Overview
What is 1360 Nelson Avenue Hdfc Inc?
1360 Nelson Avenue Hdfc Inc is a nonprofit organization situated in the Bronx, New York, primarily focused on providing affordable housing opportunities for low-income and moderate-income families. The organization generates revenue through rental income from these families residing on the property. The associated expenses cover administrative fees, utilities, repairs and maintenance, as well as taxes and insurance, ensuring the property's efficient operation and compliance with regulations.
Official website here: www.belmontarthurldc.com
Is 1360 Nelson Avenue Hdfc Inc legitimate?
1360 Nelson Avenue Hdfc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1360 Nelson Avenue Hdfc Inc 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
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Official website here: www.belmontarthurldc.com
What is the mission statement of 1360 Nelson Avenue Hdfc Inc?
1360 Nelson Avenue Hdfc Inc's mission is centered around providing housing opportunities for individuals with modest to moderate income levels within the community. By generating revenue through subsidized rentals occupied by these families, the organization aims to offer a substantial contribution to the community's housing needs. Administrative fees, utilities, repair and maintenance, taxes, and insurance expenses are some of the necessary components that ensure the property is efficiently operated and complies with regulations. In essence, the organization's primary goal is to facilitate affordable housing opportunities for those in need.
Official website here: www.belmontarthurldc.com
Who is the CEO of 1360 Nelson Avenue Hdfc Inc?
Consolato Cicciu is the President of 1360 Nelson Avenue Hdfc Inc.
Official website here: www.belmontarthurldc.com
What is the revenue of 1360 Nelson Avenue Hdfc Inc?
1360 Nelson Avenue Hdfc Inc's revenue in 2022 was $397,705.
Official website here: www.belmontarthurldc.com
Who are the executives of 1360 Nelson Avenue Hdfc Inc and what are their salaries?
Here are 3 key members and their salaries:
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Official website here: www.belmontarthurldc.com
Where can I find the form 990 for 1360 Nelson Avenue Hdfc Inc?
1360 Nelson Avenue Hdfc Inc'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 1360 Nelson Avenue Hdfc Inc
1360 Nelson Avenue Hdfc Inc is committed to providing affordable housing opportunities for individuals and families with modest incomes. Their mission, in essence, is to create a housing ecosystem that caters to this specific demographic within the community. The organization generates revenue primarily through low to moderate income family-subsidized rentals inhabiting the property. The associated expenses encompass administrative fees, utilities, repairs and maintenance, as well as taxes and insurance expenses. These necessary components ensure the efficient operation of the premises and adherence to regulations. In essence, 1360 Nelson Avenue Hdfc Inc is dedicated to providing affordable housing while managing the associated costs effectively.
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Impact
October, 2024
1360 Nelson Avenue HDFC Inc plays a crucial role in addressing housing needs within the Bronx by providing low to moderate-income housing opportunities. By facilitating subsidized rentals for families in the community, the organization helps enhance access to affordable housing, thereby contributing to neighborhood stability and the overall well-being of its residents.
The organization generates revenue through rental income, which directly supports families who may otherwise struggle to afford decent living conditions. The effective management of the property includes covering essential expenses like administrative fees, utilities, repairs, maintenance, taxes, and insurance. This ensures a well-maintained living environment that complies with necessary regulations, ultimately enhancing the quality of life for its tenants.
Through its activities, 1360 Nelson Avenue HDFC Inc fosters economic stability, allowing families to thrive and potentially invest in their futures, which ripples positively through the community. This commitment to providing housing contributes to broader efforts aimed at alleviating poverty and supporting the local economy in the Bronx.
This information is meant to be a general summary of 1360 Nelson Avenue Hdfc Inc. 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: $6,350
- Program Service Revenue: $391,355
- Gross Receipts: $397,705
Assets and Liabilities:
- Total Assets: $2,058,700
- Total Liabilities: $51,646
- Net Assets: $2,007,054
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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
$391,355
VACANCIES
Organization Details
Founding Year
1998
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
Website
www.belmontarthurldc.comNTEE Category
Code: L21 - Housing
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