Overview
What is Loretto-Malta Manor Housing Development Fund Company Inc?
Loretto-Malta Manor Housing Development Fund Company Inc is a nonprofit organization situated in Syracuse, New York, specifically at 990 James Street. Their primary mission is to establish, manage, and operate a low-income housing project in compliance with Section 202 of the National Housing Act. The corporation was founded with the explicit purpose of providing affordable housing for individuals who fall below a certain income threshold. This project operates on a nonprofit basis, prioritizing accessibility and affordability for its residents.
Official website here: www.christopher-community.org
Is Loretto-Malta Manor Housing Development Fund Company Inc legitimate?
Loretto-Malta Manor Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loretto-Malta Manor 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: $47,308
For more financial information, click here
Official website here: www.christopher-community.org
What is the mission statement of Loretto-Malta Manor Housing Development Fund Company Inc?
Loretto-Malta Manor Housing Development Fund Company Inc was established with a specific purpose: developing, owning, and operating a low-income housing project on a non-profit basis, in accordance with Section 202 of the National Housing Act. The corporation's mission is centered around providing affordable housing for individuals with limited resources. It operates a 39-unit low-income housing project, adhering to the guidelines set forth by the National Housing Act. The company's primary goal is to contribute to the betterment of the community by providing housing solutions for those in need.
Official website here: www.christopher-community.org
Who is the CEO of Loretto-Malta Manor Housing Development Fund Company Inc?
Kimberly Townsend is the Chairperson of Loretto-Malta Manor Housing Development Fund Company Inc.
Official website here: www.christopher-community.org
What is the revenue of Loretto-Malta Manor Housing Development Fund Company Inc?
Loretto-Malta Manor Housing Development Fund Company Inc's revenue in 2022 was $281,217.
Official website here: www.christopher-community.org
Who are the executives of Loretto-Malta Manor Housing Development Fund Company Inc and what are their salaries?
There 3 volunteers at Loretto-Malta Manor Housing Development Fund Company Inc.
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-Malta Manor Housing Development Fund Company Inc?
Loretto-Malta Manor 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 Loretto-Malta Manor Housing Development Fund Company Inc
Loretto-Malta Manor Housing Development Fund Company Inc, a not-for-profit organization, was established with a sole purpose and specific mandate. This purpose, as outlined in Section 202 of the National Housing Act, is to develop, own, and manage a low-income housing project on a nonprofit basis. The corporation's mission is to provide affordable housing options for individuals and families who fall under the low-income bracket, operating its 39-unit low-income housing project in accordance with this Act.
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Impact
October, 2024
Loretto-Malta Manor Housing Development Fund Company Inc plays a crucial role in providing affordable housing solutions in Syracuse, NY. By operating a 39-unit low-income housing project, it addresses the pressing need for secure and affordable living options for low-income residents. This initiative not only enhances individual quality of life but also fosters community stability and growth. By adhering to the guidelines set forth in Section 202 of the National Housing Act, the organization ensures that vulnerable populations have access to safe and supportive housing, ultimately contributing to healthier neighborhoods and improved social outcomes. The impact extends beyond mere housing; it helps alleviate housing insecurity, promotes integration, and empowers residents through enhanced access to stable living conditions.
This information is meant to be a general summary of Loretto-Malta Manor 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,634
- Program Service Revenue: $277,352
- Gross Receipts: $281,217
Assets and Liabilities:
- Total Assets: $1,781,701
- Total Liabilities: $44,543
- Net Assets: $1,737,158
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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
$149,872
RENTAL INCOME - HUD
Revenue
$127,480
Organization Details
Founding Year
1999
Phone
(315) 424-1821Principal Officer
Kimberly Townsend
Main Address
990 JAMES STREET, SYRACUSE, NY, 13203
NTEE Category
Code: L21 - Housing
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