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Millennium Hills Housing Development Fund Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020623427 ✦ Huntington station, NY ✦ Designated as a 501(c)(3)

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Overview

What is Millennium Hills Housing Development Fund Corporation?

Millennium Hills Housing Development Fund Corporation is a nonprofit organization situated in Huntington Station, New York. Its primary mission is to enhance and improve housing options for low and moderate-income households in the Town of Huntington, New York, by leveraging subsidies from the U.S. Department of Housing and Urban Development (HUD). The organization's activities are geared towards expanding the availability of affordable housing, contributing to the well-being of the community in need.

Is Millennium Hills Housing Development Fund Corporation legitimate?

Millennium Hills Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Millennium Hills Housing Development Fund Corporation 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 Millennium Hills Housing Development Fund Corporation?

The Millennium Hills Housing Development Fund Corporation's mission is centered around expanding and enhancing housing opportunities for households with moderate and low income levels. This organization strives to achieve this goal by providing housing solutions, using funds from the U.S. Department of Housing and Urban Development (HUD) operating subsidy in specific instances. By focusing on this mission, the corporation aims to contribute to a more equitable housing landscape, ensuring that a wider range of individuals and families have access to suitable housing options.

Who is the CEO of Millennium Hills Housing Development Fund Corporation?

Barry Lites is the Vice Chair of Millennium Hills Housing Development Fund Corporation.

What is the revenue of Millennium Hills Housing Development Fund Corporation?

Millennium Hills Housing Development Fund Corporation's revenue in 2020 was $409,126.

Who are the executives of Millennium Hills Housing Development Fund Corporation and what are their salaries?


Here are 2 key members and their salaries:


Robert Fonti (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Lites (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Millennium Hills Housing Development Fund Corporation?

Millennium Hills Housing Development Fund Corporation's most recent form 990 was submitted in 2020 and can be accessed here.

Mission Statement of Millennium Hills Housing Development Fund Corporation

Millennium Hills Housing Development Fund Corporation is committed to expanding and improving housing opportunities for low and moderate-income households. This nonprofit organization's mission is geared towards providing adequate housing solutions for those who may not otherwise have access to such opportunities. By leveraging resources and partnerships, Millennium Hills Housing Development Fund Corporation aims to make a significant impact in the housing sector, focusing on the needs of economically disadvantaged individuals and families.

In pursuit of its mission, Millennium Hills Housing Development Fund Corporation seeks to provide housing for low-income households. Through its collaboration with the U.S. Department of Housing and Urban Development (HUD), the organization is able to offer subsidized housing options, ensuring that those in need have access to safe and affordable living spaces. By providing housing opportunities, Millennium Hills Housing Development Fund Corporation is instrumental in helping to strengthen communities and improve the overall quality of life for its residents.

In summary, Millennium Hills Housing Development Fund Corporation is a nonprofit organization that is dedicated to expanding and improving housing opportunities for low and moderate-income households. Through its mission, the organization seeks to provide housing solutions and subsidies, thereby enabling economically disadvantaged individuals and families to access safe and affordable living spaces. By doing so, Millennium Hills Housing Development Fund Corporation plays a crucial role in strengthening communities and improving the overall quality of life for its residents.

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Impact




October, 2024

Millennium Hills Housing Development Fund Corporation significantly enhances housing opportunities for low and moderate-income households in Huntington Station, NY. By focusing on the provision of affordable housing, the organization plays a vital role in addressing the needs of low-income families in the community. Through initiatives such as the HUD Operating Subsidy, it not only expands access to housing but also improves the overall quality of life for residents. This commitment to affordable housing contributes to neighborhood stability, fosters economic resilience, and promotes social equity within the region. Overall, Millennium Hills Housing Development Fund Corporation is pivotal in creating a more inclusive community where everyone has the chance to secure safe and affordable housing.




This information is meant to be a general summary of Millennium Hills Housing Development Fund Corporation. 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.

Revenue
$409,126 (2020)
Expenses
$427,551 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $392
  • Program Service Revenue: $271,271
  • Gross Receipts: $409,126

Assets and Liabilities:

  • Total Assets: $4,106,843
  • Total Liabilities: $6,434,615
  • Net Assets: -$2,327,772

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

40 LIH UNITS

Revenue

$271,271

Organization Details

Principal Officer

Barry Lites

Main Address

1A LOWNDES AVENUE, HUNTINGTON STATION, NY, 11746

NTEE Category

Code: L20 - Housing

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