Overview
What is Zichron Yosef Inc?
Zichron Yosef Inc is a nonprofit organization situated in Spring Valley, New York. This charitable entity's primary objective is to assist local, needy, or charitable organizations that find themselves in a crisis situation. They accomplish this by offering interest-free loans and direct financial aid. The organization's mission is to extend a helping hand to these organizations during their challenging times, aiming to alleviate their financial burdens and ensure they can continue serving their communities effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 30%
Zichron Yosef Inc has received a low score of 30%, resulting in a Zero-Star out of Four Star rating. This rating reflects significant concerns regarding the organization's accountability and financial management practices. The charity has shown strengths in governance, with a fully independent board and no material diversion of assets, indicating some level of operational integrity. However, these strengths are overshadowed by numerous deficiencies in transparency and adherence to best practices.
The organization lacks essential policies, such as a conflict of interest policy and a whistleblower policy, both of which are critical for protecting the interests of stakeholders. Furthermore, Zichron Yosef Inc has not provided key documents online, including board meeting minutes and its tax form, which raises questions about its commitment to transparency. The absence of a program expense ratio suggests that no funds have been allocated to program activities, pointing to a potential failure in fulfilling its mission.
Overall, while Zichron Yosef Inc has some governance strengths, its overall performance is troubling due to significant gaps in financial transparency and accountability. These issues could hinder potential donor confidence and impact the charity's ability to effectively serve its intended purpose.
This AI summary has been generated from information found on Charity Navigator.
Is Zichron Yosef Inc legitimate?
Zichron Yosef Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zichron Yosef 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: $0
For more financial information, click here
What is the mission statement of Zichron Yosef Inc?
Zichron Yosef Inc's mission is centered around providing aid to local charitable organizations and individuals in crisis. The organization accomplishes this by offering interest-free loans and direct monetary assistance. This financial assistance serves as a lifeline for organizations in distress, enabling them to continue their vital work in the community. By providing this support, Zichron Yosef Inc plays a crucial role in maintaining the stability and resilience of local charitable organizations during challenging times.
Who is the CEO of Zichron Yosef Inc?
Elimelech Neuwirth is the Director of Zichron Yosef Inc. The CEO's salary of Zichron Yosef Inc is $0 and their total compensation is $0.
What is the revenue of Zichron Yosef Inc?
Zichron Yosef Inc's revenue in 2022 was $0.
Who are the executives of Zichron Yosef Inc and what are their salaries?
Here are 3 key members and their salaries (Zichron Yosef Inc's CEO's salary is $0 and their total compensation is $0):
- 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 Zichron Yosef Inc?
Zichron Yosef Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Zichron Yosef Inc
Zichron Yosef Inc, a nonprofit organization, is dedicated to providing aid to local charitable and needy organizations that find themselves in crisis. They accomplish this mission by offering interest-free loans and direct monetary assistance. The primary goal of Zichron Yosef Inc is to offer a financial lifeline to these organizations during their most challenging times, thereby allowing them to continue their essential work in the community. This mission is crucial in ensuring that these organizations can overcome their financial difficulties and continue to serve those in need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Zichron Yosef Inc has a significant impact on the local community by addressing the urgent financial needs of individuals and charitable organizations in crisis. By providing interest-free loans and direct monetary assistance, the organization empowers those facing hardship to overcome obstacles without the burden of debt. This critical financial support fosters stability and encourages self-sufficiency among recipients, allowing them to regain their footing during challenging times. The mission underscores a commitment to philanthropy and a compassionate response to the needs of the community in Spring Valley, NY. Through its efforts, Zichron Yosef Inc not only alleviates immediate financial stress but also contributes to the overall resilience and wellbeing of the area’s most vulnerable residents.
This information is meant to be a general summary of Zichron Yosef 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.
Assets and Liabilities:
- Total Assets: $544,650
- Total Liabilities: $50,000
- Net Assets: $494,650
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2020
Principal Officer
Elimelech Neuwirth
Main Address
9 PERLMAN DR APT 215, SPRING VALLEY, NY, 10977
NTEE Category
Code: T30 - Philanthropy
If you are a representative of Zichron Yosef Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.