Overview
What is Anthony Hoe Corporation?
Anthony Hoe Corporation is a nonprofit organization situated in the Bronx, New York, specifically at 429 Bruckner Blvd, 2nd Floor, 10455. Their primary focus is on operating low-income transitional housing projects in the South Bronx. Beyond providing physical shelter, they also offer social services to their tenants, ensuring a holistic approach to support those in need. With a team of around 30 individuals, Anthony Hoe Corporation strives to make a positive impact on the local community by addressing both housing and social welfare issues.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
The Anthony Hoe Corporation has received a Two-Star rating from Charity Navigator, reflecting a score of 67% based solely on its Accountability & Finance metrics. This score indicates that while the charity demonstrates strengths in several areas of financial oversight and transparency, there are also aspects that could be improved.
One notable strength is the charity's high program expense ratio, which stands at 99.75%. This suggests that the organization effectively allocates its resources towards its programs rather than administrative costs. Additionally, the organization has no reported material diversion of assets and maintains thorough documentation of board meeting minutes, both of which contribute positively to its accountability practices.
However, the charity's liabilities to assets ratio is a concern, scoring 0 out of 15 points. This indicates a potential issue with financial stability, as a lower ratio may imply a higher risk of financial distress. Overall, while the Anthony Hoe Corporation shows strong commitment to accountability and program spending, its financial health warrants attention.
This AI summary has been generated from information found on Charity Navigator.
Is Anthony Hoe Corporation legitimate?
Anthony Hoe Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anthony Hoe 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: $925,011
For more financial information, click here
What is the mission statement of Anthony Hoe Corporation?
Anthony Hoe Corporation's mission revolves around operating low-income transitional housing and providing essential social services to its tenants. The company's primary objective is to offer a supportive living environment for individuals with limited financial resources, aiming to help them transition into more stable living situations. In addition to providing housing, Anthony Hoe Corporation offers a range of social services designed to address the unique needs of its tenants, contributing to their overall well-being and development.
Who is the CEO of Anthony Hoe Corporation?
Salvatore Gigante is the Chair of Anthony Hoe Corporation.
What is the revenue of Anthony Hoe Corporation?
Anthony Hoe Corporation's revenue in 2022 was $5,606,039.
Who are the executives of Anthony Hoe Corporation and what are their salaries?
The average compensation at Anthony Hoe Corporation during 2022 was $30,834. There are 30 employees at Anthony Hoe Corporation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $600
- Other: $0
- Compensation: $0
- Related: $825,206
- Other: $0
- Compensation: $0
- Related: $600
- Other: $0
- Compensation: $0
- Related: $96,224
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $600
- Other: $0
- Compensation: $0
- Related: $100,000
- Other: $0
- Compensation: $0
- Related: $479,011
- Other: $0
Where can I find the form 990 for Anthony Hoe Corporation?
Anthony Hoe Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Anthony Hoe Corporation
Anthony Hoe Corporation, as a nonprofit organization, is dedicated to operating low-income transitional housing and providing essential social services to its tenants. The core mission of this corporation is to ensure a smooth transition for individuals with limited financial resources, offering them a safe and supportive living environment. By operating transitional housing projects, Anthony Hoe Corporation aims to provide temporary accommodation to these individuals, offering them a chance to stabilize their lives and work towards long-term solutions.
Moreover, the corporation extends its commitment beyond just housing by providing social services to its tenants. These services help address various challenges faced by individuals in low-income housing, such as employment, mental health, and overall well-being. By offering these services, Anthony Hoe Corporation aims to empower its tenants, enabling them to rebuild their lives and achieve self-sufficiency. Throughout its operations, the corporation strives to create a supportive and inclusive environment, fostering a sense of community among its tenants and helping them navigate the challenges of low-income housing.
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Impact
October, 2024
Anthony Hoe Corporation positively impacts the South Bronx community by operating low-income transitional housing and providing essential social services to its tenants. By offering safe and affordable housing options, the organization helps individuals and families who are experiencing housing instability transition to more sustainable living situations.
In addition to housing, the corporation ensures that tenants have access to vital social services, which often include job training, financial literacy programs, and mental health support. This holistic approach not only addresses immediate housing needs but also fosters overall well-being and empowerment, enabling residents to build better futures for themselves and their families.
Situated in the Bronx, the corporation plays a crucial role in alleviating the challenges faced by low-income households in the area, thereby contributing to community stability and improving the quality of life for many residents. Through its operations, Anthony Hoe Corporation creates a nurturing environment that supports personal growth and resilience within the community.
This information is meant to be a general summary of Anthony Hoe 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: $9
- Gross Receipts: $5,606,039
Assets and Liabilities:
- Total Assets: $2,143,091
- Total Liabilities: $2,126,308
- Net Assets: $16,783
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Organization Details
Founding Year
2010
Principal Officer
Salvatore Gigante
Main Address
429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY, 10455
NTEE Category
Code: L41 - Housing
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