Overview
What is 396 Straight Street Corporation?
396 Straight Street Corporation is a nonprofit organization situated in Paterson, New Jersey, with an address at 508 Straight Street. Their primary mission is to offer affordable housing to individuals with disabilities. Through a Low-Income Housing Development sponsored by the U.S. Department of Housing and Urban Development (HUD), they provide a safe and supportive living environment for these individuals. Their goal is to ensure that individuals with disabilities have access to suitable housing, enhancing their quality of life and fostering a sense of community.
Is 396 Straight Street Corporation legitimate?
396 Straight Street Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 396 Straight Street Corporation 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: $0
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What is the mission statement of 396 Straight Street Corporation?
The 396 Straight Street Corporation is committed to providing low-income housing for individuals with disabilities. This mission is the cornerstone of their activities, aiming to offer a living space for those who require special accommodations due to their disabilities. Their primary objective is to ensure that these individuals have access to suitable housing, thereby enhancing their quality of life. The corporation's operations are supported by the net rental income from low-income housing developments sponsored by the HUD.
Who is the CEO of 396 Straight Street Corporation?
Angela Nikolovski is the Secretary of 396 Straight Street Corporation. The CEO's salary of 396 Straight Street Corporation is $0 and their total compensation is $0.
What is the revenue of 396 Straight Street Corporation?
396 Straight Street Corporation's revenue in 2022 was -$84,873.
Who are the executives of 396 Straight Street Corporation and what are their salaries?
Here are 3 key members and their salaries (396 Straight Street Corporation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 396 Straight Street Corporation?
396 Straight Street Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 396 Straight Street Corporation
396 Straight Street Corporation, as a nonprofit organization, is dedicated to providing low-income housing for individuals with disabilities. Its mission is centered around creating an environment that caters to the unique needs of these individuals, ensuring they have a place to call home. The corporation's activities primarily revolve around this mission, with a focus on developing and managing affordable housing options that cater to individuals with disabilities. The organization's net rental income, or loss, is often influenced by sponsorships from the U.S. Department of Housing and Urban Development (HUD), further demonstrating its commitment to this cause.
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Impact
October, 2024
396 Straight Street Corporation plays a crucial role in the community by providing low-income housing specifically designed for individuals with disabilities. This initiative addresses a significant social need, ensuring that one of the most vulnerable populations has access to safe and affordable living options.
Through its low-income housing development, sponsored by HUD, 396 Straight Street Corporation not only contributes to addressing housing insecurity but also promotes inclusivity and accessibility within Paterson, NJ. By generating net rental income from these properties, the organization can continue to sustain and potentially expand its offerings, ultimately fostering a more equitable living environment for those who face additional challenges due to disabilities. This impact extends beyond housing; it enhances the quality of life for residents and encourages community integration, thereby fostering a more supportive and diverse society.
This information is meant to be a general summary of 396 Straight Street Corporation. 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: $28
- Gross Receipts: $404,842
Assets and Liabilities:
- Total Assets: $1,441,392
- Total Liabilities: $3,296,964
- Net Assets: -$1,855,572
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Organization Details
Founding Year
1992
Principal Officer
Angela Nikolovski
Main Address
508 STRAIGHT STREET, Paterson, NJ, 07524
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