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Fulton Jefferson Housing Development Fund Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 134122332 ✦ New york, NY ✦ Designated as a 501(c)(4)

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Overview

What is Fulton Jefferson Housing Development Fund Corporation?

Fulton Jefferson Housing Development Fund Corporation is a nonprofit organization based in New York City, specifically at 902 BROADWAY 13TH FLOOR, New York, NY 10010. Established with the mission to provide low-income housing, the organization owns and manages the Fulton Jefferson Apartments, a 107-unit residential complex situated in the Bronx. The corporation's primary activity revolves around offering affordable housing options, with a dedicated workforce of 5 individuals.

Is Fulton Jefferson Housing Development Fund Corporation legitimate?

Fulton Jefferson Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Fulton Jefferson 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: $188,117

For more financial information, click here

What is the mission statement of Fulton Jefferson Housing Development Fund Corporation?

The Fulton Jefferson Housing Development Fund Corporation was established with the mission to provide low-income housing. They achieved this by acquiring and managing a 107-unit residential apartment complex. The corporation's primary goal is to offer affordable housing solutions, catering to families in need. The organization manages the Fulton Jefferson Apartments, a housing project located in New York City. The project provides dwellings for a diverse range of individuals, aiming to enhance living standards in the community.

Who is the CEO of Fulton Jefferson Housing Development Fund Corporation?

Adam Weinstein is the President/Ceo of Fulton Jefferson Housing Development Fund Corporation. The CEO's salary of Fulton Jefferson Housing Development Fund Corporation is $0 and their total compensation is $968,887.

What is the revenue of Fulton Jefferson Housing Development Fund Corporation?

Fulton Jefferson Housing Development Fund Corporation's revenue in 2022 was $1,046,759.

Who are the executives of Fulton Jefferson Housing Development Fund Corporation and what are their salaries?

The average compensation at Fulton Jefferson Housing Development Fund Corporation during 2022 was $37,623. There are 5 employees at Fulton Jefferson Housing Development Fund Corporation.


Here are 5 key members and their salaries (Fulton Jefferson Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $968,887):


Adam Weinstein (President/Ceo)
  • Compensation: $0
  • Related: $806,771
  • Other: $162,116
James Robert Pigott Jr (Vice President And Secretary)
  • Compensation: $0
  • Related: $340,062
  • Other: $74,966
Brian Bricker (Treasurer)
  • Compensation: $0
  • Related: $316,782
  • Other: $69,454
Matthew Kelly (Vice President)
  • Compensation: $0
  • Related: $337,028
  • Other: $70,890
Michael Wadman (Vice President)
  • Compensation: $0
  • Related: $310,698
  • Other: $57,805
Where can I find the form 990 for Fulton Jefferson Housing Development Fund Corporation?

Fulton Jefferson Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Fulton Jefferson Housing Development Fund Corporation

Fulton Jefferson Housing Development Fund Corporation is a non-profit organization with a mission to provide low-income housing. Established with the purpose of owning and operating a 107-unit residential apartment complex, this organization has dedicated itself to serving families in need in New York City. The reporting organization manages a housing project known as Fulton Jefferson Apartments, located in the Bronx, offering a variety of dwelling units for eligible residents. By providing affordable housing options, Fulton Jefferson Housing Development Fund Corporation contributes to the well-being of the community, ensuring that families can secure a stable living environment.

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Impact




October, 2024

Fulton Jefferson Housing Development Fund Corporation significantly impacts the community by providing essential low and moderate-income housing in New York City. By owning and operating the Fulton Jefferson Apartments, a 107-unit residential complex in the Bronx, it plays a critical role in addressing the housing needs of families who may struggle to find affordable living options in a competitive housing market. This initiative helps to stabilize the community, offering residents a safe and secure place to call home, which is vital for their well-being and overall quality of life. The presence of affordable housing directly contributes to the health and resilience of the neighborhood, fostering economic diversity and promoting community development in an area where housing affordability is a pressing concern.




This information is meant to be a general summary of Fulton Jefferson 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.

Revenue
$1,046,759 (2022)
Expenses
$1,581,344 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $18,343
  • Program Service Revenue: $1,020,252
  • Gross Receipts: $1,046,759

Assets and Liabilities:

  • Total Assets: $5,285,110
  • Total Liabilities: $8,719,120
  • Net Assets: -$3,434,010

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$1,019,022

TENANT CHARGES

Revenue

$1,230

Organization Details

Founding Year

2000

Principal Officer

Adam Weinstein

Main Address

902 BROADWAY 13TH FLOOR, NEW YORK, NY, 10010

NTEE Category

Code: L99 - Housing

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