Overview
What is West Bushwick 203K Hdfc?
West Bushwick 203K HDFC is a nonprofit organization located in Brooklyn, New York. Their primary mission is to provide affordable housing for low-income families in the area, achieving this goal by acquiring, owning, developing, constructing, rehabilitating, leasing, managing, and operating 25 multi-family buildings. This organization aims to make a positive impact on the community by offering affordable housing options and contributing to the overall well-being of residents.
Is West Bushwick 203K Hdfc legitimate?
West Bushwick 203K Hdfc is a legitimate nonprofit organization registered as a 501(c)(4) entity. West Bushwick 203K Hdfc 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
What is the mission statement of West Bushwick 203K Hdfc?
West Bushwick 203K HDFC's mission is centered around acquiring, developing, constructing, rehabilitating, and managing affordable multi-family housing for low-income families. The organization operates 25 buildings in various locations, primarily in Brooklyn, New York, with the primary aim of providing affordable housing solutions. Their mission is geared towards making housing accessible for families who may otherwise be unable to afford it.
Who is the CEO of West Bushwick 203K Hdfc?
Scott Short is the Director/President/Ceo of West Bushwick 203K Hdfc. The CEO's salary of West Bushwick 203K Hdfc is $0 and their total compensation is $591,433.
What is the revenue of West Bushwick 203K Hdfc?
West Bushwick 203K Hdfc's revenue in 2022 was $1,731,857.
Who are the executives of West Bushwick 203K Hdfc and what are their salaries?
There 3 volunteers at West Bushwick 203K Hdfc.
Here are 3 key members and their salaries (West Bushwick 203K Hdfc's CEO's salary is $0 and their total compensation is $591,433):
- Compensation: $0
- Related: $542,808
- Other: $48,625
- Compensation: $0
- Related: $224,944
- Other: $43,237
- Compensation: $0
- Related: $256,786
- Other: $17,474
Where can I find the form 990 for West Bushwick 203K Hdfc?
West Bushwick 203K Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of West Bushwick 203K Hdfc
West Bushwick 203K HDFC, as a nonprofit organization, is committed to acquiring, owning, developing, constructing, rehabilitating, leasing, managing, and operating affordable scatter-site multi-family housing for low-income families. With a focus on providing affordable housing, this mission-driven entity operates 25 buildings in the Brooklyn, New York area. By pursuing this mission, West Bushwick 203K HDFC strives to make a significant impact in the lives of low-income families, offering them a stable and affordable living environment. The organization's work is crucial in addressing the housing needs of these families and contributing to the overall well-being of the community.
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Impact
October, 2024
West Bushwick 203K Hdfc plays a crucial role in addressing the housing needs of low-income families in Brooklyn, New York. By acquiring, developing, and rehabilitating multi-family housing units, the organization directly impacts the availability of affordable housing options in a rapidly gentrifying area. Operating 25 buildings, it provides stable and secure living environments that are essential for family welfare and community health.
The presence of this organization helps mitigate the challenges posed by rising housing costs, ensuring that low-income families have access to safe and decent housing. This not only supports the families directly served but also contributes to the overall economic stability of the community. By enhancing the quality of housing in West Bushwick, the organization fosters a sense of community, encourages local engagement, and promotes socio-economic mobility for its residents.
This information is meant to be a general summary of West Bushwick 203K Hdfc. 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: $53
- Program Service Revenue: $845,343
- Gross Receipts: $1,808,238
Assets and Liabilities:
- Total Assets: $21,227,067
- Total Liabilities: $24,585,423
- Net Assets: -$3,358,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME RENTAL
Revenue
$827,343
AFFILIATED ORG RENTAL
Revenue
$18,000
Organization Details
Founding Year
2005
Phone
(718) 366-3800Principal Officer
Scott Short
Main Address
565 BUSHWICK AVENUE, BROOKLYN, NY, 11206
NTEE Category
Code: L20 - Housing
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