Overview
What is Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc?
Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc is a nonprofit organization situated in Brooklyn, New York, specifically at 596 Montgomery Street. Their primary mission is to provide financial assistance to individuals and charitable organizations, allowing them to celebrate Jewish Sabbath and religious holidays. This aid is in the form of grants and interest-free loans. The organization's purpose is to ensure that everyone, regardless of their financial situation, can partake in these significant religious occasions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating
Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc has earned a solid Three-Star rating from Charity Navigator, indicating a decent level of accountability and financial health. The organization's strong performance is primarily reflected in its accountability and finance score of 75%. Notably, it boasts a fully independent board and has implemented effective policies for conflicts of interest and whistleblowing, which enhances its governance practices.
The nonprofit demonstrates commendable financial management, with a high program expense ratio of 97.69%, indicating that the majority of its funds are directed towards its mission-related activities. Furthermore, it reports no material diversion of assets, and its liabilities to assets ratio is reasonable, suggesting a stable financial position. However, its fundraising efficiency is notably low, with a ratio of only $0.01, which may raise concerns about the organization's ability to generate sustainable funding.
While the overall assessment is positive, the limitations seen in its fundraising efficiency and working capital ratio, which stands at only 0.18 years, suggest that the organization may face challenges in sustaining its operations over the long term without improving these financial aspects. Overall, the nonprofit demonstrates strong accountability and a commitment to its mission, but addressing these financial challenges could enhance its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc legitimate?
Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crown Heights Chevra Simchas Shabbos V'Yom Tov 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 Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc?
Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc's mission is centered around providing financial assistance to needy individuals and charitable organizations. Their primary objective is to enable these entities to celebrate Jewish Sabbath and holidays. They extend grants and offer interest-free loans to help fulfill this purpose, ensuring that everyone can partake in these religious celebrations, regardless of their financial situation.
Who is the CEO of Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc?
Benzion Stock is the Trustee of Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc.
What is the revenue of Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc?
Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc's revenue in 2022 was $3,806,823.
Who are the executives of Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc?
Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc
Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc is a nonprofit organization with a mission to provide grants and interest-free loans to needy individuals and charitable organizations. This mission aims to enable these recipients to celebrate Jewish Sabbaths and religious holidays with the necessary resources. By offering financial assistance, this organization helps to ensure that everyone, regardless of their financial situation, can participate in these significant religious events. Through its grants and loans, Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc contributes to the spiritual and communal well-being of the Jewish community, allowing them to celebrate their faith in a dignified manner.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc's impact can be seen in the assistance it provides to needy individuals and charitable organizations in celebrating the Jewish Sabbath and holidays. By offering grants and free loans, this organization ensures that those in need are able to partake in these important religious observances without financial burden. Through its philanthropic efforts, Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc contributes to fostering a sense of community and inclusivity within the Jewish faith, making a meaningful difference in the lives of those it serves.
This information is meant to be a general summary of Crown Heights Chevra Simchas Shabbos V'Yom Tov 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.
- Gross Receipts: $3,806,823
Assets and Liabilities:
- Total Assets: $900,306
- Total Liabilities: $153,200
- Net Assets: $747,106
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2003
Phone
(718) 735-0400Principal Officer
Benzion Stock
Main Address
596 MONTGOMERY STREET, BROOKLYN, NY, 11225
NTEE Category
Code: T30 - Philanthropy
If you are a representative of Crown Heights Chevra Simchas Shabbos V'Yom Tov Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.