Overview
What is Restoring Communities Housing Development Fund Corporation?
Restoring Communities Housing Development Fund Corporation is a nonprofit organization, situated in New York City, specifically at 150 Broadway 2101, New York, NY 10038. Its primary mission is to create and preserve affordable housing projects for individuals with low and moderate incomes. Beyond this, the organization aims to combat blight and promote community stability in New York City. During the year, they facilitated the rehabilitation and conversion of 25 buildings into low-income cooperatives, contributing to the affordable housing landscape in the city.
Official website here: www.neighborhoodrestore.org
Is Restoring Communities Housing Development Fund Corporation legitimate?
Restoring Communities Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restoring Communities Housing Development Fund Corporation 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.
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Official website here: www.neighborhoodrestore.org
What is the mission statement of Restoring Communities Housing Development Fund Corporation?
The Restoring Communities Housing Development Fund Corporation is established with a mission to preserve and create affordable housing opportunities for individuals with low and moderate income, on a non-profit basis. Beyond promoting affordable housing, the corporation aims to combat blight and contribute to the stability of communities. This is done by preventing and eliminating urban decay, thereby fostering the overall improvement of neighborhoods. Throughout the year, the organization assists in the commencement of rehabilitation and conversion projects, transforming buildings into low-income cooperatives.
Official website here: www.neighborhoodrestore.org
Who is the CEO of Restoring Communities Housing Development Fund Corporation?
Mr Salvatore D'Avola is the Outgoing Director of Restoring Communities Housing Development Fund Corporation.
Official website here: www.neighborhoodrestore.org
What is the revenue of Restoring Communities Housing Development Fund Corporation?
Restoring Communities Housing Development Fund Corporation's revenue in 2022 was $2,883,500.
Official website here: www.neighborhoodrestore.org
Who are the executives of Restoring Communities Housing Development Fund Corporation and what are their salaries?
There 5 volunteers at Restoring Communities Housing Development Fund Corporation.
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 Restoring Communities Housing Development Fund Corporation?
Restoring Communities Housing Development Fund Corporation'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 Restoring Communities Housing Development Fund Corporation
Restoring Communities Housing Development Fund Corporation, a non-profit organization, is dedicated to a noble mission. Its primary goal is to preserve and create affordable housing opportunities for individuals with low and moderate incomes. Beyond this, the corporation aims to combat blight and contribute to the stabilization of communities throughout New York City. By undertaking these initiatives, Restoring Communities Housing Development Fund Corporation strives to improve living conditions and contribute positively to the well-being of its community members. In the course of a year, the organization played a significant role in the rehabilitation and conversion of 25 buildings into low-income cooperatives within New York City.
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Impact
October, 2024
Restoring Communities Housing Development Fund Corporation has a significant impact on low and moderate-income communities in New York City by creating and preserving affordable housing opportunities. By focusing on the rehabilitation and conversion of buildings into low-income cooperatives, it addresses the pressing need for accessible housing in urban areas, helping to combat housing insecurity.
In addition to increasing affordable housing stock, the Corporation plays a crucial role in preventing and eliminating blight in neighborhoods, thereby fostering stability and revitalization within communities. Its efforts not only improve living conditions for individuals and families but also contribute to the overall health and sustainability of the neighborhoods they serve. Through these initiatives, Restoring Communities strengthens community ties and enhances the quality of life for residents throughout New York City.
This information is meant to be a general summary of Restoring Communities Housing Development Fund Corporation. 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.
- Program Service Revenue: $458,500
- Gross Receipts: $2,883,500
Assets and Liabilities:
- Total Assets: $1,086,277
- Total Liabilities: $55,363
- Net Assets: $1,030,914
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEE
Revenue
$458,500
Organization Details
Founding Year
2019
Phone
(212) 584-8981Principal Officer
Mr Salvatore D'Avola
Main Address
150 BROADWAY 2101, NEW YORK, NY, 10038
Website
www.neighborhoodrestore.orgNTEE Category
Code: L11 - Housing
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