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Parkway Commons Housing Development Fund Co Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223130818 ✦ Rochester, NY ✦ Designated as a 501(c)(3)

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Overview

What is Parkway Commons Housing Development Fund Co Inc?

Parkway Commons Housing Development Fund Co Inc is a nonprofit organization situated in Rochester, New York. Its primary mission is to provide affordable housing for elderly and handicapped individuals, in compliance with Article XI of the Private Housing Finance Law and Section 202 of the Not-for-Profit Corporate Law. The organization offers 55 apartments designed specifically for this demographic, aiming to enhance their quality of life.


Official website here: www.rochesterregional.org

Is Parkway Commons Housing Development Fund Co Inc legitimate?

Parkway Commons Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parkway Commons 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: $53,377

For more financial information, click here


Official website here: www.rochesterregional.org

What is the mission statement of Parkway Commons Housing Development Fund Co Inc?

Parkway Commons Housing Development Fund Co Inc is dedicated to providing affordable housing for the elderly and handicapped. This is achieved through the development of a housing project that comprises 55 apartments, in accordance with Article XI of the Private Housing Finance Law, Section 202 of the Not-for-Profit Corporate Law. The organization's mission is to offer a living space that caters to the needs of this specific demographic, thereby contributing to their well-being and quality of life. The project is structured under the provisions of the mentioned laws, ensuring it fulfills its purpose of providing housing for those who require it the most.


Official website here: www.rochesterregional.org

Who is the CEO of Parkway Commons Housing Development Fund Co Inc?

Dr Richard Davis is the Principal Officer of Parkway Commons Housing Development Fund Co Inc. The CEO's salary of Parkway Commons Housing Development Fund Co Inc is $0 and their total compensation is $47,654.


Official website here: www.rochesterregional.org

What is the revenue of Parkway Commons Housing Development Fund Co Inc?

Parkway Commons Housing Development Fund Co Inc's revenue in 2022 was $332,984.


Official website here: www.rochesterregional.org

Who are the executives of Parkway Commons Housing Development Fund Co Inc and what are their salaries?


Here are 9 key members and their salaries (Parkway Commons Housing Development Fund Co Inc's CEO's salary is $0 and their total compensation is $47,654):


David Riedman (Chair Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anna Lynch (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert S Sands (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Efrain Rivera (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Davis Phd (Ceo)
  • Compensation: $0
  • Related: $1,294,014
  • Other: $11,212
Michael Nuccitelli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Crilly (Cfo)
  • Compensation: $0
  • Related: $1,333,009
  • Other: -$231,918
Hugh Thomas (Cao)
  • Compensation: $0
  • Related: $1,464,024
  • Other: -$194,485
Eric Bieber (Former Ceo)
  • Compensation: $0
  • Related: $47,360
  • Other: $294


Official website here: www.rochesterregional.org

Where can I find the form 990 for Parkway Commons Housing Development Fund Co Inc?

Parkway Commons Housing Development Fund Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rochesterregional.org

Learn more at the official website: www.rochesterregional.org

Mission Statement of Parkway Commons Housing Development Fund Co Inc

Parkway Commons Housing Development Fund Co Inc is committed to providing affordable housing for elderly and handicapped individuals. This nonprofit organization operates a housing project with 55 apartments, in line with Article XI of the Private Housing Finance Law and Section 202 of the Not-for-Profit Corporate Law. The mission of Parkway Commons Housing Development Fund Co Inc is to create a living environment that caters to the unique needs of this specific population, ensuring they have access to safe and suitable housing. The project's focus on elderly and handicapped individuals underscores its dedication to supporting vulnerable communities and promoting social inclusion.

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Impact




October, 2024

Parkway Commons Housing Development Fund Co Inc significantly impacts the community by providing a vital housing solution for elderly and handicapped individuals in Rochester, NY. With 55 apartments specifically designed to accommodate low-income residents, this development addresses a critical need for affordable housing options. By creating an inclusive environment, Parkway Commons fosters independence and stability for its residents, enabling them to live comfortably and securely. This initiative not only enhances the quality of life for the elderly and handicapped but also promotes a sense of community and belonging, contributing to the overall well-being of its residents.




This information is meant to be a general summary of Parkway Commons 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.

Revenue
$332,984 (2022)
Expenses
$383,178 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,326
  • Program Service Revenue: $307,491
  • Gross Receipts: $332,984

Assets and Liabilities:

  • Total Assets: $1,574,991
  • Total Liabilities: $2,560,221
  • Net Assets: -$985,230

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$307,491

Organization Details

Founding Year

1993

Principal Officer

Dr Richard Davis

Main Address

1555 LONG POND RD, ROCHESTER, NY, 14626

NTEE Category

Code: L20Z - Housing

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