Overview
What is Oh 161st St Housing Development Fund Corporation?
Oh 161st St Housing Development Fund Corporation is a nonprofit organization based in New York City, specifically at 120 Wall Street, 17th Floor. Their primary focus is to aid in the development and construction of affordable housing for low-income individuals. They generate income through their funding activities in this sector. The organization's mission aligns with the broader goal of providing accessible housing solutions, contributing positively to the community and addressing the housing needs of those in need.
Official website here: www.odysseyhouseinc.org
Is Oh 161st St Housing Development Fund Corporation legitimate?
Oh 161st St Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Oh 161st St 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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Official website here: www.odysseyhouseinc.org
What is the mission statement of Oh 161st St Housing Development Fund Corporation?
The Oh 161st St Housing Development Fund Corporation's mission lies in assisting with the development and construction of housing units for individuals with limited income. Their primary goal is to generate interest income from these low-income housing development projects. The corporation plays a significant role in providing affordable housing solutions, contributing to the betterment of the community by offering housing opportunities to those in need.
Official website here: www.odysseyhouseinc.org
Who is the CEO of Oh 161st St Housing Development Fund Corporation?
Durga Vallabhaneni is the President of Oh 161st St Housing Development Fund Corporation.
Official website here: www.odysseyhouseinc.org
What is the revenue of Oh 161st St Housing Development Fund Corporation?
Oh 161st St Housing Development Fund Corporation's revenue in 2022 was $1,089,703.
Official website here: www.odysseyhouseinc.org
Who are the executives of Oh 161st St Housing Development Fund Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $479,694
- Other: $83,366
- Compensation: $0
- Related: $355,683
- Other: $77,952
- Compensation: $0
- Related: $327,405
- Other: $76,194
Official website here: www.odysseyhouseinc.org
Where can I find the form 990 for Oh 161st St Housing Development Fund Corporation?
Oh 161st St Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.odysseyhouseinc.org
Learn more at the official website: www.odysseyhouseinc.org
Mission Statement of Oh 161st St Housing Development Fund Corporation
The Oh 161st St Housing Development Fund Corporation is dedicated to contributing to the development and construction of low-income housing. Their primary objective is to generate income through the financing of low-income housing development projects. This organization plays a significant role in providing affordable housing solutions for individuals and families with limited financial resources. By investing in the development of low-income housing, the Oh 161st St Housing Development Fund Corporation aims to contribute to the overall well-being and stability of the communities it serves.
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Impact
October, 2024
Oh 161st St Housing Development Fund Corporation plays a vital role in fostering affordable housing solutions in New York City. By focusing on the development and construction of low-income housing, the organization directly addresses the pressing need for accessible living spaces within urban environments. The interest income generated from funding these housing projects is reinvested to facilitate further developments, thereby expanding the availability of affordable homes. This contributes significantly to alleviating housing instability and promotes community resilience among economically disadvantaged populations, ensuring that more individuals and families have a stable place to live. In effect, the organization's efforts not only enhance the quality of life for residents but also support the broader social fabric of the community.
This information is meant to be a general summary of Oh 161st St 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: $381,842
- Gross Receipts: $1,089,703
Assets and Liabilities:
- Total Assets: $14,963,956
- Total Liabilities: $7,982,630
- Net Assets: $6,981,326
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Organization Details
Founding Year
2010
Phone
(212) 361-1625Principal Officer
Durga Vallabhaneni
Main Address
120 WALL STREET 17TH FLOOR, NEW YORK, NY, 10005
Website
www.odysseyhouseinc.orgNTEE Category
Code: L21 - Housing
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