Overview
What is Brocton Housing Development Fund Company Inc?
Brocton Housing Development Fund Company Inc is a nonprofit organization established primarily to provide subsidized housing for elderly individuals with low income. Situated in Buffalo, New York, specifically at 2393 MAIN STREET, the company's mission involves developing and managing a 42-unit multi-family apartment complex specifically intended for low-income residents in Brocton, New York. This initiative aims to address the housing needs of this specific demographic, contributing to their overall well-being and quality of life. The company operates under the name Herbert Star Apartments.
Is Brocton Housing Development Fund Company Inc legitimate?
Brocton Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brocton Housing Development Fund Company Inc 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: $60,416
For more financial information, click here
What is the mission statement of Brocton Housing Development Fund Company Inc?
The Brocton Housing Development Fund Company Inc was established with a specific purpose. Its mission is to develop and manage a 42-unit multi-family apartment complex, catering to individuals of low income. This initiative is aimed at providing affordable housing, specifically for the elderly. The company's activities are centered around this objective, contributing to the community by offering subsidized housing for those in need.
Who is the CEO of Brocton Housing Development Fund Company Inc?
Judith Scott is the Board Member/President of Brocton Housing Development Fund Company Inc.
What is the revenue of Brocton Housing Development Fund Company Inc?
Brocton Housing Development Fund Company Inc's revenue in 2022 was $367,032.
Who are the executives of Brocton Housing Development Fund Company Inc and what are their salaries?
There 4 volunteers at Brocton Housing Development Fund Company Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $81,864
- Other: $10,040
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $129,107
- Other: $21,089
Where can I find the form 990 for Brocton Housing Development Fund Company Inc?
Brocton Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Brocton Housing Development Fund Company Inc
Brocton Housing Development Fund Company Inc, as established, has a singular focus on developing and managing a 42-unit multi-family apartment complex specifically catering to individuals of low income. The company's mission is centered around providing affordable housing solutions for this demographic. In a broader sense, the organization aims to contribute to the housing needs of elderly individuals who fall under the category of low income. By developing and operating this housing complex, Brocton Housing Development Fund Company Inc is working towards creating a community where individuals in financial need can reside in a secure and supportive environment.
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Impact
October, 2024
Brocton Housing Development Fund Company Inc makes a significant impact by providing subsidized housing specifically designed for low-income individuals, particularly the elderly, in Brocton, New York. By developing and operating a 42-unit multi-family apartment complex, the organization addresses the critical need for affordable housing in the community. This initiative not only alleviates housing insecurity for vulnerable populations but also fosters a sense of stability and belonging among residents. The availability of such housing contributes to the overall health and well-being of low-income families, enhancing their quality of life and allowing them access to necessary resources and support systems. Through its focused mission, the company plays an essential role in improving local housing conditions and ensuring that elderly individuals on fixed incomes have a safe and affordable place to call home.
This information is meant to be a general summary of Brocton Housing Development Fund Company Inc. 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: $307
- Program Service Revenue: $348,143
- Gross Receipts: $367,032
Assets and Liabilities:
- Total Assets: $714,823
- Total Liabilities: $1,327,940
- Net Assets: -$613,117
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD TENANT ASSISTANCE
Revenue
$190,907
TENANT RENTAL PAYMENTS
Revenue
$157,236
Organization Details
Founding Year
1981
Phone
(716) 884-7791Principal Officer
Judith Scott
Main Address
2393 MAIN STREET, BUFFALO, NY, 14214
NTEE Category
Code: L22Z - Housing
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