Overview
What is 1106 College Avenue Hdfc?
1106 College Avenue Hdfc is a nonprofit organization located in the Bronx, New York, specifically at 660 East 183rd Street. Its primary mission is to offer housing opportunities for low-income and moderate-income families within the community. The organization generates revenue primarily through rental income derived from these rentals. The associated expenses cover administrative fees, utilities, repairs and maintenance, as well as taxes and insurance, ensuring efficient operation of the premises and compliance with regulations.
Official website here: www.belmontarthurldc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
1106 College Avenue HDFC has achieved a solid Three-Star rating, reflecting a strong commitment to accountability and finance as evidenced by its perfect scores in key areas such as audit oversight, conflict of interest policy, and whistleblower protections. With an overall score calculated exclusively from accountability metrics, the organization demonstrates its transparency and responsible financial practices effectively.
The nonprofit has maintained a favorable liabilities-to-assets ratio of 6.55% and allocates 71.55% of its expenses directly to programs, indicating a focus on delivering impactful services rather than administrative costs. These financial indicators suggest a well-managed organization that prioritizes its mission.
While the rating is commendable, it is essential for potential donors and stakeholders to consider the organization’s overall impact and effectiveness in relation to its programs. The focus on financial accountability is a positive aspect, but additional insights into program outcomes and community engagement would further enrich the understanding of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is 1106 College Avenue Hdfc legitimate?
1106 College Avenue Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1106 College Avenue Hdfc 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
Official website here: www.belmontarthurldc.com
What is the mission statement of 1106 College Avenue Hdfc?
The organization, identified as 1106 College Avenue Hdfc, is committed to providing affordable housing opportunities for individuals and families with moderate income levels within the community. This mission is accomplished primarily through the generation of revenue from subsidized rental units, which make up the majority of its income sources. The associated expenses cover administrative fees, utilities, repairs and maintenance, as well as taxes and insurance, all necessary components to efficiently operate the premises and adhere to regulations. Overall, the organization's primary focus is on making housing accessible for those with moderate income levels.
Official website here: www.belmontarthurldc.com
Who is the CEO of 1106 College Avenue Hdfc?
Consolato Cicciu is the President of 1106 College Avenue Hdfc.
Official website here: www.belmontarthurldc.com
What is the revenue of 1106 College Avenue Hdfc?
1106 College Avenue Hdfc's revenue in 2022 was $537,614.
Official website here: www.belmontarthurldc.com
Who are the executives of 1106 College Avenue Hdfc 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
Official website here: www.belmontarthurldc.com
Where can I find the form 990 for 1106 College Avenue Hdfc?
1106 College Avenue Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belmontarthurldc.com
Learn more at the official website: www.belmontarthurldc.com
Mission Statement of 1106 College Avenue Hdfc
1106 College Avenue HDFC is committed to providing affordable housing opportunities for low-income and moderate-income families within the community. Its primary objective is to create a living space where individuals and families who fall under these income brackets can call home. The organization generates revenues mainly through family-subsidized rental payments occupying the property. The associated expenses cover administrative fees, utilities, repairs and maintenance, as well as taxes and insurance, ensuring the efficient operation of the premises and adherence to regulations. By providing housing, 1106 College Avenue HDFC contributes to the stability and well-being of its residents, contributing positively to the community as a whole.
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Impact
July, 2024
1106 College Avenue Hdfc's impact is centered around providing low to moderate-income housing opportunities for the community in Bronx, NY. Through subsidized rentals, the organization generates revenue to support this mission. By offering affordable housing options, 1106 College Avenue Hdfc contributes to addressing the housing needs of individuals and families with limited financial resources in the community.
This information is meant to be a general summary of 1106 College Avenue Hdfc. 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: $103
- Program Service Revenue: $537,511
- Gross Receipts: $537,614
Assets and Liabilities:
- Total Assets: $1,369,620
- Total Liabilities: $89,803
- Net Assets: $1,279,817
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS POTENTIAL RENT
Revenue
$615,114
OTHER RENTAL INCOME
Revenue
$4
VACANCIES
Revenue
-$77,607
Organization Details
Founding Year
2005
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
Website
www.belmontarthurldc.comNTEE Category
Code: L20 - Housing
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