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Margarita Santos Housing Development Fund Corporation

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

EIN: 133819618 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

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Overview

What is Margarita Santos Housing Development Fund Corporation?

Margarita Santos Housing Development Fund Corporation, located in the Bronx, New York, is a nonprofit organization dedicated to providing affordable housing solutions for low-income families. Their mission is multifaceted, encompassing not only the provision of safe and clean living spaces but also offering essential social services. Their primary objective is to offer low-cost housing to families in need, aiming to improve the living conditions of the South Bronx community. The organization's work is instrumental in providing quality housing and support to the less fortunate residents of the area.

Is Margarita Santos Housing Development Fund Corporation legitimate?

Margarita Santos Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Margarita Santos 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: $28,718

For more financial information, click here

What is the mission statement of Margarita Santos Housing Development Fund Corporation?

The Margarita Santos Housing Development Fund Corporation's mission is centered around providing quality housing and social services to families with low and moderate incomes. Their primary goal is to offer safe, clean, and affordable housing to these families. The organization is committed to enhancing the living conditions of these families, ensuring they have access to necessary amenities and support services. The corporation's activities are focused on the South Bronx area, though the information provided does not specify the location further.

Who is the CEO of Margarita Santos Housing Development Fund Corporation?

Valerie Torres is the Chair of Margarita Santos Housing Development Fund Corporation.

What is the revenue of Margarita Santos Housing Development Fund Corporation?

Margarita Santos Housing Development Fund Corporation's revenue in 2021 was $347,891.

Who are the executives of Margarita Santos Housing Development Fund Corporation and what are their salaries?


Here are 8 key members and their salaries:


Valerie Torres (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Boroff (Vice Chair/T)
  • Compensation: $2,390
  • Related: $122,235
  • Other: $0
Evelyn Velasquez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Salvatore Gigante (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josefa Santos (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Trani (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Seltzer (Executive Di)
  • Compensation: $0
  • Related: $153,154
  • Other: $0
Jean Bonhomme (Controller)
  • Compensation: $0
  • Related: $93,819
  • Other: $0
Where can I find the form 990 for Margarita Santos Housing Development Fund Corporation?

Margarita Santos Housing Development Fund Corporation's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Margarita Santos Housing Development Fund Corporation

Margarita Santos Housing Development Fund Corporation is dedicated to providing high-quality housing and social services to low and moderate-income families. Their mission is centered around ensuring that these families have access to safe, clean, and affordable living spaces in their community. The organization's primary goal is to enhance the living conditions of these families, thereby contributing to their overall well-being. By offering such housing solutions, Margarita Santos Housing Development Fund Corporation aims to make a significant impact on the lives of those who are economically disadvantaged.

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Impact




October, 2024

Margarita Santos 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. The organization addresses a critical need in the community by ensuring that families have access to quality housing options that allow them to thrive.

By focusing on both housing and social services, the organization fosters stability and well-being among residents, leading to stronger community ties and improved overall living conditions. This impact extends beyond just physical housing; it cultivates an environment where families can experience a better quality of life, supporting their aspirations and contributing to the revitalization of the South Bronx.

Through its efforts, the Margarita Santos Housing Development Fund Corporation plays a vital role in fostering community development and social equity, making a lasting difference in the lives of those it serves.




This information is meant to be a general summary of Margarita Santos 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.

Revenue
$347,891 (2021)
20112012201320142015201620172018201920202021$0$150k$300k$450k$600k
Expenses
$361,180 (2021)
20112012201320142015201620172018201920202021$0$150k$300k$450k$600k
Efficiency
201120122013201420152016201720182019202020210%3%6%9%12%15%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $3
  • Program Service Revenue: $340,985
  • Gross Receipts: $347,891

Assets and Liabilities:

  • Total Assets: $851,497
  • Total Liabilities: $872,033
  • Net Assets: -$20,536

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$340,985

Organization Details

Founding Year

1991

Principal Officer

Valerie Torres

Main Address

1945 VYSE AVENUE, BRONX, NY, 10460

NTEE Category

Code: L21 - Housing

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