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The Carpenter Housing Development Fund Company Inc

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

EIN: 061475666 ✦ Syracuse, NY ✦ Designated as a 501(c)(3)

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Overview

What is The Carpenter Housing Development Fund Company Inc?

The Carpenter Housing Development Fund Company Inc is a nonprofit organization situated in Syracuse, New York, with a specific focus on providing affordable housing. Operating under Section 202 of the National Housing Act and Article XI of the Private Housing Finance Law of New York, they manage a 40-unit low-income housing project on a not-for-profit basis. The company's mission is centered around developing, owning, and operating low-income housing projects, contributing to the community by providing essential housing solutions for those in need. With a small workforce of just four employees, The Carpenter Housing Development Fund Company Inc is dedicated to making a significant impact in Syracuse and New York.


Official website here: www.christopher-community.org

Is The Carpenter Housing Development Fund Company Inc legitimate?

The Carpenter Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Carpenter 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: $98,185

For more financial information, click here


Official website here: www.christopher-community.org

What is the mission statement of The Carpenter Housing Development Fund Company Inc?

The Carpenter Housing Development Fund Company Inc was established with a specific purpose: to develop, manage, and operate a low-income housing project on a non-profit basis. This mission is carried out in accordance with Article XI of the Private Housing Finance Law of New York and Section 202 of the National Housing Act. The organization operates a 40-unit low-income housing project, providing affordable living spaces for individuals in need. The company's activities are dedicated to meeting the housing needs of this particular demographic, contributing to a more equitable and inclusive community.


Official website here: www.christopher-community.org

Who is the CEO of The Carpenter Housing Development Fund Company Inc?

Juile Elwood is the President of The Carpenter Housing Development Fund Company Inc.


Official website here: www.christopher-community.org

What is the revenue of The Carpenter Housing Development Fund Company Inc?

The Carpenter Housing Development Fund Company Inc's revenue in 2022 was $325,359.


Official website here: www.christopher-community.org

Who are the executives of The Carpenter Housing Development Fund Company Inc and what are their salaries?

The average compensation at The Carpenter Housing Development Fund Company Inc during 2022 was $24,546. There are 4 employees at The Carpenter Housing Development Fund Company Inc.


Here are 4 key members and their salaries:


Juile Elwood (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Braunscheidel (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Dworsky (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mccracken (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.christopher-community.org

Where can I find the form 990 for The Carpenter Housing Development Fund Company Inc?

The Carpenter Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.christopher-community.org

Learn more at the official website: www.christopher-community.org

Mission Statement of The Carpenter Housing Development Fund Company Inc

The Carpenter Housing Development Fund Company Inc was established with a specific mission: to develop, own, and manage a low-income housing project on a non-profit basis. This mission is in line with Article XI of the Private Housing Finance Law of New York State. The organization carries out this mission by operating a 40-unit low-income housing project, adhering to Section 202 of the National Housing Act and Article XI of the Private Housing Finance Law of New York. This project aims to provide affordable housing options for individuals with low income, operating on a non-profit basis. The Carpenter Housing Development Fund Company Inc's mission is to contribute positively to the community by offering housing solutions that cater to those who may not have access to such resources otherwise.

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Impact




October, 2024

The Carpenter Housing Development Fund Company Inc significantly impacts the community by providing 40 units of affordable housing for low-income residents in Syracuse, NY. By developing, owning, and operating this housing project, the organization addresses a critical need for affordable living options in the area, ensuring that individuals and families have access to safe and stable environments.

The project is structured in accordance with the National Housing Act and the Private Housing Finance Law of New York, reinforcing its commitment to supporting vulnerable populations. This initiative not only promotes housing stability but also contributes to the overall health and well-being of the community by reducing homelessness and fostering a sense of belonging among residents. The ongoing operation of these low-income housing units plays a vital role in bolstering local economic conditions, enabling residents to invest in their future without the burden of high housing costs.




This information is meant to be a general summary of The Carpenter 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.

Revenue
$325,359 (2022)
Expenses
$357,268 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,126
  • Program Service Revenue: $320,812
  • Gross Receipts: $325,359

Assets and Liabilities:

  • Total Assets: $1,471,985
  • Total Liabilities: $2,617,875
  • Net Assets: -$1,145,890

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Programs

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

RENTAL INCOME - NET OF

Revenue

$320,812

Organization Details

Founding Year

1997

Principal Officer

Juile Elwood

Main Address

990 JAMES STREET, SYRACUSE, NY, 13203

NTEE Category

Code: L20 - Housing

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