Overview
What is Schermerhorn Housing Development Fund Corporation?
The Schermerhorn Housing Development Fund Corporation is a nonprofit organization primarily focused on supporting Breaking Ground Housing Development Fund and its related tax-exempt entities in Kings County, New York. Their primary mission involves acquiring or developing properties, leading to the creation of affordable housing facilities. A notable achievement includes managing a partnership entity that owns The Schermerhorn, an 11-story building offering 116 residences for formerly homeless individuals, providing them with a new living space.
Official website here: www.breakingground.org
Is Schermerhorn Housing Development Fund Corporation legitimate?
Schermerhorn Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schermerhorn Housing Development Fund Corporation submitted a form 990EZ, 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.
Official website here: www.breakingground.org
What is the mission statement of Schermerhorn Housing Development Fund Corporation?
The Schermerhorn Housing Development Fund Corporation's primary mission is centered around obtaining and developing properties, specifically in the realm of affordable housing. This mission serves the benefit of Breaking Ground Housing Development Fund and its associated tax-exempt organizations. Notably, the corporation has achieved success in managing a partnership entity that oversees a low-income housing facility named The Schermerhorn. This building provides 116 units for individuals who were formerly homeless.
Official website here: www.breakingground.org
Who is the CEO of Schermerhorn Housing Development Fund Corporation?
Brenda Rosen is the President of Schermerhorn Housing Development Fund Corporation.
Official website here: www.breakingground.org
What is the revenue of Schermerhorn Housing Development Fund Corporation?
Schermerhorn Housing Development Fund Corporation's revenue in 2022 was $0.
Official website here: www.breakingground.org
Who are the executives of Schermerhorn Housing Development Fund Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.breakingground.org
Where can I find the form 990EZ for Schermerhorn Housing Development Fund Corporation?
Schermerhorn Housing Development Fund Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.breakingground.org
Learn more at the official website: www.breakingground.org
Mission Statement of Schermerhorn Housing Development Fund Corporation
The Schermerhorn Housing Development Fund Corporation is dedicated to serving a noble purpose. Its primary mission involves acquiring and developing properties, specifically in Kings County, New York, for the benefit of Breaking Ground Housing Development Fund and its affiliated tax-exempt organizations. This nonprofit organization has made significant strides in this field, as evidenced by its management of a partnership entity that owns a low-income housing facility known as The Schermerhorn. This 11-story building provides 116 units for individuals who were previously homeless. By offering this vital housing solution, Schermerhorn Housing Development Fund Corporation plays a crucial role in providing housing security and stability to those in need, thereby contributing positively to their overall well-being.
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Impact
October, 2024
Schermerhorn Housing Development Fund Corporation significantly impacts the community by acquiring and developing properties in Kings County, New York, specifically aimed at addressing housing challenges. The organization operates The Schermerhorn, an 11-story building that provides 116 units for formerly homeless individuals, helping to combat homelessness and offering stable housing solutions to those in need. By managing this low-income housing facility, Schermerhorn contributes to improving the quality of life for residents, fostering a sense of community, and promoting long-term stability for vulnerable populations. The corporation's efforts play a crucial role in creating accessible housing and supporting the broader mission of breaking the cycle of homelessness in the area.
This information is meant to be a general summary of Schermerhorn Housing Development Fund Corporation. 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.
Assets and Liabilities:
- Total Assets: $90,144
- Total Liabilities: $2,555,934
- Net Assets: -$2,465,790
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Organization Details
Phone
(212) 389-9300Principal Officer
Brenda Rosen
Main Address
505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY, 10018
Website
www.breakingground.orgNTEE Category
Code: L20 - Housing
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