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2246 Webster Avenue Hdfcinc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133810908 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

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Overview

What is 2246 Webster Avenue Hdfcinc?

2246 Webster Avenue Hdfcinc is a nonprofit organization situated in Bronx, New York, primarily focused on providing low-income and moderate-income housing opportunities for the local community. It generates revenue through the rental income derived from families living in these subsidized units. The organization manages the property's operations efficiently by covering necessary expenses such as administrative fees, utilities, repairs, maintenance, taxes, and insurance. By doing so, 2246 Webster Avenue Hdfcinc contributes to the community by making affordable housing available.


Official website here: www.belmontarthurldc.com

Is 2246 Webster Avenue Hdfcinc legitimate?

2246 Webster Avenue Hdfcinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 2246 Webster Avenue 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

For more financial information, click here


Official website here: www.belmontarthurldc.com

What is the mission statement of 2246 Webster Avenue Hdfcinc?

2246 Webster Avenue Hdfcinc's mission is centered around providing affordable housing opportunities for individuals and families with low to moderate incomes. This organization strives to make a meaningful impact on its community by offering such housing solutions. The revenues generated primarily come from the rental income derived from these residences. The associated expenses include administrative fees, utilities, repairs and maintenance, taxes, and insurance, all necessary components to efficiently operate the premises and adhere to regulations.


Official website here: www.belmontarthurldc.com

Who is the CEO of 2246 Webster Avenue Hdfcinc?

Consolato Cicciu is the President of 2246 Webster Avenue Hdfcinc.


Official website here: www.belmontarthurldc.com

What is the revenue of 2246 Webster Avenue Hdfcinc?

2246 Webster Avenue Hdfcinc's revenue in 2022 was $308,800.


Official website here: www.belmontarthurldc.com

Who are the executives of 2246 Webster Avenue Hdfcinc and what are their salaries?


Here are 3 key members and their salaries:


Paul Fracassi (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cecilia Ferro (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Consolato Cicciu (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.belmontarthurldc.com

Where can I find the form 990 for 2246 Webster Avenue Hdfcinc?

2246 Webster Avenue 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 2246 Webster Avenue Hdfcinc

2246 Webster Avenue Hdfcinc is committed to providing affordable housing opportunities for individuals and families with moderate to low incomes. The nonprofit organization generates revenue through the rental of properties to these families, thereby primarily deriving income from these rentals. The associated expenses include administrative fees, utilities, repairs and maintenance, as well as taxes and insurance, all necessary components to efficiently operate the premises and adhere to regulations. In essence, 2246 Webster Avenue Hdfcinc serves as a vital resource for low-income families, providing them with a stable living environment while ensuring the property's efficient operation and compliance with regulations.

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Impact




October, 2024

2246 Webster Avenue Hdfcinc plays a vital role in addressing housing needs in the Bronx, NY, by providing low- to moderate-income housing opportunities for the community. By generating revenue primarily through subsidized rentals, the organization ensures that affordable housing is accessible to families who might otherwise struggle to find safe and stable living conditions.

The impact of 2246 Webster Avenue Hdfcinc extends beyond merely offering a roof over people's heads. It contributes to the community's economic stability by allowing families to allocate their limited resources more effectively, promoting financial security, and reducing the risk of homelessness. Furthermore, the properties are maintained through diligent management, which includes covering necessary operational expenses such as utilities, repairs, and insurance. This commitment to upkeep not only ensures a safe living environment but also supports neighborhood revitalization efforts.

In summary, 2246 Webster Avenue Hdfcinc significantly enhances the quality of life for residents in the Bronx by fostering affordable housing solutions that empower individuals and families within the community.




This information is meant to be a general summary of 2246 Webster Avenue 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.

Revenue
$308,800 (2022)
Expenses
$289,969 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $100
  • Program Service Revenue: $308,700
  • Gross Receipts: $308,800

Assets and Liabilities:

  • Total Assets: $864,247
  • Total Liabilities: $62,260
  • Net Assets: $801,987

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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

$288,271

SUPER RENT FREE UNIT

Revenue

$23,650

OTHER RENTAL INCOME

Revenue

$3,154

VACANCIES

Revenue

-$6,375

Organization Details

Founding Year

1995

Principal Officer

Consolato Cicciu

Main Address

660 EAST 183RD STREET, BRONX, NY, 10458

NTEE Category

Code: L20 - Housing

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