Overview
What is The Parodneck Foundation For Self-Help Housing & Community Development Inc?
The Parodneck Foundation for Self-Help Housing & Community Development Inc, based in New York City, New York, is a nonprofit organization dedicated to supporting low-income senior citizens and communities. Established in 1986, the foundation offers financial assistance and technical aid to eligible homeowners through the Senior Citizen Homeowner Assistance Program (SCHAP). The program's primary objective is to help senior homeowners improve their living conditions and avoid financial instability, displacement, or loss of independence. The foundation also administers government loan funds for qualified individuals and groups, provides technical assistance for neighborhood preservation and development efforts, and offers counseling in areas such as predatory lending remediation, foreclosure prevention, and loss mitigation. Overall, the foundation's mission is to support self-help housing and community development initiatives throughout New York City.
Official website here: www.parodneckfoundation.org
Is The Parodneck Foundation For Self-Help Housing & Community Development Inc legitimate?
The Parodneck Foundation For Self-Help Housing & Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Parodneck Foundation For Self-Help Housing & Community Development 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.
Here are some key statistics you may want to consider:
Executive Compensation: $231,262
Professional Fundraising Fees: $0
Other Salaries and Wages: $327,205
For more financial information, click here
What is the mission statement of The Parodneck Foundation For Self-Help Housing & Community Development Inc?
The Parodneck Foundation for Self-Help Housing & Community Development Inc's mission is centered around providing financial and technical assistance for self-help housing and community development initiatives. They achieve this by offering no-interest and forgivable loans, administering government loan funds for qualified low-income individuals and groups, providing technical assistance for neighborhood preservation and development efforts, and offering counseling in areas like predatory lending remediation, foreclosure prevention, and loss mitigation. The organization's mission is pursued through various program initiatives, primarily involving short-term and long-term financing.
Official website here: www.parodneckfoundation.org
Who is the CEO of The Parodneck Foundation For Self-Help Housing & Community Development Inc?
Kenneth Wray is the Asst. Treasurer/ Corporate of The Parodneck Foundation For Self-Help Housing & Community Development Inc.
Official website here: www.parodneckfoundation.org
What is the revenue of The Parodneck Foundation For Self-Help Housing & Community Development Inc?
The Parodneck Foundation For Self-Help Housing & Community Development Inc's revenue in 2022 was $1,098,880.
Official website here: www.parodneckfoundation.org
Who are the executives of The Parodneck Foundation For Self-Help Housing & Community Development Inc and what are their salaries?
The average compensation at The Parodneck Foundation For Self-Help Housing & Community Development Inc during 2022 was $62,052. There are 9 employees at The Parodneck Foundation For Self-Help Housing & Community Development Inc.
Here are 6 key members and their salaries:
- Kenneth Wray (Executive Director)
- Harold Derienzo (Asst. Treasurer/ Corporate) [Trustee/Director]
- Irma Rodriguez (Chairperson) [Trustee/Director]
- Greg Carlson (Board Member) [Trustee/Director]
- William Hilton (Board Member) [Trustee/Director]
- Rick Roberto (Board Member) [Trustee/Director]
Official website here: www.parodneckfoundation.org
Where can I find the form 990 for The Parodneck Foundation For Self-Help Housing & Community Development Inc?
The The Parodneck Foundation For Self-Help Housing & Community Development Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.parodneckfoundation.org
Learn more at the official website: www.parodneckfoundation.org
Mission Statement of The Parodneck Foundation For Self-Help Housing & Community Development Inc
The Parodneck Foundation for Self-Help Housing & Community Development Inc is committed to assisting low-income senior citizens, homeowners, and tenants, as well as supporting community development efforts in New York City. This is achieved through the provision of no-interest and forgivable loans, the administration of government loan funds for qualified individuals and groups, technical assistance for neighborhood preservation and development projects, and counseling in areas such as predatory lending remediation, foreclosure prevention, and loss mitigation. The organization's mission, in simpler terms, is to offer financial and technical aid to self-help housing and community development initiatives across New York City, achieving this goal through various program initiatives that often involve short-term and long-term financing.
Impact
This information is meant to be a general summary of The Parodneck Foundation For Self-Help Housing & Community Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The Parodneck Foundation For Self-Help Housing & Community Development Inc directly impacts low-income senior citizen homeowners, tenants, and community development efforts in New York City. Through the provision of no- and low-interest loans, forgivable loans, technical assistance, and counseling services, the organization helps these individuals and groups address challenges such as predatory lending, foreclosure prevention, and loss mitigation. Specifically, the foundation's Senior Citizen Homeowner Assistance Program (SCHAP) has been instrumental since 1986 in providing financial aid and support to senior citizens living in deteriorated housing, enabling them to maintain their homes, improve their living conditions, and avoid financial distress, displacement, or loss of independence. The foundation's mission is to empower self-help housing and community development initiatives throughout New York City via various program initiatives that focus on offering both short-term and long-term financing options.
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:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CATCH ADMIN FEES
Revenue
$496,425
PRI - INTEREST
Revenue
$28,349
Organization Details
Founding Year
1970
Phone
(212) 431-9700
Principal Officer
Kenneth Wray
Main Address
121 SIXTH AVE, NEW YORK, NY, 10013
Website
www.parodneckfoundation.org
NTEE Category
Code: L810 - Housing
If you are a representative of The Parodneck Foundation For Self-Help Housing & Community Development 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.