Overview
What is Livonia Housing Dev Fund Co Inc?
Livonia Housing Development Fund Co Inc is a charitable organization situated in Queens Village, New York. This nonprofit is committed to providing affordable housing options for individuals with limited income. It has obtained tax-exempt status under section 501(c)(3) of the Internal Revenue Service, enabling it to fulfill its mission without incurring tax liabilities. By offering low-income housing, Livonia Housing Development Fund Co Inc plays a significant role in enhancing the living conditions of its community members, thereby contributing positively to the local area.
Is Livonia Housing Dev Fund Co Inc legitimate?
Livonia Housing Dev Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Livonia Housing Dev Fund Co Inc 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 Livonia Housing Dev Fund Co Inc?
Livonia Housing Development Fund Company, a nonprofit organization, is dedicated to providing low-income housing. It operates under the exemption of taxation as a 501(c)(3) entity under the Internal Revenue Service (IRS), indicating its charitable status. The company's primary focus is on providing affordable housing solutions, aiming to cater to those in financial need. The organization's activities are geared towards this mission, contributing to the housing sector while fulfilling its charitable obligations.
What is the revenue of Livonia Housing Dev Fund Co Inc?
Livonia Housing Dev Fund Co Inc's revenue in 2022 was $228,935.
Who are the executives of Livonia Housing Dev Fund Co Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Livonia Housing Dev Fund Co Inc?
Livonia Housing Dev Fund Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Livonia Housing Dev Fund Co Inc
Livonia Housing Development Fund, a nonprofit organization, is dedicated to providing affordable housing for individuals with low income. This organization holds a special tax-exempt status under section 501(c)(3) of the Internal Revenue Service (IRS). Its primary mission is to offer housing solutions for those in need, thereby contributing to the betterment of the community. By providing low-income housing, Livonia Housing Development Fund plays a crucial role in ensuring that every individual has access to a decent place to live, regardless of their financial circumstances.
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Impact
October, 2024
Livonia Housing Dev Fund Co Inc plays a crucial role in addressing the housing needs of low-income individuals and families in Queens Village, NY. By providing affordable housing options, the organization helps ensure that vulnerable populations have access to safe and stable living conditions, which is vital for community well-being and individual success.
The impact of Livonia Housing extends beyond just providing shelter; it contributes to the overall stability and economic health of the community. Affordable housing enables residents to allocate their limited financial resources more effectively, supporting essential needs like education, healthcare, and food. Additionally, the presence of affordable housing can help to revitalize neighborhoods, attracting further investment and fostering a sense of community.
Furthermore, by being exempt from taxation, Livonia Housing can dedicate more resources toward housing development and management, enhancing their capacity to serve those in need. Through its mission, Livonia Housing Development Fund Co Inc is an essential player in the fight against housing insecurity, making a meaningful difference in the lives of many in Queens Village.
This information is meant to be a general summary of Livonia Housing Dev Fund Co Inc. 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: $231,985
- Gross Receipts: $231,985
Assets and Liabilities:
- Total Assets: $8,208,834
- Total Liabilities: $3,675
- Net Assets: $8,205,159
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Organization Details
Founding Year
1968
NTEE Category
Code: L20 - Housing
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