Overview
What is Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen?
Loretto Apartments Housing Development Fund Company Inc, also known as Malta House Apartments, is a nonprofit organization situated in Syracuse, New York, specifically at 990 James Street. Their primary mission is to develop, manage, and operate a low-income housing project on a nonprofit basis, in accordance with Section 202 of the National Housing Act. This project aims to provide affordable housing solutions for individuals with limited financial means, contributing positively to the local community.
Official website here: www.christopher-community.org
Is Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen legitimate?
Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen 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: $54,341
For more financial information, click here
Official website here: www.christopher-community.org
What is the mission statement of Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen?
Loretto Apartments Housing Development Fund Company Inc, also known as Malta House Apartments, was established with a specific mission. This mission involves the development, ownership, and operation of a low-income housing project on a non-profit basis. This is in accordance with Section 202 of the National Housing Act. The company's operations revolve around providing housing for individuals with limited financial resources, adhering to a non-profit business model. The aim is to contribute positively to the housing sector, catering to the needs of those who require affordable housing solutions.
Official website here: www.christopher-community.org
Who is the CEO of Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen?
Kimberly Townsend is the Chairperson of Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen.
Official website here: www.christopher-community.org
What is the revenue of Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen?
Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen's revenue in 2022 was $343,289.
Official website here: www.christopher-community.org
Who are the executives of Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen and what are their salaries?
There 3 volunteers at Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $806,740
- Other: $58,527
- Compensation: $0
- Related: $312,171
- Other: $15,447
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.christopher-community.org
Where can I find the form 990 for Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen?
Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen'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 Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen
Loretto Apartments Housing Development Fund Company Inc, often referred to as Malta House Apartments, was established with a specific mission. This mission involves the development, ownership, and operation of a low-income housing project on a nonprofit basis, in accordance with Section 202 of the National Housing Act. The corporation's objective is to provide affordable housing for individuals with limited financial resources, operating the project in a manner that aligns with nonprofit principles. The operation of a 50-unit low-income housing project is a testament to Loretto Apartments Housing Development Fund Company Inc's commitment to addressing housing inequality and making a positive impact in the community.
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Impact
October, 2024
Loretto Apartments Housing Development Fund Company Inc (Malta House Apartments) plays a crucial role in addressing the housing needs of low-income individuals and families in Syracuse, NY. By operating a 50-unit low-income housing project under Section 202 of the National Housing Act, it directly contributes to increasing the availability of affordable housing in the area. This initiative not only provides residents with secure and stable housing but also enhances the overall community by fostering inclusive living environments.
The development of such housing not only alleviates the burden of high rental costs but also promotes social equity, enabling residents to access essential services, jobs, and educational opportunities. Furthermore, by focusing on low-income populations, Malta House Apartments addresses a critical gap in the housing market, helping to reduce homelessness and housing instability. The corporation's commitment to developing and managing affordable housing ensures that vulnerable populations have a place to call home, ultimately contributing to healthier and more resilient communities.
This information is meant to be a general summary of Loretto Apartments Housing Development Fund Company Inc (Malta House Apartmen. 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: $1,121
- Program Service Revenue: $335,095
- Gross Receipts: $343,289
Assets and Liabilities:
- Total Assets: $1,710,422
- Total Liabilities: $39,619
- Net Assets: $1,670,803
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - TENANT
Revenue
$201,868
RENTAL INCOME - HUD
Revenue
$133,227
Organization Details
Founding Year
1996
Phone
(315) 424-1821Principal Officer
Kimberly Townsend
Main Address
990 JAMES STREET, SYRACUSE, NY, 13203
NTEE Category
Code: L21 - Housing
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