Tyson Place Housing Development Fund Company Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 161428995 ✦ Syracuse, NY ✦ Designated as a 501(c)(3)

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Overview

What is Tyson Place Housing Development Fund Company Inc?

Tyson Place Housing Development Fund Company Inc is a nonprofit organization situated in Syracuse, New York, with a 39-unit project. Established under Section 202 of the National Housing Act, their mission is to develop, manage, and operate affordable housing for low-income individuals. They adhere to a regulatory agreement for nonprofit and public mortgages under the Federal Housing Administration's Basic Rental Program. With a team of five employees, they work diligently to provide housing solutions for those in need, contributing to the community's overall wellbeing.


Official website here: www.christopher-community.org

Is Tyson Place Housing Development Fund Company Inc legitimate?

Tyson Place Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tyson Place 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: $112,345

For more financial information, click here


Official website here: www.christopher-community.org

What is the mission statement of Tyson Place Housing Development Fund Company Inc?

Tyson Place Housing Development Fund Company Inc was established with a specific purpose: to develop, manage, and operate a low-income housing project on a non-profit basis, adhering to Section 202 of the National Housing Act. The corporation's mission is centered around providing affordable housing for individuals with limited income. This mission is carried out through the operation of a 39-unit project, subject to a regulatory agreement for non-profit and public mortgages under the Section 202 Basic Rental Program, managed by the Federal Housing Administration. The company's primary focus is on ensuring that low-income individuals have access to safe and affordable housing.


Official website here: www.christopher-community.org

Who is the CEO of Tyson Place Housing Development Fund Company Inc?

Father Severine Yagaza is the President of Tyson Place Housing Development Fund Company Inc.


Official website here: www.christopher-community.org

What is the revenue of Tyson Place Housing Development Fund Company Inc?

Tyson Place Housing Development Fund Company Inc's revenue in 2022 was $355,754.


Official website here: www.christopher-community.org

Who are the executives of Tyson Place Housing Development Fund Company Inc and what are their salaries?

The average compensation at Tyson Place Housing Development Fund Company Inc during 2022 was $22,469. There are 5 employees and 5 volunteers at Tyson Place Housing Development Fund Company Inc.


Here are 5 key members and their salaries:


Father Severine Yagaza (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Minchen Lewis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Louise (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Racht (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bernard Corbishley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.christopher-community.org

Where can I find the form 990 for Tyson Place Housing Development Fund Company Inc?

Tyson Place Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.christopher-community.org

Learn more at the official website: www.christopher-community.org

Mission Statement of Tyson Place Housing Development Fund Company Inc

Tyson Place Housing Development Fund Company Inc was established with a singular focus: to develop, manage, and operate a low-income housing project on a non-profit basis. This mission is in line with Section 202 of the National Housing Act. The corporation's project, which comprises 39 units, is subject to a regulatory agreement that ensures its operation is funded through non-profit and public mortgages, under the Section 202 Basic Rental Program, a program overseen by the Federal Housing Administration. In essence, Tyson Place Housing Development Fund Company Inc is committed to providing affordable housing options for individuals with limited financial resources, operating within the guidelines set by this regulatory agreement.

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Impact




October, 2024

Tyson Place Housing Development Fund Company Inc significantly impacts the Syracuse community by providing essential low-income housing through its 39-unit project. By operating under a regulatory agreement and utilizing public mortgages via the Section 202 Basic Rental Program, it ensures that affordable housing is accessible to those in need. This initiative not only addresses housing shortages but also enhances community stability by offering residents a safe and supportive living environment. The corporation's focused mission to develop, own, and operate low-income housing contributes to the overall well-being of individuals and families in the area, fostering a sense of community and enabling residents to thrive.




This information is meant to be a general summary of Tyson Place 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.

Revenue
$355,754 (2022)
Expenses
$354,688 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,530
  • Program Service Revenue: $351,749
  • Gross Receipts: $355,754

Assets and Liabilities:

  • Total Assets: $694,024
  • Total Liabilities: $45,574
  • Net Assets: $648,450

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT SUBSIDIES - HUD

Revenue

$201,321

RENTAL INCOME - TENANT

Revenue

$150,428

Organization Details

Founding Year

1994

Principal Officer

Father Severine Yagaza

Main Address

990 JAMES STREET, SYRACUSE, NY, 13203

NTEE Category

Code: L21 - Housing

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