Overview
What is Hcdc Housing Development Fund Company Inc?
Hcdc Housing Development Fund Company Inc is a nonprofit organization dedicated to addressing housing inadequacies in areas with a shortage of such facilities. Their primary focus is on assisting individuals of low income, providing them with subsidized loan closure costs as a means to facilitate housing project acquisition. By doing so, the company aims to contribute to improved living conditions for this demographic, thereby promoting social equity and community development.
Is Hcdc Housing Development Fund Company Inc legitimate?
Hcdc Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hcdc 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.
What is the mission statement of Hcdc Housing Development Fund Company Inc?
Hcdc Housing Development Fund Company Inc's mission is centered around addressing the housing needs of individuals with low income, especially in areas facing a scarcity of adequate housing. The organization carries out this mission by developing housing projects and offering financial assistance. Specifically, they subsidize loan closing costs for low-income individuals, making homeownership more accessible to this demographic. By doing so, Hcdc Housing Development Fund Company Inc contributes to the creation of more habitable living spaces and helps alleviate housing disparities.
Who is the CEO of Hcdc Housing Development Fund Company Inc?
Curtis L Archer is the President of Hcdc Housing Development Fund Company Inc.
What is the revenue of Hcdc Housing Development Fund Company Inc?
Hcdc Housing Development Fund Company Inc's revenue in 2022 was $70.
Who are the executives of Hcdc Housing Development Fund Company Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990EZ for Hcdc Housing Development Fund Company Inc?
Hcdc Housing Development Fund Company Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Hcdc Housing Development Fund Company Inc
HCDC Housing Development Fund Company Inc is dedicated to addressing the issue of inadequate housing for individuals of low income. The organization's mission is to develop housing projects in areas where such housing is scarce. To achieve this, HCDC implements programs that subsidize loan closing costs for those who fall within the low-income bracket. This initiative aims to make homeownership more accessible and affordable for these individuals, thereby contributing to their overall well-being. By focusing on housing development and financial assistance, HCDC Housing Development Fund Company Inc works towards improving living conditions and providing a stable environment for those who need it most.
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Impact
October, 2024
HCDC Housing Development Fund Company Inc significantly impacts communities by developing housing projects tailored for persons of low income, especially in areas where adequate housing is scarce. By focusing on these vulnerable populations, HCDC addresses critical housing shortages, creating more accessible living options for those in need.
One of the key initiatives involves subsidizing loan closing costs for low-income individuals, making homeownership more attainable. This financial support not only empowers individuals and families to secure stable housing but also fosters community growth by enhancing the overall quality of life in neighborhoods. Through its dedicated efforts, HCDC plays a crucial role in alleviating housing challenges and promoting economic equity in New York.
This information is meant to be a general summary of Hcdc 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 2022.
- Investment Income: $70
- Gross Receipts: $70
Assets and Liabilities:
- Total Assets: $491,146
- Total Liabilities: $0
- Net Assets: $491,146
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Organization Details
Phone
(212) 961-4100Principal Officer
Curtis L Archer
Main Address
163 WEST 125TH STREET 17TH FLOOR, NEW YORK, NY, 10027
NTEE Category
Code: L20 - Housing
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