Overview
What is Arthur Elliot Hdfc?
Arthur Elliot Hdfc is a nonprofit organization situated in the Bronx, New York, with an address at 660 East 183rd Street. Their primary mission is to offer affordable housing opportunities for low-income and moderate-income families within the community. The organization derives its revenue primarily from rental income generated from these housing units. To efficiently manage and maintain the premises, they cover necessary expenses such as administrative fees, utilities, repairs, maintenance, taxes, and insurance.
Official website here: www.belmontarthur.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (61%)
Arthur Elliot Hdfc has received a two-star rating from Charity Navigator, indicating that it needs improvement in its accountability and financial management. The organization has a relatively low score for board independence, with only 33% of board members being independent, which may raise concerns about governance practices. However, the organization excels in several policy areas, such as having a solid conflict of interest policy and maintaining an audit and oversight committee.
Financially, the organization faces challenges, particularly in its liabilities to assets ratio, which stands at a concerning 98.50%. This suggests that nearly all of its assets are offset by liabilities, potentially impacting its sustainability. Despite these concerns, Arthur Elliot Hdfc has a good program expense ratio of 65.94%, indicating that a significant portion of its resources is directed towards its programs, rather than administrative costs.
Overall, while the charity demonstrates some strengths in its policies and program spending, its governance structure and financial health present notable limitations that need to be addressed for improved performance and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Arthur Elliot Hdfc legitimate?
Arthur Elliot Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arthur Elliot 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.belmontarthur.com
What is the mission statement of Arthur Elliot Hdfc?
Arthur Elliot Hdfc's mission is centered around providing housing opportunities for individuals and families with low to moderate income. They achieve this by operating rental properties, generating revenue primarily from these rentals. The associated expenses cover essentials such as administrative fees, utilities, repairs, maintenance, taxes, and insurance, ensuring the efficient operation of the premises and compliance with regulations. The organization's focus is on serving the community by offering affordable housing options.
Official website here: www.belmontarthur.com
Who is the CEO of Arthur Elliot Hdfc?
Consolato Cicciu is the President of Arthur Elliot Hdfc.
Official website here: www.belmontarthur.com
What is the revenue of Arthur Elliot Hdfc?
Arthur Elliot Hdfc's revenue in 2022 was $527,556.
Official website here: www.belmontarthur.com
Who are the executives of Arthur Elliot Hdfc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
Official website here: www.belmontarthur.com
Where can I find the form 990 for Arthur Elliot Hdfc?
Arthur Elliot Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belmontarthur.com
Learn more at the official website: www.belmontarthur.com
Mission Statement of Arthur Elliot Hdfc
Arthur Elliot HDFC, as a nonprofit organization, is committed to providing affordable housing opportunities for individuals and families with low to moderate incomes. Its mission is centered around creating a community where individuals from various income brackets can secure a place to call home. The organization generates its revenue primarily through low to moderate income family-subsidized rentals that occupy its properties. The associated expenses, including administrative fees, utilities, repairs and maintenance, taxes, and insurance, ensure the efficient operation of the premises and adherence to regulations. In essence, Arthur Elliot HDFC serves as a vital resource, offering affordable housing solutions to those who may otherwise struggle to secure suitable living arrangements.
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Impact
July, 2024
Arthur Elliot Hdfc's impact can be seen in its provision of low-income to moderate-income housing opportunities for the community in the Bronx, NY. By offering subsidized rentals to families in need, the organization contributes to addressing housing challenges and promoting economic stability for residents in the area. Through its rental income model, Arthur Elliot Hdfc is able to sustain its operations and ensure that the properties are well-maintained and compliant with regulations, ultimately serving the mission of providing affordable housing options for those in need.
This information is meant to be a general summary of Arthur Elliot 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: $906
- Program Service Revenue: $526,650
- Gross Receipts: $527,556
Assets and Liabilities:
- Total Assets: $3,189,159
- Total Liabilities: $3,141,344
- Net Assets: $47,815
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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
$521,049
SUPER RENT FREE UNIT
Revenue
$13,709
OTHER RENTAL INCOME
Revenue
$100
VACANCIES
Revenue
-$8,208
Organization Details
Founding Year
2012
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
Website
www.belmontarthur.comNTEE Category
Code: L21 - Housing
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