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1490 Estates Housing Development Fund Co

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

EIN: 161498651 ✦ Buffalo, NY ✦ Designated as a 501(c)(3)

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Overview

What is 1490 Estates Housing Development Fund Co?

1490 Estates Housing Development Fund Co is a nonprofit organization situated in Buffalo, New York. Their primary mission is to offer affordable housing solutions for low-income elderly individuals. They accomplish this by managing a HUD-regulated housing project, providing a secure living environment for this demographic. The organization's dedication to this cause aims to improve the quality of life for the elderly, ensuring they have access to suitable housing solutions.

Is 1490 Estates Housing Development Fund Co legitimate?

1490 Estates Housing Development Fund Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1490 Estates Housing Development Fund Co 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: $113,622

For more financial information, click here

What is the mission statement of 1490 Estates Housing Development Fund Co?

The 1490 Estates Housing Development Fund Co is dedicated to providing housing solutions for low-income elderly individuals. They accomplish this by managing a HUD-regulated housing project, offering a residence for this specific demographic in an undisclosed location. The organization's primary goal is to ensure that elderly individuals with limited financial resources have access to suitable living accommodations. By operating this housing project, 1490 Estates Housing Development Fund Co aims to contribute positively to the well-being and living conditions of vulnerable elderly individuals.

Who is the CEO of 1490 Estates Housing Development Fund Co?

Herbert L Bellamy Jr is the President of 1490 Estates Housing Development Fund Co.

What is the revenue of 1490 Estates Housing Development Fund Co?

1490 Estates Housing Development Fund Co's revenue in 2022 was $405,830.

Who are the executives of 1490 Estates Housing Development Fund Co and what are their salaries?

There 10 volunteers at 1490 Estates Housing Development Fund Co.


Here are 10 key members and their salaries:


Herbert L Bellamy Jr (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Delphine Staley (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Hill Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert L Robinson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chantelle N Bellamy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley Washington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Minnie Clemons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Watts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Freeman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for 1490 Estates Housing Development Fund Co?

1490 Estates Housing Development Fund Co's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of 1490 Estates Housing Development Fund Co

1490 Estates Housing Development Fund Co, as a nonprofit organization, is dedicated to providing housing solutions for low-income elderly individuals. In pursuit of this mission, the corporation operates a HUD-regulated housing project, located in Buffalo, New York. The primary objective of 1490 Estates is to ensure that elderly individuals who are financially disadvantaged have access to safe and secure living spaces. By managing this housing project, 1490 Estates Housing Development Fund Co aims to contribute positively to the community and improve the livelihood of its elderly residents.

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Impact




October, 2024

1490 Estates Housing Development Fund Co significantly impacts the community by providing essential housing for low-income elderly individuals in Buffalo, NY. By operating a HUD-regulated housing project, it ensures that vulnerable seniors have access to safe and affordable living environments. This initiative not only addresses the immediate housing needs of these individuals but also fosters a sense of community, stability, and dignity among the elderly population.

By prioritizing the housing needs of low-income seniors, the organization helps alleviate some of the economic pressures these individuals face, allowing them to maintain their independence and quality of life. The presence of such housing projects also contributes to the overall well-being of the community, as it supports a more inclusive and compassionate society that values and cares for its elderly members. Furthermore, this initiative addresses broader social issues, such as homelessness and social isolation among seniors, promoting healthier and more engaged lifestyles.




This information is meant to be a general summary of 1490 Estates Housing Development Fund Co. 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
$405,830 (2022)
Expenses
$739,463 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $243
  • Program Service Revenue: $386,812
  • Gross Receipts: $405,830

Assets and Liabilities:

  • Total Assets: $1,388,346
  • Total Liabilities: $148,689
  • Net Assets: $1,239,657

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Programs

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

TENANT ASSISTANCE

Revenue

$198,701

RENT REVENUE

Revenue

$188,111

Organization Details

Founding Year

1996

Principal Officer

Herbert L Bellamy Jr

Main Address

215 BROADWAY, BUFFALO, NY, 14204

NTEE Category

Code: L210 - Housing

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