Overview
What is Green Cloth Apartments Housing Development Fund Corporation?
Green Cloth Apartments Housing Development Fund Corporation is a nonprofit organization based in New York, NY, dedicated to addressing the housing shortage for low-income individuals. Their primary mission is to develop and manage housing projects on a non-profit basis, providing much-needed accommodation where adequate housing is lacking. They operate rental programs for their housing projects, ensuring affordable housing options are available for those who need them most.
Is Green Cloth Apartments Housing Development Fund Corporation legitimate?
Green Cloth Apartments Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Green Cloth Apartments 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
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What is the mission statement of Green Cloth Apartments Housing Development Fund Corporation?
Green Cloth Apartments Housing Development Fund Corporation has been established with the primary objective of developing affordable housing for individuals with low income, as there is a lack of such accommodations in certain areas. Operating on a non-profit basis, the corporation focuses on addressing this housing shortage by constructing and managing housing projects. Their mission is centered around providing a much-needed solution for individuals who may otherwise struggle to find adequate housing. The corporation's activities primarily involve the development and management of rental programs, ensuring that these individuals have access to affordable housing.
Who is the CEO of Green Cloth Apartments Housing Development Fund Corporation?
Yvonne Stennett is the Treasurer of Green Cloth Apartments Housing Development Fund Corporation.
What is the revenue of Green Cloth Apartments Housing Development Fund Corporation?
Green Cloth Apartments Housing Development Fund Corporation's revenue in 2022 was $173,389.
Who are the executives of Green Cloth Apartments Housing Development Fund Corporation and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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- Compensation: $0
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Where can I find the form 990 for Green Cloth Apartments Housing Development Fund Corporation?
Green Cloth Apartments Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Green Cloth Apartments Housing Development Fund Corporation
Green Cloth Apartments Housing Development Fund Corporation is a non-profit organization with a specific mission. Established with the sole purpose of addressing the housing shortage for individuals of low income, the corporation operates on a not-for-profit basis. It's committed to developing housing projects that cater to this demographic, providing a much-needed solution in areas where such facilities are lacking. The organization's activities revolve around the development and management of these housing projects, offering a viable living solution for those who may otherwise struggle to secure adequate housing. In New York, for instance, Green Cloth Apartments Housing Development Fund Corporation manages rental programs within its housing projects, providing a vital service to its community.
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Impact
October, 2024
Green Cloth Apartments Housing Development Fund Corporation plays a crucial role in addressing the housing needs of low-income individuals in New York, NY. By developing housing projects designed specifically for those with limited financial resources, the organization targets areas suffering from a significant shortage of adequate housing.
The impact of Green Cloth Apartments extends beyond simply providing shelter; it creates opportunities for stability and improvement in the quality of life for its residents. Through the operation of rental programs, the corporation ensures that affordable housing is accessible, empowering individuals and families to thrive in an environment that meets their basic needs. This initiative contributes to the broader goal of fostering inclusive communities and alleviating poverty through stable housing solutions.
This information is meant to be a general summary of Green Cloth Apartments 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: $8
- Program Service Revenue: $173,381
- Gross Receipts: $173,389
Assets and Liabilities:
- Total Assets: $1,646,330
- Total Liabilities: $2,876,891
- Net Assets: -$1,230,561
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$173,381
Organization Details
Founding Year
2006
Principal Officer
Yvonne Stennett
Main Address
500 WEST 159TH STREET, NEW YORK, NY, 10032
NTEE Category
Code: L40 - Housing
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