Overview
What is Ndr Group Inc?
Ndr Group Inc is a nonprofit organization situated in New Rochelle, New York, specifically at 184 Union Avenue. Its primary mission involves owning, acquiring, constructing, leasing, and managing affordable residential housing for residents residing in designated areas, as determined by the City Council of New Rochelle, New York. The organization currently manages two properties with a total of 282 units, catering to both low-income families and senior citizens. With a workforce of 11 individuals, Ndr Group Inc plays a significant role in providing housing solutions for the local community.
Is Ndr Group Inc legitimate?
Ndr Group Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Ndr Group 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 Ndr Group Inc?
Ndr Group Inc's mission is centered around providing affordable residential housing for residents in designated areas. The organization primarily focuses on acquiring, constructing, leasing, and managing residential properties to cater to the needs of low-income families and seniors. They have developed and manage two such complexes, comprising 180 units for low-income families and 102 units for low-income senior housing. The organization's mission aims to contribute positively to the housing needs of these specific communities.
Who is the CEO of Ndr Group Inc?
Charles Depasquale is the President of Ndr Group Inc.
What is the revenue of Ndr Group Inc?
Ndr Group Inc's revenue in 2022 was $555,851.
Who are the executives of Ndr Group Inc and what are their salaries?
There are 11 employees at Ndr Group Inc.
Here are 6 key members and their salaries:
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- Other: $0
- Compensation: $195,062
- Related: $0
- Other: $36,608
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- Compensation: $137,754
- Related: $0
- Other: $9,350
Where can I find the form 990 for Ndr Group Inc?
Ndr Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ndr Group Inc
Ndr Group Inc, a nonprofit organization, is dedicated to owning, acquiring, constructing, leasing, and managing affordable residential housing for residents in specified areas. Their mission is to provide affordable housing solutions for families and senior citizens, ensuring that they have access to suitable living spaces. Through their initiatives, Ndr Group Inc develops and manages two significant housing complexes: a 180-unit low-income family housing complex and a 102-unit low-income senior housing property. The organization's mission aligns with the goal of providing affordable housing options to individuals who may not have access to such opportunities otherwise. This commitment to affordable housing is a vital contribution to the well-being of various communities, enabling families and seniors to maintain stable living environments.
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Impact
October, 2024
Ndr Group Inc plays a crucial role in addressing housing challenges in New Rochelle, New York, by focusing on the ownership, acquisition, construction, leasing, and management of affordable residential housing. The organization's impact is particularly notable through its development of a 180-unit low-income family housing complex and a 102-unit low-income senior housing property.
By providing affordable housing options, Ndr Group Inc contributes to the stability and well-being of low-income families and seniors in the community. The organization enhances residents’ quality of life, enabling them to thrive in an environment that fosters community engagement and support. Additionally, by responding to the needs identified by the City Council, Ndr Group Inc aligns its efforts with local priorities, ensuring that its developments meet the specific needs of the area.
Overall, Ndr Group Inc is instrumental in promoting housing equity and improving living conditions for vulnerable populations in New Rochelle, underscoring the importance of accessible housing in fostering a diverse and inclusive community.
This information is meant to be a general summary of Ndr Group 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: $15,839
- Program Service Revenue: $540,012
- Gross Receipts: $555,851
Assets and Liabilities:
- Total Assets: $18,543,211
- Total Liabilities: $11,145
- Net Assets: $18,532,066
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST EARNED ON NOT
Revenue
$335,940
MANAGEMENT FEES
Revenue
$204,072
Organization Details
Founding Year
1979
Phone
(914) 633-7092Principal Officer
Charles Depasquale
Main Address
184 UNION AVENUE, NEW ROCHELLE, NY, 10801
NTEE Category
Code: L21 - Housing
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