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Soundview Senior Housing Development Fund Company Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 300162353 ✦ St albans, NY ✦ Designated as a 501(c)(3)

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Overview

What is Soundview Senior Housing Development Fund Company Inc?

Soundview Senior Housing Development Fund Company Inc, established in 2002, is a nonprofit organization sponsored by the Northeastern Conference Corporation of Seventh-Day Adventists. Their primary mission is to operate a senior housing facility, catering to the elderly and handicapped. This facility, consisting of 72 units, is funded through the U.S. Department of Housing and Urban Development under Section 202 and is eligible for HUD Section 8 rental assistance. The organization's purpose is to provide a comfortable living space for its residents, with regulations set by HUD to ensure fair rent charges and operating methods.

Is Soundview Senior Housing Development Fund Company Inc legitimate?

Soundview Senior Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Soundview Senior Housing Development Fund Company 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

What is the mission statement of Soundview Senior Housing Development Fund Company Inc?

Soundview Senior Housing Development Fund Company Inc's mission is centered around operating a senior housing facility, specifically designed for the elderly and individuals with disabilities. The organization, established in 2002, was sponsored by the Northeastern Conference Corporation of Seventh-Day Adventists. Financed through the U.S. Department of Housing and Urban Development, the entity comprises 72 units eligible for Section 8 rental assistance. This housing facility is regulated by HUD in terms of rent charges and operational methods.

Who is the CEO of Soundview Senior Housing Development Fund Company Inc?

Trevor Mclean is the President of Soundview Senior Housing Development Fund Company Inc.

What is the revenue of Soundview Senior Housing Development Fund Company Inc?

Soundview Senior Housing Development Fund Company Inc's revenue in 2022 was $1,738,148.

Who are the executives of Soundview Senior Housing Development Fund Company Inc and what are their salaries?

There 6 volunteers at Soundview Senior Housing Development Fund Company Inc.


Here are 6 key members and their salaries:


Trevor Mclean (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Rivera (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Mohammed (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ian Burnell Hobson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruel Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Almoa F Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Soundview Senior Housing Development Fund Company Inc?

Soundview Senior Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Soundview Senior Housing Development Fund Company Inc

Soundview Senior Housing Development Fund Company Inc is committed to providing a safe and supportive living environment for the elderly and individuals with disabilities. Established in 2002, the organization was funded by the Northeastern Conference Corporation of Seventh-Day Adventists and sponsored by the U.S. Department of Housing and Urban Development (HUD) under Section 202. The company operates a 72-unit senior housing facility, eligible for HUD Section 8 rental assistance, which is regulated by HUD in terms of rent charges and operational methods. This nonprofit organization's mission is to ensure that the elderly and handicapped residents have access to a comfortable and secure living space, which is an essential aspect of their well-being.

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Impact




October, 2024

Soundview Senior Housing Development Fund Company Inc significantly impacts the St. Albans community by providing essential housing solutions for the elderly and handicapped. By operating a 72-unit senior housing facility, this organization addresses the critical need for affordable and accessible living spaces for vulnerable populations.

The facility is specifically designed to cater to the needs of seniors, offering a supportive environment that enhances their quality of life. With financial backing from the U.S. Department of Housing and Urban Development under Section 202, the organization ensures that residents can benefit from HUD Section 8 rental assistance. This financial structure allows for regulated and manageable rent charges, making housing more accessible to those with limited income.

Furthermore, the presence of Soundview Senior Housing fosters a sense of community, offering not just shelter but also an environment where seniors can socialize and engage in various activities. By prioritizing the elderly and those with disabilities, Soundview Senior HDFC plays a vital role in promoting dignity, independence, and well-being among its residents, positively impacting both individual lives and the broader community.




This information is meant to be a general summary of Soundview Senior Housing Development Fund Company 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.

Revenue
$1,738,148 (2022)
Expenses
$1,619,461 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $400
  • Program Service Revenue: $279,884
  • Gross Receipts: $1,738,148

Assets and Liabilities:

  • Total Assets: $11,363,016
  • Total Liabilities: $13,008,504
  • Net Assets: -$1,645,488

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$279,884

Organization Details

Founding Year

2002

Principal Officer

Trevor Mclean

Main Address

115-50 MERRICK BLVD, ST ALBANS, NY, 114341896

NTEE Category

Code: L22 - Housing

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