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Chinatown Planning Council Housing Development Fund Company Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133020595 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Chinatown Planning Council Housing Development Fund Company Inc?

Chinatown Planning Council Housing Development Fund Company Inc is a nonprofit organization situated in New York City, specifically at 150 Elizabeth Street, New York, NY 10012. Their primary mission is to provide affordable housing for low-income senior citizens. They accomplish this by owning and managing a 156-unit apartment building located at 50 Norfolk Street, New York, New York. The organization adheres to HUD guidelines to ensure that only eligible senior citizens can reside in these units.

Is Chinatown Planning Council Housing Development Fund Company Inc legitimate?

Chinatown Planning Council Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chinatown Planning Council Housing Development Fund Company 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: $237,873

For more financial information, click here

What is the mission statement of Chinatown Planning Council Housing Development Fund Company Inc?

The Chinatown Planning Council Housing Development Fund Company Inc is dedicated to providing affordable housing for low-income senior citizens. They accomplish this by operating an apartment building where units are exclusively rented to senior citizens who meet HUD guidelines. The organization's primary focus is on ensuring that elderly individuals in need of housing have access to suitable living spaces. Their mission is centered around providing a safe and comfortable living environment for senior citizens, empowering them to maintain their independence and dignity. The company's apartment building, located at 50 Norfolk Street, New York, New York, is a testament to their commitment to this cause.

Who is the CEO of Chinatown Planning Council Housing Development Fund Company Inc?

Wayne Ho is the Director (Outgoing) of Chinatown Planning Council Housing Development Fund Company Inc. The CEO's salary of Chinatown Planning Council Housing Development Fund Company Inc is $0 and their total compensation is $282,846.

What is the revenue of Chinatown Planning Council Housing Development Fund Company Inc?

Chinatown Planning Council Housing Development Fund Company Inc's revenue in 2022 was $404,609.

Who are the executives of Chinatown Planning Council Housing Development Fund Company Inc and what are their salaries?

There 7 volunteers at Chinatown Planning Council Housing Development Fund Company Inc.


Here are 16 key members and their salaries (Chinatown Planning Council Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $282,846):


Allen Cohen (Director (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0
Calvin Chin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chester Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddie Mo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Flora Si (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Chin (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Lau (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rita Kurniawan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Veronica Tsang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan J Gerson (General Counsel)
  • Compensation: $0
  • Related: $105,486
  • Other: $10,066
Anthony Fullington (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Brake (Treasurer (Outgoing))
  • Compensation: $0
  • Related: $157,158
  • Other: $8,225
Judy Ahyune (Vice President)
  • Compensation: $0
  • Related: $110,600
  • Other: $21,770
Lillian Jielian Zhao (Controller)
  • Compensation: $0
  • Related: $128,650
  • Other: $21,770
Steven Yip (Secretary (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Ho (President & Ceo)
  • Compensation: $0
  • Related: $261,076
  • Other: $21,770
Where can I find the form 990 for Chinatown Planning Council Housing Development Fund Company Inc?

Chinatown Planning Council Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Chinatown Planning Council Housing Development Fund Company Inc

Chinatown Planning Council Housing Development Fund Company Inc is an organization dedicated to providing affordable housing for low-income senior citizens. At the heart of its mission, the company operates an apartment building, housing senior residents who meet the requirements set by the HUD guidelines. By offering exclusive rental units within this building, Chinatown Planning Council Housing Development Fund Company Inc aims to contribute to the well-being of this specific demographic, ensuring they have access to safe, affordable housing. Through its commitment to this cause, the organization plays a crucial role in improving the living conditions and overall quality of life for senior citizens in need.

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Impact




October, 2024

Chinatown Planning Council Housing Development Fund Company Inc significantly impacts the community by providing affordable housing specifically for low-income senior citizens in New York City. By owning and operating a 156-unit apartment building at 50 Norfolk Street, it ensures that vulnerable seniors have access to safe and stable living conditions. The organization adheres to HUD guidelines, which helps to maintain affordability and accessibility for those who qualify. This dedicated approach not only meets housing needs but also fosters a sense of community among residents, enhancing their quality of life and promoting dignity during the later stages of life.




This information is meant to be a general summary of Chinatown Planning Council Housing Development Fund Company 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.

Revenue
$404,609 (2022)
Expenses
$1,715,816 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$3,949,688
  • Program Service Revenue: $1,359,665
  • Gross Receipts: $20,354,917

Assets and Liabilities:

  • Total Assets: $443,630
  • Total Liabilities: $57,430
  • Net Assets: $386,200

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$1,359,665

Organization Details

Founding Year

1979

Principal Officer

Wayne Ho

Main Address

150 ELIZABETH STREET, NEW YORK, NY, 10012

NTEE Category

Code: L20Z - Housing

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