Overview
What is Nativity Housing Development Fund Company Inc?
Nativity Housing Development Fund Company Inc is a nonprofit organization that leverages federal housing financing, specifically the Section 202 Section 8 Federal Housing Program. Their primary mission is to ensure affordability of rent for lower income tenants. The company developed its property with this objective in mind and offers rental subsidies to renters through the Hud 202 Section 8 Rental Assistance program. Under this program, renters pay only 30% of their income towards rent, making housing more accessible for them.
Official website here: www.olvhs.org
Is Nativity Housing Development Fund Company Inc legitimate?
Nativity Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nativity 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 Nativity Housing Development Fund Company Inc?
Nativity Housing Development Fund Company Inc, as part of its operations, employs federal housing financing and adheres to the Section 202 Section 8 Federal Housing Program. The company's primary objective is to make rental costs affordable for lower-income individuals. To achieve this, it provides rental subsidies to its tenants through the Hud 202 Section 8 Rental Assistance program. This program allows renters to pay only 30% of their income towards rent. The property developed by the company is rooted in this mission, aiming to provide a housing solution that is financially manageable for those with lower income levels.
Official website here: www.olvhs.org
Who is the CEO of Nativity Housing Development Fund Company Inc?
Father David Lipuma is the President of Nativity Housing Development Fund Company Inc.
Official website here: www.olvhs.org
What is the revenue of Nativity Housing Development Fund Company Inc?
Nativity Housing Development Fund Company Inc's revenue in 2022 was $108,071.
Official website here: www.olvhs.org
Who are the executives of Nativity 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 Nativity Housing Development Fund Company Inc?
Nativity 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 Nativity Housing Development Fund Company Inc
Nativity Housing Development Fund Company Inc is an organization that carries out its mission utilizing federal housing financing and the Section 202 Section 8 Federal Housing Program. Their primary goal is to ensure that rent remains affordable for individuals with lower incomes. To achieve this, they develop properties with this objective in mind. The company provides rental subsidies to its tenants through the Hud 202 Section 8 Rental Assistance program. This program allows renters to pay only 30% of their income towards rent, making housing more accessible and affordable for them. In essence, Nativity Housing Development Fund Company Inc utilizes its resources to make a significant impact on the lives of those with limited financial means by providing affordable housing solutions.
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Impact
October, 2024
Nativity Housing Development Fund Company Inc significantly impacts the community by providing affordable housing solutions for lower-income tenants in Lackawanna, NY. By leveraging federal housing financing and utilizing the Section 202 and Section 8 Federal Housing Programs, the organization ensures that individuals and families can access safe and stable housing.
Through the HUD 202 Section 8 Rental Assistance program, Nativity Housing enables renters to contribute only 30% of their income towards rent, alleviating the financial burden on those who may otherwise struggle to afford housing. This initiative fosters greater economic stability for tenants, allowing them to allocate their limited resources towards other essential needs such as food, healthcare, and education.
Moreover, by focusing on rental subsidies, Nativity Housing helps to create a more inclusive community, where individuals from diverse backgrounds can find a place to live without the fear of displacement. The organization plays a critical role in enhancing the quality of life for its residents while contributing to the overall vitality and sustainability of the local area.
This information is meant to be a general summary of Nativity 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: $108,069
- Gross Receipts: $108,071
Assets and Liabilities:
- Total Assets: $225,654
- Total Liabilities: $385,281
- Net Assets: -$159,627
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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: L20 - Housing
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