Overview
What is Idlewild Terrace Housing Development Fund Corporation?
Idlewild Terrace Housing Development Fund Corporation is a nonprofit organization situated in Albany, New York. Their primary mission is to provide affordable housing for low-income individuals, achieving this through the operation of a 30-unit apartment complex in compliance with Section 202 of the National Housing Act. By doing so, they offer eligible residents access to reasonably priced apartments, contributing positively to their living circumstances.
Is Idlewild Terrace Housing Development Fund Corporation legitimate?
Idlewild Terrace Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Idlewild Terrace 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: $69,186
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What is the mission statement of Idlewild Terrace Housing Development Fund Corporation?
Idlewild Terrace Housing Development Fund Corporation is dedicated to providing low-income housing solutions. They achieve this by operating a 30-unit apartment complex, adhering to Section 202 of the National Housing Act. Qualifying low-income individuals are offered the opportunity to reside in these apartments as part of the organization's mission. The corporation's housing service aims to contribute positively to the community, offering affordable living options for those in need.
Who is the CEO of Idlewild Terrace Housing Development Fund Corporation?
Cleva Davis is the President of Idlewild Terrace Housing Development Fund Corporation.
What is the revenue of Idlewild Terrace Housing Development Fund Corporation?
Idlewild Terrace Housing Development Fund Corporation's revenue in 2022 was $274,471.
Who are the executives of Idlewild Terrace Housing Development Fund Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Idlewild Terrace Housing Development Fund Corporation?
Idlewild Terrace Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Idlewild Terrace Housing Development Fund Corporation
Idlewild Terrace Housing Development Fund Corporation is dedicated to providing affordable housing solutions for individuals with limited income. Operating in accordance with Section 202 of the National Housing Act, this organization manages a 30-unit apartment complex in Albany, New York. By offering these low-rent apartments, Idlewild Terrace Housing Development Fund Corporation fulfills its mission of making housing accessible to those who need it most. Qualifying individuals can call this nonprofit home, contributing to a more diverse and inclusive community.
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Impact
October, 2024
Idlewild Terrace Housing Development Fund Corporation has a significant impact on the community by providing essential low-income housing in Albany, New York. Through the operation of a 30-unit apartment complex, it supports qualifying low-income individuals and families by offering access to affordable housing options. This initiative addresses critical housing needs, reduces homelessness, and contributes to the stability and wellbeing of residents in the area. By adhering to guidelines set by the National Housing Act, the Corporation ensures that these apartments are accessible and affordable, fostering a sense of community and improving the quality of life for those it serves.
This information is meant to be a general summary of Idlewild Terrace 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: $130
- Program Service Revenue: $268,946
- Gross Receipts: $274,471
Assets and Liabilities:
- Total Assets: $520,918
- Total Liabilities: $936,091
- Net Assets: -$415,173
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$170,281
RENTAL REVENUE
Revenue
$98,665
Organization Details
Founding Year
1986
Phone
(518) 426-0602Principal Officer
Cleva Davis
Main Address
110 SECOND STREET, ALBANY, NY, 12210
NTEE Category
Code: L21 - Housing
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