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Mosholu Preservation Corporation

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

EIN: 133109387 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

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Overview

What is Mosholu Preservation Corporation?

Mosholu Preservation Corporation is a nonprofit organization located in the Bronx, New York, with the mission to combat community deterioration and provide affordable housing and economic development opportunities for the neighborhoods served by Montefiore's Academic Health System. To achieve this goal, they engage in various activities, such as acquiring, constructing, operating, and renting properties, rehabilitating and improving existing structures, and offering rental services. The organization's initiatives aim to promote economic development and enhance the overall quality of life in the community, in line with Montefiore's charitable healthcare mission. With a team of eight dedicated employees, Mosholu Preservation Corporation plays a crucial role in supporting the local community by providing affordable housing options and fostering economic growth.


Official website here: www.mpcbronx.org

Is Mosholu Preservation Corporation legitimate?

Mosholu Preservation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mosholu Preservation Corporation 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: $241,527
Professional Fundraising Fees: $0
Other Salaries and Wages: $237,910

For more financial information, click here


Official website here: www.mpcbronx.org

What is the mission statement of Mosholu Preservation Corporation?

The Mosholu Preservation Corporation was established with a mission to combat community deterioration and provide affordable housing and economic development opportunities in the areas served by the Montefiore Academic Health System. This initiative is in line with Montefiore's charitable healthcare mission to heal, teach, discover, and advance the health of the communities they serve. The corporation's primary goal is to support Montefiore by enhancing the living conditions and economic prospects of the local communities.


Official website here: www.mpcbronx.org

Who is the CEO of Mosholu Preservation Corporation?

Lewis Henkind is the Director/Chairman of Mosholu Preservation Corporation.


Official website here: www.mpcbronx.org

What is the revenue of Mosholu Preservation Corporation?

Mosholu Preservation Corporation's revenue in 2022 was $2,539,055.


Official website here: www.mpcbronx.org

Who are the executives of Mosholu Preservation Corporation and what are their salaries?

The average compensation at Mosholu Preservation Corporation during 2022 was $59,930. There are 8 employees at Mosholu Preservation Corporation.


Here are 11 key members and their salaries:


Edward Pfleging (Director)
  • Compensation: $0
  • Related: $1,085,621
  • Other: $262,210
Sheila E Mcgrath (Director/Secretary)
  • Compensation: $0
  • Related: $300,297
  • Other: $45,859
Christopher Vinci (Director/Treasurer)
  • Compensation: $0
  • Related: $243,190
  • Other: $38,715
Richard Chandler (Director (Resigned 2/22/22))
  • Compensation: $0
  • Related: $204,666
  • Other: $5,341
David Friedman (Director (Resigned 4/15/22))
  • Compensation: $0
  • Related: $112,153
  • Other: $15,345
Daniela Beasley (Director - Ex-Officio)
  • Compensation: $92,252
  • Related: $0
  • Other: $14,902
Jennifer L Tausig (Director (Resigned 8/12/22))
  • Compensation: $83,610
  • Related: $0
  • Other: $15,489
Christopher Nesterczuk (Director)
  • Compensation: $0
  • Related: $76,462
  • Other: $6,981
Lewis Henkind (Director/Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Brodie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doris Quinones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mpcbronx.org

Where can I find the form 990 for Mosholu Preservation Corporation?

Mosholu Preservation Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mpcbronx.org

Learn more at the official website: www.mpcbronx.org

Mission Statement of Mosholu Preservation Corporation

Mosholu Preservation Corporation, a nonprofit organization, was established with a mission to combat community deterioration and provide affordable housing and economic development opportunities in the areas served by the Montefiore Academic Health System. This mission is aligned with Montefiore's charitable healthcare mission, which encompasses healing, teaching, discovering, and advancing the health of the served communities.

In simpler terms, Mosholu Preservation Corporation aims to revitalize and enhance the living conditions of communities, ensuring that housing remains affordable for its residents. Moreover, the organization fosters economic growth by providing opportunities that empower local businesses and individuals within these communities. By doing so, Mosholu Preservation Corporation contributes to the overall improvement and well-being of the communities it serves.

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Impact




October, 2024

Mosholu Preservation Corporation significantly impacts the Bronx by addressing community deterioration and enhancing the quality of life for residents. Through its various rental operations, it focuses on providing affordable housing and fostering economic development opportunities. By acquiring, constructing, rehabilitating, and managing housing and related facilities, the organization promotes stability and growth in neighborhoods served by the Montefiore Academic Health System.

This initiative not only improves living conditions but also actively contributes to the broader mission of promoting health and well-being within the community. The focus on economic development creates avenues for residents to thrive, aligning with efforts to heal, teach, discover, and advance public health in the region. Overall, Mosholu Preservation Corporation plays a vital role in transforming the Bronx, making it a better place for current and future generations.




This information is meant to be a general summary of Mosholu Preservation Corporation. 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
$2,539,055 (2022)
Expenses
$2,810,116 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $99,623
  • Program Service Revenue: $2,042,492
  • Gross Receipts: $2,539,055

Assets and Liabilities:

  • Total Assets: $10,831,461
  • Total Liabilities: $944,836
  • Net Assets: $9,886,625

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Programs

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

RENTAL OF REHABILITATED BUILDINGS

Revenue

$2,042,974

NEWSPAPER REVENUE

Revenue

-$482

Organization Details

Founding Year

1981

Principal Officer

Lewis Henkind

Main Address

3400 Reservoir Oval East, Bronx, NY, 104673102

NTEE Category

Code: S200 - Community improvement

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