Overview
What is Gates Plaza Hdfc Inc?
Gates Plaza Hdfc Inc is a nonprofit organization located in Brooklyn, New York, with a specific focus on serving the elderly population living in low-income conditions. Their primary purpose is to offer an affordable housing project comprising 83 units, meticulously tailored to cater to the physical, social, and psychological needs of its senior residents. By providing housing facilities and services, they strive to promote health, security, and overall well-being for their residents. Their mission revolves around developing, managing, and operating affordable housing for senior citizens.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Gates Plaza Hdfc Inc has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The score reflects a strong emphasis on transparency and governance, with 100% of board members being independent and a perfect score for financial audits and policies.
The organization showcases commendable financial health, with a program expense ratio of nearly 87%, indicating that most of its funds are directed towards its programs rather than administrative costs. This focus on programmatic spending suggests that Gates Plaza Hdfc Inc is effective in fulfilling its mission.
While the charity's rating is generally positive, it is based solely on the Accountability & Finance aspect, which may not provide a comprehensive view of its overall impact or effectiveness in achieving its goals. Nonetheless, the robust governance practices and financial controls in place are indicative of its commitment to responsible stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Gates Plaza Hdfc Inc legitimate?
Gates Plaza Hdfc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gates Plaza Hdfc 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 Gates Plaza Hdfc Inc?
Gates Plaza Hdfc Inc, as an organization, is dedicated to the development, operation, and management of affordable housing for senior citizens. Their primary objective is to operate a housing project comprising 83 units specifically designed for elderly individuals of low income. The housing facilities and services provided by Gates Plaza Hdfc Inc are tailored to meet the physical, social, and psychological needs of its residents, aiming to promote their health, security, and overall happiness.
Who is the CEO of Gates Plaza Hdfc Inc?
Scott Short is the Chairperson of Gates Plaza Hdfc Inc. The CEO's salary of Gates Plaza Hdfc Inc is $0 and their total compensation is $501,613.
What is the revenue of Gates Plaza Hdfc Inc?
Gates Plaza Hdfc Inc's revenue in 2022 was $1,093,986.
Who are the executives of Gates Plaza Hdfc Inc and what are their salaries?
There 16 volunteers at Gates Plaza Hdfc Inc.
Here are 19 key members and their salaries (Gates Plaza Hdfc Inc's CEO's salary is $0 and their total compensation is $501,613):
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- Related: $445,969
- Other: $55,644
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- Related: $213,614
- Other: $47,322
- Compensation: $0
- Related: $166,859
- Other: $12,630
Where can I find the form 990 for Gates Plaza Hdfc Inc?
Gates Plaza Hdfc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gates Plaza Hdfc Inc
Gates Plaza Hdfc Inc, a nonprofit organization, is dedicated to the development, operation, and management of affordable housing for senior citizens. Their primary purpose is to provide a housing project consisting of 83 units specifically designed for elderly individuals of low income. This project aims to cater to the unique physical, social, and psychological needs of its residents. Gates Plaza Hdfc Inc strives to promote the well-being, security, and happiness of its elderly residents through the provision of suitable housing facilities and services. The organization's mission is to create an environment that fosters health, safety, and overall contentment for its senior residents.
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Impact
August, 2024
Gates Plaza Hdfc Inc has a significant impact on the community by providing essential affordable housing for senior citizens. With a primary focus on offering housing facilities and services tailored to meet the physical, social, and psychological needs of low-income elderly individuals, the organization plays a crucial role in promoting health, security, and happiness among this vulnerable population. By operating a housing project consisting of 83 units in Brooklyn, NY, Gates Plaza Hdfc Inc helps ensure that senior citizens have access to safe and supportive living environments. This contributes to creating a more inclusive and caring community, where seniors can age with dignity and receive the necessary care and support they deserve.
This information is meant to be a general summary of Gates Plaza Hdfc 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: $1,331
- Program Service Revenue: $274,025
- Gross Receipts: $1,093,986
Assets and Liabilities:
- Total Assets: $8,893,846
- Total Liabilities: $12,093,781
- Net Assets: -$3,199,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$274,025
Organization Details
Founding Year
2004
Phone
(718) 366-3800Principal Officer
Scott Short
Main Address
565 BUSHWICK AVENUE, BROOKLYN, NY, 11206
NTEE Category
Code: L20 - Housing
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