Overview
What is Rotterdam Housing Development Fund Company Inc?
Rotterdam Housing Development Fund Company Inc is a nonprofit organization situated in Schenectady, New York. Its main objective is to provide affordable housing for the elderly, specifically managing a 50-unit complex located in Rotterdam. This project falls under section 202 of the National Housing Act and is financially supported by a contract with the U.S. Department of Housing and Urban Development. The organization's mission is dedicated to catering to the housing needs of the elderly population, covering all expenses related to maintaining and operating the complex.
Official website here: www.depaulhousing.com
Is Rotterdam Housing Development Fund Company Inc legitimate?
Rotterdam Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rotterdam Housing Development Fund Company 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: $64,140
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Official website here: www.depaulhousing.com
What is the mission statement of Rotterdam Housing Development Fund Company Inc?
The Rotterdam Housing Development Fund Company Inc is dedicated to providing low-income housing for the elderly. Their mission is carried out through the operation and maintenance of a 50-unit complex, which is funded by the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. The company's primary focus is on serving this specific demographic, striving to ensure they have access to suitable housing. The company's expenses are directly related to maintaining and operating this complex, located in an unspecified location.
Official website here: www.depaulhousing.com
Who is the CEO of Rotterdam Housing Development Fund Company Inc?
Noel Olsen is the Member of Rotterdam Housing Development Fund Company Inc.
Official website here: www.depaulhousing.com
What is the revenue of Rotterdam Housing Development Fund Company Inc?
Rotterdam Housing Development Fund Company Inc's revenue in 2023 was $258,329.
Official website here: www.depaulhousing.com
Who are the executives of Rotterdam Housing Development Fund Company Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.depaulhousing.com
Where can I find the form 990 for Rotterdam Housing Development Fund Company Inc?
Rotterdam Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.depaulhousing.com
Learn more at the official website: www.depaulhousing.com
Mission Statement of Rotterdam Housing Development Fund Company Inc
Rotterdam Housing Development Fund Company Inc, a nonprofit organization, is dedicated to providing affordable housing for the elderly. With a mission at its core, the company operates under the belief that every senior citizen deserves a suitable living space. To achieve this goal, Rotterdam Housing Development Fund Company manages a 50-unit complex, which is subsidized by a contract with the U.S. Department of Housing and Urban Development. This complex falls under Section 202 of the National Housing Act, ensuring that low-income elderly individuals have access to comfortable and safe housing. By providing this essential service, Rotterdam Housing Development Fund Company Inc contributes to the well-being of the elderly community, enabling them to maintain their independence and dignity in their later years.
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Impact
October, 2024
Rotterdam Housing Development Fund Company Inc plays a critical role in providing low-income housing for the elderly in Rotterdam, New York. By operating a 50-unit complex specifically designed for seniors, the organization addresses a significant need for affordable living options in the community. The facilities fall under section 202 of the National Housing Act, ensuring that low-income elderly residents can access safe, supportive, and suitable housing.
Through its partnership with the U.S. Department of Housing and Urban Development, the organization is able to subsidize costs, making it feasible for elderly individuals and families with limited financial resources to maintain a stable living environment. The impact of Rotterdam Housing Development Fund Company Inc extends beyond just housing; it fosters a sense of community and security for its residents, enhancing their quality of life during their later years. By alleviating housing burdens, it significantly contributes to the well-being and dignity of elderly individuals who might otherwise struggle to find affordable accommodation.
This information is meant to be a general summary of Rotterdam Housing Development Fund Company 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.
- Investment Income: $1,593
- Program Service Revenue: $205,818
- Gross Receipts: $258,329
Assets and Liabilities:
- Total Assets: $1,728,658
- Total Liabilities: $3,668,413
- Net Assets: -$1,939,755
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$205,818
Organization Details
Founding Year
2002
Phone
(518) 459-0183Principal Officer
Noel Olsen
Main Address
3151 MARRA LANE, ROTTERDAM, NY, 12303
Website
www.depaulhousing.comNTEE Category
Code: L22 - Housing
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