Overview
What is Gha Community Development Corp?
Gha Community Development Corp, located at 9 Maple Street, White Plains, NY 10603, is a dedicated nonprofit organization that focuses on aiding low-income families. For the past six years, they have successfully achieved their mission of providing safe, decent, and affordable housing opportunities to qualifying families. Their notable achievement includes the completion of a housing complex with eight affordable units. The corporation's primary objective is to assist low to moderate-income families, demonstrating their commitment to community development and affordable living.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Gha Community Development Corp has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. With a score of 58%, the organization has notable weaknesses in governance, such as lacking an independent board and failing to maintain essential policies, which detracts from its overall credibility. However, it does excel in financial statements and has shown no material diversion of assets, reflecting a commitment to financial integrity.
Despite the high program expense ratio of 97.93%, suggesting that most of its funds are allocated to programs rather than administrative costs, the absence of proper oversight mechanisms raises red flags for potential donors and stakeholders. The organization's inability to meet basic transparency requirements, such as not posting required documents on its website, signals a need for improvement in communication and governance.
Overall, while Gha Community Development Corp demonstrates a strong focus on program expenses, its governance and accountability issues significantly impact its rating. Potential supporters should consider these limitations when evaluating their engagement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Gha Community Development Corp legitimate?
Gha Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gha Community Development Corp 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.
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What is the mission statement of Gha Community Development Corp?
The Greenburg Housing Development Corp, as a commitment, has been successful in providing safe, decent, and affordable housing options to low and moderate-income families for the past six years. The corporation has further solidified its mission by completing the construction and lease-up of an affordable housing complex containing eight units. The Greenburg Housing Development Corp is dedicated to assisting low to moderate-income families by offering affordable housing opportunities. This undertaking aims to support qualified families in securing suitable living arrangements, thereby contributing to their overall well-being.
Who is the CEO of Gha Community Development Corp?
Raju Abraham is the Executive Dir. of Gha Community Development Corp.
What is the revenue of Gha Community Development Corp?
Gha Community Development Corp's revenue in 2022 was $667,791.
Who are the executives of Gha Community Development Corp and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Gha Community Development Corp?
Gha Community Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gha Community Development Corp
Gha Community Development Corp, a dedicated nonprofit organization, has been committed to assisting low to moderate income families for six years now. Their primary mission is to provide affordable housing opportunities, ensuring that families in need can secure safe and decent living spaces. By accomplishing this objective, Gha Community Development Corp has managed to lease out eight affordable housing units, making a significant impact in the lives of these families. The corporation's dedication to this cause is evident in their tireless efforts to assist qualified low-income families, thereby contributing to a more equitable and inclusive community.
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Impact
July, 2024
Gha Community Development Corp has made a significant impact in White Plains, NY, by successfully obtaining and providing safe, decent, and affordable housing to low and moderate-income families for the last six years. They have completed construction and lease-up of a complex containing eight affordable housing units, thereby directly addressing the critical need for affordable housing in the community. Through their dedicated mission, Gha Community Development Corp continues to assist low to moderate-income families by offering them affordable housing opportunities, making a tangible difference in the lives of those in need.
This information is meant to be a general summary of Gha Community Development Corp. 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.
- Program Service Revenue: $667,791
- Gross Receipts: $667,791
Assets and Liabilities:
- Total Assets: $1,161,609
- Total Liabilities: $714,130
- Net Assets: $447,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARKING REVENUE
Revenue
$1,200
RENTAL REVENUE
Revenue
$664,904
TENANT CHARGES
Revenue
$1,687
Organization Details
Founding Year
2001
Phone
(914) 946-2110Principal Officer
Raju Abraham
Main Address
9 MAPLE STREET, WHITE PLAINS, NY, 10603
NTEE Category
Code: L21 - Housing
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