Overview
What is Patchen Avenue Cluster Housing Development Corp?
Patchen Avenue Cluster Housing Development Corp is a nonprofit organization situated in Brooklyn, New York, with a specific mission to provide affordable housing for qualified individuals. Located at 114 Ralph Ave, this organization operates around 20 housing units, committed to offering housing on a non-profit basis. With a small team of one employee, the corporation delivers its mission effectively, enhancing the living conditions of those in need of affordable housing.
Is Patchen Avenue Cluster Housing Development Corp legitimate?
Patchen Avenue Cluster Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Patchen Avenue Cluster Housing Development Corp 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: $27,485
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What is the mission statement of Patchen Avenue Cluster Housing Development Corp?
The Patchen Avenue Cluster Housing Development Corp's mission is centered around providing affordable housing on a non-profit basis. This organization strives to accommodate qualified individuals in need, ensuring they have a place to call home. Their primary activity involves operating approximately 20 housing units, all geared towards catering to low-income individuals. The corporation's mission is to make a positive impact on the lives of those in need by offering them a secure and affordable living space.
Who is the CEO of Patchen Avenue Cluster Housing Development Corp?
Willie Wren is the Chairperson of Patchen Avenue Cluster Housing Development Corp.
What is the revenue of Patchen Avenue Cluster Housing Development Corp?
Patchen Avenue Cluster Housing Development Corp's revenue in 2022 was $210,408.
Who are the executives of Patchen Avenue Cluster Housing Development Corp and what are their salaries?
The average compensation at Patchen Avenue Cluster Housing Development Corp during 2022 was $27,485. There is 1 employee at Patchen Avenue Cluster Housing Development Corp.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Patchen Avenue Cluster Housing Development Corp?
Patchen Avenue Cluster Housing Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Patchen Avenue Cluster Housing Development Corp
Patchen Avenue Cluster Housing Development Corp is a non-profit organization with a mission to provide affordable housing to qualified individuals. Its primary objective is to offer housing on a non-profit basis, ensuring that low-income individuals have access to suitable living spaces. By operating approximately 20 housing units, this organization plays a crucial role in addressing the housing needs of those who may struggle financially, contributing to their overall well-being and stability.
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Impact
October, 2024
Patchen Avenue Cluster Housing Development Corp significantly impacts the Brooklyn community by addressing the critical need for affordable housing. By operating approximately 20 low-income housing units, it provides qualified individuals with accessible living options that might otherwise be out of reach. This initiative not only supports stable and sustainable living environments but also fosters community development by allowing individuals and families to reside in neighborhoods where they can thrive. Through its commitment to offering low-cost housing, the organization helps reduce homelessness and stabilizes the housing market for low-income residents in the area.
This information is meant to be a general summary of Patchen Avenue Cluster Housing Development Corp. 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: $1,382
- Program Service Revenue: $209,026
- Gross Receipts: $210,408
Assets and Liabilities:
- Total Assets: $1,980,226
- Total Liabilities: $2,599,456
- Net Assets: -$619,230
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$209,026
Organization Details
Founding Year
2004
Phone
(718) 363-2750Principal Officer
Willie Wren
Main Address
114 Ralph Ave, Brooklyn, NY, 11221
NTEE Category
Code: L21 - Housing
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