Overview
What is Asbury Terrace Housing Development Fund Co Inc?
Asbury Terrace Housing Development Fund Co Inc is a nonprofit organization situated in Elmsford, New York, with a primary focus on supporting 106 low-income housing units. Their activities are funded by the US Department of Housing and Urban Development under the Section 8 program. This program aims to provide affordable housing solutions for individuals who fall under the low-income bracket. The organization, with a team of five employees, is committed to this mission, ensuring the maintenance and upkeep of these housing units to promote comfortable living conditions for the residents.
Is Asbury Terrace Housing Development Fund Co Inc legitimate?
Asbury Terrace Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asbury Terrace Housing Development 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: $156,083
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What is the mission statement of Asbury Terrace Housing Development Fund Co Inc?
Asbury Terrace Housing Development Fund Co Inc's mission is centered around supporting 106 low-income housing units, funded by the U.S. Department of Housing and Urban Development under the Section 8 program. Their activities are geared towards providing affordable housing solutions for individuals in need. This organization's mission is instrumental in promoting housing stability and contributing to the well-being of its residents. The company's work is crucial in ensuring that low-income families have access to safe and decent housing, thereby improving their overall quality of life.
Who is the CEO of Asbury Terrace Housing Development Fund Co Inc?
Eugene F Conroy is the President of Asbury Terrace Housing Development Fund Co Inc.
What is the revenue of Asbury Terrace Housing Development Fund Co Inc?
Asbury Terrace Housing Development Fund Co Inc's revenue in 2020 was $1,699,218.
Who are the executives of Asbury Terrace Housing Development Fund Co Inc and what are their salaries?
The average compensation at Asbury Terrace Housing Development Fund Co Inc during 2020 was $31,217. There are 5 employees at Asbury Terrace Housing Development Fund Co Inc.
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Where can I find the form 990 for Asbury Terrace Housing Development Fund Co Inc?
Asbury Terrace Housing Development Fund Co Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Asbury Terrace Housing Development Fund Co Inc
Asbury Terrace Housing Development Fund Co Inc is dedicated to supporting 106 low-income housing units through the Section 8 program, an initiative overseen by the United States Department of Housing and Urban Development. This mission involves providing housing solutions for individuals and families in financial need, ensuring they have access to safe and comfortable living spaces. By participating in this program, Asbury Terrace Housing Development Fund Co Inc is contributing to the broader goal of promoting affordable housing and supporting vulnerable communities.
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Impact
October, 2024
Asbury Terrace Housing Development Fund Co Inc plays a significant role in providing affordable housing solutions by managing 106 low-income housing units supported by the U.S. Department of Housing and Urban Development under the Section 8 program. By ensuring the availability of these units in Elmsford, NY, the organization directly impacts the lives of families and individuals who are in need of affordable housing options.
This initiative helps alleviate housing insecurity, enabling residents to access stable living conditions and contribute positively to the community. The development not only fosters a sense of belonging and support among residents but also enhances the overall quality of life by offering affordable housing in a challenging economic landscape. Through its activities, the organization helps to create a more inclusive community, tackling issues of poverty and providing opportunities for residents to thrive.
This information is meant to be a general summary of Asbury Terrace Housing Development 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 2020.
- Investment Income: $1,199
- Program Service Revenue: $1,042,166
- Gross Receipts: $1,699,218
Assets and Liabilities:
- Total Assets: $4,314,390
- Total Liabilities: $474,679
- Net Assets: $3,839,711
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
other tenant charges
Revenue
$22,988
tenants rents
Revenue
$1,019,178
Organization Details
Founding Year
1968
Phone
(914) 592-5434Principal Officer
Eugene F Conroy
Main Address
5 WEST MAIN STREET, ELMSFORD, NY, 10523
NTEE Category
Code: L21Z - Housing
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