Overview
What is 1870 Crotona Avenue Housing Development Fund Corporation?
The 1870 Crotona Avenue Housing Development Fund Corporation is a nonprofit organization situated in the Bronx, New York. Their primary mission is to provide affordable housing solutions for low-income residents within the South Bronx area of New York City. By offering clean and reasonably priced accommodations, this organization aims to contribute positively to the local community. While the information provided does not include specific details about their programs or initiatives, it is clear that their overarching goal is to alleviate housing-related challenges faced by those with limited resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
The 1870 Crotona Avenue Housing Development Fund Corporation has received a Three-Star rating, reflecting a solid performance in accountability and finance. The charity's overall score is attributed solely to its accountability metrics, showcasing a strong commitment to financial integrity and transparency in its operations.
Strengths of the organization include a fully independent board with 100% compliance on board member independence, as well as robust financial oversight practices, including a well-functioning audit and oversight committee. The organization also scores high in program expense ratio, dedicating 70.84% of its expenses directly to programs, which indicates effective use of funds towards its mission.
While the organization performs well in its accountability measures, the single beacon score highlights a lack of diversified performance assessment, limiting the evaluation to financial metrics alone. Future ratings may benefit from a broader evaluation of programmatic impact and effectiveness beyond just financial indicators.
This AI summary has been generated from information found on Charity Navigator.
Is 1870 Crotona Avenue Housing Development Fund Corporation legitimate?
1870 Crotona Avenue Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1870 Crotona Avenue Housing Development Fund Corporation 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 1870 Crotona Avenue Housing Development Fund Corporation?
The 1870 Crotona Avenue Housing Development Fund Corporation is committed to providing a vital service in the mission to offer affordable housing options. Situated in an unspecified location, their primary objective is to cater to the housing needs of low-income residents. They strive to deliver clean and reasonably priced living spaces, thereby contributing to a more equitable living standard for their residents. The corporation's activities are centered around ensuring affordable housing, thereby addressing a significant need within the community.
Who is the CEO of 1870 Crotona Avenue Housing Development Fund Corporation?
Debbian Fletcher-Blake is the Director of 1870 Crotona Avenue Housing Development Fund Corporation. The CEO's salary of 1870 Crotona Avenue Housing Development Fund Corporation is $0 and their total compensation is $376,981.
What is the revenue of 1870 Crotona Avenue Housing Development Fund Corporation?
1870 Crotona Avenue Housing Development Fund Corporation's revenue in 2022 was $588,626.
Who are the executives of 1870 Crotona Avenue Housing Development Fund Corporation and what are their salaries?
There 6 volunteers at 1870 Crotona Avenue Housing Development Fund Corporation.
Here are 8 key members and their salaries (1870 Crotona Avenue Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $376,981):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $345,130
- Other: $31,851
- Compensation: $0
- Related: $237,803
- Other: $27,026
Where can I find the form 990 for 1870 Crotona Avenue Housing Development Fund Corporation?
1870 Crotona Avenue Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1870 Crotona Avenue Housing Development Fund Corporation
The 1870 Crotona Avenue Housing Development Fund Corporation is committed to a noble mission. In simple terms, this nonprofit organization strives to make a significant impact in the realm of affordable housing. More specifically, it seeks to provide clean and affordable living spaces for low-income residents within New York City, with a particular focus on the South Bronx area. By offering affordable housing, the corporation aims to contribute to the well-being and stability of its community, providing a much-needed service for those who might otherwise struggle to secure adequate housing.
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Impact
July, 2024
1870 Crotona Avenue Housing Development Fund Corporation has a significant impact on the community by providing clean and affordable housing to low-income residents in the South Bronx, New York City. Their mission to offer affordable housing helps address the pressing issue of housing insecurity among vulnerable populations. Through their work, they contribute to improving the quality of life for individuals and families in need, promoting stability and well-being in the community. Their efforts in philanthropy support the overall social welfare and economic development of the South Bronx area.
This information is meant to be a general summary of 1870 Crotona Avenue Housing Development Fund Corporation. 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: $146
- Program Service Revenue: $588,480
- Gross Receipts: $588,626
Assets and Liabilities:
- Total Assets: $4,388,254
- Total Liabilities: $6,100,898
- Net Assets: -$1,712,644
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENTALS
Revenue
$588,480
Organization Details
Founding Year
2001
Phone
(718) 583-5150Principal Officer
Debbian Fletcher-Blake
Main Address
770 EAST 176 ST, BRONX, NY, 10460
NTEE Category
Code: T70 - Philanthropy
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