Overview
What is Preserving City Neighborhoods Housing Development Fund Corp?
Preserving City Neighborhoods Housing Development Fund Corp, located in New York City, is a nonprofit organization dedicated to preserving and creating affordable housing projects for low- and moderate-income individuals. Their mission extends beyond providing housing, aiming to combat blight and strengthen communities across New York City. The organization follows federal, state, and city regulations while managing and disposing of its properties.
Official website here: www.neighborhoodrestore.org
Is Preserving City Neighborhoods Housing Development Fund Corp legitimate?
Preserving City Neighborhoods Housing Development Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preserving City Neighborhoods Housing Development Fund Corp 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.neighborhoodrestore.org
What is the mission statement of Preserving City Neighborhoods Housing Development Fund Corp?
The Preserving City Neighborhoods Housing Development Fund Corp is established with a mission to preserve and create affordable housing projects for individuals with low and moderate income. Beyond promoting affordable housing opportunities, the corporation aims to combat and eradicate blight and promote the stabilization of communities across the city. This is done with the objective of improving living conditions and fostering community development. The corporation operates on a non-profit basis, ensuring that its efforts are geared towards the betterment of the community it serves.
Official website here: www.neighborhoodrestore.org
Who is the CEO of Preserving City Neighborhoods Housing Development Fund Corp?
Mr Salvatore D' Avola is the President of Preserving City Neighborhoods Housing Development Fund Corp.
Official website here: www.neighborhoodrestore.org
What is the revenue of Preserving City Neighborhoods Housing Development Fund Corp?
Preserving City Neighborhoods Housing Development Fund Corp's revenue in 2022 was $1,770,862.
Official website here: www.neighborhoodrestore.org
Who are the executives of Preserving City Neighborhoods Housing Development Fund Corp and what are their salaries?
There 5 volunteers at Preserving City Neighborhoods Housing Development Fund Corp.
Here are 7 key members and their salaries:
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- Related: $247,449
- Other: $23,426
Official website here: www.neighborhoodrestore.org
Where can I find the form 990 for Preserving City Neighborhoods Housing Development Fund Corp?
Preserving City Neighborhoods Housing Development Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neighborhoodrestore.org
Learn more at the official website: www.neighborhoodrestore.org
Mission Statement of Preserving City Neighborhoods Housing Development Fund Corp
Preserving City Neighborhoods Housing Development Fund Corp is a non-profit organization with a mission to preserve and create affordable housing opportunities for individuals of low and moderate income. Beyond this, the corporation aims to prevent and eliminate blight within communities and foster their stability throughout New York City. By maintaining and disposing of properties in accordance with federal, state, and city regulations, Preserving City Neighborhoods Housing Development Fund Corp contributes to the betterment of neighborhoods and the overall well-being of its residents.
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Impact
October, 2024
Preserving City Neighborhoods Housing Development Fund Corp plays a significant role in enhancing the quality of life for low and moderate-income individuals in New York City. By focusing on the preservation and creation of affordable housing projects, it addresses a critical need in the urban landscape, where housing costs are often prohibitive for many residents.
The organization actively promotes affordable housing opportunities, which not only provides shelter but also fosters community stability and growth. Its endeavors extend beyond mere construction; by working to eliminate blight, it helps rejuvenate neighborhoods, making them safer and more appealing to residents and businesses alike.
Moreover, the fund ensures compliance with federal, state, and city regulations while managing its properties, which is essential for maintaining transparency and accountability. Through these efforts, it contributes to the broader goal of community stabilization, ultimately enhancing the social and economic fabric of the areas it serves.
This information is meant to be a general summary of Preserving City Neighborhoods Housing Development Fund Corp. 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: $344,872
- Program Service Revenue: $924,828
- Gross Receipts: $2,256,832
Assets and Liabilities:
- Total Assets: $26,998,817
- Total Liabilities: $74,380
- Net Assets: $26,924,437
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE INTEREST INCO
Revenue
$681,828
PCN FEE
Revenue
$240,000
STANDBY FEES
Revenue
$3,000
Organization Details
Founding Year
2011
Phone
(212) 584-8981Principal Officer
Mr Salvatore D' Avola
Main Address
150 BROADWAY 2101, NEW YORK, NY, 10038
Website
www.neighborhoodrestore.orgNTEE Category
Code: L20 - Housing
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