Overview
What is Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq?
Greater Germantown Housing Development Corp, now under the management of Gfs Esq, is a nonprofit organization located in Philadelphia, Pennsylvania. Their primary mission is to provide housing solutions for low-income families. By acquiring and rehabilitating properties, they offer rental or sale options that contribute to the prevention of urban blight and the overall improvement of Philadelphia's living conditions. Their initiatives aim to stabilize and enhance the urban living experience for these families, serving as a vital resource in the community.
Is Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq legitimate?
Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq 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: $44,430
For more financial information, click here
What is the mission statement of Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq?
The Greater Germantown Housing Development Corp's mission, prior to its bankruptcy, centered around acquiring and rehabilitating housing for sale or rent to low-income families. The primary objective was to prevent urban blight and contribute to the overall improvement and stabilization of urban living environments. The corporation aimed to provide affordable housing solutions, thereby enhancing living conditions and contributing to the betterment of urban communities.
Who is the CEO of Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq?
Gfs Esq is the Trustee of Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq.
What is the revenue of Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq?
Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq's revenue in 2021 was -$80,959.
Who are the executives of Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq?
Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq
Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq was established with a mission to enhance urban living in Philadelphia. The organization's primary objective was to acquire and rehabilitate housing units, making them available for rent or sale to low-income families. This initiative aimed to prevent blight and contribute to the stabilization and improvement of Philadelphia's urban environment. By providing affordable housing options, the corporation aimed to contribute positively to the community, ensuring that low-income families could reside in safe and well-maintained homes. Despite being bankrupt, the legacy of Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq continues to leave an impact on the community, having sold the rehabilitated housing units to eligible families.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Greater Germantown Housing Development Corp focused on acquiring and rehabilitating properties to provide affordable housing options for low-income families in Philadelphia. This initiative was aimed at preventing neighborhood blight and contributing to the stabilization and improvement of urban living conditions in the city. By selling or renting these rehabilitated homes, the organization played a crucial role in enhancing the quality of life for economically disadvantaged residents, fostering community development, and revitalizing neighborhoods.
However, the organization's bankruptcy suggests significant challenges, possibly including financial difficulties, mismanagement, or shifts in funding sources. This situation may disrupt housing availability and recovery efforts in affected areas, leading to increased vulnerability for low-income families who rely on affordable housing. The cessation of its activities could result in a diminished capacity for community revitalization efforts, potentially exacerbating issues of housing instability and urban decline in Philadelphia.
This information is meant to be a general summary of Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq. 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 2021.
- Investment Income: -$80,959
- Gross Receipts: $65,000
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $6,508,965
- Net Assets: -$6,508,965
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1977
Phone
(215) 238-0011Principal Officer
Gfs Esq
Main Address
8 PENN CTR 1628 JFK BLVD NO 1901, PHILADELPHIA, PA, 19103
NTEE Category
Code: L21 - Housing
If you are a representative of Greater Germantown Housing Development Corp (Bankrupt) C/O Gfs Esq and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.