Overview
What is Yeshiva Building Fund Inc?
Yeshiva Building Fund Inc is a nonprofit organization situated in New York, specifically at CO SARAMAX 1410 BROADWAY - FL 4, New York, NY 10018. The primary mission of Yeshiva Building Fund Inc is to raise, manage, and distribute funds, donations, and loans to support charitable, religious, educational, literary, cultural, and recreational activities in the United States and Israel. The organization has demonstrated a significant commitment to Orthodox Jewish educational institutions by awarding grants for special education programs, scholarship programs, and construction projects for yeshivas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star
Yeshiva Building Fund Inc has received a score of 58%, which equates to a One-Star out of Four Star rating, indicating potential concerns regarding the charity's overall accountability and financial health. The organization demonstrates strengths in governance, with a fully independent board and transparent documentation of board meeting minutes. Additionally, it maintains a high program expense ratio, suggesting that a significant portion of its expenses is dedicated to its mission.
However, the charity's financial stability raises red flags, particularly with a liabilities to assets ratio of 116.61%, which indicates that its liabilities exceed its assets. This situation could pose challenges for the organization's long-term sustainability and its ability to fulfill its mission effectively. While the governance aspects are commendable, the financial challenges must be addressed to enhance the charity's overall performance.
In summary, while Yeshiva Building Fund Inc shows positive governance practices and a strong commitment to its program expenses, its financial difficulties highlight the need for improvement in managing liabilities. Stakeholders should approach with caution and consider the implications of its current financial standing.
This AI summary has been generated from information found on Charity Navigator.
Is Yeshiva Building Fund Inc legitimate?
Yeshiva Building Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yeshiva Building 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
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What is the mission statement of Yeshiva Building Fund Inc?
Yeshiva Building Fund Inc's mission is centered around raising, managing, and distributing funds for charitable, religious, literary, cultural, recreational, and educational activities, primarily in the United States and Israel. The organization provides grants, financial assistance, and loans to other organizations that share similar objectives. Specifically, they have supported Orthodox Jewish educational institutions by funding special education programs, scholarship initiatives, and yeshiva building construction projects. By doing so, Yeshiva Building Fund Inc contributes to the advancement of education in these communities.
Who is the CEO of Yeshiva Building Fund Inc?
Morris Harary is the President of Yeshiva Building Fund Inc.
What is the revenue of Yeshiva Building Fund Inc?
Yeshiva Building Fund Inc's revenue in 2022 was $205,026.
Who are the executives of Yeshiva Building Fund Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Yeshiva Building Fund Inc?
Yeshiva Building Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Yeshiva Building Fund Inc
Yeshiva Building Fund Inc is an organization dedicated to raising, managing, and maintaining funds for charitable, religious, literary, cultural, recreational, and educational activities in both the United States and Israel. Their mission involves providing financial assistance, loans, and grants to other organizations that share similar goals. Specifically, Yeshiva Building Fund Inc has shown support for Orthodox Jewish educational institutions by funding special education programs, scholarship programs, and contributing towards the construction of yeshivas. By doing so, the organization contributes to the advancement and growth of these educational institutions, ultimately fostering a robust educational landscape in the Jewish community.
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Impact
October, 2024
Yeshiva Building Fund Inc has a significant impact on the educational landscape for Orthodox Jewish communities in both the U.S. and Israel. Through its financial support, the organization awards grants to several institutions focused on special education programs, scholarship initiatives, and the construction of yeshivas. This assistance not only enhances educational opportunities for students but also fosters a supportive environment for those requiring special education services.
The fund's commitment to raising and managing financial resources ensures a sustainable approach to funding critical programs. By providing financial assistance and loans to organizations promoting religious, cultural, and educational activities, Yeshiva Building Fund Inc plays a vital role in strengthening the community's educational infrastructure. Its efforts help to nurture future generations within the Orthodox Jewish community, enabling them to thrive academically and spiritually.
This information is meant to be a general summary of Yeshiva Building 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.
- Investment Income: $14,532
- Gross Receipts: $239,150
Assets and Liabilities:
- Total Assets: $1,175,955
- Total Liabilities: $1,371,328
- Net Assets: -$195,373
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Organization Details
Founding Year
2004
Phone
(212) 842-4000Principal Officer
Morris Harary
Main Address
CO SARAMAX 1410 BROADWAY - FL 4, NEW YORK, NY, 10018
NTEE Category
Code: B12 - Education
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