Overview
What is Housing Development Fund Co?
The Housing Development Fund Co, located in Suffern, New York, is a dedicated nonprofit organization. Its mission revolves around subsidizing the development, construction, and management of housing projects, aiming to make affordable housing options more accessible in the local community. By providing financial support, this organization plays a significant role in addressing the housing needs of the community, contributing to a more inclusive and equitable living environment.
Is Housing Development Fund Co legitimate?
Housing Development Fund Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development Fund Co 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 Housing Development Fund Co?
The Housing Development Fund, as its mission, focuses on subsidizing the development, construction, and management of housing projects. This is done with the primary aim of making housing more accessible and affordable for various communities. By providing financial assistance, the fund contributes to the creation of sustainable and inclusive housing solutions. The ultimate goal is to enhance living conditions and promote community development. The fund's activities may also include ongoing management to ensure the housing remains affordable and well-maintained.
What is the revenue of Housing Development Fund Co?
Housing Development Fund Co's revenue in 2023 was $240,491.
Who are the executives of Housing Development Fund Co and what are their salaries?
The average compensation at Housing Development Fund Co during 2023 was $24,019.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Housing Development Fund Co?
Housing Development Fund Co's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Housing Development Fund Co
The Housing Development Fund, as the name suggests, is committed to subsidizing housing development, construction, and management. Its mission is to contribute to the housing sector in a proactive manner, aiming to make housing more accessible and affordable. By subsidizing these processes, the organization aims to play a significant role in shaping and improving housing conditions within a specific community, without specifying which one. The Housing Development Fund's ultimate goal is to contribute positively to the housing landscape, ensuring that housing development, construction, and management are within reach for a broader population.
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Impact
October, 2024
Housing Development Fund Co has a significant impact on the community in Suffern, NY, by facilitating the development, construction, and management of subsidized housing. This initiative addresses the critical need for affordable housing in the area, providing residents with access to quality living spaces that may otherwise be financially out of reach. By focusing on housing subsidies, the Fund enhances the local economy through job creation in construction and property management while improving the overall quality of life for families and individuals. Its efforts contribute to a more inclusive community, fostering stability and security for those who benefit from affordable housing options.
This information is meant to be a general summary of Housing Development Fund Co. 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: $183,691
- Program Service Revenue: $56,800
- Gross Receipts: $240,491
Assets and Liabilities:
- Total Assets: $16,965,823
- Total Liabilities: $0
- Net Assets: $16,965,823
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$56,800
Organization Details
Founding Year
1985
Principal Officer
James Malcolm
NTEE Category
Code: L20 - Housing
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