Overview
What is Prince Hall Housing Development Fund C/O Arco Management?
Prince Hall Housing Development Fund, in partnership with Arco Management, is a nonprofit organization based in New York City, specifically at 152 West 57th Street 18th Floor, New York, NY 10019. Their primary mission is to provide affordable housing for senior citizens and individuals with disabilities, primarily residing in the New York City area. They offer rental units as part of their service, ensuring that low-income individuals can maintain a comfortable living situation. The organization's activity or mission description emphasizes its dedication to providing low-income housing specifically for senior citizens, which aligns with its overall goal of improving living conditions for vulnerable populations.
Is Prince Hall Housing Development Fund C/O Arco Management legitimate?
Prince Hall Housing Development Fund C/O Arco Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prince Hall Housing Development Fund C/O Arco Management 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.
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What is the mission statement of Prince Hall Housing Development Fund C/O Arco Management?
Prince Hall Housing Development Fund, managed by Arco Management, is committed to providing low-income housing rental units specifically for senior citizens. Their mission is to ensure affordable living for this demographic, thereby contributing to their well-being. This is achieved through the financing of suitable housing complexes, such as the 98-unit apartment complex, which caters to low-income handicapped and senior citizens residing in urban areas. The organization's aim is to make housing a more accessible and affordable option for this vulnerable group.
Who is the CEO of Prince Hall Housing Development Fund C/O Arco Management?
Gregory Smith is the President of Prince Hall Housing Development Fund C/O Arco Management.
What is the revenue of Prince Hall Housing Development Fund C/O Arco Management?
Prince Hall Housing Development Fund C/O Arco Management's revenue in 2022 was $374,979.
Who are the executives of Prince Hall Housing Development Fund C/O Arco Management and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Prince Hall Housing Development Fund C/O Arco Management?
Prince Hall Housing Development Fund C/O Arco Management's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Prince Hall Housing Development Fund C/O Arco Management
Prince Hall Housing Development Fund C/O Arco Management is dedicated to providing low-income housing rental units specifically for senior citizens. Their primary mission is to ensure that elderly individuals, including those with disabilities, have access to suitable living accommodations in the New York City area. By securing financing for a 98-unit apartment complex, this organization is making a significant contribution to addressing the housing needs of this vulnerable population. By providing affordable and safe housing, Prince Hall Housing Development Fund C/O Arco Management is helping senior citizens maintain their independence and quality of life.
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Impact
October, 2024
Prince Hall Housing Development Fund C/O Arco Management significantly impacts the community by offering low-income housing rental units specifically tailored for senior citizens and individuals with disabilities in the New York City area. By providing seller financing for a 98-unit apartment complex, it ensures that these vulnerable populations have access to affordable and accessible living spaces. This initiative not only addresses the urgent need for affordable housing but also promotes stability and security for seniors and handicapped individuals, facilitating a more inclusive and supportive community. Additionally, by focusing on the housing needs of these demographics, the fund contributes to the overall well-being and quality of life for many residents in New York City.
This information is meant to be a general summary of Prince Hall Housing Development Fund C/O Arco Management. 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.
- Program Service Revenue: $374,979
- Gross Receipts: $374,979
Assets and Liabilities:
- Total Assets: $8,273,878
- Total Liabilities: $5,258
- Net Assets: $8,268,620
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$374,979
Organization Details
Founding Year
1983
Phone
(212) 765-7900Principal Officer
Gregory Smith
Main Address
152 WEST 57TH STREET 18TH FLOOR, NEW YORK, NY, 10019
NTEE Category
Code: L21Z - Housing
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