Overview
What is Galvan Asset Management Inc?
Galvan Asset Management Inc is a nonprofit organization situated in Hudson, New York. Its primary mission is to offer affordable and low-cost rental housing to families classified as low-income, in accordance with government guidelines. Additionally, the organization provides low-cost rental spaces as administrative offices for various not-for-profit and charitable corporations. The organization employs a team of nine individuals in fulfilling its mission.
Official website here: www.housingresources.org
Is Galvan Asset Management Inc legitimate?
Galvan Asset Management Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Galvan Asset Management 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: $113,474
For more financial information, click here
Official website here: www.housingresources.org
What is the mission statement of Galvan Asset Management Inc?
Galvan Asset Management Inc is formed with a specific purpose. Its primary objective is to offer affordable rental housing to low-income families, as per government guidelines. Additionally, the organization provides low-cost rental spaces as administrative offices for various not-for-profit and charitable corporations. The corporation collects rent and turns over the entire amount, after deducting expenses, to Galvan Housing Resources Inc and The Galvan Foundation Charitable Trust. These entities use the funds to provide affordable housing and support for low-income families.
Official website here: www.housingresources.org
Who is the CEO of Galvan Asset Management Inc?
T Eric Galloway is the President of Galvan Asset Management Inc.
Official website here: www.housingresources.org
What is the revenue of Galvan Asset Management Inc?
Galvan Asset Management Inc's revenue in 2022 was $1,035,795.
Official website here: www.housingresources.org
Who are the executives of Galvan Asset Management Inc and what are their salaries?
The average compensation at Galvan Asset Management Inc during 2022 was $12,608. There are 9 employees at Galvan Asset Management 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
Official website here: www.housingresources.org
Where can I find the form 990 for Galvan Asset Management Inc?
Galvan Asset Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housingresources.org
Learn more at the official website: www.housingresources.org
Mission Statement of Galvan Asset Management Inc
Galvan Asset Management Inc is dedicated to providing affordable rental housing for low-income families, as defined by government guidelines. This mission extends beyond just housing, as the organization also offers low-cost rental spaces as administrative offices for various not-for-profit and charitable corporations. The primary objective of Galvan Asset Management Inc is to hold title to property, collect rent, and then transfer the entire amount, less expenses, to Galvan Housing Resources Inc, a New York not-for-profit corporation, and the Galvan Foundation Charitable Trust, a New York unincorporated charitable trust. This structure allows Galvan Asset Management Inc to focus on its mission of providing affordable housing and office spaces, while ensuring the proper allocation of funds to support its cause further.
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Impact
October, 2024
Galvan Asset Management Inc plays a crucial role in strengthening the community by addressing the pressing need for affordable housing. By providing low-cost, affordable rental options, the organization supports low-income families in accessing stable living conditions, which is essential for their overall well-being and development.
In addition to housing, Galvan Asset Management Inc also offers low-cost rental spaces for administrative offices serving other nonprofit and charitable organizations. This not only facilitates the operations of these organizations but also fosters collaboration and community engagement among various entities working towards common goals.
Overall, the impact of Galvan Asset Management Inc is significant, as it directly contributes to community improvement by enhancing the availability of affordable housing and supporting the operational needs of nonprofits dedicated to social causes.
This information is meant to be a general summary of Galvan Asset Management 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: $19
- Program Service Revenue: $1,035,776
- Gross Receipts: $1,035,795
Assets and Liabilities:
- Total Assets: $4,235,956
- Total Liabilities: $5,291,577
- Net Assets: -$1,055,621
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE FOR SERVICE INCOME
Revenue
$390,316
STATE STREET
Revenue
$153,799
RICHARDSON HALL LP
Revenue
$145,921
2ND & WARREN
Revenue
$108,479
540 COLUMBIA
Revenue
$56,760
Organization Details
Founding Year
1999
Phone
(518) 822-0707Principal Officer
T Eric Galloway
Main Address
252 COLUMBIA STREET, HUDSON, NY, 12534
Website
www.housingresources.orgNTEE Category
Code: S47 - Community improvement
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