Overview
What is Chesed L'Yehoshua Inc?
Chesed L'Yehoshua Inc is a nonprofit organization situated in Flushing, New York. Its primary mission is to extend assistance to underprivileged families and individuals by offering interest-free loans. In addition to financial aid, the organization provides essentials such as food, clothing, and grants, as well as religious articles, to those in need. The organization's mission is deeply rooted in compassion and the desire to uplift and support individuals and families facing hardships.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
Chesed L'Yehoshua Inc has received a low rating of 53% from Charity Navigator, which translates to a One-Star designation. This rating primarily reflects significant weaknesses in accountability and transparency metrics, as the organization has scored poorly in several key areas, including the absence of independent board members and missing critical policies such as conflict of interest and whistleblower protections.
Despite these concerns, the organization has demonstrated positive aspects in financial management, with a program expense ratio of 100%, indicating that all expenses are directed towards its programs. Additionally, the liabilities to assets ratio is also favorable at 11.49%, highlighting a manageable level of liabilities relative to its assets. However, the lack of transparency through missing documentation on their website raises questions about their governance practices.
Overall, while Chesed L'Yehoshua Inc shows strong programming efficiency, the glaring gaps in accountability and governance policies significantly detract from its overall rating and public trust. The organization will need to address these areas to improve its standing and effectiveness in donor engagement and operational credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Chesed L'Yehoshua Inc legitimate?
Chesed L'Yehoshua Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chesed L'Yehoshua 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.
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What is the mission statement of Chesed L'Yehoshua Inc?
Chesed L'Yehoshua Inc is an organization committed to assisting those in need. Its primary mission is to extend interest-free loans to struggling families and individuals. In addition to financial aid, the organization provides essentials such as food, clothing, and religious articles to those who are financially distressed. The ultimate goal of Chesed L'Yehoshua Inc is to alleviate financial burdens and offer support to individuals and families in need.
Who is the CEO of Chesed L'Yehoshua Inc?
Joel Shafran is the President of Chesed L'Yehoshua Inc.
What is the revenue of Chesed L'Yehoshua Inc?
Chesed L'Yehoshua Inc's revenue in 2022 was $16,975.
Who are the executives of Chesed L'Yehoshua Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Chesed L'Yehoshua Inc?
Chesed L'Yehoshua Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chesed L'Yehoshua Inc
Chesed L'Yehoshua Inc, a nonprofit organization, is committed to providing aid to families and individuals in need. At its core, the mission of this organization is to extend interest-free loans to those who find themselves in financially challenging situations. Beyond financial assistance, Chesed L'Yehoshua Inc also extends its support through the provision of food, clothing, grants, and religious articles to those in need. In essence, the organization seeks to alleviate the burdens of those facing hardships, helping them to regain their footing and move forward with dignity.
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Impact
August, 2024
Chesed L'Yehoshua Inc's impact lies in its direct assistance to needy families and individuals in Flushing, NY. Through interest-free loans, grants, food, clothing, and religious articles, the organization significantly improves the lives of those in need. Their mission to provide essential support without the burden of interest payments demonstrates a commitment to alleviating financial hardships and promoting stability within the community. By offering tangible resources and financial assistance, Chesed L'Yehoshua Inc plays a vital role in addressing urgent needs and fostering resiliency among vulnerable populations.
This information is meant to be a general summary of Chesed L'Yehoshua 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: $16,975
Assets and Liabilities:
- Total Assets: $238,400
- Total Liabilities: $30,000
- Net Assets: $208,400
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Organization Details
Founding Year
2015
Phone
(917) 992-6407Principal Officer
Joel Shafran
Main Address
135-04 78TH DRIVE, FLUSHING, NY, 11367
NTEE Category
Code: P60 - Human services
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