Overview
What is Mid-Bronx Housing Development Fund Corporation?
Mid-Bronx Housing Development Fund Corporation is a charitable nonprofit organization, established in the Bronx, New York. Their primary mission is to provide housing for individuals and families of low income, with a focus on the Bronx community. The organization, which houses 21 employees, is dedicated to offering housing services to the previously homeless, as well as residents earning less than average incomes. Their activities extend beyond just housing, aiming to contribute positively to the local community by offering essential social services.
What are the reviews and ratings of this charity?
79% Rating from Charity Navigator
The Mid-Bronx Housing Development Fund Corporation received a Three-Star out of Four Star rating, indicating a solid level of accountability and finance management. The score reflects strong performance in various areas, particularly in governance, with a majority of independent board members and the absence of material asset diversion. These factors contribute positively to its overall rating.
One of the organization's notable strengths is its high program expense ratio of 86.54%, which suggests that most of its funds are directed toward its programs rather than administrative costs. The presence of policies for conflict of interest, whistleblowing, and document retention further illustrates the organization’s commitment to transparency and ethical practices.
However, the score is based solely on accountability and finance, which leaves out assessments of other factors such as impact and effectiveness in fulfilling its mission. While the financial practices are commendable, potential donors and stakeholders might want to consider looking deeper into the program outcomes and community impact of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Mid-Bronx Housing Development Fund Corporation legitimate?
Mid-Bronx Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-Bronx Housing Development Fund Corporation 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: $96,632
For more financial information, click here
What is the mission statement of Mid-Bronx Housing Development Fund Corporation?
The Mid-Bronx Housing Development Fund Corporation was established for a charitable purpose, specifically to develop housing for individuals of low income. Their primary mission is focused on this objective, with a specific location in the Bronx, New York. The corporation also provides housing and social services to a diverse range of residents in the community, including previously homeless, very low income, low income, and moderate income individuals. Their goal is to enhance the living conditions and offer essential support to these populations.
Who is the CEO of Mid-Bronx Housing Development Fund Corporation?
Jeanette Puryear is the Chairman of Mid-Bronx Housing Development Fund Corporation.
What is the revenue of Mid-Bronx Housing Development Fund Corporation?
Mid-Bronx Housing Development Fund Corporation's revenue in 2022 was $3,021,247.
Who are the executives of Mid-Bronx Housing Development Fund Corporation and what are their salaries?
The average compensation at Mid-Bronx Housing Development Fund Corporation during 2022 was $4,602. There are 21 employees at Mid-Bronx Housing Development Fund Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $212,418
- Other: $33,717
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mid-Bronx Housing Development Fund Corporation?
Mid-Bronx Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mid-Bronx Housing Development Fund Corporation
Mid-Bronx Housing Development Fund Corporation, a nonprofit organization, was established with a charitable purpose in mind. Its mission is centered around developing housing opportunities for individuals of low income, residing in the Bronx, New York. Beyond just providing housing, the corporation also extends its services to cater to the social needs of previously homeless, very low income, low income, and moderate income residents in the community. In essence, Mid-Bronx Housing Development Fund Corporation is committed to improving the living conditions and providing essential support to those in need, thereby contributing positively to its community.
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Impact
October, 2024
Mid-Bronx Housing Development Fund Corporation significantly impacts the community by developing housing specifically for low-income individuals and families in the Bronx. By focusing on the needs of previously homeless, very low-income, and moderate-income residents, the organization plays a crucial role in addressing housing insecurity in the area.
Through the provision of affordable housing and essential social services, Mid-Bronx HDFC not only helps residents gain stable housing but also fosters community development and improved quality of life. The organization’s commitment to this mission contributes to the overall economic and social vitality of the Bronx, making a lasting difference for those in need.
This information is meant to be a general summary of Mid-Bronx Housing Development Fund Corporation. 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: $2,991
- Program Service Revenue: $2,771,629
- Gross Receipts: $3,021,247
Assets and Liabilities:
- Total Assets: $5,532,789
- Total Liabilities: $1,107,199
- Net Assets: $4,425,590
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,771,629
Organization Details
Founding Year
1974
Phone
(718) 588-8200Principal Officer
Jeanette Puryear
Main Address
900 GRAND CONCOURSE, BRONX, NY, 10451
NTEE Category
Code: L20 - Housing
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