Overview
What is Yad Chessed Fund Inc?
Yad Chessed Fund Inc is a compassionate nonprofit organization based in Waltham, Massachusetts. Its primary mission is to offer emergency financial assistance to Jewish individuals in Greater Boston and various parts of Massachusetts who are grappling with financial hardship and food insecurity. The fund provides essentials such as food, housing, utilities, and other necessities by making direct payments to third-party payees or distributing supermarket gift cards. Yad Chessed's dedicated social workers assess each client's unique needs, offering guidance, advice, and referring them to appropriate agencies as necessary. During fiscal 2022, the fund supported 1,136 households, benefiting a total of 1,927 individuals. With a staff of 8, Yad Chessed upholds its commitment to preserving dignity while offering assistance to those in need.
Official website here: www.yadchessed.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Yad Chessed Fund Inc has earned a Three-Star rating from Charity Navigator, reflecting its strong performance in Accountability & Finance. The charity scored an impressive 88%, indicating a solid commitment to transparency and responsible financial management. Key strengths include a fully independent board composed of 18 members and an excellent track record in financial oversight, with no material diversion of assets noted.
However, there are some areas for improvement. The charity is missing its Whistleblower and Document Retention and Destruction policies, which are crucial for safeguarding ethical practices and ensuring compliance. While these omissions do not significantly impact their overall accountability score, addressing them would enhance the organization's governance framework.
Overall, Yad Chessed Fund Inc demonstrates a commendable dedication to its mission and financial integrity, making it a reliable choice for potential donors. By addressing the noted gaps, it could further strengthen its commitment to transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Yad Chessed Fund Inc legitimate?
Yad Chessed Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yad Chessed 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: $162,217
Professional Fundraising Fees: $0
Other Salaries and Wages: $362,852
For more financial information, click here
Official website here: www.yadchessed.org
What is the mission statement of Yad Chessed Fund Inc?
The mission of Yad Chessed Fund Inc is centered around providing emergency financial assistance and guidance with compassion and dignity to individuals experiencing financial distress and food insecurity. This organization operates in various parts of Massachusetts, including Greater Boston. Their primary goal is to alleviate the financial burdens of these individuals by covering essential expenses such as food, housing, utilities, and other necessities. Payments are made on behalf of clients to third-party payees, and in some cases, supermarket gift cards are directly sent to clients facing food insecurity. Yad Chessed's social workers assess each client's individual needs and offer guidance, advice, and referrals to other agencies as necessary. During fiscal 2022, the fund supported 1,136 households comprising 1,927 individuals.
Official website here: www.yadchessed.org
Who is the CEO of Yad Chessed Fund Inc?
Neal Karasic is the President of Yad Chessed Fund Inc.
Official website here: www.yadchessed.org
What is the revenue of Yad Chessed Fund Inc?
Yad Chessed Fund Inc's revenue in 2022 was $2,079,229.
Official website here: www.yadchessed.org
Who are the executives of Yad Chessed Fund Inc and what are their salaries?
The average compensation at Yad Chessed Fund Inc during 2022 was $65,634. There are 8 employees and 83 volunteers at Yad Chessed Fund Inc.
Here are 17 key members and their salaries:
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- Compensation: $125,652
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- Other: $24,758
Official website here: www.yadchessed.org
Where can I find the form 990 for Yad Chessed Fund Inc?
Yad Chessed Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yadchessed.org
Learn more at the official website: www.yadchessed.org
Mission Statement of Yad Chessed Fund Inc
Yad Chessed Fund Inc, a nonprofit organization, is dedicated to providing emergency financial assistance and offering compassionate guidance to Jewish individuals facing financial distress and food insecurity in Greater Boston and other parts of Massachusetts. Their mission is to alleviate the financial burdens of these individuals by covering essential expenses such as food, housing, utilities, and other necessities. Payments for these expenses are made directly to third-party payees on behalf of the clients. Furthermore, Yad Chessed Fund Inc also provides supermarket gift cards to those struggling with food insecurity.
The organization's social workers conduct individual assessments for each client, evaluating their unique needs. Based on these assessments, they offer guidance, advice, and referrals to other appropriate agencies to ensure comprehensive support. In fiscal year 2022, Yad Chessed Fund Inc helped 1,136 households, aiding a total of 1,927 individuals. This underscores their commitment to making a tangible impact on the lives of those in need. Through their assistance, these families and individuals are able to navigate through challenging financial circumstances with dignity and hope.
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Impact
October, 2024
Yad Chessed Fund Inc. plays a crucial role in supporting Jewish individuals facing financial distress and food insecurity in Greater Boston and other parts of Massachusetts. By offering emergency financial assistance, the organization helps those in need access essential necessities such as food, housing, and utilities.
During fiscal 2022, Yad Chessed supported 1,136 households, comprising 1,927 individuals. This assistance often takes the form of direct payments to service providers on behalf of clients, ensuring that critical needs are met swiftly and effectively. Additionally, for those experiencing food insecurity, the fund provides supermarket gift cards, enabling individuals to select their own groceries.
Beyond financial aid, Yad Chessed also focuses on the individual needs of its clients. Social workers assess unique situations, providing guidance, advice, and referrals to other resources when necessary. This holistic approach not only addresses immediate financial challenges but also fosters long-term stability and well-being, all while preserving the dignity of those served. Through these efforts, Yad Chessed significantly impacts the lives of Jewish individuals and families facing hardship, reinforcing the values of community support and compassion.
This information is meant to be a general summary of Yad Chessed 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: $223
- Gross Receipts: $2,079,229
Assets and Liabilities:
- Total Assets: $1,792,394
- Total Liabilities: $88,939
- Net Assets: $1,703,455
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Organization Details
Founding Year
2008
Phone
(781) 487-2693Principal Officer
Neal Karasic
Main Address
440 TOTTEN POND ROAD, WALTHAM, MA, 02451
Website
www.yadchessed.orgNTEE Category
Code: P60 - Human services
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