Overview
What is Bil Housing Development Fund Co Inc?
Bil Housing Development Fund Co Inc is a nonprofit organization situated in Buffalo, New York, at 2393 Main Street. Their primary mission is to provide adequate housing for elderly and handicapped individuals of low income, as there was a lack of such facilities in the area. They operate a project named Elliot Place Apartments, housing 11 units, to fulfill this purpose. Their objective is not just to provide housing but also to improve the quality of life for the residents living within the project.
Is Bil Housing Development Fund Co Inc legitimate?
Bil Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bil 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: $22,531
For more financial information, click here
What is the mission statement of Bil Housing Development Fund Co Inc?
Bil Housing Development Fund Co Inc is committed to operating a housing project for elderly and handicapped individuals with low income, where adequate housing is lacking. Their mission is to promote the welfare of the residents living in this project. They have successfully operated an 11-unit housing project in Buffalo, New York, catering to the needs of aged and handicapped low-income individuals.
Who is the CEO of Bil Housing Development Fund Co Inc?
Michael D Riegel is the Board Member/President of Bil Housing Development Fund Co Inc.
What is the revenue of Bil Housing Development Fund Co Inc?
Bil Housing Development Fund Co Inc's revenue in 2022 was $221,040.
Who are the executives of Bil Housing Development Fund Co Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $183,687
- Other: $23,886
- Compensation: $0
- Related: $119,369
- Other: $11,495
- Compensation: $0
- Related: $129,107
- Other: $21,089
- Compensation: $0
- Related: $139,555
- Other: $6,990
Where can I find the form 990 for Bil Housing Development Fund Co Inc?
Bil Housing Development Fund Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bil Housing Development Fund Co Inc
Bil Housing Development Fund Co Inc is committed to operating a housing project that caters to elderly and handicapped individuals of low income, who currently lack adequate housing options. The primary objective of this nonprofit organization is to enhance the well-being of the residents residing in the project. Their mission is to provide a safe and suitable living environment for this specific group of people, ensuring their overall welfare is prioritized.
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Impact
October, 2024
Bil Housing Development Fund Co Inc addresses the critical need for affordable housing among elderly and handicapped individuals in Buffalo, New York. By operating an 11-unit housing project specifically designed for low-income residents, the organization provides a safe and adequate living environment where such accommodations are often lacking.
The impact of this initiative extends beyond mere housing; it fosters a sense of community and enhances the quality of life for its residents. By promoting the welfare of those living in the housing project, Bil Housing Development Fund Co Inc not only meets essential housing needs but also contributes to the emotional and social well-being of vulnerable populations. This increases community stability, reduces social isolation, and provides residents with access to supportive resources, ultimately leading to a more inclusive society.
This information is meant to be a general summary of Bil 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: $32
- Program Service Revenue: $208,872
- Gross Receipts: $221,040
Assets and Liabilities:
- Total Assets: $605,219
- Total Liabilities: $470,862
- Net Assets: $134,357
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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
$180,812
RENTAL INCOME
Revenue
$28,060
Organization Details
Founding Year
1995
Phone
(716) 884-7791Principal Officer
Michael D Riegel
Main Address
2393 MAIN STREET, BUFFALO, NY, 14214
NTEE Category
Code: L80Z - Housing
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