Overview
What is Simchas Yom Tov Inc?
Simchas Yom Tov Inc is a nonprofit organization situated in Brooklyn, New York, with the postal address 4508 15th Ave. Their primary mission is to extend financial aid to individuals and families in need, offering direct grants as a means of assistance. This aid is instrumental in addressing their financial struggles, thereby contributing to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% - One-Star out of Four Stars
Simchas Yom Tov Inc has received a low rating of 52% on Charity Navigator, which indicates concerns regarding its financial accountability and transparency. While the organization boasts a fully independent board, which is a positive aspect, it has significant deficiencies in transparency, such as missing financial statements and policies related to governance and conflict of interest.
The organization demonstrates a commendable program expense ratio of 84.79%, suggesting that the majority of its expenditures are directed towards its mission-related activities. However, the lack of accessible financial documentation and the missing conflict of interest and whistleblower policies are noteworthy limitations that could affect stakeholder trust and engagement.
Overall, while Simchas Yom Tov Inc has some strengths in its governance and program spending, the substantial gaps in financial accountability and necessary policies raise important questions about its operational integrity. Potential donors and supporters may want to consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Simchas Yom Tov Inc legitimate?
Simchas Yom Tov Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Simchas 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 Simchas Yom Tov Inc?
Simchas Yom Tov Inc, as a non-profit organization, is committed to extending financial aid to individuals and families in need. Their primary mission is to offer direct financial assistance to those who are struggling financially. By providing these grants, they strive to alleviate some of the financial burdens that these individuals and families face. Their activities are centered around this mission, aiming to make a positive impact on the lives of those who need it most.
Who is the CEO of Simchas Yom Tov Inc?
Eluzer Brieger is the President of Simchas Yom Tov Inc.
What is the revenue of Simchas Yom Tov Inc?
Simchas Yom Tov Inc's revenue in 2022 was $721,029.
Who are the executives of Simchas Yom Tov Inc and what are their salaries?
There 3 volunteers at Simchas Yom Tov 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
Where can I find the form 990 for Simchas Yom Tov Inc?
Simchas Yom Tov Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Simchas Yom Tov Inc
Simchas Yom Tov Inc, a nonprofit organization, is committed to providing financial aid to individuals and families in need. Their mission is centered around offering direct financial support to these vulnerable groups, aiming to alleviate their financial hardships. Through their initiatives, Simchas Yom Tov Inc strives to make a tangible difference in the lives of those who require assistance, contributing to a more equitable society.
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Impact
October, 2024
Simchas Yom Tov Inc has a significant impact on its community by providing essential financial support to individuals and families in need. Through direct grants, the organization addresses immediate financial challenges, allowing beneficiaries to overcome emergencies and maintain their well-being. Operating in Brooklyn, NY, Simchas Yom Tov Inc plays a crucial role in enhancing the quality of life for many, ensuring that those experiencing hardship have access to necessary resources. By focusing on human services, the organization fosters resilience and stability within the community, helping individuals and families navigate difficult times with dignity and support.
This information is meant to be a general summary of Simchas 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: $721,029
Assets and Liabilities:
- Total Assets: $205,963
- Total Liabilities: $506,047
- Net Assets: -$300,084
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Organization Details
Founding Year
2006
Phone
(718) 438-4001Principal Officer
Eluzer Brieger
Main Address
4508 15th Ave, Brooklyn, NY, 112192701
NTEE Category
Code: P20 - Human services
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