Overview
What is Fontbonne Manor Housing Development Fund Company Inc?
Fontbonne Manor Housing Development Fund Company Inc is a nonprofit organization that focuses on providing affordable housing solutions for elderly individuals with limited income. Based in Colonie, New York, they manage a 50-unit complex specifically designed for senior residents. They meticulously allocate their resources for the continuous maintenance and management of this facility, which operates under section 202 of the National Housing Act. The organization's housing project is supported by a contract with the US Department of Housing and Urban Development, ensuring the financial sustainability of their mission. In essence, Fontbonne Manor Housing Development Fund Company Inc is dedicated to providing a safe and affordable living environment for senior citizens with low incomes.
Is Fontbonne Manor Housing Development Fund Company Inc legitimate?
Fontbonne Manor Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fontbonne Manor 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: $76,141
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What is the mission statement of Fontbonne Manor Housing Development Fund Company Inc?
Fontbonne Manor Housing Development Fund Company Inc is dedicated to providing affordable housing for elderly individuals with low income. They manage and maintain a 50-unit complex, offering a home for senior residents in Colonie, New York. Operating under section 202 of the National Housing Act, their mission is backed by a contract with the US Department of Housing and Urban Development. The company's primary goal is to ensure the continuous upkeep of their housing facility, providing a secure and comfortable living environment for their elderly residents.
Who is the CEO of Fontbonne Manor Housing Development Fund Company Inc?
Noel Olsen is the Directer of Fontbonne Manor Housing Development Fund Company Inc.
What is the revenue of Fontbonne Manor Housing Development Fund Company Inc?
Fontbonne Manor Housing Development Fund Company Inc's revenue in 2022 was $287,439.
Who are the executives of Fontbonne Manor Housing Development Fund Company Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Fontbonne Manor Housing Development Fund Company Inc?
Fontbonne Manor Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fontbonne Manor Housing Development Fund Company Inc
Fontbonne Manor Housing Development Fund Company Inc is dedicated to providing affordable housing for elderly individuals with low income. This nonprofit organization manages a 50-unit complex specifically designed for senior residents. Their mission is to ensure the continuous maintenance and upkeep of this housing project, which operates under Section 202 of the National Housing Act. To support their operations, Fontbonne Manor Housing Development Fund Company Inc has a contract with the US Department of Housing and Urban Development. This arrangement allows them to provide affordable living solutions for elderly individuals, contributing to their well-being and independence.
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Impact
October, 2024
Fontbonne Manor Housing Development Fund Company Inc significantly enhances the lives of elderly individuals with low income by providing affordable housing solutions. Located in Colonie, New York, the organization manages a 50-unit complex designed specifically for seniors, ensuring that they have a safe and supportive living environment.
By operating under Section 202 of the National Housing Act, the organization secures funding through a contract with the US Department of Housing and Urban Development, which aids in maintaining the quality and affordability of the housing. This focus on constant upkeep and management not only ensures the physical integrity of the housing complex but also fosters a sense of community among residents.
The presence of Fontbonne Manor directly impacts the local community by addressing the critical need for accessible housing for elderly individuals. This initiative not only alleviates housing insecurity but also promotes the well-being and independence of seniors, allowing them to age in place with dignity. Overall, Fontbonne Manor plays a vital role in enhancing the quality of life for its residents and supporting the broader community in Albany, NY.
This information is meant to be a general summary of Fontbonne Manor 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: $705
- Program Service Revenue: $185,940
- Gross Receipts: $287,439
Assets and Liabilities:
- Total Assets: $1,415,606
- Total Liabilities: $3,592,531
- Net Assets: -$2,176,925
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$185,940
Organization Details
Founding Year
1999
Phone
(518) 459-0183Principal Officer
Noel Olsen
Main Address
41 NORTH MAIN AVENUE, ALBANY, NY, 12203
NTEE Category
Code: L22 - Housing
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