Overview
What is Mother Of Divine Grace Housing Development Fund Company Inc?
Mother of Divine Grace Housing Development Fund Company Inc is a nonprofit organization situated in Lackawanna, New York. Their primary mission revolves around making housing affordable for individuals with lower incomes. They achieve this by leveraging federal housing financing and utilizing the federal housing program 202 Section 8. This program provides rental subsidies, specifically in the form of HUD 202 Section 8 rental assistance, enabling renters to pay only 30% of their income towards rent. The company's location in Lackawanna, NY, serves its purpose of offering affordable housing options to the community.
Official website here: www.olvhs.org
Is Mother Of Divine Grace Housing Development Fund Company Inc legitimate?
Mother Of Divine Grace Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mother Of Divine Grace Housing Development Fund Company Inc submitted a form 990EZ, 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.
Official website here: www.olvhs.org
What is the mission statement of Mother Of Divine Grace Housing Development Fund Company Inc?
Mother of Divine Grace Housing Development Fund Company Inc's mission revolves around utilizing federal housing programs to make rent affordable for lower-income individuals. Specifically, they implement the federal housing program 202 Section 8, offering rental subsidies such as HUD 202 Section 8 rental assistance. This assistance enables renters to pay only a third of their income towards rent. The company's objective is to ensure housing accessibility for those with limited financial means.
Official website here: www.olvhs.org
Who is the CEO of Mother Of Divine Grace Housing Development Fund Company Inc?
Father David Lipuma is the President of Mother Of Divine Grace Housing Development Fund Company Inc.
Official website here: www.olvhs.org
What is the revenue of Mother Of Divine Grace Housing Development Fund Company Inc?
Mother Of Divine Grace Housing Development Fund Company Inc's revenue in 2022 was $101,505.
Official website here: www.olvhs.org
Who are the executives of Mother Of Divine Grace Housing Development Fund Company Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.olvhs.org
Where can I find the form 990EZ for Mother Of Divine Grace Housing Development Fund Company Inc?
Mother Of Divine Grace Housing Development Fund Company Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.olvhs.org
Learn more at the official website: www.olvhs.org
Mission Statement of Mother Of Divine Grace Housing Development Fund Company Inc
Mother of Divine Grace Housing Development Fund Company Inc is dedicated to making housing more affordable for lower income individuals. Utilizing the federal housing program 202 Section 8, this nonprofit organization provides rental subsidies to its tenants. One of the key features of their service is HUD 202 Section 8 rental assistance, which enables renters to pay only 30% of their income towards rent. By doing so, Mother of Divine Grace Housing Development Fund Company Inc plays a significant role in making housing more accessible and affordable for those who might otherwise struggle to meet their rental obligations.
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Impact
October, 2024
Mother Of Divine Grace Housing Development Fund Company Inc significantly impacts the community by enhancing housing accessibility for lower-income tenants in Lackawanna, NY. By leveraging federal housing financing and the HUD 202 Section 8 program, the organization ensures that individuals and families can afford safe and stable rental housing. Renters benefit from a system where they contribute only 30% of their income towards rent, alleviating financial burdens and promoting economic stability.
This approach not only aids in meeting basic housing needs but also fosters community development by creating opportunities for tenants to invest in their well-being and future. By decreasing the stress associated with housing costs, tenants are more likely to engage in other essential areas of life, such as education and employment, thereby contributing to overall community resilience and growth.
This information is meant to be a general summary of Mother Of Divine Grace 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: $2
- Program Service Revenue: $101,503
- Gross Receipts: $101,505
Assets and Liabilities:
- Total Assets: $215,150
- Total Liabilities: $284,999
- Net Assets: -$69,849
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Organization Details
Phone
(716) 828-9751Principal Officer
Father David Lipuma
Main Address
790 RIDGE ROAD, LACKAWANNA, NY, 14218
Website
www.olvhs.orgNTEE Category
Code: X20 - Religion related
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