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Los Sures 101 South 3rd Housing Development Fund Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 264808968 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Los Sures 101 South 3rd Housing Development Fund Corporation?

Los Sures 101 South 3rd Housing Development Fund Corporation is a nonprofit organization, specifically incorporated to serve the housing needs of individuals with low income. Located in Brooklyn, New York, this corporation has a mission to own, rehabilitate, manage, lease, maintain, develop, and operate a housing project, providing homes for 35 such residents. Their activities are centered around this project, which aims to offer affordable housing and improve the living conditions for its residents.


Official website here: www.lossures.org

Is Los Sures 101 South 3rd Housing Development Fund Corporation legitimate?

Los Sures 101 South 3rd Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Sures 101 South 3rd 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


Official website here: www.lossures.org

What is the mission statement of Los Sures 101 South 3rd Housing Development Fund Corporation?

Los Sures 101 South 3rd Housing Development Fund Corporation was established with the primary objective of providing affordable housing for individuals of low-income. The corporation's mission is exclusively focused on owning, rehabilitating, managing, leasing, maintaining, developing, and operating a 35-unit housing project. Their activities are geared towards ensuring that these housing units are in good condition, leased to eligible individuals, and adequately maintained. The corporation's work contributes to providing a home for 35 individuals who may otherwise struggle with securing affordable housing.


Official website here: www.lossures.org

Who is the CEO of Los Sures 101 South 3rd Housing Development Fund Corporation?

Juan Ramos is the Board Member of Los Sures 101 South 3rd Housing Development Fund Corporation.


Official website here: www.lossures.org

What is the revenue of Los Sures 101 South 3rd Housing Development Fund Corporation?

Los Sures 101 South 3rd Housing Development Fund Corporation's revenue in 2022 was $406,293.


Official website here: www.lossures.org

Who are the executives of Los Sures 101 South 3rd Housing Development Fund Corporation and what are their salaries?

There 15 volunteers at Los Sures 101 South 3rd Housing Development Fund Corporation.


Here are 17 key members and their salaries:


Annette Rosado (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cassandra Acevedo (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damaris Reyes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Lopez (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gladys Ogando (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Israel Rosario (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maisha Morales (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Ocasio (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Needleman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Narvaez (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ricardo Molina (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wilfredo Vargas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Pacheco (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim O'Shea (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yowalkz Rosario (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juan Ramos (Executive Director)
  • Compensation: $0
  • Related: $140,848
  • Other: $15,855
Lenette Berrios (Finance Director)
  • Compensation: $0
  • Related: $131,594
  • Other: $15,855


Official website here: www.lossures.org

Where can I find the form 990 for Los Sures 101 South 3rd Housing Development Fund Corporation?

Los Sures 101 South 3rd Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lossures.org

Learn more at the official website: www.lossures.org

Mission Statement of Los Sures 101 South 3rd Housing Development Fund Corporation

Los Sures 101 South 3rd Housing Development Fund Corporation, a nonprofit organization, was established with a singular mission. Their primary objective is to provide affordable housing for individuals of low-income, within the realms of ownership, rehabilitation, management, leasing, maintenance, development, and operation. This housing project, located in Brooklyn, New York, serves as a sanctuary for 35 individuals, offering them a place to call home. The corporation's mission is instrumental in addressing the housing needs of this specific demographic, thereby contributing to their overall well-being.

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Impact




October, 2024

Los Sures 101 South 3rd Housing Development Fund Corporation plays a crucial role in addressing the housing needs of low-income individuals in Brooklyn, NY. By operating a 35-unit housing project, it provides affordable housing options, significantly aiding those who may struggle to find stable and secure living conditions in an increasingly expensive urban environment. The corporation not only owns and manages the housing but also focuses on rehabilitating and maintaining the properties, ensuring they are livable and sustainable for residents. This initiative not only improves individual quality of life but also contributes to the overall community by fostering stability and promoting socioeconomic diversity within the neighborhood.




This information is meant to be a general summary of Los Sures 101 South 3rd 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.

Revenue
$406,293 (2022)
Expenses
$620,483 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $11,486
  • Program Service Revenue: $390,330
  • Gross Receipts: $406,293

Assets and Liabilities:

  • Total Assets: $6,521,816
  • Total Liabilities: $2,820,383
  • Net Assets: $3,701,433

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$390,330

Organization Details

Founding Year

2009

Principal Officer

Juan Ramos

Main Address

434 SOUTH 5TH STREET, BROOKLYN, NY, 11211

NTEE Category

Code: L99 - Housing

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