Overview
What is Lincoln Towers Housing Development Fund Corporation?
Lincoln Towers Housing Development Fund Corporation is a nonprofit organization based in Elmsford, New York. With a workforce of three individuals, their primary mission is centered around acquiring and operating a residential rental project, specifically an 89-unit complex situated in New Rochelle, New York. This project is supported by the United States Department of Housing and Urban Development under Section 8 Conversion Programs, aimed at providing affordable housing options. The organization's activities are focused on managing this project in accordance with the National Housing Act.
Is Lincoln Towers Housing Development Fund Corporation legitimate?
Lincoln Towers Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln Towers 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $135,997
For more financial information, click here
Mission Statement of Lincoln Towers Housing Development Fund Corporation
Lincoln Towers Housing Development Fund Corporation is an organization with a mission to obtain and manage a 89-unit residential rental project, situated in New Rochelle, New York. This mission is carried out under the umbrella of the National Housing Act. In simpler terms, the corporation seeks to acquire and manage an affordable housing complex, providing shelter for low-income individuals, with financial support from the United States Department of Housing and Urban Development, specifically through Section 8 Conversion Programs.
Impact
This information is meant to be a general summary of Lincoln Towers Housing Development Fund Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Lincoln Towers Housing Development Fund Corporation's impact is focused on providing essential affordable housing options for low-income individuals and families in New Rochelle, NY. Through their operation of an 89-unit residential rental project under the National Housing Act, they play a vital role in addressing housing challenges and supporting community development. Their commitment to offering housing supported by the US Department of Housing and Urban Development demonstrates a dedication to ensuring that individuals have access to safe and stable housing. This organization's work is crucial in helping to create a more inclusive and equitable community where all residents have a place to call home.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$416,210
LAUNDRY INCOME
Revenue
$5,617
PARKING INCOME
Revenue
$3,861
Organization Details
Founding Year
1997
Phone
(914) 592-5434
Principal Officer
Rev Dr Michael J Rouse
Main Address
5 West Main Street, Elmsford, NY, 10523
NTEE Category
Code: L21 - Housing
If you are a representative of Lincoln Towers Housing Development Fund Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.