Overview
What is Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc?
Neighborhood Housing Services of Brooklyn (Bedford Stuyvesant) Cdc Inc is a nonprofit organization dedicated to revitalizing underserved communities in Brooklyn, New York. Their primary focus lies in creating and preserving affordable housing opportunities, aiming to foster neighborhood stabilization. They achieve this by offering pre- and post-purchase homeownership education to local residents, ensuring the sustainability and affordability of homes. Additionally, they extend their services to renters, providing counseling and education to promote financial literacy and affordability. To further engage with the community, they conduct workshops and offer counseling for tenants. Guided by local needs and led by local residents, their mission is to empower communities financially while improving housing conditions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Neighborhood Housing Services of Brooklyn (Bedford Stuyvesant) Cdc Inc has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The score reflects a perfect accountability score, demonstrating the organization’s commitment to transparency and responsible management of resources. This high rating is particularly significant as it shows that the organization has effectively met or exceeded the benchmarks set by Charity Navigator.
The nonprofit boasts a fully independent board, with all board members being independent, which is a key strength in governance. Additionally, the organization has implemented robust policies including a conflict of interest policy and a whistleblower policy, both of which contribute to its strong ethical standards. The financial health of the organization is also notable, with a low liabilities to assets ratio and a high program expense ratio, indicating that a substantial portion of its funds is directed towards its charitable mission.
While the overall score is highly favorable, it is important for potential donors and stakeholders to remain aware of the broader context in which the nonprofit operates. The reliance on a single beacon score can limit insights into other operational aspects, but the strong accountability metrics presented suggest that Neighborhood Housing Services of Brooklyn is a well-managed organization dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc legitimate?
Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc 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: $140,000
Professional Fundraising Fees: $10,000
Other Salaries and Wages: $230,218
For more financial information, click here
What is the mission statement of Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc?
Neighborhood Housing Services of Brooklyn, an organization driven by local residents and needs, aims to revitalize underserved communities. They accomplish this by creating and preserving affordable housing opportunities, as well as promoting neighborhood stabilization. Furthermore, the organization works towards increasing financial empowerment among community members. Their efforts are not limited to homeowners; they also provide pre- and post-purchase education, counseling, and financial literacy resources to renters. Their programs, including workshops and counseling sessions, are designed to ensure affordability and sustainability in the neighborhood.
Who is the CEO of Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc?
Richard Trouth is the Executive Director of Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc.
What is the revenue of Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc?
Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc's revenue in 2022 was $986,331.
Who are the executives of Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc and what are their salaries?
The average compensation at Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc during 2022 was $74,044. There are 5 employees at Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc?
Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc
Neighborhood Housing Services of Brooklyn, a community development corporation, is dedicated to revitalizing underserved areas by creating and preserving affordable housing options. This organization, led by local residents and tailored to meet local needs, aims to promote neighborhood stabilization and increase financial empowerment. In pursuit of its mission, Neighborhood Housing Services of Brooklyn offers pre- and post-purchase homeownership education to Brooklyn residents, ensuring affordability, sustainability, and neighborhood preservation. Beyond homeownership, the organization also extends its reach to renters, providing counseling and education to help maintain affordability and foster financial literacy. Through workshops and counseling, Neighborhood Housing Services of Brooklyn empowers its community by equipping them with the necessary tools and knowledge to secure and maintain stable housing.
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Impact
July, 2024
Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc Inc's impact includes revitalizing underserved communities by creating and preserving affordable housing opportunities, increasing financial empowerment, and promoting neighborhood stabilization in Brooklyn. They provide pre- and post-purchase homeownership education, counseling, and workshops for residents to ensure affordability, sustainability, and neighborhood preservation. Additionally, they offer counseling and education to renters to promote financial literacy and affordability. By being led by local residents and guided by local needs, the organization has a direct and positive impact on the community.
This information is meant to be a general summary of Neighborhood Housing Services Of Brooklyn (Bedford Stuyvesant) Cdc 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: $167
- Program Service Revenue: $6,306
- Gross Receipts: $986,331
Assets and Liabilities:
- Total Assets: $902,008
- Total Liabilities: $169,185
- Net Assets: $732,823
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$6,306
Organization Details
Founding Year
2014
Phone
(718) 919-2100Principal Officer
Richard Trouth
Main Address
506 MCDONOUGH STREET APT LOWER LEVE, BROOKLYN, NY, 11233
NTEE Category
Code: P51 - Human services
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