Overview
What is Sugar Hill New Market Tax Credit Inc?
Sugar Hill New Market Tax Credit Inc is a nonprofit organization that plays a crucial role in facilitating the financing for the Sugar Hill project, a unique initiative that combines affordable housing with early education and educational advocacy, as well as access to the arts. Located in New York, the organization accomplishes this through Sugar Hill Leverage, LLC, a New York limited liability company specifically formed for this purpose. The Sugar Hill project consists of a multi-use building, housing 124 affordable studio, one, two, and three-bedroom apartments, an early childhood center known as the Sugar Hill Museum Preschool, rental space, an underground parking garage, and the Sugar Hill Children's Museum of Art and Storytelling. The organization's primary aim is to contribute to the development of this comprehensive community project.
Official website here: www.broadwayhousing.org
Is Sugar Hill New Market Tax Credit Inc legitimate?
Sugar Hill New Market Tax Credit Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Sugar Hill New Market Tax Credit Inc 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.broadwayhousing.org
What is the mission statement of Sugar Hill New Market Tax Credit Inc?
Sugar Hill New Market Tax Credit Inc's mission is centered around assisting in the development of a multi-use building. This project, known as the Sugar Hill Project, comprises various facilities. The primary component is a building with 124 affordable studio, one, two, and three-bedroom apartments. Additionally, there's an early childhood center named the Sugar Hill Museum Pre-School, rental spaces, an underground parking garage, and the Sugar Hill Children's Museum of Art and Storytelling. The organization's primary objective is to contribute to the development of this comprehensive project, aiming to benefit a broad community.
Official website here: www.broadwayhousing.org
Who is the CEO of Sugar Hill New Market Tax Credit Inc?
Charlene Melville is the Principal Officer of Sugar Hill New Market Tax Credit Inc.
Official website here: www.broadwayhousing.org
What is the revenue of Sugar Hill New Market Tax Credit Inc?
Sugar Hill New Market Tax Credit Inc's revenue in 2022 was $190.
Official website here: www.broadwayhousing.org
Who are the executives of Sugar Hill New Market Tax Credit Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $201,616
- Other: $35,884
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $150,577
- Other: $25,207
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $189,697
- Other: $36,613
Official website here: www.broadwayhousing.org
Where can I find the form 990 for Sugar Hill New Market Tax Credit Inc?
Sugar Hill New Market Tax Credit Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.broadwayhousing.org
Learn more at the official website: www.broadwayhousing.org
Mission Statement of Sugar Hill New Market Tax Credit Inc
Sugar Hill New Market Tax Credit Inc, as per its mission, works towards aiding in the development of a multi-use building. This project, known as the Sugar Hill Project, comprises several components. The main feature is the construction of 124 affordable studio, one, two, and three-bedroom apartments. Additionally, the project includes an early childhood center named Sugar Hill Museum Preschool, rental spaces, an underground parking garage, and the Sugar Hill Children's Museum of Art and Storytelling. By undertaking this development, Sugar Hill New Market Tax Credit Inc aims to contribute to the broader community, providing a diverse range of facilities that cater to various needs.
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Impact
October, 2024
Sugar Hill New Market Tax Credit Inc significantly impacts its community by facilitating the construction and development of the Sugar Hill Project, a multi-use building that integrates affordable housing with educational and cultural resources.
The project provides 124 affordable studio, one, two, and three-bedroom apartments, creating essential housing opportunities for families in New York City. Beyond residential space, the venue includes the Sugar Hill Museum Pre-School, offering early childhood education and fostering a strong foundation for young learners. The presence of the Sugar Hill Children's Museum of Art and Storytelling enriches the community by providing access to the arts, promoting cultural appreciation and creativity among children and their families.
By facilitating financing for this project through Sugar Hill Leverage, LLC, the organization plays a crucial role in addressing housing affordability while promoting educational advocacy and access to arts. This holistic approach helps to uplift the community, supporting families' well-being and enhancing the overall quality of life in the area.
This information is meant to be a general summary of Sugar Hill New Market Tax Credit Inc. 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.
- Gross Receipts: $190
Assets and Liabilities:
- Total Assets: $22,927,086
- Total Liabilities: $1,449,267
- Net Assets: $21,477,819
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Organization Details
Founding Year
2011
Phone
(212) 568-2030Principal Officer
Charlene Melville
Main Address
583 RIVERSIDE DRIVE, NEW YORK, NY, 10031
Website
www.broadwayhousing.orgNTEE Category
Code: L80 - Housing
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