Overview
What is 1055 College Avenue Hdfc Corp?
1055 College Avenue Hdfc Corp is a nonprofit organization situated in the Bronx, New York, primarily focused on providing affordable housing opportunities for low-income and moderate-income families. Their primary source of revenue comes from rent collected from occupants residing in these properties. The organization manages the property efficiently by covering necessary expenses such as administrative fees, utilities, repairs, maintenance, taxes, and insurance. Their mission is deeply rooted in serving the community by offering affordable housing solutions.
Is 1055 College Avenue Hdfc Corp legitimate?
1055 College Avenue Hdfc Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1055 College Avenue Hdfc Corp 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of 1055 College Avenue Hdfc Corp?
The mission of the organization, identified as 1055 College Avenue Hdfc Corp, is centered around providing affordable housing opportunities for individuals with moderate to low income levels within the community. This is achieved primarily through the operation of subsidized rental properties, generating revenue from these rentals. The associated expenses include administrative fees, utilities, repairs and maintenance, taxes, and insurance, all essential components for efficiently managing the premises and complying with regulations.
Who is the CEO of 1055 College Avenue Hdfc Corp?
Consolato Cicciu is the President of 1055 College Avenue Hdfc Corp.
What is the revenue of 1055 College Avenue Hdfc Corp?
1055 College Avenue Hdfc Corp's revenue in 2022 was $301,915.
Who are the executives of 1055 College Avenue Hdfc Corp and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for 1055 College Avenue Hdfc Corp?
1055 College Avenue Hdfc Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1055 College Avenue Hdfc Corp
1055 College Avenue HDFC Corp is committed to providing affordable housing opportunities for individuals and families within the low-income to moderate-income brackets. By offering subsidized rentals, the organization generates revenue to maintain and operate the properties, ensuring they comply with regulations. The corporation's mission is to make housing accessible and affordable for those in need, thereby contributing to a more inclusive and equitable community.
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Impact
October, 2024
1055 College Avenue Hdfc Corp plays a vital role in enhancing the quality of life for low to moderate-income individuals and families in the Bronx, NY. By providing affordable housing options, the organization addresses the critical need for accessible living spaces in a community where housing costs can be a significant burden.
The organization generates revenue primarily through subsidized rental agreements that help families manage their expenses while ensuring stability in their living conditions. This income not only supports the property but also funds essential administrative functions, utilities, repairs, and maintenance, which are crucial for the sustained operation and regulation compliance of the housing facilities.
Through its mission, 1055 College Avenue Hdfc Corp significantly contributes to the community's welfare by reducing homelessness, fostering economic stability, and promoting the overall well-being of residents. By prioritizing housing opportunities, it lays the foundation for families to thrive and positively impacts the socioeconomic landscape of the Bronx.
This information is meant to be a general summary of 1055 College Avenue Hdfc Corp. 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: $121
- Program Service Revenue: $301,794
- Gross Receipts: $301,915
Assets and Liabilities:
- Total Assets: $891,142
- Total Liabilities: $66,443
- Net Assets: $824,699
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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
$330,417
OTHER RENTAL INCOME
Revenue
$1,791
VACANCIES
Revenue
-$30,414
Organization Details
Founding Year
1999
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
NTEE Category
Code: L20 - Housing
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