Overview
What is 326 East 126th Street Housing Development Fund Corporation?
The 326 East 126th Street Housing Development Fund Corporation is a nonprofit organization situated in New York, New York. Its primary mission is to offer affordable housing for individuals with chronic mental disabilities, aligning with Section 811 of the National Affordable Housing Act. The organization has established a partnership with 326 East 126th Street L.P. for the operation of a residential housing project at the specified address. The construction of this project is being overseen by the organization's agent and sole member, The Bridge, Inc., which has secured funding for the project through a loan from OMH/DASNY.
Is 326 East 126th Street Housing Development Fund Corporation legitimate?
326 East 126th Street Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. 326 East 126th Street Housing Development Fund 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
For more financial information, click here
What is the mission statement of 326 East 126th Street Housing Development Fund Corporation?
The 326 East 126th Street Housing Development Fund Corporation's mission is centered around providing affordable housing for individuals with chronic mental disabilities. This is in alignment with Section 811 of the National Affordable Housing Act. To accomplish this, the organization entered into an agreement with 326 East 126th Street L.P. for the operation of a housing project. The construction of this residential project is being overseen by the organization's agent, The Bridge, Inc., situated in New York, New York. The project is funded and financed through a loan secured from OMH/DASNY.
Who is the CEO of 326 East 126th Street Housing Development Fund Corporation?
Cynthia Wainwright is the Principal Officer of 326 East 126th Street Housing Development Fund Corporation. The CEO's salary of 326 East 126th Street Housing Development Fund Corporation is $0 and their total compensation is $323,102.
What is the revenue of 326 East 126th Street Housing Development Fund Corporation?
326 East 126th Street Housing Development Fund Corporation's revenue in 2022 was $541,473.
Who are the executives of 326 East 126th Street Housing Development Fund Corporation and what are their salaries?
There 3 volunteers at 326 East 126th Street Housing Development Fund Corporation.
Here are 5 key members and their salaries (326 East 126th Street Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $323,102):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $307,701
- Other: $15,401
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 326 East 126th Street Housing Development Fund Corporation?
326 East 126th Street Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 326 East 126th Street Housing Development Fund Corporation
The 326 East 126th Street Housing Development Fund Corporation is committed to providing affordable housing for individuals with chronic mental disabilities. This mission is carried out under Section 811 of the National Affordable Housing Act. To achieve this goal, the organization entered into an operating agreement with 326 East 126th Street L.P. and is currently constructing a residential housing project at 326 East 126th Street, New York, New York. This project is being financed and funded through a loan made by OMH/DASNY. The organization's primary agent and sole member, The Bridge, Inc., is responsible for overseeing this project. The 326 East 126th Street Housing Development Fund Corporation's mission is vital in ensuring that individuals with chronic mental disabilities have access to safe and affordable housing, thereby enhancing their overall quality of life.
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Impact
October, 2024
326 East 126th Street Housing Development Fund Corporation plays a crucial role in enhancing the lives of individuals with chronic mental disabilities by providing affordable housing. The organization has developed a residential housing project at 326 East 126th Street in New York, designed specifically to meet the needs of this vulnerable population.
By entering into an operating agreement with 326 East 126th Street L.P., the corporation ensures the seamless management and operation of the housing facility. The project, financed through a loan by OMH/DASNY, signifies a strategic investment in the well-being of its residents, promoting stability and community integration.
The mission focuses on delivering not only shelter but also a supportive environment conducive to the healing and development of individuals facing chronic mental health challenges. By aligning with the Section 811 provision of the National Affordable Housing Act, the corporation enhances access to safe, accessible housing, fostering a sense of security and belonging for those it serves. Overall, this initiative significantly contributes to the quality of life and independence for individuals with mental disabilities in New York City.
This information is meant to be a general summary of 326 East 126th Street Housing Development Fund 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.
- Program Service Revenue: $541,473
- Gross Receipts: $541,473
Assets and Liabilities:
- Total Assets: $7,480,968
- Total Liabilities: $4,215,656
- Net Assets: $3,265,312
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RELATED INT.
Revenue
$541,473
Organization Details
Founding Year
2007
Phone
(212) 663-3000Principal Officer
Cynthia Wainwright
Main Address
290 LENOX AVENUE 3RD FLOOR, NEW YORK, NY, 10027
NTEE Category
Code: Z99 - Unknown
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