Overview
What is Citizens For A Better Neighborhood Hdfc?
Citizens For A Better Neighborhood Hdfc is a nonprofit organization located in Brooklyn, New York (11206). Their primary mission is to support affordable housing for low-income individuals, specifically seniors. They achieve this by investing in a housing entity that provides residences to moderate to low-income seniors, who receive rental subsidies through the HUD Section 8 program. To further this cause, they have committed to financing an apartment complex of 100 units, as per the National Housing Act. The organization's aim is to contribute to the housing needs of the community, ensuring that seniors have access to suitable residences.
Is Citizens For A Better Neighborhood Hdfc legitimate?
Citizens For A Better Neighborhood Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Citizens For A Better Neighborhood Hdfc 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
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What is the mission statement of Citizens For A Better Neighborhood Hdfc?
Citizens For A Better Neighborhood Hdfc is dedicated to supporting low-income seniors by providing financing for an apartment complex comprising 100 units, in adherence to the National Housing Act. The organization achieves this by investing in an entity that offers affordable housing to moderate to low-income residents, who receive rental subsidies through the HUD Section 8 Program. By doing so, Citizens For A Better Neighborhood Hdfc contributes to providing housing solutions for those in need, thereby enhancing their living conditions. The organization's mission is focused on promoting affordable housing opportunities, especially for senior citizens who may be financially challenged.
Who is the CEO of Citizens For A Better Neighborhood Hdfc?
Scott Short is the Chairperson of Citizens For A Better Neighborhood Hdfc. The CEO's salary of Citizens For A Better Neighborhood Hdfc is $0 and their total compensation is $501,613.
What is the revenue of Citizens For A Better Neighborhood Hdfc?
Citizens For A Better Neighborhood Hdfc's revenue in 2022 was $0.
Who are the executives of Citizens For A Better Neighborhood Hdfc and what are their salaries?
There 16 volunteers at Citizens For A Better Neighborhood Hdfc.
Here are 19 key members and their salaries (Citizens For A Better Neighborhood Hdfc's CEO's salary is $0 and their total compensation is $501,613):
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- Related: $166,859
- Other: $12,630
Where can I find the form 990 for Citizens For A Better Neighborhood Hdfc?
Citizens For A Better Neighborhood Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Citizens For A Better Neighborhood Hdfc
Citizens For A Better Neighborhood Hdfc, a nonprofit organization, is committed to supporting low-income housing for seniors. Specifically, they provide financing for a 100-unit apartment complex under the National Housing Act. To achieve this, the organization invests in an entity that provides affordable housing to moderate to low-income residents who receive rent subsidies through the HUD Section 8 program. This investment, treated as a program-related investment, allows Citizens For A Better Neighborhood Hdfc to contribute to the provision of housing for those who are economically disadvantaged, thereby enhancing their living conditions.
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Impact
October, 2024
Citizens For A Better Neighborhood Hdfc significantly impacts the lives of low-income seniors by providing essential financing support for a 100-unit apartment complex in Brooklyn, NY. By facilitating low-income housing, the organization ensures that seniors have access to affordable living spaces.
Their approach involves holding a note treated as a program-related investment, which enables them to contribute to the sustainability of housing for residents who are qualified for rent subsidies through the HUD Section 8 program. This support not only aids in maintaining affordable housing options but also enhances the stability of the community by allowing seniors to live independently in a safe and supportive environment.
Overall, Citizens For A Better Neighborhood Hdfc plays a vital role in improving housing accessibility for vulnerable populations, addressing the pressing need for affordable senior housing in urban areas.
This information is meant to be a general summary of Citizens For A Better Neighborhood Hdfc. 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 2022.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1987
Phone
(718) 366-3800Principal Officer
Scott Short
Main Address
565 BUSHWICK AVENUE, BROOKLYN, NY, 11206
NTEE Category
Code: L20 - Housing
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