Overview
What is Chayim V Chesed?
Chayim V Chesed is a compassionate nonprofit organization based in Brooklyn, New York, with a team of five dedicated individuals. Their primary mission is to collect funds from sympathetic donors to support reputable organizations and individuals in need, both in the US and abroad. By raising funds, they aim to help those less fortunate who struggle to meet their basic living necessities on a daily basis. Notably, the officers, directors, and their families of this organization do not qualify for any assistance from the funds they collect.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Chayim V Chesed has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 74%. The organization demonstrates strong accountability measures, reflected in its perfect scores for independent board members, conflict of interest policy, and financial management practices. However, it struggles significantly with its board size and financial statement transparency, which hinder its overall rating.
The organization excels in program expense efficiency, allocating nearly all its resources directly to programs, which shows a strong commitment to its mission. Additionally, it maintains a low liabilities-to-assets ratio, indicating sound financial health in that aspect. The fundraising efficiency is also notably high, reflecting effective use of funds raised.
Despite these strengths, Chayim V Chesed's lack of an independent board size and poor financial statement provision are serious concerns. These issues contribute to the lower rating and indicate a need for improvement in governance and transparency to enhance trust and accountability with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Chayim V Chesed legitimate?
Chayim V Chesed is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chayim V Chesed 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: $140,283
For more financial information, click here
Official website here: www.none
What is the mission statement of Chayim V Chesed?
Chayim V Chesed is an organization dedicated to collecting funds for those in need. It draws support from compassionate individuals who wish to extend a helping hand to less fortunate individuals who struggle to make ends meet on a daily basis with basic living necessities. The organization's officers and directors, along with their families, are ineligible to receive any assistance from the funds collected. The primary mission of Chayim V Chesed is to distribute the collected funds to reputable organizations and individuals, both in the US and abroad, to help alleviate their financial hardships. By raising and distributing funds, Chayim V Chesed aims to make a positive impact on people's lives and provide a much-needed safety net.
Official website here: www.none
What is the revenue of Chayim V Chesed?
Chayim V Chesed's revenue in 2024 was $34,440,808.
Official website here: www.none
Who are the executives of Chayim V Chesed and what are their salaries?
The average compensation at Chayim V Chesed during 2024 was $20,040. There are 7 employees and 10 volunteers at Chayim V Chesed.
Here are 3 key members and their salaries:
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- Other: $0
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- Other: $0
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Chayim V Chesed
Chayim V Chesed, a humanitarian organization, is dedicated to collecting funds from compassionate donors for those in need. The organization's primary function is to help indigent individuals who struggle to make ends meet with essential daily living necessities. Chayim V Chesed ensures that the officers, directors, and their families do not receive any assistance from the collected funds.
This charitable entity raises funds to distribute to reputable organizations and individuals in both the US and abroad. By pouring their hearts out in sympathy, donors contribute to the cause, enabling Chayim V Chesed to make a significant impact on people's lives. The organization's mission is a beacon of hope for those who are less fortunate and may not have the means to secure basic necessities. In doing so, Chayim V Chesed fosters a culture of giving and kindness, ultimately touching the lives of many individuals in need.
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Impact
October, 2024
Chayim V Chesed has a significant impact on communities by addressing the immediate needs of the indigent. Through the generous contributions of compassionate individuals, the organization raises funds that directly support those facing daily struggles to secure basic living necessities. By acting as a bridge between donors and those in need, Chayim V Chesed fosters a culture of empathy and social responsibility.
The focus on distributing resources to reputable organizations and individuals both in the U.S. and abroad ensures that assistance reaches a wide demographic, helping to alleviate suffering and promote stability in various communities. This effort not only provides critical financial assistance but also instills hope and dignity in those who receive it.
The organization's practices safeguard the integrity of its mission, ensuring that its officers and directors do not benefit personally, which bolsters trust among donors and recipients alike. Overall, Chayim V Chesed plays a crucial role in creating a supportive network that empowers individuals to rise above their circumstances while encouraging a collective commitment to kindness and generosity.
This information is meant to be a general summary of Chayim V Chesed. 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 2024.
- Investment Income: $11,614
- Gross Receipts: $34,440,808
Assets and Liabilities:
- Total Assets: $4,990,501
- Total Liabilities: $156,940
- Net Assets: $4,833,561
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Organization Details
Founding Year
2004
Principal Officer
Shimon Fischer
Website
www.noneNTEE Category
Code: X20 - Religion related
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