Overview
What is Cypress West Housing Development Fund Corporation?
Cypress West Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 625 Jamaica Avenue. Their primary mission is to provide and maintain affordable housing options for individuals and families of low income. They offer 39 residential units within their program, contributing significantly to the housing needs of the community in Brooklyn. The corporation's activities revolve around the upkeep and management of these affordable housing units, ensuring that they remain accessible and affordable for those who require them.
Is Cypress West Housing Development Fund Corporation legitimate?
Cypress West Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cypress West 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
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What is the mission statement of Cypress West Housing Development Fund Corporation?
The Cypress West Housing Development Fund Corporation's mission is centered around providing and maintaining affordable housing options for individuals and families of low income. This non-profit organization strives to make a significant impact in the housing sector, offering 39 residential units for rent. Their primary goal is to ensure that affordable housing remains accessible, thereby contributing to the well-being of the community.
What is the revenue of Cypress West Housing Development Fund Corporation?
Cypress West Housing Development Fund Corporation's revenue in 2023 was $410,888.
Who are the executives of Cypress West Housing Development Fund Corporation and what are their salaries?
There 7 volunteers at Cypress West Housing Development Fund Corporation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $184,429
- Other: $25,762
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $148,434
- Other: $6,786
Where can I find the form 990 for Cypress West Housing Development Fund Corporation?
Cypress West Housing Development Fund Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Cypress West Housing Development Fund Corporation
Cypress West Housing Development Fund Corporation is a dedicated organization with a mission to provide and maintain affordable housing for individuals and families of low income residing in Brooklyn, New York. Their primary goal is to ensure that housing remains accessible and affordable for those who may not be able to afford market rates. Through their affordable housing program, the corporation offers 39 residential units for rent, catering to the needs of the low-income community in Brooklyn. By providing these housing opportunities, Cypress West Housing Development Fund Corporation strives to contribute positively to the local community, ensuring that its residents have a stable living environment.
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Impact
October, 2024
Cypress West Housing Development Fund Corporation significantly impacts the community by providing and maintaining affordable housing for low-income individuals and families in Brooklyn, New York. With an affordable housing program that offers 39 residential units for rent, it addresses the critical need for accessible living spaces in a city where housing costs can be prohibitively high. This initiative not only enhances the quality of life for its residents by offering stable housing but also contributes to the overall economic and social well-being of the Brooklyn community by helping to reduce homelessness and housing instability.
This information is meant to be a general summary of Cypress West 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $5,047
- Program Service Revenue: $405,661
- Gross Receipts: $410,888
Assets and Liabilities:
- Total Assets: $1,734,313
- Total Liabilities: $2,819,430
- Net Assets: -$1,085,117
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$405,661
Organization Details
Founding Year
1996
Principal Officer
Michelle Neugebauer
NTEE Category
Code: L21 - Housing
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