Overview
What is Gemach Of Riverdale Inc?
Gemach Of Riverdale Inc is a nonprofit organization situated in the Bronx, New York, specifically at 4919 Goodridge Avenue. Their primary mission is to offer short-term financial aid to individuals and families who are currently facing financial hardships. Through their lending services, they aim to alleviate temporary financial pressures and provide a supportive environment during challenging times.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
Gemach Of Riverdale Inc has received a low rating due to significant shortcomings in its accountability and finance practices. The overall score is heavily influenced by a single beacon score, with the organization primarily lacking essential policies and transparency measures that are important for nonprofit governance. For instance, while it scores well on board independence, it fails to provide a conflict of interest policy, a whistleblower policy, and other critical documentation, which resulted in a low overall accountability score.
The organization does have a majority independent board and has not diverted any assets, indicating some strengths in governance. However, the absence of a website link on its tax form and missing documentation regarding financial management and program expenses raises serious concerns about its operational transparency and effectiveness. These factors could affect donor confidence and the organization's overall impact.
Overall, while Gemach Of Riverdale Inc has certain governance strengths, its lack of essential policies and transparency measures significantly detracts from its rating. Potential donors may want to consider these limitations when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Gemach Of Riverdale Inc legitimate?
Gemach Of Riverdale Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gemach Of Riverdale 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 Gemach Of Riverdale Inc?
Gemach Of Riverdale Inc's mission is centered around providing financial aid to individuals and families who find themselves in temporary financial hardships. The organization extends short-term loans to help alleviate their financial burdens, acting as a supportive resource during challenging times. By offering this service, Gemach Of Riverdale Inc aims to make a significant difference in the lives of those in need, alleviating some of their financial stress and enabling them to navigate their circumstances more easily.
Who is the CEO of Gemach Of Riverdale Inc?
Evan Russo is the President of Gemach Of Riverdale Inc.
What is the revenue of Gemach Of Riverdale Inc?
Gemach Of Riverdale Inc's revenue in 2022 was $16,390.
Who are the executives of Gemach Of Riverdale Inc and what are their salaries?
There 5 volunteers at Gemach Of Riverdale Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Gemach Of Riverdale Inc?
Gemach Of Riverdale Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gemach Of Riverdale Inc
Gemach of Riverdale Inc, as a nonprofit organization, is committed to providing short-term financial assistance to individuals and families who find themselves in need. Their mission is to extend loans to those who are facing financial hardships, offering them a lifeline during challenging times. By providing these loans, Gemach of Riverdale Inc aims to alleviate some of the financial pressure that these individuals and families are experiencing, allowing them to navigate their circumstances with a little more ease. The organization's activities are centered around this mission, offering a crucial service to those in need.
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Impact
August, 2024
Gemach Of Riverdale Inc's impact lies in providing crucial financial support to individuals and families in need of short-term assistance. By offering loans to those facing financial challenges, Gemach Of Riverdale Inc plays a vital role in helping these individuals weather difficult times and regain their stability. This impact extends beyond just monetary assistance, as it also contributes to empowering individuals to overcome financial obstacles and move towards a more secure future.
This information is meant to be a general summary of Gemach Of Riverdale 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.
- Gross Receipts: $16,390
Assets and Liabilities:
- Total Assets: $610,135
- Total Liabilities: $0
- Net Assets: $610,135
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Organization Details
Founding Year
2013
Phone
(917) 408-3035Principal Officer
Evan Russo
Main Address
4919 Goodridge Avenue, Bronx, NY, 10471
NTEE Category
Code: P99 - Human services
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