Selfhelpunited Help Kissena Apts Hdfc Inc?
Selfhelpunited Help Kissena Apts Hdfc Inc, established in 1998, is dedicated to providing affordable housing for elderly and disabled individuals of low income. Its primary mission is to operate an apartment complex, housing 69 units, specifically designed for this demographic. The entity was financed through the U.S. Department of Housing and Urban Development (HUD) under Section 202 and is eligible for HUD Section 8 rental assistance. These entities, such as Selfhelpunited, are regulated by HUD in terms of rental charges and operating methods, ensuring affordable housing options for those in need.
Who is the CEO of Selfhelpunited Help Kissena Apts Hdfc Inc?
Stuart C Kaplan is the President/Director of Selfhelpunited Help Kissena Apts Hdfc Inc.
What is the revenue of Selfhelpunited Help Kissena Apts Hdfc Inc?
Selfhelpunited Help Kissena Apts Hdfc Inc's revenue in 2022 was $1,142,232.
Who are the executives of Selfhelpunited Help Kissena Apts Hdfc Inc and what are their salaries?
The average compensation at Selfhelpunited Help Kissena Apts Hdfc Inc during 2022 was $67,472. There are 2 employees and 7 volunteers at Selfhelpunited Help Kissena Apts Hdfc Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $1,023,017
- Other: $78,559
- Compensation: $0
- Related: $354,180
- Other: $62,024
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Selfhelpunited Help Kissena Apts Hdfc Inc?
Selfhelpunited Help Kissena Apts Hdfc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Selfhelpunited Help Kissena Apts Hdfc Inc
Selfhelpunited Help Kissena Apts Hdfc Inc, established in 1998, was founded under New York's non-profit law with the primary mission of providing affordable housing to elderly and disabled individuals of low income. This nonprofit organization operates an apartment complex, housing 69 units specifically designed for this demographic. The complex is regulated by the U.S. Department of Housing and Urban Development (HUD) under Section 202, and it is eligible for HUD Section 8 rental assistance. Such entities are subject to regulations by HUD, controlling both the rental charges and the operating methods, ensuring that the housing remains accessible and affordable for those in need.
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Impact
October, 2024
Selfhelpunited Help Kissena Apts Hdfc Inc significantly impacts its community by providing affordable housing tailored specifically for elderly and disabled individuals from low-income backgrounds in Queens, New York. By developing and operating a 69-unit apartment complex, the organization meets a critical need for accessible housing that enables its residents to live with dignity and security.
The housing options offered not only alleviate the financial burden associated with high rental costs but also foster a sense of community among residents, promoting social interaction and support networks. Furthermore, with financing through the U.S. Department of Housing and Urban Development (HUD) and adherence to strict regulatory guidelines, the organization ensures that rent remains affordable and that residents have access to necessary resources.
The focus on elderly and disabled residents underscores an essential commitment to inclusivity, allowing this demographic to thrive in a safe environment designed to accommodate their unique needs. Overall, Selfhelpunited Help Kissena Apts Hdfc Inc plays a vital role in enhancing the quality of life for vulnerable populations while addressing broader challenges related to affordable housing in the region.
This information is meant to be a general summary of Selfhelpunited Help Kissena Apts 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: $907
- Program Service Revenue: $184,066
- Gross Receipts: $1,142,232
Assets and Liabilities:
- Total Assets: $5,793,145
- Total Liabilities: $8,436,622
- Net Assets: -$2,643,477
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$184,066
Organization Details
Founding Year
1998
Phone
(212) 971-7730Principal Officer
Stuart C Kaplan
Main Address
520 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY, 10018
NTEE Category
Code: P80 - Human services
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