Overview
What is Rodney Driggs And South 3rd Street Hdfc?
Rodney Driggs And South 3rd Street Hdfc is a nonprofit organization situated in Brooklyn, New York, specifically at 434 South 5th Street. Their primary mission is to provide affordable housing for low-income families, offering a total of 71 apartments. Their activities encompass acquiring, rehabilitating, managing, leasing, maintaining, and operating this housing project specifically for individuals with limited financial resources.
Official website here: www.lossures.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% - Three-Star out of Four Star Rating
Rodney Driggs And South 3rd Street HDFC has received a commendable Three-Star rating from Charity Navigator, reflecting a solid overall score based entirely on its Accountability & Finance metrics. With an 81% rating in this category, the organization demonstrates a strong commitment to financial transparency and responsible management practices.
The nonprofit excels in several key areas, including having a fully independent board of directors, which is a crucial factor in ensuring unbiased governance. It also has a high program expense ratio of 92.23%, indicating that a significant portion of its resources is allocated toward its mission-related activities rather than administrative costs. Furthermore, the organization has established comprehensive policies for conflict of interest, whistleblowing, and document retention, all of which contribute to its robust accountability framework.
While the overall rating is strong, it is important for potential donors and supporters to consider the specific focus of the organization and its impact within the community. However, the absence of any reported material diversion of assets adds to the credibility and reliability of Rodney Driggs And South 3rd Street HDFC as a responsible steward of donated funds.
This AI summary has been generated from information found on Charity Navigator.
Is Rodney Driggs And South 3rd Street Hdfc legitimate?
Rodney Driggs And South 3rd Street Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rodney Driggs And South 3rd Street Hdfc 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lossures.org
What is the mission statement of Rodney Driggs And South 3rd Street Hdfc?
Rodney Driggs And South 3rd Street Hdfc is dedicated to serving individuals of low income by acquiring, rehabilitating, managing, leasing, maintaining, and operating a housing project. Their primary mission is to provide a suitable living space for these individuals, ensuring that the 71 apartments in their project are well-maintained and operational. Their goal is to contribute positively to the community by offering affordable housing solutions, thereby promoting social equity and stability.
Official website here: www.lossures.org
Who is the CEO of Rodney Driggs And South 3rd Street Hdfc?
Juan Ramos is the Board Member of Rodney Driggs And South 3rd Street Hdfc.
Official website here: www.lossures.org
What is the revenue of Rodney Driggs And South 3rd Street Hdfc?
Rodney Driggs And South 3rd Street Hdfc's revenue in 2022 was $723,448.
Official website here: www.lossures.org
Who are the executives of Rodney Driggs And South 3rd Street Hdfc and what are their salaries?
There 15 volunteers at Rodney Driggs And South 3rd Street Hdfc.
Here are 17 key members and their salaries:
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- Related: $140,848
- Other: $15,855
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- Related: $131,594
- Other: $15,855
Official website here: www.lossures.org
Where can I find the form 990 for Rodney Driggs And South 3rd Street Hdfc?
Rodney Driggs And South 3rd Street Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lossures.org
Learn more at the official website: www.lossures.org
Mission Statement of Rodney Driggs And South 3rd Street Hdfc
Rodney Driggs And South 3rd Street Hdfc is an organization committed to a mission of providing housing solutions for individuals of low income. Specifically, its purpose is to acquire, rehabilitate, manage, lease, maintain, and operate a housing project, catering to this demographic. This nonprofit entity is dedicated to creating a living space for families, offering a total of 71 apartments within its project. By undertaking this venture, Rodney Driggs And South 3rd Street Hdfc serves as a vital resource for those in need of affordable housing, contributing to a more equitable living environment.
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Impact
October, 2024
Rodney Driggs And South 3rd Street Hdfc significantly impacts the Brooklyn community by providing affordable housing options for low-income families. With 71 apartments dedicated to this mission, the organization addresses a critical need for accessible living spaces in a city where housing affordability is a growing concern.
By acquiring, rehabilitating, and managing these housing units, it not only enhances the living conditions for residents but also contributes to the stability and well-being of families in the area. This initiative fosters a sense of community and belonging while alleviating the financial burden associated with housing costs, allowing families to allocate resources towards education, healthcare, and other essential needs. Overall, the organization's focus on low-income housing plays a vital role in promoting social equity and improving the quality of life for its residents in Brooklyn.
This information is meant to be a general summary of Rodney Driggs And South 3rd Street Hdfc. 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: $1,652
- Program Service Revenue: $690,449
- Gross Receipts: $723,448
Assets and Liabilities:
- Total Assets: $2,540,625
- Total Liabilities: $4,800,828
- Net Assets: -$2,260,203
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$690,449
Organization Details
Founding Year
2010
Phone
(718) 387-3600Principal Officer
Juan Ramos
Main Address
434 SOUTH 5TH STREET, BROOKLYN, NY, 11211
Website
www.lossures.orgNTEE Category
Code: L21 - Housing
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