Overview
What is 280 East 166th Street Hdfc Corp?
280 East 166th Street Hdfc Corp is a nonprofit organization situated in the Bronx, New York, specifically at 660 East 183rd Street. Their primary mission is to offer affordable housing opportunities for the community, catering to low-income and moderate-income families. The organization generates revenue through rental income derived from these families. The associated expenses cover administrative fees, utilities, repair and maintenance, as well as taxes and insurance necessities, ensuring the premises are efficiently operated and comply with regulations.
Official website here: www.belmontarthur.com
Is 280 East 166th Street Hdfc Corp legitimate?
280 East 166th Street Hdfc Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. 280 East 166th Street 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.belmontarthur.com
What is the mission statement of 280 East 166th Street Hdfc Corp?
The mission of this organization, identified as a corporation, is centered around providing housing opportunities for individuals with lower to moderate incomes. This mission is carried out by offering rental properties that are affordable for this demographic. The corporation's revenues primarily originate from these subsidized rental units. The associated expenses include administrative fees, utilities, repairs and maintenance, as well as taxes and insurance, all necessary components to efficiently operate the premises and comply with regulations. In essence, this corporation aims to contribute to the community by making housing accessible to a segment of the population that may otherwise struggle to secure affordable housing.
Official website here: www.belmontarthur.com
Who is the CEO of 280 East 166th Street Hdfc Corp?
Consolato Cicciu is the President of 280 East 166th Street Hdfc Corp.
Official website here: www.belmontarthur.com
What is the revenue of 280 East 166th Street Hdfc Corp?
280 East 166th Street Hdfc Corp's revenue in 2022 was $298,094.
Official website here: www.belmontarthur.com
Who are the executives of 280 East 166th Street Hdfc Corp and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Official website here: www.belmontarthur.com
Where can I find the form 990 for 280 East 166th Street Hdfc Corp?
280 East 166th Street Hdfc Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belmontarthur.com
Learn more at the official website: www.belmontarthur.com
Mission Statement of 280 East 166th Street Hdfc Corp
280 East 166th Street HDFC Corp is dedicated to providing affordable housing opportunities for individuals and families falling under the low-income to moderate-income bracket. Their mission is centered around offering a suitable living environment for this particular community segment. The organization generates revenue primarily through low-to-moderate income family-subsidized rental units occupying the property. The associated expenses comprise administrative fees, utilities, repairs and maintenance, as well as taxes and insurance, all necessary components to efficiently operate the premises and adhere to regulations. In essence, 280 East 166th Street HDFC Corp serves as a beacon of hope for individuals and families in need of affordable housing, thereby contributing to a stronger and more inclusive community.
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Impact
October, 2024
280 East 166th Street HDFC Corp plays a vital role in enhancing the quality of life for low to moderate-income families in the Bronx, NY, by providing affordable housing options within the community. Its primary impact stems from generating revenue through subsidized rental opportunities, which allows families to secure stable housing without facing financial strain.
This organization contributes significantly to the local economy by ensuring that residents have access to safe and affordable places to live. The success of the housing model relies not only on the rental income generated through these subsidized arrangements but also on its ability to maintain the properties through prudent management of expenses, including administrative fees, utilities, repairs, maintenance, taxes, and insurance.
Furthermore, 280 East 166th Street HDF Corp fosters community stability by allowing families to invest in their futures and surrounding neighborhoods, indirectly promoting social cohesion and enhancing overall community well-being. By focusing on the needs of low to moderate-income households, it helps mitigate housing insecurity and supports the economic development of the Bronx.
This information is meant to be a general summary of 280 East 166th Street 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: $168
- Program Service Revenue: $297,926
- Gross Receipts: $298,094
Assets and Liabilities:
- Total Assets: $801,245
- Total Liabilities: $63,307
- Net Assets: $737,938
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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
$326,604
OTHER RENTAL INCOME
Revenue
$78
VACANCIES
Revenue
-$28,756
Organization Details
Founding Year
1999
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
Website
www.belmontarthur.comNTEE Category
Code: L20 - Housing
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