Overview
What is Steger Ii Housing Development Fund Company Inc?
Steger II Housing Development Fund Company Inc is a nonprofit organization established with the primary objective of developing, owning, and operating a low-income housing project for the elderly, in accordance with Section 202 of the National Housing Act. This mission led to the establishment of St. Jude II Apartments, a 39-unit project situated in Rochester, New York. The company's operations are dedicated to providing affordable housing for the elderly, contributing to the community's well-being and social welfare.
Is Steger Ii Housing Development Fund Company Inc legitimate?
Steger Ii Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Steger Ii 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: $88,045
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What is the mission statement of Steger Ii Housing Development Fund Company Inc?
Steger II Housing Development Fund Company Inc was established with a specific purpose: to develop, own, and operate a low-income housing project for the elderly. This mission is in accordance with Section 202 of the National Housing Act. The company has focused its activities on the development and operation of a 39-unit project known as St. Jude II Apartments, located in Rochester, New York, on a non-profit basis. The aim of this project is to provide affordable housing for the elderly, contributing to their well-being and ensuring they have a suitable living environment.
What is the revenue of Steger Ii Housing Development Fund Company Inc?
Steger Ii Housing Development Fund Company Inc's revenue in 2024 was $323,206.
Who are the executives of Steger Ii Housing Development Fund Company Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Steger Ii Housing Development Fund Company Inc?
Steger Ii Housing Development Fund Company Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Steger Ii Housing Development Fund Company Inc
Steger II Housing Development Fund Company Inc, as a non-profit organization, was established with a specific mission to develop, own, and operate a low-income housing project. This mission is in accordance with Section 202 of the National Housing Act. The company's primary objective was to create a low-income housing project on a non-profit basis, which they successfully accomplished with the St. Jude II Apartments, a 39-unit project located in Rochester, New York. The mission of Steger II Housing Development Fund Company Inc is to provide affordable housing solutions for the elderly, contributing to their well-being and ensuring they have a safe and comfortable living environment.
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Impact
October, 2024
Steger II Housing Development Fund Company Inc plays a critical role in addressing the housing needs of low-income elderly individuals in Rochester, New York. By developing, owning, and operating the St. Jude II Apartments, the organization provides affordable, secure housing specifically designed for older adults. This initiative not only contributes to the well-being of its residents but also fosters a sense of community and stability among a vulnerable population.
The project aligns with Section 202 of the National Housing Act, ensuring that the housing developed meets the unique requirements of elderly residents, promoting accessibility and comfort. By focusing on low-income housing, Steger II Housing Development Fund Company Inc helps alleviate housing insecurity, allowing seniors to live independently and maintain their dignity.
Additionally, the presence of such housing projects can have a positive ripple effect on the local economy and community by attracting resources, services, and support systems tailored for seniors, ultimately enhancing their quality of life.
This information is meant to be a general summary of Steger Ii 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $2,427
- Program Service Revenue: $151,048
- Gross Receipts: $323,206
Assets and Liabilities:
- Total Assets: $1,438,747
- Total Liabilities: $3,663,360
- Net Assets: -$2,224,613
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$151,048
Organization Details
Founding Year
2003
Principal Officer
Sharon Paris
NTEE Category
Code: L22 - Housing
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