Overview
What is Welch Terrace Housing Development Fund Inc?
Welch Terrace Housing Development Fund Inc is a nonprofit organization situated in Syracuse, New York. The primary mission of this organization is to provide low-income housing for individuals living with disabilities, particularly those affected by HIV. They accomplish this by owning and managing an apartment building that offers 23 independent living units. The organization's activities are driven by a commitment to developing and operating a low-income housing project on a non-profit basis, adhering to Section 811 of the National Affordable Housing Act.
Is Welch Terrace Housing Development Fund Inc legitimate?
Welch Terrace Housing Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Welch Terrace Housing Development Fund 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:
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Other Salaries and Wages: $75,878
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What is the mission statement of Welch Terrace Housing Development Fund Inc?
Welch Terrace Housing Development Fund Inc was established with the primary objective of developing and operating a low-income housing project specifically for individuals living with disabilities, including those affected by HIV, on a non-profit basis. This is in accordance with Section 811 of the National Affordable Housing Act. The corporation's mission is to provide these individuals with suitable housing accommodations. Currently, Welch Terrace Housing Development Fund Inc owns and operates an apartment building, offering 23 independent living units for these residents.
Who is the CEO of Welch Terrace Housing Development Fund Inc?
Pastor Alicia Wood is the Board President of Welch Terrace Housing Development Fund Inc.
What is the revenue of Welch Terrace Housing Development Fund Inc?
Welch Terrace Housing Development Fund Inc's revenue in 2021 was $256,237.
Who are the executives of Welch Terrace Housing Development Fund Inc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Welch Terrace Housing Development Fund Inc?
Welch Terrace Housing Development Fund Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Welch Terrace Housing Development Fund Inc
Welch Terrace Housing Development Fund Inc, a nonprofit organization, was established with a specific purpose. Its mission is to develop, own, and operate a low-income housing project for individuals living with HIV/AIDS on a not-for-profit basis. This aligns with Section 811 of the National Affordable Housing Act. Currently, the corporation is active in this mission, operating an apartment building that offers 23 independent living units for disabled individuals living with HIV. This housing project aims to provide a safe and supportive environment for these individuals, ensuring they have access to affordable and suitable living arrangements.
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Impact
October, 2024
Welch Terrace Housing Development Fund Inc significantly impacts the Syracuse community by providing essential low-income housing for disabled individuals living with HIV. The organization owns and operates an apartment building that features 23 independent living units, facilitating safe and supportive living environments for its residents. This initiative not only meets a critical need for accessible housing but also fosters a sense of community among individuals who often face social and economic challenges. By adhering to the guidelines of the National Affordable Housing Act, Welch Terrace plays a vital role in promoting independence and enhancing the quality of life for disabled residents, contributing positively to their overall well-being and stability.
This information is meant to be a general summary of Welch Terrace Housing Development Fund 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 2021.
- Investment Income: $28
- Program Service Revenue: $226,090
- Gross Receipts: $256,237
Assets and Liabilities:
- Total Assets: $318,864
- Total Liabilities: $95,753
- Net Assets: $223,111
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - NET OF
Revenue
$226,090
Organization Details
Founding Year
1995
Phone
(315) 422-5611Principal Officer
Pastor Alicia Wood
Main Address
555 EAST GENESEE STREET, SYRACUSE, NY, 13202
NTEE Category
Code: L21 - Housing
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