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1374 College Avenue Hdfcinc

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

EIN: 133858080 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

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Overview

What is 1374 College Avenue Hdfcinc?

1374 College Avenue Hdfcinc is a nonprofit organization situated in Bronx, New York, specifically at 660 East 183rd Street. Their primary mission is to offer affordable housing opportunities for the local community, catering to low-income and moderate-income families. They manage this by operating a property that provides rental accommodations, generating revenue through these rentals. The associated expenses cover essential operational costs, such as administrative fees, utilities, repairs, maintenance, taxes, and insurance, ensuring the property is efficiently maintained and complies with regulations.


Official website here: www.belmontarthurldc.com

Is 1374 College Avenue Hdfcinc legitimate?

1374 College Avenue Hdfcinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1374 College 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 1374 College Avenue Hdfcinc?

The organization, with the name not specified, is dedicated to offering affordable housing options for individuals and families with modest to low incomes. This mission is carried out by managing properties that are rented out to families who fall under these income categories. Revenue is primarily generated from these rentals. The associated expenses include administrative fees, utility costs, repairs and maintenance, as well as taxes and insurance, all necessary components to effectively operate the premises and adhere to regulations. In essence, the organization's primary goal is to provide affordable housing opportunities for those in need.


Official website here: www.belmontarthurldc.com

Who is the CEO of 1374 College Avenue Hdfcinc?

Consolato Cicciu is the President of 1374 College Avenue Hdfcinc.


Official website here: www.belmontarthurldc.com

What is the revenue of 1374 College Avenue Hdfcinc?

1374 College Avenue Hdfcinc's revenue in 2022 was $370,351.


Official website here: www.belmontarthurldc.com

Who are the executives of 1374 College 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 1374 College Avenue Hdfcinc?

1374 College 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 1374 College Avenue Hdfcinc

1374 College Avenue HDFCinc is committed to providing housing opportunities for families with low to moderate incomes within the community. Their mission is to create a welcoming environment where these families can reside, ensuring that they have access to a secure and comfortable living space. The organization generates revenue primarily through the occupation of its properties by low to moderate income families, who pay subsidized rent. The associated expenses cover necessary components such as administrative fees, utilities, repairs and maintenance, as well as taxes and insurance, enabling the efficient operation of the premises and compliance with regulations.

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Impact




October, 2024

1374 College Avenue Hdfcinc significantly enhances the community by providing low to moderate-income housing opportunities. By generating revenue through subsidized rentals, the organization facilitates access to affordable housing for families in need. This initiative not only supports the economic stability of residents but also fosters a sense of community.

The impact extends beyond just providing a roof; it encompasses creating a safe and stable living environment that promotes overall well-being. With careful management of administrative tasks, utilities, repairs, and taxes, the organization ensures operational efficiency while adhering to necessary regulations. Overall, 1374 College Avenue Hdfcinc plays a crucial role in improving housing accessibility and, by extension, the quality of life for individuals and families in the Bronx, NY.




This information is meant to be a general summary of 1374 College 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
$370,351 (2022)
Expenses
$423,321 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,319
  • Program Service Revenue: $367,032
  • Gross Receipts: $370,351

Assets and Liabilities:

  • Total Assets: $902,832
  • Total Liabilities: $56,935
  • Net Assets: $845,897

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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

$374,852

OTHER RENTAL INCOME

Revenue

$833

VACANCIES

Revenue

-$8,653

Organization Details

Founding Year

1996

Principal Officer

Consolato Cicciu

Main Address

660 EAST 183RD STREET, BRONX, NY, 10458

NTEE Category

Code: L21 - Housing

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