Overview
What is Jdd Court Housing Development Fund Corporation?
The Jdd Court Housing Development Fund Corporation is a nonprofit organization, established for the sole purpose of constructing affordable housing units for individuals with low income, on a tax-exempt basis. Their mission revolves around providing affordable living spaces, contributing to the betterment of the community and ensuring that housing remains accessible to individuals with limited financial means.
Official website here: www.mrcbx.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 66% Overall Score, Two-Star out of Four Star Rating
JDD Court Housing Development Fund Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement in various areas of accountability and financial management. The organization boasts a fully independent board with 100% independent members, which is a strong point in governance. However, it faces significant challenges in financial transparency, as it has not submitted financial statements, resulting in a low score for that category.
The organization demonstrates a commendable commitment to program expenses, achieving a 100% program expense ratio, suggesting that all funds are directed towards its mission. However, the liabilities to assets ratio stands at a concerning 95.20%, raising red flags regarding financial health and sustainability. While the board has established various policies, the absence of financial documentation limits the organization's accountability.
Overall, while JDD Court Housing Development Fund Corporation has strengths in governance and program spending, significant improvements are necessary in financial transparency and health to enhance trust and effectiveness in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Jdd Court Housing Development Fund Corporation legitimate?
Jdd Court Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jdd Court Housing Development Fund 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.
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Official website here: www.mrcbx.org
What is the mission statement of Jdd Court Housing Development Fund Corporation?
The Jdd Court Housing Development Fund Corporation is established with the primary objective of developing affordable housing projects for individuals of low income, on a tax-exempt basis. Their mission is to cater to this specific segment of the population, ensuring they have access to housing that aligns with their financial capabilities. The corporation's activities are centered around creating and managing affordable housing projects, aiming to make a significant impact in people's lives by providing them with secure and affordable living spaces.
Official website here: www.mrcbx.org
Who is the CEO of Jdd Court Housing Development Fund Corporation?
Paul Moore is the Executive Director of Jdd Court Housing Development Fund Corporation.
Official website here: www.mrcbx.org
What is the revenue of Jdd Court Housing Development Fund Corporation?
Jdd Court Housing Development Fund Corporation's revenue in 2022 was $774,622.
Official website here: www.mrcbx.org
Who are the executives of Jdd Court Housing Development Fund Corporation and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.mrcbx.org
Where can I find the form 990 for Jdd Court Housing Development Fund Corporation?
Jdd Court Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mrcbx.org
Learn more at the official website: www.mrcbx.org
Mission Statement of Jdd Court Housing Development Fund Corporation
Jdd Court Housing Development Fund Corporation is a nonprofit organization with a mission to develop affordable housing projects for individuals of low income. Established with a tax-exempt purpose, this corporation is committed to providing housing that is financially accessible to those who require it. By developing affordable housing, Jdd Court Housing Development Fund Corporation aims to contribute to the well-being and stability of the community, ensuring that everyone has a place to call home, regardless of their financial situation.
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Impact
July, 2024
Jdd Court Housing Development Fund Corporation's impact can be seen in its dedicated efforts to develop affordable housing projects for individuals with low incomes in the Bronx, NY. By focusing on providing housing options for those in need, the Corporation contributes to improving the quality of life for low-income residents in the community. Through its mission-driven approach, Jdd Court Housing Development Fund Corporation plays a significant role in addressing the housing challenges faced by individuals with limited financial resources, ultimately working to create a more equitable and inclusive living environment for all.
This information is meant to be a general summary of Jdd Court Housing Development Fund 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: $3,316
- Program Service Revenue: $771,306
- Gross Receipts: $774,622
Assets and Liabilities:
- Total Assets: $4,701,595
- Total Liabilities: $4,380,246
- Net Assets: $321,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME HOUSING REN
Revenue
$771,306
Organization Details
Founding Year
2013
Phone
(718) 589-7958Principal Officer
Paul Moore
Main Address
576B EAST 165TH STREET, BRONX, NY, 10456
Website
www.mrcbx.orgNTEE Category
Code: L21 - Housing
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