Overview
What is Syracuse Ymca Senior Citizen Housing Development Fund Company?
Syracuse YMCA Senior Citizen Housing Development Fund Company is a nonprofit organization, located at 340 Montgomery Street in Syracuse, New York. Established with a mission to provide affordable housing for seniors, the company operates a low-income housing project consisting of 30 apartments. Their purpose is to fulfill this mission on a nonprofit basis, adhering to Section 202 of the National Housing Act. This act aims to provide funding and support for the development, construction, and operation of rental housing for low-income elderly individuals. The company's work contributes to addressing the housing needs of the elderly community in Syracuse.
Is Syracuse Ymca Senior Citizen Housing Development Fund Company legitimate?
Syracuse Ymca Senior Citizen Housing Development Fund Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Syracuse Ymca Senior Citizen Housing Development Fund Company 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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Other Salaries and Wages: $24,030
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What is the mission statement of Syracuse Ymca Senior Citizen Housing Development Fund Company?
The Syracuse YMCA Senior Citizen Housing Development Fund Company was established with a specific purpose. Its mission is to develop, manage, and operate a low-income housing project on a non-profit basis, following the guidelines set by Section 202 of the National Housing Act. This organization focuses on providing affordable housing solutions for senior citizens, as evident in its initiative to operate a low-income housing project consisting of 30 apartments. The company's mission is centered around promoting housing opportunities for those with limited financial resources, thereby contributing to the well-being of senior citizens in the community.
Who is the CEO of Syracuse Ymca Senior Citizen Housing Development Fund Company?
Winthrop Thurlow is the President of Syracuse Ymca Senior Citizen Housing Development Fund Company.
What is the revenue of Syracuse Ymca Senior Citizen Housing Development Fund Company?
Syracuse Ymca Senior Citizen Housing Development Fund Company's revenue in 2022 was $356,305.
Who are the executives of Syracuse Ymca Senior Citizen Housing Development Fund Company and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Syracuse Ymca Senior Citizen Housing Development Fund Company?
Syracuse Ymca Senior Citizen Housing Development Fund Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Syracuse Ymca Senior Citizen Housing Development Fund Company
The Syracuse YMCA Senior Citizen Housing Development Fund Company was established with a specific objective. This nonprofit organization was organized with the sole purpose of developing, owning, and operating a low-income housing project on a nonprofit basis, in accordance with Section 202 of the National Housing Act. The mission of this company is to manage a low-income housing project, consisting of 30 apartments, also in adherence to Section 202 of the National Housing Act. The primary goal of the Syracuse YMCA Senior Citizen Housing Development Fund Company is to provide affordable housing options for individuals who fall under the low-income bracket.
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Impact
October, 2024
Syracuse YMCA Senior Citizen Housing Development Fund Company significantly impacts the local community by providing low-income housing for seniors. By operating a low-income housing project that consists of 30 apartments, it addresses the critical need for affordable housing options for elderly residents who may be living on fixed incomes. The development, aligned with Section 202 of the National Housing Act, ensures that seniors have secure and stable housing, contributing to their overall well-being and quality of life.
This initiative not only supports the residents by offering them a safe and affordable living environment but also fosters a sense of community among seniors. The availability of these apartments allows elderly individuals to remain independent while being part of a supportive neighborhood. Additionally, the project plays an essential role in alleviating housing insecurity within Syracuse, thereby enhancing the economic and social fabric of the area. Through this focused effort, the organization helps create a more inclusive and resilient community for older adults.
This information is meant to be a general summary of Syracuse Ymca Senior Citizen Housing Development Fund Company. 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: $88
- Program Service Revenue: $354,916
- Gross Receipts: $356,305
Assets and Liabilities:
- Total Assets: $799,335
- Total Liabilities: $1,029,513
- Net Assets: -$230,178
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT, NET OF VACANCY L
Revenue
$354,916
Organization Details
Founding Year
1980
Phone
(315) 474-6851Principal Officer
Winthrop Thurlow
Main Address
340 MONTGOMERY STREET, SYRACUSE, NY, 13202
NTEE Category
Code: L22Z - Housing
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