Overview
What is 142 Ludlow Street Housing Development Fund Company Inc?
142 Ludlow Street Housing Development Fund Company Inc is a nonprofit organization that manages a government-assisted housing project. Situated in their premises, they offer 19 apartments to individuals who meet the criteria of being low-income and eligible for government assistance. In 2022, the organization successfully rented out these apartments to 28 qualified residents, providing them with suitable housing solutions. The primary mission of 142 Ludlow Street Housing Development Fund Company Inc is to contribute to the community by offering affordable housing options to those in need.
Is 142 Ludlow Street Housing Development Fund Company Inc legitimate?
142 Ludlow Street Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 142 Ludlow Street Housing Development Fund Company Inc submitted a form 990EZ, 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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What is the mission statement of 142 Ludlow Street Housing Development Fund Company Inc?
The 142 Ludlow Street Housing Development Fund Company Inc is dedicated to providing affordable housing for individuals categorized as low-income and eligible for government assistance. They manage a government-aided housing project, offering 19 apartment units. In the year 2022, the organization successfully rented out these units to 28 qualifying residents. While the company's primary focus is on housing, it plays a vital role in providing a home for those in need, thereby contributing to the community's social welfare.
What is the revenue of 142 Ludlow Street Housing Development Fund Company Inc?
142 Ludlow Street Housing Development Fund Company Inc's revenue in 2023 was $96,293.
Who are the executives of 142 Ludlow Street Housing Development Fund Company Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990EZ for 142 Ludlow Street Housing Development Fund Company Inc?
142 Ludlow Street Housing Development Fund Company Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of 142 Ludlow Street Housing Development Fund Company Inc
142 Ludlow Street Housing Development Fund Company Inc is dedicated to providing affordable housing solutions for individuals classified as low income and eligible for government assistance. Operating a government-assisted housing project, this organization offers 19 apartment units to qualified residents. In the year 2022, the company successfully rented out these units to 28 residents who met the required criteria. By providing these housing opportunities, 142 Ludlow Street Housing Development Fund Company Inc contributes to ensuring that individuals in need of affordable housing can secure a place to call home.
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Impact
October, 2024
142 Ludlow Street Housing Development Fund Company Inc has a significant impact on the community by providing essential housing assistance to low-income residents in New York. By operating a government-assisted housing project that includes 19 apartment units, the organization addresses the critical need for affordable housing in a city where such options are often limited. In 2022, the company successfully rented these units to 28 residents who met the eligibility criteria for low-income housing, demonstrating its capability to serve more individuals than the number of available apartments.
This initiative not only provides stable living situations for those who might otherwise struggle to find affordable housing, but it also fosters a sense of community and belonging among the residents. The existence of such projects helps combat housing insecurity and contributes to the overall well-being of individuals and families in the area. By ensuring that these residents have access to safe and affordable living conditions, 142 Ludlow Street Housing Development Fund Company Inc plays a crucial role in enhancing the quality of life and promoting socio-economic stability in New York.
This information is meant to be a general summary of 142 Ludlow Street 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 2023.
- Investment Income: $1
- Program Service Revenue: $96,292
- Gross Receipts: $96,293
Assets and Liabilities:
- Total Assets: $189,816
- Total Liabilities: $1,422,465
- Net Assets: -$1,232,649
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Organization Details
Principal Officer
Dr Aaron From
NTEE Category
Code: L21 - Housing
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