Overview
What is 1130 College Avenue Hdfc?
1130 College Avenue Hdfc is a nonprofit organization situated in the Bronx, New York, primarily functioning to provide affordable housing opportunities for low to moderate income families. Their main source of revenue comes from rental income generated from these housing units. The associated expenses include administrative fees, utilities, repairs and maintenance, as well as taxes and insurance, necessary for efficient operation of the premises and compliance with regulations. Their mission is to cater to the housing needs of this community, ensuring they have access to suitable living spaces.
Official website here: www.belmontarthurldc.com
Is 1130 College Avenue Hdfc legitimate?
1130 College Avenue Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1130 College Avenue Hdfc 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
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Official website here: www.belmontarthurldc.com
What is the mission statement of 1130 College Avenue Hdfc?
The mission of this organization, referred to as the entity, is focused on providing housing opportunities for individuals and families with low to moderate incomes. This mission is carried out by leasing properties to these income groups, thereby generating revenue. The organization's activities primarily involve managing these rentals, covering necessary expenses such as administrative fees, utilities, repairs, maintenance, taxes, and insurance. The purpose of these operations is to efficiently operate the premises and adhere to regulations, ultimately providing affordable housing options for the community.
Official website here: www.belmontarthurldc.com
Who is the CEO of 1130 College Avenue Hdfc?
Consolato Cicciu is the President of 1130 College Avenue Hdfc.
Official website here: www.belmontarthurldc.com
What is the revenue of 1130 College Avenue Hdfc?
1130 College Avenue Hdfc's revenue in 2022 was $376,157.
Official website here: www.belmontarthurldc.com
Who are the executives of 1130 College Avenue Hdfc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.belmontarthurldc.com
Where can I find the form 990 for 1130 College Avenue Hdfc?
1130 College Avenue Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belmontarthurldc.com
Learn more at the official website: www.belmontarthurldc.com
Mission Statement of 1130 College Avenue Hdfc
1130 College Avenue Hdfc is dedicated to providing housing opportunities for individuals and families with low to moderate income levels within the community. Its mission is centered around offering a suitable living environment for these individuals, generating revenue primarily through subsidized rentals occupied by these families. The organization's activities are carefully managed to ensure that necessary expenses such as administrative fees, utilities, repairs, maintenance, taxes, and insurance are covered, enabling the operation of the premises in an efficient and regulatory-compliant manner. In essence, 1130 College Avenue Hdfc strives to make housing accessible and affordable for those who require it, contributing positively to the community and its residents.
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Impact
October, 2024
1130 College Avenue HDFC plays a crucial role in addressing housing needs within the Bronx community by providing low to moderate income housing opportunities. By focusing on affordable rental units, this initiative helps to alleviate the housing burden faced by many families in the area, ensuring that they have access to secure and stable living conditions.
Through the generation of revenue from subsidized rentals, the organization can maintain its operations while covering essential expenses like utilities, repair and maintenance, administrative fees, taxes, and insurance. This not only facilitates the efficient management of the property but also ensures compliance with necessary regulations, contributing to the overall well-being and stability of the community.
The impact of 1130 College Avenue HDFC extends beyond individual households; it fosters a sense of community and supports economic diversity within the neighborhood. By prioritizing affordable housing, it helps create a more inclusive environment where families can thrive without the fear of displacement.
This information is meant to be a general summary of 1130 College Avenue Hdfc. 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: $30
- Program Service Revenue: $366,066
- Gross Receipts: $376,157
Assets and Liabilities:
- Total Assets: $552,460
- Total Liabilities: $817,758
- Net Assets: -$265,298
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS POTENTIAL RENT
Revenue
$427,314
OTHER RENTAL INCOME
Revenue
$3,294
VACANCIES
Revenue
-$64,542
Organization Details
Founding Year
2005
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
Website
www.belmontarthurldc.comNTEE Category
Code: L41 - Housing
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