Overview
What is 63 Thompson Street Housing Development Fund Corporation?
The 63 Thompson Street Housing Development Fund Corporation is a nonprofit organization, established with the primary objective of creating and administering affordable housing units for individuals with low income. Situated in New York City, specifically at 902 Broadway, 13th Floor, this organization has been actively involved in providing 21 such units during its operations. Their mission is centered around developing, owning, and managing housing projects on a non-profit basis, aiming to contribute positively to the community. The organization is staffed by a small team of two individuals.
Is 63 Thompson Street Housing Development Fund Corporation legitimate?
63 Thompson Street Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. 63 Thompson 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: $16,448
For more financial information, click here
What is the mission statement of 63 Thompson Street Housing Development Fund Corporation?
The 63 Thompson Street Housing Development Fund Corporation was established with a specific mission. This mission involves the development, ownership, and operation of a housing project, all on a non-profit basis. The primary beneficiaries of this project are individuals who fall under the category of low income. The corporation operates with the goal of providing affordable housing units to these individuals, as evidenced by the 21 affordable units they provided during a given year.
Who is the CEO of 63 Thompson Street Housing Development Fund Corporation?
Adam Weinstein is the President of 63 Thompson Street Housing Development Fund Corporation.
What is the revenue of 63 Thompson Street Housing Development Fund Corporation?
63 Thompson Street Housing Development Fund Corporation's revenue in 2022 was $410,958.
Who are the executives of 63 Thompson Street Housing Development Fund Corporation and what are their salaries?
The average compensation at 63 Thompson Street Housing Development Fund Corporation during 2022 was $8,224. There are 2 employees at 63 Thompson Street Housing Development Fund Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $791,174
- Other: $162,104
- Compensation: $0
- Related: $330,476
- Other: $74,903
- Compensation: $0
- Related: $302,845
- Other: $69,987
- Compensation: $0
- Related: $326,830
- Other: $74,122
- Compensation: $0
- Related: $301,098
- Other: $58,003
Where can I find the form 990 for 63 Thompson Street Housing Development Fund Corporation?
63 Thompson Street Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 63 Thompson Street Housing Development Fund Corporation
63 Thompson Street Housing Development Fund Corporation was established with a noble mission to serve the housing needs of individuals of low income. This non-profit organization was founded with the primary objective of developing, owning, and managing affordable housing projects on a non-profit basis. The corporation's mission is deeply rooted in the provision of affordable housing, aiming to make a significant impact in the lives of those who may otherwise struggle to secure suitable living accommodations. During the year, 63 Thompson Street Housing Development Fund Corporation succeeded in providing 21 such affordable housing units, demonstrating its commitment to its mission. The organization's work is crucial in ensuring that individuals of low income have access to safe, affordable housing, thereby improving their overall quality of life.
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Impact
October, 2024
63 Thompson Street Housing Development Fund Corporation plays a crucial role in addressing the housing needs of low-income individuals in New York City. By developing, owning, and operating affordable housing projects, it directly contributes to the availability of essential housing options for those who might otherwise struggle to find suitable accommodation.
The corporation successfully provided 21 affordable housing units, making a tangible impact on the local community. These units not only offer a roof over the heads of residents but also foster a sense of stability and security, which is pivotal for personal and communal growth. The initiative helps combat the increasing challenges of housing affordability in urban environments, ensuring that low-income residents have access to safe and decent living conditions.
Overall, 63 Thompson Street Housing Development Fund Corporation is instrumental in enhancing the quality of life for vulnerable populations in New York City, promoting inclusivity and community development through its housing initiatives.
This information is meant to be a general summary of 63 Thompson 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.
- Investment Income: $318
- Program Service Revenue: $406,451
- Gross Receipts: $410,958
Assets and Liabilities:
- Total Assets: $8,524,997
- Total Liabilities: $10,349,804
- Net Assets: -$1,824,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$406,451
Organization Details
Founding Year
2009
Phone
(212) 243-9090Principal Officer
Adam Weinstein
Main Address
902 BROADWAY 13TH FLOOR, NEW YORK, NY, 100106033
NTEE Category
Code: L20 - Housing
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