Overview
What is The Disability Fund Inc?
The Disability Fund Inc, also known as the Disability Opportunity Fund, is a Community Development Financial Institution (CDFI) situated in Rockville Centre, New York. With a dedicated workforce of one individual, this nonprofit organization provides both technical and financial assistance to individuals and organizations serving the disability market across the United States. Their primary focus is on promoting community development for people with disabilities and their families. This encompasses affordable housing, educational facilities, vocational training centers, and employment opportunities. The Disability Fund Inc's mission is to foster growth and inclusivity in various sectors, ensuring that individuals with disabilities have access to essential resources and services.
Official website here: www.thedof.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Disability Fund Inc has achieved an 82% score, reflecting a solid performance in both accountability and finance as well as culture and community aspects. The charity has a particularly strong accountability score of 82, which is bolstered by the presence of a board composed entirely of independent members and effective financial oversight mechanisms. This level of governance suggests a commitment to ethical management and responsible use of funds.
In terms of financial health, the organization shows a commendable program expense ratio of 92.42%, indicating that a significant portion of its expenditures goes directly to its programs rather than administrative costs. Furthermore, the fundraising efficiency ratio is notably low at $0.032, which signifies effective fundraising practices. The working capital ratio of 3.03 years also demonstrates robust financial stability.
Despite these strengths, the organization does have some limitations, particularly in its equity strategies score, which stands at 81 out of 100 points. While this is a respectable score, it suggests there may still be room for improvement in promoting inclusivity and equity within its operations and programs. Overall, The Disability Fund Inc appears to be well-managed and focused on its mission, but it could benefit from enhancing its strategies related to equity.
This AI summary has been generated from information found on Charity Navigator.
Is The Disability Fund Inc legitimate?
The Disability Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Disability Fund 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: $537,055
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.thedof.org
What is the mission statement of The Disability Fund Inc?
The Disability Fund Inc's mission is centered around promoting positive community development for individuals with disabilities and their families. At its core, the organization aims to provide technical and financial support to individuals and organizations serving the disability market across the United States. This support primarily focuses on affordable housing, education, and vocational training, with a strong emphasis on employment opportunities. The Disability Fund Inc operates as a Community Development Financial Institution (CDFI), providing crucial services to help advance the well-being and opportunities of people with disabilities.
Official website here: www.thedof.org
Who is the CEO of The Disability Fund Inc?
Charles D Hammerman is the CEO of The Disability Fund Inc The CEO's salary of The Disability Fund Inc is $537,055 and their total compensation is $537,055.
Official website here: www.thedof.org
What is the revenue of The Disability Fund Inc?
The Disability Fund Inc's revenue in 2024 was $8,314,371.
Official website here: www.thedof.org
Who are the executives of The Disability Fund Inc and what are their salaries?
The average compensation at The Disability Fund Inc during 2024 was $537,055. There is 1 employee at The Disability Fund Inc.
Here are 13 key members and their salaries (The Disability Fund Inc's CEO's salary is $537,055 and their total compensation is $537,055):
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- Compensation: $537,055
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- Other: $0
Official website here: www.thedof.org
Where can I find the form 990 for The Disability Fund Inc?
The Disability Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.thedof.org
Learn more at the official website: www.thedof.org
Mission Statement of The Disability Fund Inc
The Disability Fund Inc, as a community development financial institution, is committed to fostering positive community development for individuals with disabilities and their families. Their mission is to provide both technical and financial services to organizations and individuals serving the disability market across the United States. With a focus on affordable housing, education, vocational training, and employment, The Disability Fund Inc aims to make a significant impact in various aspects of these individuals' lives. By offering its services in these areas, the organization seeks to empower individuals and organizations serving the disability market, ultimately contributing to a more inclusive and equitable society.
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Impact
October, 2024
The Disability Fund Inc significantly enhances community development for individuals with disabilities and their families across the United States. By providing essential technical and financial services, it empowers individuals and organizations dedicated to serving the disability community.
Focusing on critical areas such as affordable housing, education, and vocational training, the Fund facilitates access to resources that improve the quality of life for people with disabilities. Through its efforts, it promotes inclusivity and fosters economic opportunities, enabling individuals to pursue their potential in various aspects of life. The Disability Fund Inc actively contributes to building stronger, more supportive communities that prioritize the needs and rights of those with disabilities.
This information is meant to be a general summary of The Disability Fund 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 2024.
- Investment Income: $1,003,356
- Program Service Revenue: $1,768,998
- Gross Receipts: $8,314,371
Assets and Liabilities:
- Total Assets: $63,283,408
- Total Liabilities: $49,160,713
- Net Assets: $14,122,695
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN FEES & RELATED INTEREST
Revenue
$1,298,904
RENTAL INCOME
Revenue
$470,094
Organization Details
Founding Year
2007
Principal Officer
Charles D Hammerman
Website
www.thedof.orgNTEE Category
Code: P12 - Human services
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