Overview
What is Steger Housing Development Fund Company Project No 014-Ee057?
Steger Housing Development Fund Company Project No 014-Ee057 is a nonprofit corporation established in compliance with Article XI of New York's Private Housing Finance Law. Its primary purpose is to develop, own, and operate a low-income housing project for the elderly and handicapped, adhering to Department of HUD regulations. The project, named St. Jude Apartments, is located in Rochester, New York, and consists of 55 units, with one unit reserved for the superintendent, who resides rent-free. The project receives financial assistance through the Project Rental Assistance Program, as specified in Section 202 of the National Housing Act. The company operates with a team of five employees, dedicated to providing affordable housing options for their qualified residents.
Is Steger Housing Development Fund Company Project No 014-Ee057 legitimate?
Steger Housing Development Fund Company Project No 014-Ee057 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Steger Housing Development Fund Company Project No 014-Ee057 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: $90,989
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What is the mission statement of Steger Housing Development Fund Company Project No 014-Ee057?
The Steger Housing Development Fund Company Project No 014-Ee057 was established with a specific purpose: to develop, own, and operate a low-income housing project on a non-profit basis. This project, known as St. Jude Apartments, is situated in an unspecified location and caters to the elderly and individuals with disabilities. The project adheres to Section 202 of the National Housing Act and receives financial assistance through the Project Rental Assistance Program. The company's mission is to provide affordable housing to qualified individuals, contributing to their well-being and meeting the housing needs of the low-income population.
Who is the CEO of Steger Housing Development Fund Company Project No 014-Ee057?
Steve Spoto is the President of Steger Housing Development Fund Company Project No 014-Ee057.
What is the revenue of Steger Housing Development Fund Company Project No 014-Ee057?
Steger Housing Development Fund Company Project No 014-Ee057's revenue in 2022 was $392,115.
Who are the executives of Steger Housing Development Fund Company Project No 014-Ee057 and what are their salaries?
The average compensation at Steger Housing Development Fund Company Project No 014-Ee057 during 2022 was $18,198. There are 5 employees at Steger Housing Development Fund Company Project No 014-Ee057.
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Where can I find the form 990 for Steger Housing Development Fund Company Project No 014-Ee057?
Steger Housing Development Fund Company Project No 014-Ee057's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Steger Housing Development Fund Company Project No 014-Ee057
Steger Housing Development Fund Company Project No 014-Ee057 was established with a singular mission. This non-profit organization was formed specifically to develop, own, and operate a low-income housing project on a non-profit basis. The project in question, known as St. Jude Apartments, is located in Rochester, New York. This mission is in line with Section 202 of the National Housing Act, a federal initiative that supports the development of affordable housing for low-income individuals. The St. Jude Apartments project, comprising 55 units, is a testament to this mission, providing housing for elderly and low-income individuals who meet the Department of HUD's regulations. The project received Project Rental Assistance Program funding under Section 202 of the National Housing Act, further reinforcing its commitment to affordable housing.
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Impact
October, 2024
Steger Housing Development Fund Company Project No 014-Ee057 has made a significant impact in addressing housing needs for low-income individuals, particularly the elderly and handicapped, in Rochester, New York. The development of the St. Jude Apartments, a 55-unit residential project, provides affordable housing options that contribute to the well-being and stability of vulnerable populations.
By ensuring that the apartments are fully rented to qualified participants under HUD regulations, the project serves as a critical resource for residents who might otherwise struggle to find safe and affordable housing. The rental assistance program that supports the project helps to alleviate financial burdens, allowing residents to maintain their independence while living in a supportive community environment.
The focus on low-income housing aligns with broader societal goals of promoting equitable access to housing. In turn, the project plays a vital role in enhancing the quality of life for its residents by providing housing stability, fostering community connections, and reducing homelessness in the area. Overall, this initiative is instrumental in creating a more inclusive and supportive housing landscape in Rochester.
This information is meant to be a general summary of Steger Housing Development Fund Company Project No 014-Ee057. 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: $1,106
- Program Service Revenue: $207,864
- Gross Receipts: $392,115
Assets and Liabilities:
- Total Assets: $748,732
- Total Liabilities: $3,455,066
- Net Assets: -$2,706,334
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE - TENAN
Revenue
$207,864
Organization Details
Founding Year
1993
Phone
(315) 424-1821Principal Officer
Steve Spoto
Main Address
4100 LYELL ROAD, ROCHESTER, NY, 14606
NTEE Category
Code: L21 - Housing
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