Overview
What is Horseheads Housing Dev Fund Co?
Horseheads Housing Development Fund Company is a nonprofit organization located in Horseheads, New York. Their primary mission is to provide affordable housing for elderly individuals with low income. They accomplish this by operating a 24-unit apartment building, which is funded by a mortgage, rental, and interest subsidies from Rural Development. This housing facility aims to cater to the needs of elderly residents, contributing positively to their living situation.
Is Horseheads Housing Dev Fund Co legitimate?
Horseheads Housing Dev Fund Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Horseheads Housing Dev Fund Co 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.
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What is the mission statement of Horseheads Housing Dev Fund Co?
Horseheads Housing Development Fund Company's mission is centered around providing affordable housing solutions for the elderly population with limited income. Specifically, they operate a 24-unit apartment building, funded by mortgage, rental, and interest subsidies from Rural Development, to cater to this demographic. The organization's primary objective is to ensure that elderly individuals, who may be financially challenged, have access to suitable housing accommodations. By providing affordable housing, the company aims to contribute positively to the well-being and livelihood of elderly individuals in need.
Who is the CEO of Horseheads Housing Dev Fund Co?
Michael Stenpeck is the Vice President of Horseheads Housing Dev Fund Co.
What is the revenue of Horseheads Housing Dev Fund Co?
Horseheads Housing Dev Fund Co's revenue in 2022 was $236,295.
Who are the executives of Horseheads Housing Dev Fund Co and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Horseheads Housing Dev Fund Co?
Horseheads Housing Dev Fund Co's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Horseheads Housing Dev Fund Co
Horseheads Housing Development Fund Company is dedicated to providing affordable housing solutions for elderly individuals with limited income. Their mission revolves around offering a comfortable living environment to this specific demographic, ensuring they can maintain a decent standard of life without financial strain. To achieve this goal, the organization operates a 24-unit apartment building, which is funded through a mortgage, rental, and interest subsidies from Rural Development. By leveraging such resources, Horseheads Housing Development Fund Company is able to provide affordable housing options for the elderly, thereby promoting their well-being and independence.
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Impact
October, 2024
Horseheads Housing Dev Fund Co significantly impacts the community by providing affordable housing specifically designed for low-income elderly individuals. By operating a 24-unit apartment building, it ensures that senior residents have access to safe, decent, and affordable living conditions. The organization addresses the critical need for affordable housing in the area, which is especially crucial for seniors who may be on fixed incomes.
The funding structure, which includes a mortgage and rental and interest subsidies from Rural Development, enables stable financial support for the residents, minimizing their housing costs and allowing them to allocate resources to other essential needs. This not only enhances the quality of life for elderly individuals but also fosters a sense of community and belonging. Overall, Horseheads Housing Dev Fund Co plays a vital role in promoting the well-being and dignity of elderly persons with limited financial means in Horseheads, NY.
This information is meant to be a general summary of Horseheads Housing Dev Fund Co. 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: $92,673
- Gross Receipts: $236,295
Assets and Liabilities:
- Total Assets: $395,171
- Total Liabilities: $742,744
- Net Assets: -$347,573
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$92,830
RENT CONCESSIONS
Revenue
-$157
Organization Details
Founding Year
1992
Phone
(607) 739-0656Principal Officer
Michael Stenpeck
Main Address
180 WYGANT ROAD, HORSEHEADS, NY, 14845
NTEE Category
Code: L22 - Housing
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