Overview
What is Two Bridges Neighborhood Council Inc?
Two Bridges Neighborhood Council Inc, established in 1954, is a dedicated nonprofit organization situated in New York City's Lower East Side. With a strong commitment to community development, the council works tirelessly to promote affordable housing, human services, and tenant organizing. By fostering a sense of fellowship and engaging with local residents, businesses, entrepreneurs, and leaders, they strive to stimulate and maintain economic vitality in the area. The council also champions cultural diversity and plays an active role in planning initiatives for the social welfare of the Lower East Side community. With a team of 17 employees, Two Bridges Neighborhood Council Inc continues its mission to serve and uplift the neighborhood.
Official website here: www.twobridges.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 29% (Zero-Star out of Four Star Rating)
Two Bridges Neighborhood Council Inc has received a low rating of 29% from Charity Navigator, primarily due to significant issues in Accountability and Finance. While the organization has a fully independent board, it lacks several crucial policies, including conflict of interest and whistleblower policies, which are essential for transparency and accountability. The absence of financial statements further contributes to its poor financial health assessment, leading to a very low program expense ratio.
Despite the low rating, user reviews on Great Nonprofits indicate that some programs, such as the STEP program, are well-received by participants and employers alike. Reviewers have praised the positive experiences and valuable skills gained through participation, suggesting that while the overall governance may be lacking, some aspects of the organization's services are impactful and beneficial to the community.
However, the organization faces limitations in its financial management and accountability practices, which could hinder its ability to secure further funding and public trust. Enhancing transparency and addressing the noted deficiencies in policy and financial documentation are critical for improving its overall rating and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Two Bridges Neighborhood Council Inc legitimate?
Two Bridges Neighborhood Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Two Bridges Neighborhood Council 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: $135,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $448,246
For more financial information, click here
Official website here: www.twobridges.org
What is the mission statement of Two Bridges Neighborhood Council Inc?
Two Bridges Neighborhood Council Inc, established in 1954, has been committed to serving the neighborhoods of Manhattan's Lower East Side. Their mission, as stated, is to promote the social welfare of these communities through community fellowship, education, and planning. They strive to create affordable housing, celebrate cultural diversity, and collaborate with local residents, businesses, entrepreneurs, and leaders to stimulate and maintain economic vitality. In addition, the council promotes new housing, human services, community development, and tenant organizing.
Official website here: www.twobridges.org
Who is the CEO of Two Bridges Neighborhood Council Inc?
Victor J Papa is the President of Two Bridges Neighborhood Council Inc.
Official website here: www.twobridges.org
What is the revenue of Two Bridges Neighborhood Council Inc?
Two Bridges Neighborhood Council Inc's revenue in 2022 was $1,078,757.
Official website here: www.twobridges.org
Who are the executives of Two Bridges Neighborhood Council Inc and what are their salaries?
The average compensation at Two Bridges Neighborhood Council Inc during 2022 was $34,309. There are 17 employees at Two Bridges Neighborhood Council Inc.
Here are 7 key members and their salaries:
- Compensation: $135,000
- Related: $0
- Other: $0
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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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- Other: $0
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- Other: $0
Official website here: www.twobridges.org
Where can I find the form 990 for Two Bridges Neighborhood Council Inc?
Two Bridges Neighborhood Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.twobridges.org
Learn more at the official website: www.twobridges.org
Mission Statement of Two Bridges Neighborhood Council Inc
Two Bridges Neighborhood Council Inc, established in 1954, has been devoted to enriching the communities of Manhattan's Lower East Side. Their primary mission is to foster social welfare in New York City, achieved through community engagement, education, and strategic planning. The organization's objective is to promote the growth of affordable housing, human services, community development, and tenant organizing within the community. By doing so, Two Bridges Neighborhood Council Inc seeks to create a harmonious and vibrant environment where local residents, businesses, entrepreneurs, and leaders can thrive, celebrating the diverse cultural heritage of the area.
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Impact
October, 2024
Two Bridges Neighborhood Council Inc. has significantly impacted Manhattan's Lower East Side by focusing on creating affordable housing and fostering cultural diversity. Since its inception in 1954, it has actively engaged local residents, businesses, and community leaders to promote economic vitality and growth in the area.
The council plays a crucial role in tenant organizing and community development, ensuring that the voices of residents are heard and their needs addressed. By promoting new housing initiatives and providing vital human services, TBNC directly contributes to the social welfare of the Lower East Side, helping to create a more inclusive and supportive environment for all residents.
Through educational programs and community fellowship, the council fosters a sense of belonging and encourages collaboration among diverse groups. This efforts not only enhance the quality of life for the community but also strengthen the bonds between residents, enhancing the vibrancy and resilience of the neighborhood.
This information is meant to be a general summary of Two Bridges Neighborhood Council 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: $76,120
- Program Service Revenue: $544,797
- Gross Receipts: $1,124,272
Assets and Liabilities:
- Total Assets: $16,490,113
- Total Liabilities: $14,352,976
- Net Assets: $2,137,137
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$523,820
PROGRAM FEES
Revenue
$20,977
Organization Details
Founding Year
1965
Phone
(212) 566-2729Principal Officer
Victor J Papa
Main Address
275 CHERRY STREET, NEW YORK, NY, 10002
Website
www.twobridges.orgNTEE Category
Code: L20 - Housing
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