Overview
What is Kamargo Housing Dev Fund Co Inc?
Kamargo Housing Dev Fund Co Inc is a nonprofit organization situated in Black River, New York, specializing in providing subsidized rental housing for elderly and mobility-impaired individuals with low income. With a workforce of three dedicated individuals, the organization receives assistance from the U.S. Department of Housing and Urban Development (HUD) to ensure affordable housing options for this specific demographic. The mission of Kamargo Housing Dev Fund Co Inc is to offer a supportive and inclusive living environment for these individuals, enabling them to maintain their independence and quality of life.
Is Kamargo Housing Dev Fund Co Inc legitimate?
Kamargo Housing Dev Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kamargo Housing Dev 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: $36,592
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What is the mission statement of Kamargo Housing Dev Fund Co Inc?
Kamargo Housing Dev Fund Co Inc's mission is centered around providing subsidized rental housing for elderly and mobility-impaired individuals with low income, as overseen by the HUD. The organization's primary objective is to accommodate this specific demographic, ensuring they have access to suitable housing solutions. By doing so, Kamargo Housing Dev Fund Co Inc strives to contribute positively to the well-being and independence of these individuals. Their work is an essential element in addressing the housing needs of a vulnerable segment of the population.
What is the revenue of Kamargo Housing Dev Fund Co Inc?
Kamargo Housing Dev Fund Co Inc's revenue in 2023 was $191,599.
Who are the executives of Kamargo Housing Dev Fund Co Inc and what are their salaries?
The average compensation at Kamargo Housing Dev Fund Co Inc during 2023 was $12,197. There are 3 employees at Kamargo Housing Dev Fund Co Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Kamargo Housing Dev Fund Co Inc?
Kamargo Housing Dev Fund Co Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Kamargo Housing Dev Fund Co Inc
Kamargo Housing Dev Fund Co Inc is dedicated to providing subsidized rental housing for elderly and mobility-impaired individuals with low income. Their mission is centered around offering affordable housing solutions to this specific demographic, ensuring they have a safe and comfortable living environment. By leveraging funding from the HUD, Kamargo Housing Dev Fund Co Inc is able to provide this essential service, making a significant impact on the lives of those in need. Their focus on elderly and mobility-impaired individuals highlights their commitment to supporting vulnerable populations, ensuring they can maintain their independence and dignity while living within their means.
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Impact
October, 2024
Kamargo Housing Dev Fund Co Inc significantly impacts the community by providing HUD-subsidized rental housing specifically tailored for elderly and mobility-impaired individuals with low income in Black River, NY. This organization addresses a critical need by ensuring that vulnerable populations have access to safe, affordable, and accessible living spaces. By focusing on these demographics, Kamargo not only enhances the quality of life for its residents but also promotes independence and stability, allowing them to live with dignity. The availability of subsidized housing plays a vital role in reducing homelessness and alleviating financial strain, thereby fostering a more inclusive and supportive community.
This information is meant to be a general summary of Kamargo Housing Dev 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: $360
- Program Service Revenue: $187,121
- Gross Receipts: $191,599
Assets and Liabilities:
- Total Assets: $683,545
- Total Liabilities: $923,002
- Net Assets: -$239,457
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - TENANT
Revenue
$109,296
TENANT ASSIST PAYMENTS
Revenue
$106,922
VACANY LOSS
Revenue
-$29,097
Organization Details
Founding Year
1993
Principal Officer
Michael Montigelli
NTEE Category
Code: L21 - Housing
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