Overview
What is Dendurgenesis Ii Housing Development Fund Corporation?
Dendurgenesis II Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 504 WEST 126TH STREET 1A, New York, NY 10027. Their primary mission is to provide affordable housing solutions for individuals within the community who might not have the means to secure housing otherwise. The organization owns and manages a multifamily housing project, catering specifically to low-income residents, and operates on a not-for-profit basis, demonstrating their commitment to the well-being of their residents.
Is Dendurgenesis Ii Housing Development Fund Corporation legitimate?
Dendurgenesis Ii Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dendurgenesis Ii Housing Development Fund 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,800
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What is the mission statement of Dendurgenesis Ii Housing Development Fund Corporation?
Dendurgenesis II Housing Development Fund Corporation is committed to providing affordable housing solutions for the community's low-income residents. The organization owns and manages a multifamily housing project with the primary objective of offering accommodation on a not-for-profit basis. Dedicated to serving its community, Dendurgenesis II HDFC has successfully developed a low-income housing project, ensuring that those who cannot afford housing otherwise have a place to call home. The corporation continues to operate and provide these housing facilities, upholding its non-profit mission.
Who is the CEO of Dendurgenesis Ii Housing Development Fund Corporation?
Donald Clayton is the President of Dendurgenesis Ii Housing Development Fund Corporation.
What is the revenue of Dendurgenesis Ii Housing Development Fund Corporation?
Dendurgenesis Ii Housing Development Fund Corporation's revenue in 2022 was $241,085.
Who are the executives of Dendurgenesis Ii Housing Development Fund Corporation and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Dendurgenesis Ii Housing Development Fund Corporation?
Dendurgenesis Ii Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dendurgenesis Ii Housing Development Fund Corporation
Dendurgenesis II Housing Development Fund Corporation is committed to providing affordable housing to the community's less fortunate residents. They have successfully developed a low-income housing project, ensuring that individuals who would otherwise struggle to afford housing have a place to call home. The organization's mission is centered around operating and maintaining this housing project on a not-for-profit basis. Dendurgenesis II HDFC is deeply dedicated to serving its residents and is committed to continuing this mission, ensuring that the need for affordable housing in the community is met.
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Impact
October, 2024
Dendurgenesis II Housing Development Fund Corporation plays a crucial role in addressing the pressing need for affordable housing in New York City. By owning and operating a multifamily housing project specifically designed for low-income individuals and families, the organization significantly alleviates the housing crisis for those who might otherwise struggle to find suitable accommodations.
Its commitment to developing and maintaining low-income housing ensures that vulnerable populations have access to safe and stable living conditions. This not only enhances the quality of life for residents but also fosters a sense of community and belonging. The organization's ongoing dedication to its mission contributes to social stability, allowing residents to focus on other important aspects of their lives, such as education and employment.
Moreover, Dendurgenesis II HDFC’s operations influence the broader housing market by setting a precedent for affordable housing initiatives. By prioritizing low-income housing on a not-for-profit basis, it exemplifies a sustainable model that could inspire similar efforts in other cities, ultimately contributing to a more equitable housing landscape.
This information is meant to be a general summary of Dendurgenesis Ii Housing Development Fund 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.
- Investment Income: $1,196
- Program Service Revenue: $234,681
- Gross Receipts: $241,085
Assets and Liabilities:
- Total Assets: $605,453
- Total Liabilities: $1,958,172
- Net Assets: -$1,352,719
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL REVENUE
Revenue
$182,388
TENANT ASSISTANCE PAYM
Revenue
$52,293
Organization Details
Founding Year
1994
Phone
(212) 665-4256Principal Officer
Donald Clayton
Main Address
504 WEST 126TH STREET 1A, NEW YORK, NY, 10027
NTEE Category
Code: L21 - Housing
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