Overview
What is The Chevra Gemach Inc?
The Chevra Gemach Inc is a distinguished nonprofit organization situated in Cedarhurst, New York. Their primary mission is to offer discreet and dignified financial aid and interest-free loans to volunteers of community organizations and employees working in public service organizations. By providing this assistance, they aim to alleviate financial burdens, fostering a sense of support and solidarity within the community. The organization operates under the belief in mutual aid and cooperation, furthering their mission through their dedicated work.
Official website here: www.thechevragemach.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning it a Two-Star out of Four Star rating.
The Chevra Gemach Inc has received a Two-Star rating from Charity Navigator, indicating some room for improvement, particularly in governance and transparency. With an accountability and finance score of 69, the organization demonstrates strengths in areas like having a fully independent board and a solid liabilities to assets ratio. Additionally, they allocate a high percentage (90.59%) of their expenses directly to programs, showcasing a commitment to their mission.
However, the nonprofit has notable weaknesses, particularly the absence of critical policies such as conflict of interest, whistleblower, and document retention and destruction policies, which have impacted their overall rating negatively. While they have documented board meeting minutes, the lack of these governance policies could affect stakeholder confidence. The organization aims to enhance awareness of its programs and expand its offerings, highlighting a proactive approach to growth and member engagement.
This AI summary has been generated from information found on Charity Navigator.
Is The Chevra Gemach Inc legitimate?
The Chevra Gemach Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Chevra Gemach 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
Official website here: www.thechevragemach.org/
What is the mission statement of The Chevra Gemach Inc?
The Chevra Gemach Inc, in its mission, offers discreet and dignified financial aid and provides free loans to volunteers of community organizations and employees of public service organizations. The organization's primary goal is to offer a helping hand in times of financial need, demonstrating compassion and respect towards its recipients. By extending such support, The Chevra Gemach Inc aims to uplift and empower those who dedicate their time and efforts to serving their communities and the public sector.
Official website here: www.thechevragemach.org/
Who is the CEO of The Chevra Gemach Inc?
Naftali Solomon is the Vp of The Chevra Gemach Inc.
Official website here: www.thechevragemach.org/
What is the revenue of The Chevra Gemach Inc?
The Chevra Gemach Inc's revenue in 2022 was $1,256,353.
Official website here: www.thechevragemach.org/
Who are the executives of The Chevra Gemach Inc and what are their salaries?
There 3 volunteers at The Chevra Gemach Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thechevragemach.org/
Where can I find the form 990 for The Chevra Gemach Inc?
The Chevra Gemach Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thechevragemach.org/
Learn more at the official website: www.thechevragemach.org/
Mission Statement of The Chevra Gemach Inc
The Chevra Gemach Inc, a distinguished organization, is devoted to providing discreet and dignified financial assistance and offering free loans to volunteers of community organizations and employees of public service organizations. This nonprofit's mission is centered around empowering these individuals in need, ensuring they maintain their dignity and independence during challenging times. The Chevra Gemach Inc serves as a safety net, offering financial assistance and loans without any strings attached, thereby alleviating financial burdens and allowing these individuals to focus on their community work or public service duties.
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Impact
October, 2024
The Chevra Gemach Inc significantly enhances the lives of community volunteers and public service employees by offering discreet and dignified financial assistance and interest-free loans. Operating in Cedarhurst, NY, the organization plays a crucial role in alleviating financial stress for those who dedicate their time and effort to serving the community. This support not only empowers individuals to continue their vital work without the burden of financial strains but also fosters a sense of solidarity and resilience within the community. By ensuring that helpers have access to resources when needed, The Chevra Gemach strengthens the fabric of community service and enhances the overall wellbeing of those who serve others.
This information is meant to be a general summary of The Chevra Gemach 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: $1,256,353
Assets and Liabilities:
- Total Assets: $1,176,754
- Total Liabilities: $50,000
- Net Assets: $1,126,754
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Organization Details
Founding Year
2006
Phone
(718) 467-8726Principal Officer
Naftali Solomon
Main Address
140-B WASHINGTON AVENUE, CEDARHURST, NY, 11516
Website
www.thechevragemach.org/NTEE Category
Code: P75 - Human services
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