1350 Ogden Avenue Hdfcinc
Overview
Mission
To provide low income to moderate income housing opportunities for the community
What it reported doing in 2024
The property generates revenue primarily through subsidized rentals occupied by low-to-moderate-income families. Associated expenses, including administrative fees, utilities, repairs, maintenance, taxes, and insurance, are necessary for the efficient operation of the premises and regulatory compliance.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 133864877
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Headquarters
- Bronx, NY, USA
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 100
- Accountability: 61
- Sustainability: 66
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.6%; rating input score 72
- Program expense ratio: 80%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 7.8%; rating input score 57; 57th percentile among comparable filings
- Operating reserve ratio: 4.16; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 51; 51st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 4.2% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 1.1% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 71.6% of revenue deployed · 80% of spending went to programs
- Governance: 1 of 3 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $401K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules
- Filing history: 4 annual filings from 2020 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.