Overview
What is Buffalo Mercy Housing Development Fund Co Inc?
Buffalo Mercy Housing Development Fund Co Inc is a nonprofit organization, established with a mission to address the lack of suitable housing for individuals of low income. Located at 2393 Main Street, Buffalo, New York, this organization is accountable to the U.S. Department of HUD, as stated in the Housing Act of 1959's Section 202. The organization developed an apartment complex comprising 32 units, specifically designed for elderly or handicapped residents, providing them with a secure living space. The primary focus of Buffalo Mercy Housing Development Fund Co Inc is to cater to the housing needs of those who require it most, thereby contributing positively to their community.
Official website here: www.belmonthousingwny.org
Is Buffalo Mercy Housing Development Fund Co Inc legitimate?
Buffalo Mercy Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buffalo Mercy 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,162
For more financial information, click here
Official website here: www.belmonthousingwny.org
What is the mission statement of Buffalo Mercy Housing Development Fund Co Inc?
Buffalo Mercy Housing Development Fund Co Inc was established with a mission to develop affordable housing for individuals of low income, as there was a lack of sufficient housing in certain areas. Operating on a non-profit basis, the company focuses on constructing housing projects to cater to this specific demographic. In particular, Buffalo Mercy Housing Development Fund Co Inc has managed an apartment complex, housing 32 elderly or handicapped residents, under Section 202 of the Housing Act of 1959, accountable to the U.S. Department of HUD. This organization's goal is to provide safe and suitable living spaces for individuals who might otherwise struggle to secure adequate housing.
Official website here: www.belmonthousingwny.org
Who is the CEO of Buffalo Mercy Housing Development Fund Co Inc?
Michael D Riegel is the Board Member/Board Preside of Buffalo Mercy Housing Development Fund Co Inc.
Official website here: www.belmonthousingwny.org
What is the revenue of Buffalo Mercy Housing Development Fund Co Inc?
Buffalo Mercy Housing Development Fund Co Inc's revenue in 2022 was $292,212.
Official website here: www.belmonthousingwny.org
Who are the executives of Buffalo Mercy Housing Development Fund Co Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $191,328
- Other: $22,675
- Compensation: $0
- Related: $127,848
- Other: $12,476
- Compensation: $0
- Related: $149,427
- Other: $7,501
- Compensation: $0
- Related: $119,775
- Other: $13,061
- Compensation: $0
- Related: $138,293
- Other: $23,006
Official website here: www.belmonthousingwny.org
Where can I find the form 990 for Buffalo Mercy Housing Development Fund Co Inc?
Buffalo Mercy Housing Development Fund Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belmonthousingwny.org
Learn more at the official website: www.belmonthousingwny.org
Mission Statement of Buffalo Mercy Housing Development Fund Co Inc
Buffalo Mercy Housing Development Fund Co Inc was established with a mission to address the lack of adequate housing for individuals of low income. Operating on a nonprofit basis, this organization aims to develop housing projects specifically tailored for this demographic. The company's primary objective is to provide a safe and comfortable living environment for elderly and handicapped residents, ensuring they have access to suitable housing options. To accomplish this, Buffalo Mercy Housing Development Fund Co Inc managed an apartment complex comprising 32 units, overseen by the U.S. Department of HUD under Section 202 of the Housing Act of 1959.
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Impact
October, 2024
Buffalo Mercy Housing Development Fund Co Inc plays a vital role in addressing the housing needs of low-income individuals, particularly the elderly and disabled, in Buffalo, NY. By developing and managing an apartment complex of 32 units specifically designed for these populations, the organization provides essential housing solutions in an area where adequate options may be scarce.
The housing project operates under Section 202 of the Housing Act of 1959, ensuring that it meets the specific requirements set forth by the U.S. Department of Housing and Urban Development (HUD). This connection not only reinforces the quality and reliability of the housing provided but also demonstrates a commitment to providing safe and accessible living conditions for vulnerable residents.
Through its initiatives, Buffalo Mercy Housing Development Fund Co Inc significantly contributes to the overall well-being of the community by fostering stability and improving the quality of life for those it serves. The availability of affordable housing enables residents to focus on their health, social connections, and personal development, ultimately enriching the broader community.
This information is meant to be a general summary of Buffalo Mercy 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 2022.
- Investment Income: $466
- Program Service Revenue: $274,071
- Gross Receipts: $292,212
Assets and Liabilities:
- Total Assets: $2,067,957
- Total Liabilities: $2,599,333
- Net Assets: -$531,376
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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
$196,931
RENTAL INCOME
Revenue
$77,140
Organization Details
Founding Year
1987
Phone
(716) 884-7791Principal Officer
Michael D Riegel
Main Address
2393 MAIN STREET, BUFFALO, NY, 14214
Website
www.belmonthousingwny.orgNTEE Category
Code: L22Z - Housing
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