Overview
What is Gemah Lehalvot Inc?
Gemah Lehalvot Inc, located in Brooklyn, New York, is a compassionate nonprofit organization that offers charitable and emergency interest-free loans to families in need. With a modest workforce of one dedicated individual, this organization serves as a financial lifeline for families experiencing hardships, providing financial assistance without the burden of interest payments. Gemah Lehalvot Inc's mission aligns with its activities and description, ensuring that it offers aid when it matters most.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Gemah Lehalvot Inc has achieved a solid rating of 80%, reflecting a strong performance in accountability and finance, which constitutes the entirety of its score. The organization has been recognized for its effective governance, demonstrated by a fully independent board and a clear conflict of interest policy. Their financial management is commendable, with no liabilities reported and a program expense ratio indicating that all funds go directly towards their mission.
The nonprofit has a well-documented process for board governance, including detailed meeting minutes, which enhances transparency. However, while the leadership appears stable with modest salaries, the significant difference in compensation between key persons may raise questions about equity and sustainability in staff remuneration. Overall, the organization demonstrates a commitment to financial responsibility and good governance, making it a reliable option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Gemah Lehalvot Inc legitimate?
Gemah Lehalvot Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gemah Lehalvot 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: $34,800
For more financial information, click here
What is the mission statement of Gemah Lehalvot Inc?
Gemah Lehalvot Inc, as a charitable organization, is committed to providing interest-free loans in times of need and emergency to families who are struggling financially. Their mission is centered around alleviating financial burdens for these families, offering them a lifeline during challenging periods. The organization operates on the principle of charity, ensuring that the loans do not add to the recipients' financial woes. By providing these loans, Gemah Lehalvot Inc aims to offer a helping hand to those in need, enabling them to manage their immediate financial crisis and focus on other essential aspects of their lives.
What is the revenue of Gemah Lehalvot Inc?
Gemah Lehalvot Inc's revenue in 2023 was $58,001.
Who are the executives of Gemah Lehalvot Inc and what are their salaries?
The average compensation at Gemah Lehalvot Inc during 2023 was $34,800. There is 1 employee at Gemah Lehalvot Inc.
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 Gemah Lehalvot Inc?
Gemah Lehalvot Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Gemah Lehalvot Inc
Gemah Lehalvot Inc, a nonprofit organization, is committed to providing charitable and emergency interest-free loans to families in need. Their mission is centered around alleviating financial burdens for these families during challenging times. The organization serves as a beacon of support, offering interest-free loans as a means to help families navigate through their financial difficulties. By providing these loans, Gemah Lehalvot Inc aims to contribute positively to the lives of those in need, offering a hand up rather than a handout. The organization's mission is grounded in the belief that every family deserves a chance to overcome financial hardships and improve their circumstances.
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Impact
August, 2024
Gemah Lehalvot Inc has a significant impact on the community by providing charitable and interest-free loans to needy families. This support helps alleviate financial burdens and provides a lifeline for those in desperate need. Through their mission, Gemah Lehalvot Inc is able to make a real difference in the lives of individuals and families facing economic challenges in Brooklyn, NY. Their dedication to serving human services needs is commendable and demonstrates a commitment to helping those most in need.
This information is meant to be a general summary of Gemah Lehalvot 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.
- Gross Receipts: $58,001
Assets and Liabilities:
- Total Assets: $261,442
- Total Liabilities: $0
- Net Assets: $261,442
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Organization Details
Founding Year
2017
Principal Officer
Elie Levy
NTEE Category
Code: P80 - Human services
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