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2249 Webster Avenue Hdfcinc

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

EIN: 133810911 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

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Overview

What is 2249 Webster Avenue Hdfcinc?

2249 Webster Avenue Hdfcinc is a nonprofit organization situated in the Bronx, New York, specifically at 660 East 183rd Street, ZIP Code 10458. Their primary mission is to offer affordable housing opportunities for the local community, catering to families with low to moderate incomes. To sustain their activities, they generate income primarily through rent collected from these residents. The associated expenses cover necessary costs like administrative fees, utility bills, maintenance and repair work, taxes, and insurance, ensuring the property is efficiently operated and adheres to regulations.


Official website here: www.belmontarthurldc.com

Is 2249 Webster Avenue Hdfcinc legitimate?

2249 Webster Avenue Hdfcinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 2249 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 2249 Webster Avenue Hdfcinc?

The mission of this organization, whose name is not explicitly stated in the provided information, is centered around providing housing opportunities for individuals with low to moderate incomes. By offering subsidized rentals, they aim to make housing more accessible within their community. Revenues are primarily generated through these rental income streams. The associated expenses cover necessary costs such as administrative fees, utilities, repairs and maintenance, taxes, and insurance, enabling the organization to efficiently operate and adhere to regulations.


Official website here: www.belmontarthurldc.com

Who is the CEO of 2249 Webster Avenue Hdfcinc?

Consolato Cicciu is the President of 2249 Webster Avenue Hdfcinc.


Official website here: www.belmontarthurldc.com

What is the revenue of 2249 Webster Avenue Hdfcinc?

2249 Webster Avenue Hdfcinc's revenue in 2022 was $329,145.


Official website here: www.belmontarthurldc.com

Who are the executives of 2249 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 2249 Webster Avenue Hdfcinc?

2249 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 2249 Webster Avenue Hdfcinc

2249 Webster Avenue Hdfcinc, a nonprofit organization, is dedicated to providing affordable housing opportunities for low-income and moderate-income families within the community. Its primary mission is to offer suitable living spaces that cater to this income bracket, ensuring that a diverse range of individuals can secure a place to call home. The organization generates revenue through family-subsidized rentals occupying the property, with the associated expenses covering necessary expenses such as administrative fees, utilities, repairs and maintenance, taxes, and insurance. This strategic approach allows 2249 Webster Avenue Hdfcinc to operate efficiently while adhering to regulations, thereby providing affordable housing solutions for the community.

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Impact




October, 2024

2249 Webster Avenue Hdfcinc significantly impacts the Bronx community by providing low to moderate income housing opportunities, addressing a critical need for affordable living spaces. By generating revenues primarily through subsidized rentals, the organization supports families who may struggle to afford housing in an increasingly expensive market. This initiative not only helps stabilize the living situations of residents but also fosters a sense of community and belonging.

The operations are sustained through the rental income, which allows for the effective management of associated expenses, including administrative fees, utilities, maintenance, taxes, and insurance. This operational model ensures that the property is maintained to code and provides a safe living environment for tenants. Additionally, by focusing on low to moderate income households, 2249 Webster Avenue Hdfcinc plays a vital role in promoting economic diversity within the neighborhood and contributing to the overall well-being of the community.




This information is meant to be a general summary of 2249 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
$329,145 (2022)
Expenses
$337,177 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,225
  • Program Service Revenue: $324,920
  • Gross Receipts: $329,145

Assets and Liabilities:

  • Total Assets: $729,723
  • Total Liabilities: $61,377
  • Net Assets: $668,346

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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

$339,962

OTHER RENTAL INCOME

Revenue

$4,869

VACANCIES

Revenue

-$19,911

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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