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St Barnabas Housing Development Fund Company Inc

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

EIN: 133434410 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

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Overview

What is St Barnabas Housing Development Fund Company Inc?

St. Barnabas Housing Development Fund Company Inc., situated in Bronx, New York, serves as a nonprofit organization dedicated to providing subsidized housing solutions for the elderly and individuals with disabilities. In line with Section 202 of the Federal Housing Act of 1959, the company offers housing opportunities to cater to their specific needs. With a modest team of five employees, St. Barnabas Housing Development Fund Company Inc. contributes to the community by ensuring safe and affordable living spaces for those who require support.

Is St Barnabas Housing Development Fund Company Inc legitimate?

St Barnabas Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Barnabas 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: $127,403

For more financial information, click here

What is the mission statement of St Barnabas Housing Development Fund Company Inc?

St. Barnabas Housing Development Fund Company Inc is committed to providing housing for the elderly and individuals with disabilities, in line with Section 202 of the Federal Housing Act of 1959. Their mission is to ensure that these vulnerable groups have access to subsidized housing, thereby enhancing their living conditions and promoting their overall well-being. The company's activities are centered around providing suitable housing solutions that cater to the unique needs of the elderly and disabled population, thereby contributing to their independence and improved quality of life.

Who is the CEO of St Barnabas Housing Development Fund Company Inc?

Salvatore Gigante is the Vice Chair/C of St Barnabas Housing Development Fund Company Inc.

What is the revenue of St Barnabas Housing Development Fund Company Inc?

St Barnabas Housing Development Fund Company Inc's revenue in 2022 was $1,845,253.

Who are the executives of St Barnabas Housing Development Fund Company Inc and what are their salaries?

The average compensation at St Barnabas Housing Development Fund Company Inc during 2022 was $25,481. There are 5 employees at St Barnabas Housing Development Fund Company Inc.


Here are 4 key members and their salaries:


Salvatore Gigante (Vice Chair/C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Grochowski (Secretary/Di)
  • Compensation: $0
  • Related: $0
  • Other: $0
Irene Kaufman (Treasurer/Di)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Appelbaum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for St Barnabas Housing Development Fund Company Inc?

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

Mission Statement of St Barnabas Housing Development Fund Company Inc

St. Barnabas Housing Development Fund Company Inc is dedicated to providing housing solutions for the elderly and individuals with disabilities. Drawing from Section 202 of the Federal Housing Act of 1959, this nonprofit organization offers subsidized housing options to cater to the unique needs of this population. By providing housing under this act, St. Barnabas Housing Development Fund Company Inc plays a significant role in ensuring that these individuals have access to safe and affordable living spaces. This mission is crucial in promoting the well-being and independence of the elderly and handicapped, enabling them to maintain a high quality of life.

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Impact




August, 2024

St Barnabas Housing Development Fund Company Inc's impact lies in its provision of subsidized housing for the elderly and handicapped under Section 202 of the Federal Housing Act. By offering affordable and accessible housing options, this organization supports vulnerable populations in maintaining their independence and quality of life. In doing so, St Barnabas contributes to creating a more inclusive and supportive community for those in need in the Bronx, NY area.




This information is meant to be a general summary of St Barnabas 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
$1,845,253 (2022)
Expenses
$1,767,540 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $514
  • Program Service Revenue: $1,844,739
  • Gross Receipts: $1,845,253

Assets and Liabilities:

  • Total Assets: $3,531,216
  • Total Liabilities: $8,902,051
  • Net Assets: -$5,370,835

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Programs

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

RENTAL INCOME

Revenue

$1,625,623

SECT 8 SER COOR

Revenue

$219,116

Organization Details

Founding Year

1987

Principal Officer

Salvatore Gigante

Main Address

429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY, 10455

NTEE Category

Code: L200 - Housing

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