Overview
What is Coretta Scott King Hdfc?
Coretta Scott King Hdfc is a nonprofit organization established with the mission to develop and manage a federally subsidized housing project. Situated in Brooklyn, New York, at 565 Bushwick Avenue, this organization operates an apartment complex consisting of 50 units, catering to individuals of low to moderate income. The primary focus of Coretta Scott King Hdfc is to provide housing facilities and services tailored to meet the physical, social, and psychological needs of its residents, ensuring their overall well-being, security, and happiness.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
The Coretta Scott King Hdfc has received a solid score of 79%, indicating a good level of accountability and finance management. This rating is based entirely on their Accountability & Finance score, which reflects the organization's commitment to maintaining transparency and effective financial practices during the most recent fiscal year, FY2022.
Key strengths include a highly independent board, with 80% of members being independent, and a perfect score for their financial statements audit. Additionally, the organization has strong policies in place regarding conflicts of interest, whistleblower protections, and document retention. Their program expense ratio stands at an impressive 89.49%, suggesting that a significant portion of their funds is directed toward their programs and services.
While the rating is favorable, potential donors and supporters should consider that the score is derived from a single beacon score. Future evaluations could benefit from broader metrics, including program impact and community feedback, to gain a more comprehensive view of the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Coretta Scott King Hdfc legitimate?
Coretta Scott King Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coretta Scott King Hdfc 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 Coretta Scott King Hdfc?
Coretta Scott King HDFC was established with the purpose of developing and managing a federal government-subsidized housing project. The organization operates an apartment complex comprising 50 rental units, catering to individuals with low to moderate income. The mission of Coretta Scott King HDFC is to provide housing facilities and services tailored to meet the physical, social, and psychological needs of its residents. The aim is to promote health, security, and happiness among the residents, ensuring they lead fulfilling lives.
Who is the CEO of Coretta Scott King Hdfc?
Scott Short is the Assistant Secretary of Coretta Scott King Hdfc. The CEO's salary of Coretta Scott King Hdfc is $0 and their total compensation is $501,613.
What is the revenue of Coretta Scott King Hdfc?
Coretta Scott King Hdfc's revenue in 2022 was $899,186.
Who are the executives of Coretta Scott King Hdfc and what are their salaries?
There 7 volunteers at Coretta Scott King Hdfc.
Here are 7 key members and their salaries (Coretta Scott King Hdfc's CEO's salary is $0 and their total compensation is $501,613):
- Compensation: $0
- Related: $213,614
- Other: $47,322
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $445,969
- Other: $55,644
- Compensation: $0
- Related: $166,859
- Other: $12,630
Where can I find the form 990 for Coretta Scott King Hdfc?
Coretta Scott King Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coretta Scott King Hdfc
Coretta Scott King Hdfc, a nonprofit organization, was established with the primary goal of developing and managing a federal government-subsidized housing project. This project aims to provide housing facilities and services specifically tailored to meet the physical, social, and psychological needs of individuals with low to moderate income. The organization's mission is to promote health, security, and happiness among its residents. By offering housing solutions that cater to their unique needs, Coretta Scott King Hdfc strives to contribute to their overall well-being and improve their quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Coretta Scott King HDFC's impact lies in providing housing and services tailored to the needs of individuals with low to moderate incomes in Brooklyn, New York. By operating an apartment complex with 50 rental units, the organization strives to enhance the physical, social, and psychological well-being of its residents. Through its mission of developing and managing subsidized housing projects, Coretta Scott King HDFC plays a vital role in promoting health, security, and happiness within the community. Its focus on addressing housing needs underscores its commitment to improving the lives of those it serves.
This information is meant to be a general summary of Coretta Scott King Hdfc. 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: $1,076
- Program Service Revenue: $188,557
- Gross Receipts: $899,186
Assets and Liabilities:
- Total Assets: $12,443,887
- Total Liabilities: $14,706,812
- Net Assets: -$2,262,925
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$188,557
Organization Details
Founding Year
2011
Phone
(718) 366-3800Principal Officer
Scott Short
Main Address
565 BUSHWICK AVENUE, BROOKLYN, NY, 11206
NTEE Category
Code: L22 - Housing
If you are a representative of Coretta Scott King Hdfc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.