Overview
What is Rivertown Housing Development Fund Co Inc?
Rivertown Housing Development Fund Co Inc is a nonprofit organization located at 19 Third Street, Athens, New York 12015. Their primary mission is focused on providing low-income housing for senior citizens, adhering to Federal Housing and Mortgage Administration (FMHA) guidelines. Operating a 52-unit senior citizen apartment project, they have consistently maintained an average of less than one vacancy per month. With a workforce of three individuals, the organization remains dedicated to this cause, ensuring quality and affordability for the elderly population in the community.
Official website here: www.rivertownhousing.org
Is Rivertown Housing Development Fund Co Inc legitimate?
Rivertown Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rivertown Housing Development Fund Co 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: $59,314
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,578
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Official website here: www.rivertownhousing.org
What is the mission statement of Rivertown Housing Development Fund Co Inc?
Rivertown Housing Development Fund Co Inc is committed to providing affordable housing for senior citizens. In line with this mission, the organization owns, operates, and manages senior citizen apartment projects under FMHA guidelines. Currently, they manage a 52-unit project with an impressive average vacancy rate of less than one unit per month. This project is the sole focus of their activities.
Official website here: www.rivertownhousing.org
What is the revenue of Rivertown Housing Development Fund Co Inc?
Rivertown Housing Development Fund Co Inc's revenue in 2023 was $392,094.
Official website here: www.rivertownhousing.org
Who are the executives of Rivertown Housing Development Fund Co Inc and what are their salaries?
The average compensation at Rivertown Housing Development Fund Co Inc during 2023 was $29,964. There are 3 employees at Rivertown Housing Development Fund Co Inc.
Here are 6 key members and their salaries:
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Official website here: www.rivertownhousing.org
Where can I find the form 990 for Rivertown Housing Development Fund Co Inc?
Rivertown Housing Development Fund Co Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rivertownhousing.org
Learn more at the official website: www.rivertownhousing.org
Mission Statement of Rivertown Housing Development Fund Co Inc
Rivertown Housing Development Fund Co Inc is dedicated to providing affordable housing solutions for senior citizens. Their primary mission is to own, operate, and manage senior citizen apartment projects, adhering to the guidelines set by the Federal Housing and Mortgage Administration (FMHA). With a focus on low-income seniors, this nonprofit organization has successfully managed a 52-unit project, maintaining an average of less than one vacancy per month. This project is the sole program undertaken by Rivertown Housing Development Fund Co Inc, demonstrating their commitment to serving this specific community.
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Impact
October, 2024
Rivertown Housing Development Fund Co Inc plays a significant role in providing affordable housing options for low-income seniors in Athens, NY. By owning, operating, and managing a specialized 52-unit senior citizen apartment complex, the organization addresses a critical need for accessible housing among elderly populations. With an impressive record of maintaining an average vacancy rate of less than one unit per month, Rivertown demonstrates its effectiveness in delivering stable, reliable housing solutions. This initiative not only ensures that seniors have a safe and supportive living environment but also fosters community cohesion among residents, enhancing their overall quality of life. By adhering to FMHA guidelines, Rivertown upholds standards that contribute to the well-being of seniors in the region.
This information is meant to be a general summary of Rivertown Housing Development Fund Co 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 2023.
- Investment Income: $239
- Program Service Revenue: $164,069
- Gross Receipts: $392,094
Assets and Liabilities:
- Total Assets: $1,646,525
- Total Liabilities: $2,806,576
- Net Assets: -$1,160,051
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL INCOME
Revenue
$164,069
Organization Details
Founding Year
1986
Principal Officer
Paul Salvino
Website
www.rivertownhousing.orgNTEE Category
Code: L22Z - Housing
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