Overview
What is 1051 College Avenue Hdfc Corp?
1051 College Avenue Hdfc Corp is a nonprofit organization situated in Bronx, New York, primarily focused on providing affordable housing opportunities for families with low to moderate income. The organization generates revenue through rental income from these dwellings and manages its operations with expenses covering administrative fees, utilities, repairs, maintenance, taxes, and insurance. By efficiently managing the premises and adhering to regulations, 1051 College Avenue Hdfc Corp fulfills its mission of providing essential housing solutions for the local community.
Official website here: www.belmontarthurldc.com
Is 1051 College Avenue Hdfc Corp legitimate?
1051 College Avenue Hdfc Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1051 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.
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 1051 College Avenue Hdfc Corp?
1051 College Avenue HDFC Corp is committed to offering affordable housing options for families with moderate to low incomes. Their primary objective is to provide this community with suitable housing opportunities. Revenue for the corporation is primarily derived from the rental income generated from these residences. The associated expenses cover administrative fees, utilities, repairs and maintenance, as well as taxes and insurance, ensuring the efficient operation of the premises and compliance with regulations.
Official website here: www.belmontarthurldc.com
What is the revenue of 1051 College Avenue Hdfc Corp?
1051 College Avenue Hdfc Corp's revenue in 2023 was $305,435.
Official website here: www.belmontarthurldc.com
Who are the executives of 1051 College Avenue Hdfc Corp 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 1051 College Avenue Hdfc Corp?
1051 College Avenue Hdfc Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.belmontarthurldc.com
Learn more at the official website: www.belmontarthurldc.com
Mission Statement of 1051 College Avenue Hdfc Corp
1051 College Avenue HDFC Corp is committed to providing affordable housing opportunities for individuals and families with low to moderate incomes. Their primary mission is to make a significant contribution to the community by offering rental properties that are within the reach of these income groups. The organization generates revenue through these subsidized rentals, ensuring that the necessary expenses, such as administrative fees, utilities, repairs and maintenance, taxes, and insurance, are covered. By efficiently operating the premises and adhering to regulations, 1051 College Avenue HDFC Corp strives to provide a comfortable and safe living environment for its residents.
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Impact
October, 2024
1051 College Avenue Hdfc Corp plays a crucial role in enhancing housing opportunities for low to moderate-income families within the Bronx community. By providing subsidized rental units, the organization facilitates access to affordable housing, which is essential for economic stability and quality living conditions. The rental income generated from these housing opportunities not only supports the organization's operations but also helps to maintain the properties, ensuring they remain safe and habitable for residents.
The impact of 1051 College Avenue Hdfc Corp extends beyond simply offering affordable housing; it contributes to community development and social equity by addressing the housing needs of vulnerable populations. By alleviating the financial burden of housing costs, the organization enables families to allocate resources toward other essential areas, such as education and healthcare. Furthermore, the entity’s focus on compliance with regulations and maintenance underscores its commitment to providing a safe and supportive living environment, fostering a sense of community among residents.
Overall, this organization is fundamental in building a more inclusive community by making housing accessible, thereby enhancing the overall quality of life for its residents.
This information is meant to be a general summary of 1051 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 2023.
- Investment Income: $21
- Program Service Revenue: $305,414
- Gross Receipts: $305,435
Assets and Liabilities:
- Total Assets: $586,941
- Total Liabilities: $49,780
- Net Assets: $537,161
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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
$339,155
OTHER RENTAL INCOME
Revenue
$4,629
VACANCIES
Revenue
-$38,370
Organization Details
Founding Year
1999
Principal Officer
Paul Fracassi
Website
www.belmontarthurldc.comNTEE Category
Code: L20 - Housing
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