Overview
What is Yb Chesed Fund Inc?
Yb Chesed Fund Inc is a charitable organization, situated in New Haven, Connecticut, with a mission to aid indigent families and individuals. By providing financial assistance directly or on their behalf, this nonprofit aims to alleviate their financial hardships. The exact nature of the support provided by Yb Chesed Fund Inc is not specified in the information, but it is clear that they serve as a helping hand for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 71%)
Yb Chesed Fund Inc has received a two-star rating from Charity Navigator, indicating significant areas for improvement despite a strong accountability and finance score of 100%. The organization demonstrates a commitment to governance, with an independent board consisting entirely of independent members and a solid score for material diversion of assets. These factors reflect positively on its organizational structure and oversight.
However, the organization faces notable weaknesses, particularly in its financial reporting. Yb Chesed Fund Inc has not posted its financial statements on its website, resulting in a score of zero for this criterion. Additionally, it lacks a whistleblower policy and documented retention and destruction procedures, which are critical for transparency and operational integrity. These shortcomings hinder the overall effectiveness of the organization and raise concerns about its financial disclosures and governance policies.
Overall, while Yb Chesed Fund Inc excels in certain governance aspects, the lack of accessible financial information and policies may limit its transparency and accountability to stakeholders. Continued efforts to address these limitations will be essential for improving its rating and fostering trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Yb Chesed Fund Inc legitimate?
Yb Chesed Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yb Chesed 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Yb Chesed Fund Inc?
The mission of Yb Chesed Fund Inc is centered around charitable purposes, specifically aimed at providing assistance to indigent families and individuals. This assistance comes in the form of financial aid, either directly or on their behalf. The primary objective of the fund is to alleviate the financial burdens of those in need. The fund's activities are focused on providing relief and support to indigent families and individuals.
Who is the CEO of Yb Chesed Fund Inc?
Joshua H Sandman is the President & Director of Yb Chesed Fund Inc.
What is the revenue of Yb Chesed Fund Inc?
Yb Chesed Fund Inc's revenue in 2022 was $790,467.
Who are the executives of Yb Chesed Fund Inc and what are their salaries?
There 3 volunteers at Yb Chesed Fund Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 Yb Chesed Fund Inc?
Yb Chesed Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Yb Chesed Fund Inc
Yb Chesed Fund Inc is a charitable organization with a mission to aid indigent families and individuals. This mission is carried out by providing financial assistance directly to these families and individuals in need. The fund's purpose is to offer a helping hand to those who are struggling financially, providing them with the necessary financial support to overcome their challenges.
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Impact
October, 2024
Yb Chesed Fund Inc significantly impacts its community by providing vital financial support to indigent families and individuals. By directly assisting those in need, the fund alleviates immediate hardships, enabling recipients to focus on rebuilding their lives. This support fosters a sense of dignity and hope, allowing families to secure basic necessities and access essential services. Located in New Haven, CT, Yb Chesed Fund embodies a commitment to charitable outreach, addressing urgent needs within the local population and creating a ripple effect of positive change throughout the community. Through its efforts, the fund not only addresses financial insecurity but also strengthens social ties, encourages community resilience, and uplifts those facing challenging circumstances.
This information is meant to be a general summary of Yb Chesed 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 2022.
- Program Service Revenue: $790,467
- Gross Receipts: $790,467
Assets and Liabilities:
- Total Assets: $48,333
- Total Liabilities: $0
- Net Assets: $48,333
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DONATIONS
Revenue
$790,467
Organization Details
Founding Year
2012
Phone
(203) 934-6601Principal Officer
Joshua H Sandman
Main Address
150 DYER STREET, NEW HAVEN, CT, 06511
NTEE Category
Code: P60 - Human services
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