Overview
What is Fac Homeownership Housing Development Fund Corporation?
Fac Homeownership Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York. Their primary mission is to provide housing solutions for low-income individuals by owning and operating an apartment building in the area. The organization successfully occupied six apartments during the year, demonstrating its commitment to meeting the housing needs of its target demographic.
Is Fac Homeownership Housing Development Fund Corporation legitimate?
Fac Homeownership Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fac Homeownership 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 Fac Homeownership Housing Development Fund Corporation?
The Fac Homeownership Housing Development Fund Corporation's mission is centered around providing housing solutions. Specifically, the organization aims to own and manage an apartment building for individuals with low income. This initiative is carried out in an unspecified location, with the current capacity of the building accommodating six apartments. The corporation's primary objective is to serve qualified individuals in need of affordable housing.
Who is the CEO of Fac Homeownership Housing Development Fund Corporation?
Dany Cunningham is the President of Fac Homeownership Housing Development Fund Corporation.
What is the revenue of Fac Homeownership Housing Development Fund Corporation?
Fac Homeownership Housing Development Fund Corporation's revenue in 2023 was $102,573.
Who are the executives of Fac Homeownership Housing Development Fund Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $233,154
- Other: $10,691
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fac Homeownership Housing Development Fund Corporation?
Fac Homeownership Housing Development Fund Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Fac Homeownership Housing Development Fund Corporation
Fac Homeownership Housing Development Fund Corporation is an organization with a mission to serve qualified low-income individuals. Their primary objective is to own and manage an apartment building, providing affordable housing solutions within their capabilities. This mission is carried out in the Brooklyn, New York area, where they operate a building that can accommodate six apartments. During the year, these apartments were occupied, demonstrating the organization's commitment to fulfilling its mission. By providing affordable housing, Fac Homeownership Housing Development Fund Corporation contributes to the well-being of its community, ensuring that qualified low-income individuals have access to a safe and comfortable living space.
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Impact
October, 2024
Fac Homeownership Housing Development Fund Corporation plays a crucial role in addressing housing needs in Brooklyn, New York, by providing affordable housing for qualified low-income individuals. By owning and operating an apartment building with a capacity of six apartments, the organization creates stable living conditions for residents who might otherwise struggle to find affordable options in a challenging housing market. This initiative contributes to the overall well-being of the community, promoting social stability and helping to alleviate homelessness and housing insecurity for its occupants. The focused effort to support low-income individuals directly impacts the quality of life for residents and fosters a more inclusive neighborhood environment.
This information is meant to be a general summary of Fac Homeownership 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.
- Program Service Revenue: $71,578
- Gross Receipts: $102,573
Assets and Liabilities:
- Total Assets: $502,596
- Total Liabilities: $174,437
- Net Assets: $328,159
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$71,578
Organization Details
Founding Year
1998
Phone
(718) 237-2017Principal Officer
Dany Cunningham
Main Address
621 DEGRAW STREET, BROOKLYN, NY, 11217
NTEE Category
Code: L25 - Housing
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