409 Grand Avenue Housing Development Fund Corporation

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

EIN: 201876837 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is 409 Grand Avenue Housing Development Fund Corporation?

The 409 Grand Avenue Housing Development Fund Corporation is a nonprofit organization, established with the primary objective of providing affordable housing for individuals with low income. Based in Brooklyn, New York, the corporation operates on a nonprofit basis, focusing on acquiring, developing, and maintaining housing projects to cater to this demographic. The organization's mission is deeply rooted in its purpose, ensuring that it continues to serve its intended community effectively.


Official website here: www.impacctbrooklyn.org

What do the Facebook reviews say about 409 Grand Avenue Housing Development Fund Corporation?

92% of 20 reviewers on Facebook recommend 409 Grand Avenue Housing Development Fund Corporation. Here is a summary of their reviews:

Many users express appreciation for the variety of community resources offered, highlighting the impact of free workshops and housing assistance. The overall sentiment suggests that the nonprofit successfully fulfills its mission to support residents in their housing needs.

The positive feedback indicates that individuals feel supported and empowered through the programs available, underscoring the organization’s commitment to making a difference in their community.


This AI summary has been generated from reviews found on Facebook.

Is 409 Grand Avenue Housing Development Fund Corporation legitimate?

409 Grand Avenue Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 409 Grand Avenue Housing Development Fund Corporation 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: $0

For more financial information, click here


Official website here: www.impacctbrooklyn.org

What is the mission statement of 409 Grand Avenue Housing Development Fund Corporation?

The 409 Grand Avenue Housing Development Fund Corporation was established with a specific purpose in mind. This purpose is to acquire, develop, and maintain a housing project, all on a non-profit basis, catering to individuals of low income. The corporation's mission is centered around providing affordable housing solutions for those who may not otherwise have access to such resources. It operates on a not-for-profit basis, ensuring that the focus remains on the community's needs rather than financial gain. The corporation's activities are geared towards addressing the housing needs of those who are economically disadvantaged.


Official website here: www.impacctbrooklyn.org

Who is the CEO of 409 Grand Avenue Housing Development Fund Corporation?

Bernell Grier is the Secretary of 409 Grand Avenue Housing Development Fund Corporation.


Official website here: www.impacctbrooklyn.org

What is the revenue of 409 Grand Avenue Housing Development Fund Corporation?

409 Grand Avenue Housing Development Fund Corporation's revenue in 2022 was $44,961.


Official website here: www.impacctbrooklyn.org

Who are the executives of 409 Grand Avenue Housing Development Fund Corporation and what are their salaries?

There 3 volunteers at 409 Grand Avenue Housing Development Fund Corporation.


Here are 4 key members and their salaries:


Bernell Grier (Secretary)
  • Compensation: $0
  • Related: $162,070
  • Other: $6,606
Heather Gershen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Imani Griszell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yvonne Cummings (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.impacctbrooklyn.org

Where can I find the form 990 for 409 Grand Avenue Housing Development Fund Corporation?

409 Grand Avenue Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.impacctbrooklyn.org

Learn more at the official website: www.impacctbrooklyn.org

Mission Statement of 409 Grand Avenue Housing Development Fund Corporation

The 409 Grand Avenue Housing Development Fund Corporation, established with a specific purpose, is dedicated to addressing the housing needs of individuals with low income. This nonprofit organization has a mission to acquire, develop, and maintain a housing project, all while operating on a nonprofit basis. Their primary objective is to provide affordable housing solutions for those who may not otherwise have access to such resources, thereby contributing to the betterment of their living conditions.

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Impact




August, 2024

409 Grand Avenue Housing Development Fund Corporation's impact is providing affordable housing for individuals with low incomes in Brooklyn, NY. They acquire, develop, and maintain housing projects specifically designed to cater to this demographic. By focusing on this mission, they are helping to address the pressing issue of affordable housing in the area and positively impacting the lives of low-income individuals and families.




This information is meant to be a general summary of 409 Grand Avenue 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.

Revenue
$44,961 (2022)
Expenses
$73,228 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1
  • Program Service Revenue: $44,960
  • Gross Receipts: $44,961

Assets and Liabilities:

  • Total Assets: $587,556
  • Total Liabilities: $1,079,869
  • Net Assets: -$492,313

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Programs

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

RENTAL INCOME

Revenue

$44,960

Organization Details

Founding Year

2004

Principal Officer

Bernell Grier

Main Address

1000 DEAN ST 420, BROOKLYN, NY, 11238

NTEE Category

Code: L21 - Housing

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