Overview
What is Burnt Hills-Ballston Lake Housing Development Fund Company Inc?
Burnt Hills-Ballston Lake Housing Development Fund Company Inc is a nonprofit organization situated in Burnt Hills, New York. It is dedicated to providing safe, appealing, and affordable housing for senior citizens and individuals with disabilities. The organization's primary mission is accomplished through a low-income housing project financed by the U.S. government. With a team of three employees, they strive to create comfortable living spaces for their target demographic.
Is Burnt Hills-Ballston Lake Housing Development Fund Company Inc legitimate?
Burnt Hills-Ballston Lake Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Burnt Hills-Ballston Lake 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,197
For more financial information, click here
What is the mission statement of Burnt Hills-Ballston Lake Housing Development Fund Company Inc?
The Burnt Hills-Ballston Lake Housing Development Fund Company Inc's mission is centered around providing safe, appealing, and affordable housing options for senior citizens and individuals with disabilities. This organization operates a low-income housing project, financially backed by the U.S. government, which offers housing to those with very low to low incomes. The company's primary objective is to ensure that these individuals have access to comfortable living spaces, thereby enhancing their quality of life.
Who is the CEO of Burnt Hills-Ballston Lake Housing Development Fund Company Inc?
Loretta Rigney is the President of Burnt Hills-Ballston Lake Housing Development Fund Company Inc.
What is the revenue of Burnt Hills-Ballston Lake Housing Development Fund Company Inc?
Burnt Hills-Ballston Lake Housing Development Fund Company Inc's revenue in 2022 was $167,483.
Who are the executives of Burnt Hills-Ballston Lake Housing Development Fund Company Inc and what are their salaries?
The average compensation at Burnt Hills-Ballston Lake Housing Development Fund Company Inc during 2022 was $7,732. There are 3 employees at Burnt Hills-Ballston Lake Housing Development Fund Company Inc.
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Where can I find the form 990 for Burnt Hills-Ballston Lake Housing Development Fund Company Inc?
Burnt Hills-Ballston Lake Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Burnt Hills-Ballston Lake Housing Development Fund Company Inc
Burnt Hills-Ballston Lake Housing Development Fund Company Inc is committed to providing safe, appealing, and comfortable housing that is affordable for seniors and individuals with disabilities. This nonprofit organization's primary mission is to ensure that those in need have access to suitable living spaces that cater to their unique requirements. The company achieves this goal by operating a low-income housing project, which is financially backed by the U.S. government. The project provides housing to individuals with very low to low incomes. By offering affordable housing, Burnt Hills-Ballston Lake Housing Development Fund Company Inc aims to contribute positively to the well-being and quality of life of its residents, thereby enhancing their overall living experience.
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Impact
October, 2024
Burnt Hills-Ballston Lake Housing Development Fund Company Inc plays a crucial role in addressing the housing needs of seniors and individuals with disabilities in Burnt Hills, NY. By focusing on providing safe, attractive, comfortable, and affordable housing, the organization significantly enhances the quality of life for its residents.
The impact is particularly notable as it operates a low-income housing project financed by the U.S. government, specifically targeting those within the very low to low-income brackets. This initiative not only ensures that vulnerable populations have access to essential housing but also fosters a sense of community and belonging.
By prioritizing the well-being of seniors and people with disabilities, the organization contributes to reducing homelessness and housing instability in the area. Furthermore, it helps alleviate the financial burdens faced by these groups, allowing them to allocate resources to other critical needs such as healthcare and daily living expenses. Overall, the organization’s efforts have a profound and lasting impact on enhancing the dignity and independence of its residents.
This information is meant to be a general summary of Burnt Hills-Ballston Lake 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.
- Investment Income: $22
- Program Service Revenue: $160,509
- Gross Receipts: $167,483
Assets and Liabilities:
- Total Assets: $557,023
- Total Liabilities: $745,745
- Net Assets: -$188,722
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$158,694
LAUNDRY INCOME
Revenue
$1,815
Organization Details
Founding Year
1979
Phone
(518) 371-0339Principal Officer
Loretta Rigney
Main Address
126 COUNCIL LANE, BURNT HILLS, NY, 12027
NTEE Category
Code: L80Z - Housing
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