Overview
What is Federation Building 74 Housing Development Fund Corporation?
Federation Building 74 Housing Development Fund Corporation is a nonprofit organization situated in West Babylon, New York, dedicated to the rehabilitation of housing for individuals with low income. Their primary objective is the development of real estate for this particular demographic. This mission involves revitalizing existing properties to provide affordable living spaces for those in need.
Is Federation Building 74 Housing Development Fund Corporation legitimate?
Federation Building 74 Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Federation Building 74 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
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What is the mission statement of Federation Building 74 Housing Development Fund Corporation?
The Federation Building 74 Housing Development Fund Corporation is dedicated to the mission of real estate development, specifically for housing that caters to individuals with lower income levels. This nonprofit organization aims to contribute to the housing sector by focusing on this particular demographic. Their primary objective is to provide suitable housing solutions, thereby enhancing living conditions for these individuals.
What is the revenue of Federation Building 74 Housing Development Fund Corporation?
Federation Building 74 Housing Development Fund Corporation's revenue in 2023 was $1,177,750.
Who are the executives of Federation Building 74 Housing Development Fund Corporation and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Federation Building 74 Housing Development Fund Corporation?
Federation Building 74 Housing Development Fund Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Federation Building 74 Housing Development Fund Corporation
Federation Building 74 Housing Development Fund Corporation is dedicated to the real estate development of affordable housing for low-income individuals. As a housing rehabilitation nonprofit, this organization prioritizes the creation and improvement of living spaces for those who might otherwise struggle to secure adequate housing. By focusing on low-income housing, this corporation aims to contribute to the betterment of communities and the lives of its residents. The organization's mission is to provide high-quality, affordable housing options, thereby promoting social equity and fostering vibrant, inclusive neighborhoods.
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Impact
October, 2024
Federation Building 74 Housing Development Fund Corporation plays a crucial role in addressing the housing needs of low-income individuals and families in West Babylon, NY. By focusing on the rehabilitation and development of affordable housing, the organization significantly contributes to the availability of safe and stable living conditions for those who may struggle to find suitable accommodations in the current housing market.
The initiative not only ameliorates housing conditions but also fosters community development and social stability. By revitalizing neighborhoods, it encourages local economic growth, supports families in need, and enhances overall quality of life. The organization's commitment to creating low-income housing helps alleviate the pressures of homelessness and housing insecurity, ultimately benefiting the greater community by promoting inclusivity and diversity.
This information is meant to be a general summary of Federation Building 74 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 2023.
- Investment Income: $428,276
- Gross Receipts: $1,177,750
Assets and Liabilities:
- Total Assets: $16,049,618
- Total Liabilities: $7,280,982
- Net Assets: $8,768,636
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Organization Details
Founding Year
2010
Principal Officer
Barbara Faron
NTEE Category
Code: L24 - Housing
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