Overview
What is Restored Homes Housing Development Fund Corporation?
Restored Homes Housing Development Fund Corporation is a nonprofit organization based in New York City, specifically at 150 Broadway Suite 2101, New York, NY 10038. Their primary mission is to provide affordable housing for individuals with low and moderate income. Beyond this, they aim to combat blight and contribute to the stabilization of communities throughout New York City. In the recent year, they have managed construction and marketing/sales of several affordable housing projects in the city.
Official website here: www.neighborhoodrestore.org
Is Restored Homes Housing Development Fund Corporation legitimate?
Restored Homes Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restored Homes 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:
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For more financial information, click here
Official website here: www.neighborhoodrestore.org
What is the mission statement of Restored Homes Housing Development Fund Corporation?
Restored Homes Housing Development Fund Corporation is established with a primary objective of preserving and creating affordable housing projects for individuals with low and moderate income. Beyond promoting affordable housing opportunities, the corporation aims to combat and eliminate blight, contributing to the stabilization of communities throughout the city. By doing so, it seeks to provide housing solutions that contribute to a more stable and prosperous community. The organization provides construction management and marketing/sales services for various affordable housing projects in the city.
Official website here: www.neighborhoodrestore.org
Who is the CEO of Restored Homes Housing Development Fund Corporation?
Mr Salvatore D'Avola is the President of Restored Homes Housing Development Fund Corporation.
Official website here: www.neighborhoodrestore.org
What is the revenue of Restored Homes Housing Development Fund Corporation?
Restored Homes Housing Development Fund Corporation's revenue in 2022 was $1,221,445.
Official website here: www.neighborhoodrestore.org
Who are the executives of Restored Homes Housing Development Fund Corporation and what are their salaries?
There 8 volunteers at Restored Homes Housing Development Fund Corporation.
Here are 10 key members and their salaries:
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- Related: $247,449
- Other: $23,426
Official website here: www.neighborhoodrestore.org
Where can I find the form 990 for Restored Homes Housing Development Fund Corporation?
Restored Homes Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neighborhoodrestore.org
Learn more at the official website: www.neighborhoodrestore.org
Mission Statement of Restored Homes Housing Development Fund Corporation
Restored Homes Housing Development Fund Corporation is dedicated to a mission that encompasses two primary objectives. First and foremost, the organization is committed to preserving and creating affordable housing projects for individuals with low and moderate incomes. This initiative is carried out on a non-profit basis, demonstrating its commitment to serving the community.
Secondly, Restored Homes Housing Development Fund Corporation aims to tackle and eliminate blight and foster the stability of communities throughout New York City. By working towards these objectives, the corporation seeks to provide a better living environment for its residents and contribute to the overall well-being of the communities it serves. The organization's mission is a testament to its dedication to improving living conditions and promoting social equity.
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Impact
October, 2024
Restored Homes Housing Development Fund Corporation significantly impacts New York City by focusing on the preservation and creation of affordable housing for individuals and families with low to moderate incomes. Through its dedicated efforts, the organization not only develops housing projects but also actively works to prevent and eliminate blight, thereby fostering the stabilization of communities.
By providing construction management and marketing for a range of affordable housing initiatives, Restored Homes plays a crucial role in increasing accessible housing opportunities throughout the city. This commitment not only helps to alleviate the housing crisis faced by many residents but also contributes to the overall improvement of neighborhood conditions. The organization's activities promote healthier, more vibrant communities, making a tangible difference in the lives of those it serves.
This information is meant to be a general summary of Restored Homes 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.
- Investment Income: $82,871
- Program Service Revenue: $588,574
- Gross Receipts: $1,221,445
Assets and Liabilities:
- Total Assets: $18,974,158
- Total Liabilities: $21,350,812
- Net Assets: -$2,376,654
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING FEE
Revenue
$543,241
MARKETING FEE
Revenue
$45,333
Organization Details
Founding Year
2005
Phone
(212) 584-8981Principal Officer
Mr Salvatore D'Avola
Main Address
150 BROADWAY SUITE 2101, NEW YORK, NY, 10038
Website
www.neighborhoodrestore.orgNTEE Category
Code: L11 - Housing
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