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Webster Terrace Housing Development Fund Coinc

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

EIN: 112650864 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Webster Terrace Housing Development Fund Coinc?

Webster Terrace Housing Development Fund Coinc is a nonprofit organization situated in Brooklyn, New York. Their primary mission is to provide and manage subsidized multi-family housing for low-income senior citizens. They are dedicated to supporting an established not-for-profit organization engaged in housing development, contributing to the betterment of this specific demographic. Their headquarters can be found at 4006-18TH AVENUE, BROOKLYN, NY, 11218.

Is Webster Terrace Housing Development Fund Coinc legitimate?

Webster Terrace Housing Development Fund Coinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Webster Terrace Housing Development Fund Coinc 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 Webster Terrace Housing Development Fund Coinc?

The Webster Terrace Housing Development Fund's mission, in essence, is dedicated to providing and managing subsidized multi-family housing for low-income senior citizens. Their primary objective is to contribute to this cause through the operation of such housing facilities. The organization serves this mission by supporting a recognized not-for-profit organization engaged in housing development for this specific demographic.

Who is the CEO of Webster Terrace Housing Development Fund Coinc?

David Singer is the President of Webster Terrace Housing Development Fund Coinc.

What is the revenue of Webster Terrace Housing Development Fund Coinc?

Webster Terrace Housing Development Fund Coinc's revenue in 2022 was $216,980.

Who are the executives of Webster Terrace Housing Development Fund Coinc and what are their salaries?


Here are 2 key members and their salaries:


David Singer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Menachem Shayovich (V.P./Secy)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Webster Terrace Housing Development Fund Coinc?

Webster Terrace Housing Development Fund Coinc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Webster Terrace Housing Development Fund Coinc

Webster Terrace Housing Development Fund Coinc is an organization with a mission to provide and operate subsidized multi-family housing for low-income senior citizens. Their primary activity or purpose is centered around this mission, aiming to make housing more accessible for this specific demographic. The organization supports a recognized not-for-profit engaged in housing development for low-income senior citizens, demonstrating their commitment to this cause.

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Impact




October, 2024

Webster Terrace Housing Development Fund Coinc plays a crucial role in addressing the housing needs of low-income senior citizens in Brooklyn, NY. By providing and operating subsidized multi-family housing, the organization significantly enhances the quality of life for its residents, ensuring they have safe and affordable homes.

The impact is multifaceted; not only does it relieve financial burdens for seniors on fixed incomes, but it also fosters a supportive community environment. This initiative helps combat social isolation among older adults, promoting their well-being and encouraging social connections. Ultimately, Webster Terrace contributes to the stability and dignity of vulnerable populations, positively influencing the broader community by ensuring that seniors have access to essential living resources.




This information is meant to be a general summary of Webster Terrace Housing Development Fund Coinc. 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
$216,980 (2022)
Expenses
$162,753 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $216,980
  • Gross Receipts: $216,980

Assets and Liabilities:

  • Total Assets: $6,882,838
  • Total Liabilities: $155,000
  • Net Assets: $6,727,838

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Organization Details

Founding Year

1985

Principal Officer

David Singer

Main Address

4006-18TH AVENUE, BROOKLYN, NY, 11218

NTEE Category

Code: L21Z - Housing

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