Overview
What is Malcolm X Apartments Inc?
Malcolm X Apartments Inc is a nonprofit organization situated in Queens Village, New York. Their primary focus is to provide housing for individuals with low income. Beyond offering shelter, they also foster a tenants association to enhance the aesthetics and upkeep of the building. Their initiatives extend to contributing to veteran associations. In essence, Malcolm X Apartments Inc plays a significant role in providing housing solutions and community involvement for those in need, while supporting local veterans.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55% (One-Star out of Four Stars)
Malcolm X Apartments Inc has received a One-Star rating from Charity Navigator, indicating significant room for improvement in its accountability and financial practices. While the organization has a high percentage of independent board members and shows no material diversion of assets, it struggles with transparency, as evidenced by its missing policies on conflict of interest, whistleblowing, and document retention.
Despite achieving a perfect program expense ratio of 100%, the organization's liabilities to assets ratio of 120.15% raises concerns about its financial health. Furthermore, critical documentation, such as board meeting minutes and tax forms, is not readily available on its website, which negatively impacts its overall score.
Overall, while Malcolm X Apartments Inc is committed to its mission, the lack of essential policies and transparency measures detracts from its accountability. Stakeholders may want to consider these factors when evaluating the organization's effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Malcolm X Apartments Inc legitimate?
Malcolm X Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Malcolm X Apartments 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: $0
For more financial information, click here
What is the mission statement of Malcolm X Apartments Inc?
Malcolm X Apartments Inc's mission is centered around providing housing for individuals with low income. Beyond this primary objective, the organization also works towards fostering a tenants association for the betterment and enhancement of the building. Additional programs under its purview include contributions to veterans associations, demonstrating a commitment to supporting various sections of society.
Who is the CEO of Malcolm X Apartments Inc?
David Brown is the Member of Malcolm X Apartments Inc.
What is the revenue of Malcolm X Apartments Inc?
Malcolm X Apartments Inc's revenue in 2022 was -$213,470.
Who are the executives of Malcolm X Apartments Inc and what are their salaries?
There are 4 employees at Malcolm X Apartments Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Malcolm X Apartments Inc?
Malcolm X Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Malcolm X Apartments Inc
Malcolm X Apartments Inc, a nonprofit organization, is dedicated to providing housing for individuals with low income. Beyond offering shelter, Malcolm X Apartments also encourages the formation of a tenants association, fostering a sense of community and contributing to the ongoing enhancement and improvement of the building. Additionally, the organization extends its support to local veterans associations, demonstrating a commitment to various causes beyond just providing housing.
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Impact
October, 2024
Malcolm X Apartments Inc plays a crucial role in addressing housing challenges for low-income individuals in Queens Village, NY. By providing affordable housing options, it not only secures a stable living environment for its residents but also fosters a sense of community through the establishment of tenants associations. These associations are instrumental in the ongoing beautification and improvement of the building, creating a more appealing and cohesive neighborhood.
Additionally, Malcolm X Apartments extends its impact beyond just housing. It has initiated programs that contribute to veterans associations, highlighting a commitment to supporting local veterans and honoring their service. This multifaceted approach not only uplifts individual residents but also strengthens the community as a whole, promoting social cohesion and collective engagement. Overall, the organization significantly enhances the quality of life for its residents and contributes to the development of a vibrant, supportive community.
This information is meant to be a general summary of Malcolm X Apartments 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: $1,864
- Gross Receipts: $1,669,440
Assets and Liabilities:
- Total Assets: $2,458,194
- Total Liabilities: $2,953,753
- Net Assets: -$495,559
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Organization Details
Founding Year
1999
Phone
(718) 740-0416Principal Officer
David Brown
Main Address
C/O Shinda 221-10 Jamaica Ave, Queens Village, NY, 11428
NTEE Category
Code: L21 - Housing
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