Overview
What is Fairmont Place Housing Development Fund Corporation?
Fairmont Place Housing Development Fund Corporation is a nonprofit organization located in the South Bronx, New York, specifically at 1954 Vyse Avenue. Their primary mission is to provide safe, clean, and affordable housing for low-income families residing in the area. Beyond housing, they also offer quality social services to the community's lower and moderate-income families, aiming to enhance their living conditions and overall well-being.
Is Fairmont Place Housing Development Fund Corporation legitimate?
Fairmont Place Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairmont Place 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: $33,667
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What is the mission statement of Fairmont Place Housing Development Fund Corporation?
The Fairmont Place Housing Development Fund Corporation's mission is centered around providing high-quality housing and social services to families with modest incomes. Their primary goal is to cater to this demographic, specifically located in the South Bronx, New York. They strive to offer safe, clean, and economical housing as their key service. Their mission extends beyond just housing, as they also aim to contribute to the overall well-being of these families through social services.
Who is the CEO of Fairmont Place Housing Development Fund Corporation?
Valerie Torres is the Chair of Fairmont Place Housing Development Fund Corporation.
What is the revenue of Fairmont Place Housing Development Fund Corporation?
Fairmont Place Housing Development Fund Corporation's revenue in 2022 was $236,032.
Who are the executives of Fairmont Place Housing Development Fund Corporation and what are their salaries?
Here are 8 key members and their salaries:
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- Related: $153,077
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- Related: $111,923
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Where can I find the form 990 for Fairmont Place Housing Development Fund Corporation?
Fairmont Place Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fairmont Place Housing Development Fund Corporation
Fairmont Place Housing Development Fund Corporation is committed to providing high-quality housing and social services to the low and moderate-income families residing in various communities. The organization's primary mission is to ensure that these families have access to safe, clean, and affordable housing, thereby improving their overall living standards. By offering such essential services, Fairmont Place aims to contribute positively to the well-being and socioeconomic growth of these families. In essence, the corporation serves as a beacon of hope and support, empowering these families to overcome economic challenges and build a better future for themselves.
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Impact
October, 2024
Fairmont Place Housing Development Fund Corporation significantly enhances the quality of life for low and moderate-income families in the South Bronx, NY, by providing safe, clean, and affordable housing options. Its efforts focus on creating stable living environments that foster community well-being.
Moreover, the organization offers essential social services that address various needs of residents, empowering them to improve their circumstances. This comprehensive approach not only addresses immediate housing concerns but also promotes long-term stability and self-sufficiency within the community. By concentrating on both housing and social support, Fairmont Place plays a crucial role in revitalizing neighborhoods and fostering a sense of belonging among families in the South Bronx.
This information is meant to be a general summary of Fairmont Place 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: $1,687
- Program Service Revenue: $234,345
- Gross Receipts: $236,032
Assets and Liabilities:
- Total Assets: $510,727
- Total Liabilities: $71,660
- Net Assets: $439,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$234,345
Organization Details
Founding Year
1995
Phone
(718) 842-6440Principal Officer
Valerie Torres
Main Address
1954 VYSE AVENUE, BRONX, NY, 10460
NTEE Category
Code: L20Z - Housing
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