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Capital City Housing Development Fund Company Inc

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

EIN: 141696241 ✦ Albany, NY ✦ Designated as a 501(c)(3)

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Overview

What is Capital City Housing Development Fund Company Inc?

Capital City Housing Development Fund Company Inc, situated in Albany, New York, is a nonprofit organization dedicated to enhancing economically disadvantaged neighborhoods. They achieve this by promoting home ownership and acquisition as their primary mission. In collaboration with local authorities, such as the Albany Housing Authority, they develop tax credit properties to revitalize these communities. As the sole member of another entity, they play a crucial role in real estate projects, contributing to the overall improvement of Albany's neighborhoods.

Is Capital City Housing Development Fund Company Inc legitimate?

Capital City Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital City 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: $0

For more financial information, click here

What is the mission statement of Capital City Housing Development Fund Company Inc?

Capital City Housing Development Fund Company Inc's mission is centered around strengthening and stabilizing economically disadvantaged neighborhoods. They achieve this by promoting home ownership and acquisition. The organization's efforts are geared towards improving the living conditions and economic well-being of these communities. They achieve this through various projects, such as South End I, which is developed in collaboration with local housing authorities. The company's mission is aimed at enhancing the quality of life for residents in economically challenged areas, thereby fostering community growth and development.

Who is the CEO of Capital City Housing Development Fund Company Inc?

Chiquita D'Arbeau is the President of Capital City Housing Development Fund Company Inc.

What is the revenue of Capital City Housing Development Fund Company Inc?

Capital City Housing Development Fund Company Inc's revenue in 2022 was $9,400.

Who are the executives of Capital City Housing Development Fund Company Inc and what are their salaries?


Here are 3 key members and their salaries:


Michael Whalen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim O'Byrne (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chiquita D'Arbeau (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Capital City Housing Development Fund Company Inc?

Capital City Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Capital City Housing Development Fund Company Inc

Capital City Housing Development Fund Company Inc, as the sole member of Capital City Housing Sound End I Project Inc, and the general partner of South End I, is dedicated to enhancing and reinforcing economically disadvantaged communities by promoting homeownership and property acquisition. This organization seeks to contribute to the stability and improvement of these neighborhoods by investing in properties and facilitating homeownership opportunities for individuals who might otherwise struggle with such prospects. By engaging in this mission, Capital City Housing Development Fund Company Inc aims to foster a sense of community, security, and prosperity in economically challenged areas.

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Impact




August, 2024

Capital City Housing Development Fund Company Inc's impact is focused on strengthening and stabilizing economically challenged neighborhoods through home ownership and acquisition. By serving as the sole member of Capital City Housing Sound End I Project Inc, which is the general partner of South End I - a tax credit property developed in collaboration with the Albany Housing Authority - the organization is actively working towards providing affordable housing solutions in Albany, NY. Through its mission and activities, Capital City Housing Development Fund Company Inc is making a tangible difference in the community by promoting access to safe and stable housing options for residents in need.




This information is meant to be a general summary of Capital City 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.

Revenue
$9,400 (2022)
Expenses
$12,200 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $9,400
  • Gross Receipts: $9,400

Assets and Liabilities:

  • Total Assets: $552,636
  • Total Liabilities: $502,210
  • Net Assets: $50,426

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Programs

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

MORTGAGE INT INCOME

Revenue

$9,400

Organization Details

Founding Year

1998

Principal Officer

Chiquita D'Arbeau

Main Address

200 SOUTH PEARL STREET, ALBANY, NY, 12202

NTEE Category

Code: L21 - Housing

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