Overview
What is New Life Homes Housing Development Fund Corporation?
New Life Homes Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 463 7th Avenue, 17th Floor, New York, NY 10018. Their primary objective is to provide permanent housing solutions for low-income individuals. They have undertaken a project to rehabilitate and operate a 55-unit housing complex located at Dewitt Avenue, Brooklyn, New York. By doing so, they aim to contribute positively to the community and provide much-needed shelter to those in need.
Is New Life Homes Housing Development Fund Corporation legitimate?
New Life Homes Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. New Life Homes 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.
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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What is the mission statement of New Life Homes Housing Development Fund Corporation?
New Life Homes Housing Development Fund Corporation is an organization committed to providing permanent housing to individuals with low income. Their mission involves owning, rehabilitating, and operating a 55-unit housing project, aimed at offering a stable living environment for these individuals. The project is situated at DeWitt Avenue in Brooklyn, New York. By offering this housing solution, the corporation contributes to improving the living conditions of those in need, thereby promoting social equality and community development.
Who is the CEO of New Life Homes Housing Development Fund Corporation?
Perry Perlmutter is the President (Thru 2/22) of New Life Homes Housing Development Fund Corporation.
What is the revenue of New Life Homes Housing Development Fund Corporation?
New Life Homes Housing Development Fund Corporation's revenue in 2022 was $814,225.
Who are the executives of New Life Homes Housing Development Fund Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $441,731
- Other: $119,373
- Compensation: $0
- Related: $388,249
- Other: $68,235
- Compensation: $0
- Related: $242,324
- Other: $68,283
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for New Life Homes Housing Development Fund Corporation?
New Life Homes Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Life Homes Housing Development Fund Corporation
New Life Homes Housing Development Fund Corporation is an organization with a mission to provide permanent housing solutions for low-income individuals. They are committed to owning, rehabilitating, and operating a 55-unit housing project, serving as a refuge for those in need. By undertaking this project, New Life Homes aims to make a significant impact on the lives of these individuals, offering them a stable living environment. The organization's mission is to contribute to the betterment of its community by addressing the housing needs of its most vulnerable members.
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Impact
October, 2024
New Life Homes Housing Development Fund Corporation significantly impacts the community by providing permanent housing for low-income individuals. The organization owns, rehabilitates, and operates a 55-unit housing project located on Dewitt Avenue in Brooklyn, New York. This initiative not only addresses the pressing need for affordable housing in an urban environment but also contributes to the stability and well-being of residents by offering them a secure living situation.
By creating accessible housing options, New Life Homes fosters a sense of community and empowerment for its residents. The project plays a critical role in alleviating homelessness and housing insecurity, allowing individuals and families to thrive in a supportive environment. Additionally, by revitalizing and maintaining properties, the organization enhances the surrounding neighborhood, promoting overall community development. The impact of New Life Homes extends beyond just housing; it offers dignity, stability, and hope to those who need it most.
This information is meant to be a general summary of New Life Homes Housing Development Fund Corporation. 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: $16,794
- Program Service Revenue: $797,188
- Gross Receipts: $814,225
Assets and Liabilities:
- Total Assets: $4,906,650
- Total Liabilities: $5,996,245
- Net Assets: -$1,089,595
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$797,188
Organization Details
Founding Year
1996
Phone
(212) 633-6900Principal Officer
Perry Perlmutter
Main Address
463 7TH AVENUE 17TH FLOOR, NEW YORK, NY, 10018
NTEE Category
Code: L20 - Housing
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