Overview
What is Moffat Gardens Hdfc Inc?
Moffat Gardens Hdfc Inc is a nonprofit organization located in Brooklyn, New York, specifically at 565 Bushwick Avenue, 11206. Its primary mission is to provide affordable housing for elderly individuals of low income, aiming to cater to their physical, social, and psychological needs. The organization is dedicated to promoting health, security, and overall happiness through the operation and management of these housing facilities. In essence, Moffat Gardens Hdfc Inc aims to create a living environment that caters specifically to the needs of senior citizens, enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Moffat Gardens Hdfc Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 79%. This rating is primarily based on the organization’s accountability and financial practices, with a perfect score in several key areas, including its independent board composition and robust financial audits.
The organization excels in maintaining a high level of transparency, with 100% of its board members being independent and a solid conflict of interest policy in place. Additionally, its program expense ratio is commendable at 88.22%, indicating a substantial portion of funds goes directly to its programs, which enhances its credibility and trustworthiness.
However, while the financial management appears strong, the data does highlight significant salaries for key personnel, particularly the CEO's compensation of $445,969. This could be a point of consideration for donors looking to understand how their contributions are utilized within the organization. Overall, Moffat Gardens Hdfc Inc demonstrates solid financial health and governance, but potential donors may want to weigh leadership compensation against organizational impact.
This AI summary has been generated from information found on Charity Navigator.
Is Moffat Gardens Hdfc Inc legitimate?
Moffat Gardens Hdfc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Moffat Gardens Hdfc 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 Moffat Gardens Hdfc Inc?
Moffat Gardens Hdfc Inc's mission is centered around the development, operation, and management of affordable housing for senior citizens. This mission is specifically designed to cater to the physical, social, and psychological needs of this demographic. The organization's primary goal is to operate a housing project, consisting of 71 units, for elderly individuals of low income. The housing facilities and services provided are tailored to meet the unique needs of senior citizens, aiming to promote their health, security, and overall happiness.
Who is the CEO of Moffat Gardens Hdfc Inc?
Scott Short is the Chairperson of Moffat Gardens Hdfc Inc. The CEO's salary of Moffat Gardens Hdfc Inc is $0 and their total compensation is $501,613.
What is the revenue of Moffat Gardens Hdfc Inc?
Moffat Gardens Hdfc Inc's revenue in 2022 was $1,001,930.
Who are the executives of Moffat Gardens Hdfc Inc and what are their salaries?
There 16 volunteers at Moffat Gardens Hdfc Inc.
Here are 19 key members and their salaries (Moffat Gardens Hdfc Inc's CEO's salary is $0 and their total compensation is $501,613):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $445,969
- Other: $55,644
- Compensation: $0
- Related: $213,614
- Other: $47,322
- Compensation: $0
- Related: $166,859
- Other: $12,630
Where can I find the form 990 for Moffat Gardens Hdfc Inc?
Moffat Gardens Hdfc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Moffat Gardens Hdfc Inc
Moffat Gardens HDFC Inc, a nonprofit organization, is dedicated to the development, operation, and management of affordable housing specifically tailored for senior citizens. Their mission is to create living spaces that cater to the physical, social, and psychological needs of these individuals, aiming to promote their overall well-being, security, and happiness. By operating a housing project with 71 units, Moffat Gardens HDFC Inc provides elderly people of low income with housing facilities and services that are specifically designed to meet their unique requirements. This commitment to senior citizens' welfare sets Moffat Gardens HDFC Inc apart as a caring and supportive organization in the realm of affordable housing.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Moffat Gardens Hdfc Inc significantly impacts the community by providing essential affordable housing specifically tailored for senior citizens. With a focus on developing, operating, and managing a 71-unit housing project in Brooklyn, the organization addresses the critical need for accessible living spaces for low-income elderly individuals.
By creating an environment that meets the physical, social, and psychological needs of its residents, Moffat Gardens fosters a sense of security and belonging among seniors. The facilities and services offered not only enhance the quality of life for elderly residents but also promote their health and happiness, contributing to their overall well-being.
This initiative plays a vital role in alleviating housing insecurity for seniors, a demographic that often faces challenges finding suitable and affordable living arrangements. Moffat Gardens serves as a model for effective housing solutions that prioritize the dignity and welfare of older adults in the community.
This information is meant to be a general summary of Moffat Gardens Hdfc 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.
- Investment Income: $1,506
- Program Service Revenue: $236,926
- Gross Receipts: $1,001,930
Assets and Liabilities:
- Total Assets: $15,007,505
- Total Liabilities: $18,737,613
- Net Assets: -$3,730,108
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$236,926
Organization Details
Founding Year
2007
Phone
(718) 366-3800Principal Officer
Scott Short
Main Address
565 BUSHWICK AVENUE, BROOKLYN, NY, 11206
NTEE Category
Code: L22 - Housing
If you are a representative of Moffat Gardens Hdfc Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.