Overview
What is New Rochelle Community Housing Development Corporation?
New Rochelle Community Housing Development Corporation is a nonprofit organization situated in New Rochelle, New York, specifically at 184 Union Avenue. Their primary mission is to provide affordable residential housing options to low-income individuals, particularly first-time homebuyers, in New Rochelle. They accomplish this by acquiring, building, and selling single-family homes, as well as leasing properties. Furthermore, they receive grants and provide financing to support their housing initiatives. The nonprofit's scope extends beyond New Rochelle, as they also focus on Westchester County, New York, to cater to the housing needs of its residents.
Is New Rochelle Community Housing Development Corporation legitimate?
New Rochelle Community Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Rochelle Community Housing Development Corporation 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 New Rochelle Community Housing Development Corporation?
The New Rochelle Community Housing Development Corporation is committed to providing affordable residential housing solutions. This organization undertakes various activities, including acquiring, constructing, leasing, and managing properties for residents in designated areas. Additionally, they offer grants, financing, and sell affordable single-family homes to low-income first-time homebuyers. Their mission aims to contribute to making housing accessible for those in need, thereby improving their living conditions.
Who is the CEO of New Rochelle Community Housing Development Corporation?
Charles Depasquale is the President of New Rochelle Community Housing Development Corporation.
What is the revenue of New Rochelle Community Housing Development Corporation?
New Rochelle Community Housing Development Corporation's revenue in 2022 was $275,251.
Who are the executives of New Rochelle Community Housing Development Corporation and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $195,062
- Other: $36,608
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Where can I find the form 990 for New Rochelle Community Housing Development Corporation?
New Rochelle Community Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Rochelle Community Housing Development Corporation
The New Rochelle Community Housing Development Corporation is committed to serving a significant purpose in the realm of affordable housing. Its primary mission involves owning, acquiring, constructing, and leasing affordable residential properties for individuals in need. This nonprofit organization focuses on providing housing solutions for low-income first-time homebuyers, extending its services to communities designated by the City Council of New Rochelle, New York. Additionally, the corporation offers grants, financing, and management services for these affordable housing units, ensuring that residents have access to comfortable and secure living spaces. The organization's objective is to make the dream of homeownership a reality for those who may not have had the opportunity otherwise.
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Impact
October, 2024
The New Rochelle Community Housing Development Corporation significantly influences the housing landscape by focusing on the acquisition, construction, and sale of affordable single-family homes for low-income first-time homebuyers in Westchester County. By directly addressing the needs of residents in New Rochelle, it enables access to homeownership for families who might otherwise find it unattainable due to economic barriers.
This initiative not only helps stabilize the community by fostering neighborhood growth and pride but also contributes to the economic vitality of the area by increasing property values and local investment. Through a dedicated mission that includes leasing and managing affordable residential housing, the organization stands as a crucial ally in combating housing insecurity and promoting equitable opportunities for homeownership in the region.
This information is meant to be a general summary of New Rochelle Community Housing Development Corporation. 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: $275,251
- Gross Receipts: $275,251
Assets and Liabilities:
- Total Assets: $2,326,193
- Total Liabilities: $427,622
- Net Assets: $1,898,571
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST EARNED ON NOT
Revenue
$275,251
Organization Details
Founding Year
1998
Phone
(914) 633-7092Principal Officer
Charles Depasquale
Main Address
184 UNION AVENUE, NEW ROCHELLE, NY, 10801
NTEE Category
Code: L20Z - Housing
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