Overview
What is 130 29th Street Housing Development Fund Corporation?
130 29th Street Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 621 Degraw Street, 11217. Their primary mission is to provide housing for qualified low-income individuals within the Brooklyn area. They successfully managed an apartment building with a capacity of eight units, maintaining 100% occupancy throughout the year. The organization's activities are focused on owning and operating this accommodation facility, contributing to the local community by providing affordable housing options.
Is 130 29th Street Housing Development Fund Corporation legitimate?
130 29th Street Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. 130 29th Street 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 130 29th Street Housing Development Fund Corporation?
The 130 29th Street Housing Development Fund Corporation is committed to fulfilling a mission by owning and managing an apartment building for qualified low-income individuals. This organization's primary goal is to provide housing solutions within their capacity, as demonstrated by their fully occupied 8-apartment building. By offering housing, they aim to contribute positively to the lives of those in need, promoting a sense of community and stability.
What is the revenue of 130 29th Street Housing Development Fund Corporation?
130 29th Street Housing Development Fund Corporation's revenue in 2023 was $109,016.
Who are the executives of 130 29th Street Housing Development Fund Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $233,154
- Other: $10,691
- Compensation: $0
- Related: $133,888
- Other: $35,101
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 130 29th Street Housing Development Fund Corporation?
130 29th Street Housing Development Fund Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of 130 29th Street Housing Development Fund Corporation
The 130 29nd Street Housing Development Fund Corporation is an organization with a mission to serve qualified low-income individuals. This nonprofit entity's primary objective is to own and operate an apartment building, providing a home for those who fall within this income bracket. By doing so, the organization aims to contribute positively to the community and ensure that individuals in need have access to suitable housing. During the year, the organization's apartment building was fully occupied, demonstrating its commitment to fulfilling its mission.
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Impact
October, 2024
130 29th Street Housing Development Fund Corporation significantly impacts the Brooklyn area by providing stable housing for low-income individuals. By owning and operating an apartment building with a capacity of eight apartments, it plays a crucial role in addressing housing shortages for those in need. The organization achieved full occupancy over the past year, demonstrating its effectiveness and the demand for affordable housing options in the community. This initiative not only supports individuals in achieving housing stability but also fosters a sense of community and belonging among residents, contributing to the overall well-being of the Brooklyn neighborhood.
This information is meant to be a general summary of 130 29th Street 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 2023.
- Investment Income: $15
- Program Service Revenue: $109,001
- Gross Receipts: $109,016
Assets and Liabilities:
- Total Assets: $895,223
- Total Liabilities: $1,389,746
- Net Assets: -$494,523
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMBURSEMENTS
Revenue
$7,252
RENTAL INCOME
Revenue
$101,749
Organization Details
Founding Year
2006
Principal Officer
Michelle De La Uz
NTEE Category
Code: L21 - Housing
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