Overview
What is Lancaster Housing Development Fund Co Inc?
Lancaster Housing Development Fund Co Inc, located at 2393 Main Street, Buffalo, NY 14214, is a nonprofit organization established with a mission to develop a housing project specifically for low-income elderly and handicapped individuals. This project aims to address the lack of adequate housing for such individuals in the area. The organization's goal is not only to provide a residence but also to enhance the welfare of those residing in the project. The project is known as Townview Apartments.
Official website here: www.belmonthousingwny.org
Is Lancaster Housing Development Fund Co Inc legitimate?
Lancaster Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lancaster Housing Development Fund Co 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: $64,682
For more financial information, click here
Official website here: www.belmonthousingwny.org
What is the mission statement of Lancaster Housing Development Fund Co Inc?
Lancaster Housing Development Fund Co Inc was established with the mission to develop a housing project catering to elderly and handicapped individuals of low income, who lack adequate housing options. The organization's primary goal is to enhance the welfare of these residents living in the project. The entity operated a 50-unit multi-family housing project, exclusively designed for low-income elderly and handicapped persons.
Official website here: www.belmonthousingwny.org
What is the revenue of Lancaster Housing Development Fund Co Inc?
Lancaster Housing Development Fund Co Inc's revenue in 2023 was $313,548.
Official website here: www.belmonthousingwny.org
Who are the executives of Lancaster Housing Development Fund Co Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $196,021
- Other: $25,080
- Compensation: $0
- Related: $135,523
- Other: $13,283
- Compensation: $0
- Related: $148,067
- Other: $7,470
- Compensation: $0
- Related: $151,821
- Other: $7,620
- Compensation: $0
- Related: $121,182
- Other: $16,520
Official website here: www.belmonthousingwny.org
Where can I find the form 990 for Lancaster Housing Development Fund Co Inc?
Lancaster Housing Development Fund Co Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.belmonthousingwny.org
Learn more at the official website: www.belmonthousingwny.org
Mission Statement of Lancaster Housing Development Fund Co Inc
Lancaster Housing Development Fund Co Inc was established with a mission to address a significant need in the community: providing adequate housing for elderly and handicapped individuals of low income, who were currently lacking such resources. The organization's primary goal was to develop a housing project specifically designed for this vulnerable population, aiming to improve their living conditions and promote their overall welfare. By establishing and managing this project, Lancaster Housing Development Fund Co Inc aimed to contribute positively to the well-being of the elderly residents living within the project.
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Impact
October, 2024
Lancaster Housing Development Fund Co Inc significantly addresses the housing needs of low-income elderly and handicapped individuals in Buffalo, NY. By developing and operating a 50-unit multi-family housing project, the organization provides essential shelter where adequate housing options are scarce. This initiative not only meets immediate housing requirements but also promotes the welfare of its residents, fostering a supportive community for elderly individuals facing economic challenges. The presence of such dedicated housing contributes to improved quality of life for these residents, ensuring they have a safe and stable environment to call home.
This information is meant to be a general summary of Lancaster Housing Development Fund Co 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 2023.
- Investment Income: $23
- Program Service Revenue: $309,720
- Gross Receipts: $313,548
Assets and Liabilities:
- Total Assets: $1,047,731
- Total Liabilities: $2,475,281
- Net Assets: -$1,427,550
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$210,539
HUD TENANT ASSISTANCE
Revenue
$99,181
Organization Details
Founding Year
1992
Principal Officer
Michael D Riegel
Website
www.belmonthousingwny.orgNTEE Category
Code: L21Z - Housing
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