Overview
What is Castorland Housing Development Fund Company Inc?
Castorland Housing Development Fund Company Inc is a nonprofit organization committed to addressing the housing needs of low-income individuals. Specifically, they offer a twenty-four unit rental project that is accessible to income-eligible seniors aged sixty-two and above, as well as handicapped individuals of all ages. Their primary mission is to provide affordable housing, making a significant contribution to the community by ensuring that these vulnerable groups have a secure place to live.
Is Castorland Housing Development Fund Company Inc legitimate?
Castorland Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Castorland 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: $43,924
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What is the mission statement of Castorland Housing Development Fund Company Inc?
The Castorland Housing Development Fund Company Inc. is committed to providing low-income housing opportunities. They achieve this goal by presenting a twenty-four-unit rental project, which is accessible to eligible elderly individuals aged sixty-two and above, as well as handicapped individuals of all ages. The company's mission is centered around offering affordable housing solutions to these specific groups.
Who is the CEO of Castorland Housing Development Fund Company Inc?
David Thoma is the President of Castorland Housing Development Fund Company Inc.
What is the revenue of Castorland Housing Development Fund Company Inc?
Castorland Housing Development Fund Company Inc's revenue in 2022 was $161,877.
Who are the executives of Castorland Housing Development Fund Company Inc and what are their salaries?
The average compensation at Castorland Housing Development Fund Company Inc during 2022 was $14,641. There are 3 employees at Castorland Housing Development Fund Company Inc.
Here are 5 key members and their salaries:
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- Compensation: $29,563
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- Other: $0
Where can I find the form 990 for Castorland Housing Development Fund Company Inc?
Castorland Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Castorland Housing Development Fund Company Inc
Castorland Housing Development Fund Company, a notable organization, is dedicated to providing low-income housing for individuals who require such assistance. More specifically, its mission is to cater to the housing needs of elderly individuals over the age of sixty-two and the handicapped of all ages. To achieve this, the company offers a twenty-four unit rental project that is tailored to income-qualifying individuals within this demographic. This initiative aims to contribute positively to the community by providing suitable and affordable housing options for these individuals, thereby improving their overall quality of life.
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Impact
October, 2024
Castorland Housing Development Fund Company Inc significantly impacts the community by addressing the critical need for affordable housing options. By offering a twenty-four unit rental project specifically tailored for low-income elderly individuals over the age of sixty-two and handicapped individuals of all ages, the organization plays a crucial role in enhancing the quality of life for vulnerable populations in Castorland, NY.
This initiative not only provides safe and stable living environments but also fosters a sense of community and belonging among residents. The availability of such housing options contributes to the overall well-being of the elderly and disabled, helping to alleviate the challenges they face in securing adequate housing. The organization's commitment to serving these groups reflects a broader understanding of housing as a fundamental component of social equity and community health.
This information is meant to be a general summary of Castorland 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: $21
- Program Service Revenue: $157,219
- Gross Receipts: $161,877
Assets and Liabilities:
- Total Assets: $587,930
- Total Liabilities: $761,099
- Net Assets: -$173,169
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$157,219
Organization Details
Founding Year
1987
Phone
(315) 376-6895Principal Officer
David Thoma
Main Address
4892 STATE ROUTE 410, CASTORLAND, NY, 13620
NTEE Category
Code: L210 - Housing
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