Overview
What is Uhab Housing Development Fund Corporation?
Uhab Housing Development Fund Corporation is a nonprofit organization based in New York City, specifically at 120 Wall Street 2001, New York, NY 10005. Their primary mission is to temporarily acquire and manage low-income housing projects, preparing them for conversion into cooperative groups. Over the years, Uhab Housing Development Corporation, in collaboration with Uhab Inc., has revitalized approximately 98 distressed buildings, transforming them into around 2,000 renovated affordable co-op and rental apartments. This process involves over $250 million in development financing, renovation management assistance, and legal work for cooperative conversions, ensuring the long-term sustainability of these revitalized housing units. In 2022, Uhab Housing Development Corporation served as the interim owner of 17 apartments in Manhattan's Lower East Side, transforming them into affordable housing options for low- to medium-income residents.
Official website here: www.uhab.org
Is Uhab Housing Development Fund Corporation legitimate?
Uhab Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Uhab 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
For more financial information, click here
Official website here: www.uhab.org
What is the mission statement of Uhab Housing Development Fund Corporation?
Uhab Housing Development Fund Corporation's primary role is to temporarily take ownership and manage low-income housing projects before they are converted into cooperative groups. This organization, often serving as an interim owner, plays a crucial part in the revitalization of distressed buildings. Through its development services, provided by UHAB Inc., it has transformed over 98 buildings into approximately 2,000 affordable co-op and rental apartments. UHAB Housing Development Fund Corporation has facilitated over $250 million in development financing, provided renovation management assistance, and carried out the legal work for cooperative conversions, which are essential for the sustainability of these revitalized housing units. In the fiscal year 2022, the corporation served as the interim owner of 17 apartments in Manhattan's Lower East Side, which were subsequently converted into affordable housing units for low- to medium-income residents.
Official website here: www.uhab.org
Who is the CEO of Uhab Housing Development Fund Corporation?
Margy Brown is the President of Uhab Housing Development Fund Corporation.
Official website here: www.uhab.org
What is the revenue of Uhab Housing Development Fund Corporation?
Uhab Housing Development Fund Corporation's revenue in 2022 was $236,240.
Official website here: www.uhab.org
Who are the executives of Uhab Housing Development Fund Corporation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $149,659
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $104,659
- Other: $14,262
- Compensation: $0
- Related: $142,417
- Other: $35,350
Official website here: www.uhab.org
Where can I find the form 990 for Uhab Housing Development Fund Corporation?
Uhab Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uhab.org
Learn more at the official website: www.uhab.org
Mission Statement of Uhab Housing Development Fund Corporation
Uhab Housing Development Fund Corporation's mission is centered around taking temporary ownership and managing low-income housing projects, preparing them for conversion into cooperative groups. The organization serves as an interim owner, overseeing the rehabilitation and revitalization of distressed buildings, transforming them into approximately 2,000 affordable co-op and rental apartments. Uhab Housing Development Fund Corporation plays a crucial role in the sustainability of these revitalized housing units, facilitating over $250 million in development financing, providing renovation management assistance, and performing the necessary legal work for cooperative conversions. This mission is essential in ensuring that low- to medium-income residents can secure affordable housing in these rehabilitated buildings. In FY2022, Uhab Housing Development Fund Corporation was the interim owner of 17 apartment buildings in Manhattan's Lower East Side, which were successfully converted into affordable housing for low- to medium-income residents.
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Impact
October, 2024
Uhab Housing Development Fund Corporation plays a crucial role in addressing the affordable housing crisis by transforming distressed buildings into revitalized living spaces for low- to moderate-income residents. By serving as the interim owner and manager of low-income housing projects, Uhab HDFC effectively facilitates the transition of properties to cooperative ownership, ensuring long-term sustainability and community stability.
Over its operation, Uhab HDFC has rehabilitated approximately 98 buildings, resulting in around 2,000 renovated affordable apartments. The corporation has successfully facilitated more than $250 million in development financing, which is essential for the comprehensive renovation and management of these properties. This financial support has enabled timely renovations and improved living conditions for countless families.
In fiscal year 2022, Uhab HDFC was the interim owner of 17 apartments in Manhattan's Lower East Side, exemplifying their commitment to creating affordable housing opportunities within urban environments. Through their development and conversion services, Uhab HDFC not only enhances the quality of housing but also empowers communities by providing stable, affordable living options for those most in need. Overall, the impact of Uhab Housing Development Fund Corporation is significant in fostering affordable housing solutions and revitalizing neighborhoods in New York City.
This information is meant to be a general summary of Uhab 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.
- Program Service Revenue: $236,240
- Gross Receipts: $236,240
Assets and Liabilities:
- Total Assets: $7,450,826
- Total Liabilities: $7,150,747
- Net Assets: $300,079
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$236,091
CO-OP CONVERSION
Revenue
$149
Organization Details
Founding Year
2001
Phone
(212) 479-3300Principal Officer
Margy Brown
Main Address
120 WALL STREET 2001, NEW YORK, NY, 10005
Website
www.uhab.orgNTEE Category
Code: L112 - Housing
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