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Agudas Tov V'Chesed Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202408857 ✦ Monsey, NY ✦ Designated as a 501(c)(3)

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Overview

What is Agudas Tov V'Chesed Inc?

Agudas Tov V'Chesed Inc, located at 20 Albert Drive, Monsey, NY 10952, is a nonprofit organization dedicated to alleviating poverty within the Jewish community. Through grant funding, they offer assistance to individuals and organizations in need, aiming to improve their livelihoods. The organization's mission revolves around providing financial aid, demonstrating a strong commitment to supporting those facing hardships within their community.

What are the reviews and ratings of this charity?

Charity Navigator rating: One-Star out of Four Stars (56%)

Agudas Tov V'Chesed Inc received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. While the organization demonstrates solid governance practices, such as having a fully independent board and maintaining meeting minutes, it falls short in critical areas such as financial disclosures and adherence to transparency standards.

Strengths include a high program expense ratio, reflecting that 95.43% of its expenses are directed towards its programs, which is a positive sign of mission-focused spending. Additionally, the organization has implemented a conflict of interest policy and has shown no material diversion of assets, indicating a commitment to ethical management.

However, notable limitations include the absence of various required financial statements and policies, such as a whistleblower policy and document retention guidelines. Furthermore, the lack of a website listed on the tax form and the absence of posted tax forms on the nonprofit's website raise concerns about the organization's overall transparency and accountability to its stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is Agudas Tov V'Chesed Inc legitimate?

Agudas Tov V'Chesed Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agudas Tov V'Chesed 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 Agudas Tov V'Chesed Inc?

Agudas Tov V'Chesed Inc is committed to providing financial aid to disadvantaged individuals and organizations. This non-profit organization's mission is to alleviate poverty within the Jewish community by granting funds to various organizations. Their activities have seen them extend assistance to numerous organizations, aiming to improve the living conditions of those in need.

Who is the CEO of Agudas Tov V'Chesed Inc?

Mendel Lichter is the President of Agudas Tov V'Chesed Inc.

What is the revenue of Agudas Tov V'Chesed Inc?

Agudas Tov V'Chesed Inc's revenue in 2022 was $1,854,206.

Who are the executives of Agudas Tov V'Chesed Inc and what are their salaries?


Here are 5 key members and their salaries:


Mendel Lichter (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nachman Aroll (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nechemia Rosenfeld (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shlomo Kostalitz (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gitty Isaacs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Agudas Tov V'Chesed Inc?

Agudas Tov V'Chesed Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Agudas Tov V'Chesed Inc

Agudas Tov V'Chesed Inc, a nonprofit organization, is dedicated to providing financial aid to those in need. Its mission is to award grants to individuals and organizations who are struggling with poverty, with a particular focus on the Jewish community. Through these grants, Agudas Tov V'Chesed Inc seeks to alleviate the hardships faced by those in need, offering a glimmer of hope and support during challenging times. The organization has a history of awarding grants to numerous organizations, playing a crucial role in reducing poverty within the Jewish community.

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Impact




October, 2024

Agudas Tov V'Chesed Inc plays a significant role in alleviating Jewish poverty by providing vital financial assistance to both individuals and organizations in need. Based in Monsey, NY, the organization focuses on awarding grants that directly support the most vulnerable members of the community. Through its efforts, many individuals and families receive the help necessary to improve their quality of life, while organizations are empowered to continue their essential services in times of financial strain. By addressing immediate needs, Agudas Tov V'Chesed Inc contributes to long-term stability and well-being within the Jewish community, fostering resilience and hope for those facing economic challenges.




This information is meant to be a general summary of Agudas Tov V'Chesed 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.

Revenue
$1,854,206 (2022)
Expenses
$1,864,978 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,854,206

Assets and Liabilities:

  • Total Assets: $72,820
  • Total Liabilities: $158,000
  • Net Assets: -$85,180

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Organization Details

Founding Year

2005

Principal Officer

Mendel Lichter

Main Address

20 ALBERT DRIVE, MONSEY, NY, 10952

NTEE Category

Code: Q33 - International

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