Overview
What is Lenox And Pennamon Hdfc C/O Shinda Management?
Lenox and Pennamon HDFC C/O Shinda Management is a nonprofit organization situated in Queens Village, New York. Their primary mission is to provide affordable housing to individuals and families of low income in the Harlem community of New York City. They operate with a strong emphasis on community involvement, empowering residents to lead initiatives that promote educational and economic success, secure housing, and develop leadership skills. With a mission to operate residential properties that qualify as affordable housing, Lenox and Pennamon HDFC is dedicated to enhancing the lives of those in need within the Harlem community. The organization currently employs a team of four individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 49%, Zero-Star out of Four Star rating.
Lenox And Pennamon Hdfc C/O Shinda Management has received a low rating primarily due to its accountability and finance practices. The organization has no independent board members, which raises concerns about governance and oversight. While they have some positive policies in place, such as a conflict of interest policy and a whistleblower policy, critical aspects like financial transparency are lacking, with no financial statements available for review.
Despite the governance shortcomings, the organization does demonstrate a 100% program expense ratio, indicating that all reported funds are directed towards its programs. However, the significant liabilities to assets ratio of 70.39% suggests potential financial instability, further emphasizing the need for improved financial practices and transparency. Overall, potential donors and stakeholders should approach with caution, considering the serious governance and transparency issues identified in the rating.
This AI summary has been generated from information found on Charity Navigator.
Is Lenox And Pennamon Hdfc C/O Shinda Management legitimate?
Lenox And Pennamon Hdfc C/O Shinda Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lenox And Pennamon Hdfc C/O Shinda Management 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: $131,758
For more financial information, click here
What is the mission statement of Lenox And Pennamon Hdfc C/O Shinda Management?
The mission of Lenox And Pennamon HDFC, under Shinda Management's leadership, is centered around the community. Their objective is to foster a robust, sustainable Central Harlem community where both youth and adults can attain educational and economic success. They aim to ensure affordable housing for individuals and families of low income, and additionally, they foster the development of leadership skills among community members to help them transform their lives and the community at large.
Who is the CEO of Lenox And Pennamon Hdfc C/O Shinda Management?
Jerome White is the Board Chair of Lenox And Pennamon Hdfc C/O Shinda Management.
What is the revenue of Lenox And Pennamon Hdfc C/O Shinda Management?
Lenox And Pennamon Hdfc C/O Shinda Management's revenue in 2022 was $1,704,361.
Who are the executives of Lenox And Pennamon Hdfc C/O Shinda Management and what are their salaries?
The average compensation at Lenox And Pennamon Hdfc C/O Shinda Management during 2022 was $32,940. There are 4 employees at Lenox And Pennamon Hdfc C/O Shinda Management.
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 Lenox And Pennamon Hdfc C/O Shinda Management?
Lenox And Pennamon Hdfc C/O Shinda Management's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lenox And Pennamon Hdfc C/O Shinda Management
Lenox and Pennamon HDFC, led by community residents, is committed to building a robust, sustainable Central Harlem community. Their mission is threefold: to foster educational and economic success among both youth and adults, ensure affordable housing for individuals and families of low income, and develop leadership skills within the community. By providing and operating residential property that qualifies as affordable housing, Lenox and Pennamon HDFC aims to contribute positively to the lives of those in need, ultimately transforming the community as a whole.
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Impact
October, 2024
Lenox And Pennamon Hdfc C/O Shinda Management actively contributes to the Central Harlem community by focusing on affordable housing and empowering residents. Their initiatives aim to create a robust and sustainable neighborhood where both youth and adults can achieve educational and economic success. By providing affordable housing, they address a critical need for low-income individuals and families, ensuring that access to safe and stable living conditions is available.
In addition to housing, their commitment extends to leadership development and skill-building within the community. This holistic approach not only transforms individual lives but also strengthens the overall community fabric, fostering a sense of agency among residents. Through these efforts, Lenox And Pennamon Hdfc empowers community members to take charge of their futures and contribute positively to their surroundings.
This information is meant to be a general summary of Lenox And Pennamon Hdfc C/O Shinda Management. 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.
- Program Service Revenue: $735,075
- Gross Receipts: $1,704,361
Assets and Liabilities:
- Total Assets: $4,524,571
- Total Liabilities: $3,185,006
- Net Assets: $1,339,565
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$735,075
Organization Details
Founding Year
2009
Phone
(212) 678-5660Principal Officer
Jerome White
Main Address
221-10 JAMAICA AVENUE 3RD FLOOR, QUEENS VILLAGE, NY, 11428
NTEE Category
Code: L21 - Housing
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