Overview
What is Galvan Civic I Inc?
Galvan Civic I Inc is a nonprofit organization situated in New York City, specifically at 42 West 39th Street, 14th Floor. Their primary mission is to bolster impoverished communities in the vicinity of Hudson, New York State. They achieve this by advocating for and promoting the provision of affordable housing, social services, and economic opportunities for individuals who are economically disadvantaged or face other challenges. This nonprofit organization plays a significant role in uplifting underprivileged communities by fostering a sense of self-sufficiency and improving their overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 47%
Galvan Civic I Inc has received a low score of 47%, resulting in a Zero-Star out of Four Star rating. This indicates significant concerns regarding the organization's financial accountability and transparency. While the organization has demonstrated strengths in governance, such as having a fully independent board and robust policies for conflicts of interest and whistleblowing, its financial metrics raise serious red flags.
The most concerning aspect of Galvan Civic I Inc's finances is its liabilities to assets ratio, which stands at an alarming 106.98%. Additionally, the charity reports a program expense ratio of 0.00%, suggesting that it may not be allocating resources effectively towards its mission-driven programs. These financial indicators point to potential issues that could hinder the organization's ability to fulfill its objectives and serve its constituents.
Overall, while Galvan Civic I Inc has established a framework for good governance, its financial health is a clear area of concern. Prospective donors and stakeholders should carefully consider these factors when evaluating their support for this nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Galvan Civic I Inc legitimate?
Galvan Civic I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Galvan Civic I 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 Galvan Civic I Inc?
Galvan Civic I Inc was established with a mission to strengthen impoverished communities in various regions. This is achieved by promoting the provision of affordable housing, social services, and economic opportunities for individuals of low income and other disadvantaged groups. The organization's activities aim to enhance the living conditions and prospects of these communities, thereby contributing to their overall development and well-being.
What is the revenue of Galvan Civic I Inc?
Galvan Civic I Inc's revenue in 2023 was -$223,504.
Who are the executives of Galvan Civic I Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Galvan Civic I Inc?
Galvan Civic I Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Galvan Civic I Inc
Galvan Civic I Inc is an organization that was established with a mission to strengthen impoverished communities in close proximity to Hudson, New York State. Its primary objective is to promote the provision of affordable housing, social services, and economic opportunities for individuals of low income and those facing various disadvantages. By engaging in activities that support these causes, Galvan Civic I Inc aims to uplift and empower those residing in the surrounding communities, ultimately contributing to their overall improvement and well-being.
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Impact
October, 2024
Galvan Civic I Inc significantly impacts impoverished communities in the vicinity of Hudson, New York, by addressing the critical needs of low-income individuals and other disadvantaged groups. By promoting the provision of affordable housing, the organization helps to alleviate the housing crisis faced by many, ensuring that families have a secure place to live.
Additionally, their focus on social services enhances community well-being, providing access to essential resources that support individuals in overcoming barriers to stability and growth. The promotion of economic opportunities further empowers residents, equipping them with the tools and support necessary to improve their financial situations and contribute positively to their communities. Overall, Galvan Civic I Inc plays a vital role in fostering resilient and thriving neighborhoods through its comprehensive approach to community development.
This information is meant to be a general summary of Galvan Civic I 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 2023.
- Investment Income: $8
- Gross Receipts: $363,803
Assets and Liabilities:
- Total Assets: $11,225,614
- Total Liabilities: $12,009,793
- Net Assets: -$784,179
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Organization Details
Founding Year
2014
Principal Officer
T Eric Galloway
NTEE Category
Code: T11 - Philanthropy
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