Overview
What is 2216 Adams Place Hdfcinc?
2216 Adams Place Hdfcinc is a nonprofit organization located in Bronx, New York, with a focus on providing affordable housing opportunities for low and moderate-income families. The organization generates revenue primarily through rentals occupied by these families. The associated expenses include administrative fees, utilities, repair and maintenance, taxes, and insurance, ensuring the property's efficient operation and adherence to regulations. The organization's mission is to offer housing solutions for the community, contributing positively to their living conditions.
Official website here: www.belmontarthurldc.com
Is 2216 Adams Place Hdfcinc legitimate?
2216 Adams Place Hdfcinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 2216 Adams Place Hdfcinc 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: $0
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Official website here: www.belmontarthurldc.com
What is the mission statement of 2216 Adams Place Hdfcinc?
The mission of the organization, identified as 2216 Adams Place Hdfcinc, is centered around providing housing opportunities for individuals and families with low to moderate income. This mission is achieved by offering rental properties that cater to this income bracket, generating revenue through these rentals. The organization's activities also encompass managing associated expenses such as administrative fees, utilities, repairs and maintenance, taxes, and insurance, ensuring efficient operation and compliance with regulations. In essence, their mission is to make affordable housing accessible, contributing positively to the community.
Official website here: www.belmontarthurldc.com
Who is the CEO of 2216 Adams Place Hdfcinc?
Consolato Cicciu is the President of 2216 Adams Place Hdfcinc.
Official website here: www.belmontarthurldc.com
What is the revenue of 2216 Adams Place Hdfcinc?
2216 Adams Place Hdfcinc's revenue in 2022 was $293,206.
Official website here: www.belmontarthurldc.com
Who are the executives of 2216 Adams Place Hdfcinc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.belmontarthurldc.com
Where can I find the form 990 for 2216 Adams Place Hdfcinc?
2216 Adams Place Hdfcinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belmontarthurldc.com
Learn more at the official website: www.belmontarthurldc.com
Mission Statement of 2216 Adams Place Hdfcinc
2216 Adams Place Hdfcinc, a nonprofit organization, is committed to providing housing opportunities for individuals and families within the low-income and moderate-income brackets. The organization's mission is centered around creating a housing environment that is accessible and affordable for this demographic, thereby contributing to the community as a whole. The revenue for 2216 Adams Place Hdfcinc is primarily generated through low to moderate income family-subsidized rental payments, which occupy the property. The associated expenses, including administrative fees, utilities, repair and maintenance costs, taxes, and insurance, are necessary to maintain the property's efficiency and adherence to regulations. Overall, 2216 Adams Place Hdfcinc strives to provide affordable housing options, contributing to a more inclusive and equitable community.
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Impact
October, 2024
2216 Adams Place Hdfcinc plays a vital role in addressing housing needs within the Bronx, NY, by offering affordable housing opportunities for low to moderate-income families. By providing subsidized rentals, it enables individuals and families to access stable housing, which is crucial for their overall well-being and economic stability.
The organization generates its revenue primarily through rental income from these subsidized units, ensuring that its operations can be sustained while maintaining affordability for tenants. This model not only supports residents but also contributes to community stability by helping families secure safe and reliable housing.
Moreover, the entity invests in the necessary administrative processes, utility management, repairs, and maintenance, which are essential for the proper functioning of the housing facilities. By adhering to regulations and maintaining the quality of the housing stock, 2216 Adams Place Hdfcinc fosters an environment where residents can thrive, ultimately positively impacting the community as a whole.
This information is meant to be a general summary of 2216 Adams Place Hdfcinc. 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: $2,888
- Program Service Revenue: $290,318
- Gross Receipts: $293,206
Assets and Liabilities:
- Total Assets: $648,003
- Total Liabilities: $43,830
- Net Assets: $604,173
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS POTENTIAL RENT
Revenue
$290,712
SUPER RENT FREE UNIT
Revenue
$18,127
OTHER RENTAL INCOME
Revenue
$2,833
VACANCIES
Revenue
-$21,354
Organization Details
Founding Year
1995
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
Website
www.belmontarthurldc.comNTEE Category
Code: L21 - Housing
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