Overview
What is 431 Herkimer Street Hdfc Inc?
431 Herkimer Street Hdfc Inc, based in New York City, is a nonprofit organization that focuses on providing affordable housing for individuals with chronic mental disabilities. This mission is in line with Section 811 of the National Affordable Housing Act. The organization's project, located in Brooklyn, was developed in collaboration with The Bridge, Inc. and financed through a bank loan and the sale of Low Income Housing Credits. The development agreement was executed with Herkimer Street Residence, L.P. and completed in August 2015.
Is 431 Herkimer Street Hdfc Inc legitimate?
431 Herkimer Street Hdfc Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. 431 Herkimer Street Hdfc 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
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What is the mission statement of 431 Herkimer Street Hdfc Inc?
431 Herkimer Street Hdfc Inc is committed to providing affordable housing for individuals grappling with chronic mental disabilities. This mission aligns with Section 811 of the National Affordable Housing Act. The organization's sponsor and sole owner, The Bridge, Inc., collaborated on a development project to create such housing. The Herkimer Street Project, located in Brooklyn, New York, was developed under a finance agreement and equity investment from various sources. Once completed in August 2015, it offered affordable housing solutions for those with chronic mental disabilities.
Who is the CEO of 431 Herkimer Street Hdfc Inc?
Cynthia Wainwright is the Principal Officer of 431 Herkimer Street Hdfc Inc. The CEO's salary of 431 Herkimer Street Hdfc Inc is $0 and their total compensation is $323,102.
What is the revenue of 431 Herkimer Street Hdfc Inc?
431 Herkimer Street Hdfc Inc's revenue in 2022 was $0.
Who are the executives of 431 Herkimer Street Hdfc Inc and what are their salaries?
There 3 volunteers at 431 Herkimer Street Hdfc Inc.
Here are 5 key members and their salaries (431 Herkimer Street Hdfc Inc's CEO's salary is $0 and their total compensation is $323,102):
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $307,701
- Other: $15,401
- Compensation: $0
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- Other: $0
Where can I find the form 990 for 431 Herkimer Street Hdfc Inc?
431 Herkimer Street Hdfc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 431 Herkimer Street Hdfc Inc
431 Herkimer Street HDFC Inc is dedicated to providing affordable housing for individuals living with chronic mental disabilities. This mission is in line with Section 811 of the National Affordable Housing Act. The organization works towards creating a living environment that caters specifically to this vulnerable population, ensuring they have access to safe and appropriate housing.
To accomplish this, 431 Herkimer Street HDFC Inc enters into development agreements with partners, such as Herkimer Street Residence, LP. These agreements are financially supported by loans from banks and investments from the sale of Low Income Housing Credits. The organization, sponsored and fully owned by The Bridge, Inc., has successfully completed such a project in Brooklyn, New York, in 2015. The project's completion marked another step forward in their commitment to providing affordable housing solutions for individuals with chronic mental disabilities.
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Impact
October, 2024
431 Herkimer Street HDFC Inc plays a vital role in providing affordable housing specifically tailored for individuals with chronic mental disabilities. By creating residential opportunities in Brooklyn, New York, it addresses the critical need for stable and supportive living environments for this vulnerable population.
The organization operates under a development agreement with Herkimer Street Residence, L.P., utilizing a combination of bank loans and equity investments from low-income housing credits to fund the project. This innovative financing model has enabled the successful completion of the Herkimer Street Project in August 2015, enhancing community support and resources for residents.
Through these efforts, 431 Herkimer Street HDFC Inc contributes significantly to the overall well-being of its residents, promoting independence, stability, and access to essential services, ultimately fostering a more inclusive community.
This information is meant to be a general summary of 431 Herkimer Street Hdfc 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.
Assets and Liabilities:
- Total Assets: $3,425,948
- Total Liabilities: $3,425,948
- Net Assets: $0
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Organization Details
Founding Year
2011
Phone
(212) 663-3000Principal Officer
Cynthia Wainwright
Main Address
290 LENOX AVENUE 3RD FLOOR, NEW YORK, NY, 10027
NTEE Category
Code: L24 - Housing
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