Overview
What is 55 Whipple St Housing Development Fund Corporation?
55 Whipple St Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 434 South 5th Street. Their primary mission is to develop, construct, own, operate, and manage a multifamily residential building, catering to the needs of low-income individuals and families. This building houses 51 units, providing a safe and affordable living space for its residents. The organization's purpose is to contribute positively to the community by offering housing solutions for those in need.
Is 55 Whipple St Housing Development Fund Corporation legitimate?
55 Whipple St Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. 55 Whipple St 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.
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What is the mission statement of 55 Whipple St Housing Development Fund Corporation?
The 55 Whipple St Housing Development Fund Corporation is established with the mission to develop, construct, own, operate, and manage a multifamily residential building. This building is designed to provide 51 residential units for low-income individuals and families. The organization's primary goal is to contribute to affordable housing, providing a place to live for those who may not otherwise be able to afford it. The corporation's activities are focused on creating and managing a residential space that caters to the needs of low-income individuals, aiming to improve their living conditions.
Who is the CEO of 55 Whipple St Housing Development Fund Corporation?
Juan Ramos is the Board Member of 55 Whipple St Housing Development Fund Corporation.
What is the revenue of 55 Whipple St Housing Development Fund Corporation?
55 Whipple St Housing Development Fund Corporation's revenue in 2022 was $646,956.
Who are the executives of 55 Whipple St Housing Development Fund Corporation and what are their salaries?
There 15 volunteers at 55 Whipple St Housing Development Fund Corporation.
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- Related: $131,594
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Where can I find the form 990 for 55 Whipple St Housing Development Fund Corporation?
55 Whipple St Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 55 Whipple St Housing Development Fund Corporation
The 55 Whipple St Housing Development Fund Corporation is dedicated to a mission that involves the development, construction, ownership, operation, and management of a multi-family residential building. This building is designed to accommodate 51 low-income individuals and families, providing them with a secure living space. The organization's purpose is to contribute to the housing needs of those who may not have the means to afford adequate housing otherwise. By managing this building, the corporation aims to offer a comfortable and supportive living environment for its residents.
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Impact
October, 2024
55 Whipple St Housing Development Fund Corporation plays a crucial role in addressing the housing needs of low-income individuals and families in Brooklyn, NY. By developing, constructing, owning, operating, and managing a multifamily residential building with 51 units, it provides affordable housing options that help stabilize the community. This initiative not only alleviates the housing crisis but also fosters a sense of belonging and security among residents.
The corporation's commitment to creating a supportive living environment contributes to the overall well-being of families and individuals, enabling them to thrive in their communities. Furthermore, by focusing on affordable housing, it promotes inclusivity and socio-economic diversity, essential for a healthy urban landscape. Overall, 55 Whipple St Housing Development Fund Corporation significantly impacts the accessibility of safe and affordable housing in the area.
This information is meant to be a general summary of 55 Whipple St 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 2022.
- Investment Income: $88,202
- Program Service Revenue: $550,245
- Gross Receipts: $646,956
Assets and Liabilities:
- Total Assets: $17,109,235
- Total Liabilities: $18,433,747
- Net Assets: -$1,324,512
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$550,245
Organization Details
Founding Year
1996
Phone
(718) 387-3600Principal Officer
Juan Ramos
Main Address
434 SOUTH 5TH ST, BROOKLYN, NY, 11211
NTEE Category
Code: L20 - Housing
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