Overview
What is Abby Lane Housing Corporation?
Abby Lane Housing Corporation is a nonprofit organization based in Syracuse, New York. Its primary role is to manage property on behalf of its sole member, ESF College Foundation, Inc. The corporation collects the entire income generated from the property and distributes the income after deducting expenses to the ESF College Foundation, Inc. This arrangement allows the foundation to benefit financially from the property owned by Abby Lane Housing Corporation. The corporation's activities are centered around property management, generating income, and distributing funds to its sole member.
Is Abby Lane Housing Corporation legitimate?
Abby Lane Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abby Lane Housing 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:
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Other Salaries and Wages: $85,000
For more financial information, click here
What is the mission statement of Abby Lane Housing Corporation?
Abby Lane Housing Corporation serves as a trustee for its sole member, ESF College Foundation, Inc., holding title to a particular property. Their primary function involves collecting the entire income generated from this property and subsequently distributing the income after deducting expenses, to the same foundation. Essentially, their role is to manage the property's income and allocate it to ESF College Foundation, Inc., thereby supporting its operations in some way. The specific purpose or objectives beyond this financial management role are not provided in the given information.
Who is the CEO of Abby Lane Housing Corporation?
Brenda Greenfield is the Executive Director of Abby Lane Housing Corporation.
What is the revenue of Abby Lane Housing Corporation?
Abby Lane Housing Corporation's revenue in 2022 was $5,600,891.
Who are the executives of Abby Lane Housing Corporation and what are their salaries?
There 12 volunteers at Abby Lane Housing Corporation.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Abby Lane Housing Corporation?
Abby Lane Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Abby Lane Housing Corporation
Abby Lane Housing Corporation, as a nonprofit entity, is entrusted with the responsibility of holding title to a specific property. The corporation's primary mission is to collect the entire income generated from this property and subsequently distribute the income, after accounting for expenses, to its sole member, ESF College Foundation, Inc. This role is essential in ensuring the financial sustainability of the ESF College Foundation, Inc., thereby contributing to its overall operations and objectives.
In essence, Abby Lane Housing Corporation serves as a financial intermediary, managing the property-related income and expenses on behalf of its sole member, ESF College Foundation, Inc. This arrangement allows the foundation to focus on its primary objectives without being directly involved in property management and income generation tasks. The corporation's mission is a crucial component of its relationship with ESF College Foundation, Inc., providing financial support that contributes to the foundation's overall operations and goals.
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Impact
October, 2024
Abby Lane Housing Corporation plays a significant role in supporting the educational mission of the ESF College Foundation, Inc. by managing property assets essential for the school's operations. By holding title to property, the corporation ensures stability and security for the foundation's real estate interests. It collects income generated from these properties and effectively distributes funds, after covering necessary expenses, back to the foundation. This process not only sustains the financial health of the foundation but also facilitates its ability to provide educational resources and support to students and faculty. The impact of Abby Lane Housing Corporation is evident in its contribution to enhancing educational opportunities and fostering a supportive environment for higher education in Syracuse, NY.
This information is meant to be a general summary of Abby Lane Housing 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: $75,764
- Program Service Revenue: $4,879,198
- Gross Receipts: $5,863,846
Assets and Liabilities:
- Total Assets: $31,694,418
- Total Liabilities: $30,873,805
- Net Assets: $820,613
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,879,198
Organization Details
Founding Year
2008
Phone
(315) 470-6683Principal Officer
Brenda Greenfield
Main Address
PO BOX 6486, SYRACUSE, NY, 132176486
NTEE Category
Code: B11 - Education
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