Overview
What is Spiti Housing Development Fund Company Inc?
Spiti Housing Development Fund Company Inc, located in Astoria, New York, is a nonprofit organization with a mission to provide housing solutions for elderly and handicapped individuals of low income. Established under Section 402 of the Not-For-Profit Corporation Law, their activities involve developing and operating rental housing projects. They accomplish this through construction, renovation, and non-profit sales, ensuring affordable housing options for their target demographic.
Official website here: www.hanac.com
Is Spiti Housing Development Fund Company Inc legitimate?
Spiti Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spiti 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: $0
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Official website here: www.hanac.com
What is the mission statement of Spiti Housing Development Fund Company Inc?
Spiti Housing Development Fund Company Inc's mission is centered around developing housing projects for elderly and handicapped individuals with low income. This is achieved through various means such as construction, renovation, and non-profit sales. The primary goal is to provide affordable housing solutions for this specific demographic, as outlined in Section 402 of the Not-For-Profit Corporation Law. The company's purpose is to construct and operate rental housing projects specifically for this group, aiming to make housing accessible and affordable for those in need.
Official website here: www.hanac.com
What is the revenue of Spiti Housing Development Fund Company Inc?
Spiti Housing Development Fund Company Inc's revenue in 2024 was $309,417.
Official website here: www.hanac.com
Who are the executives of Spiti Housing Development Fund Company Inc and what are their salaries?
There 6 volunteers at Spiti Housing Development Fund Company Inc.
Here are 8 key members and their salaries:
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- Related: $161,272
- Other: $21,421
- Compensation: $0
- Related: $161,647
- Other: $24,759
Official website here: www.hanac.com
Where can I find the form 990 for Spiti Housing Development Fund Company Inc?
Spiti Housing Development Fund Company Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.hanac.com
Learn more at the official website: www.hanac.com
Mission Statement of Spiti Housing Development Fund Company Inc
Spiti Housing Development Fund Company Inc, as a non-profit organization, is committed to developing housing projects primarily for the elderly and handicapped individuals of low income. Their mission, as outlined in Section 402 of the Not-For-Profit Corporation Law, is to construct and operate rental housing projects specifically tailored for this group of people. The company aims to provide housing solutions through various means such as construction, renovation, and non-profit sales. The ultimate goal is to offer affordable housing options to those in need, thereby enhancing their quality of life.
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Impact
October, 2024
Spiti Housing Development Fund Company Inc significantly impacts the community by focusing on the development of housing projects specifically designed for elderly and handicapped individuals with low income. By constructing, renovating, and facilitating the non-profit sale of housing units, the organization addresses a critical need for affordable and accessible living spaces for vulnerable populations.
In Astoria, NY, Spiti HDFC plays a vital role in enhancing the quality of life for these individuals, ensuring they have safe and stable housing, which is essential for their well-being. The organization’s commitment to upholding housing standards not only improves individual circumstances but also contributes to the overall health of the community by fostering inclusivity and support for those most in need. Through its efforts, Spiti HDFC not only provides shelter but also creates a sense of belonging and security for low-income elderly and handicapped residents.
This information is meant to be a general summary of Spiti 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Program Service Revenue: $309,417
- Gross Receipts: $309,417
Assets and Liabilities:
- Total Assets: $4,728,509
- Total Liabilities: $8,684
- Net Assets: $4,719,825
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON NOTE
Revenue
$210,365
CONTRACT SERVICES
Revenue
$99,052
Organization Details
Founding Year
1983
Principal Officer
Stacy Bliagos
Website
www.hanac.comNTEE Category
Code: L210 - Housing
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