Overview
What is Belmont Housing Development Fund Company Inc?
Belmont Housing Development Fund Company Inc 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 families with low to moderate incomes. The organization generates revenue through these rentals, and the associated expenses cover administrative fees, utilities, repairs, maintenance, taxes, and insurance, ensuring the property's efficient operation and adherence to regulations. Belmont Housing Development Fund Company Inc plays a significant role in providing housing solutions for individuals and families who may otherwise struggle with high housing costs.
Is Belmont Housing Development Fund Company Inc legitimate?
Belmont Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont Housing Development Fund Company 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Belmont Housing Development Fund Company Inc?
Belmont Housing Development Fund Company Inc's mission is centered around providing housing opportunities for individuals with low to moderate incomes. This is achieved primarily through the operation of subsidized rental properties, generating revenue from these rentals. The associated expenses include administrative fees, utilities, maintenance, taxes, and insurance, all necessary components to efficiently manage the properties and adhere to regulations. The company's main objective is to make affordable housing accessible to those who need it, contributing to a more equitable living situation for these individuals.
Who is the CEO of Belmont Housing Development Fund Company Inc?
Consolato Cicciu is the President of Belmont Housing Development Fund Company Inc.
What is the revenue of Belmont Housing Development Fund Company Inc?
Belmont Housing Development Fund Company Inc's revenue in 2022 was $0.
Who are the executives of Belmont Housing Development Fund Company Inc 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 Belmont Housing Development Fund Company Inc?
Belmont Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Belmont Housing Development Fund Company Inc
Belmont Housing Development Fund Company Inc is committed to providing affordable housing opportunities for individuals and families with low to moderate incomes. Their mission revolves around generating income through the rental of properties that are occupied by these income groups. The associated expenses, such as administrative fees, utilities, repairs and maintenance, taxes, and insurance, are necessary components to efficiently operate the premises and adhere to regulations. In essence, Belmont Housing Development Fund Company Inc aims to make affordable housing a reality for a significant portion of the population.
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Impact
October, 2024
Belmont Housing Development Fund Company Inc significantly impacts the South Bronx community by providing essential housing assistance to low and moderate-income families. By focusing on affordable housing opportunities, the organization addresses the critical need for safe and stable living conditions in the area. This support not only helps families secure a home but also fosters community stability and growth. The availability of affordable housing options contributes to improving the overall quality of life for residents, allowing them to thrive economically and socially. Through its initiatives, Belmont Housing plays a crucial role in combating housing insecurity and enhancing the well-being of families in the South Bronx.
This information is meant to be a general summary of Belmont Housing Development Fund Company 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2006
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
NTEE Category
Code: L21 - Housing
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