Overview
What is 722 Henry Street Apartments Hdfc?
722 Henry Street Apartments Hdfc is a nonprofit organization established with the mission to provide affordable housing for individuals and families of low income. Located in Brooklyn, New York, the organization has constructed a building offering 16 spacious apartments, with 30% of the units reserved for local residents and another 30% set aside for homeless families and individuals. The organization's purpose encompasses owning, constructing, rehabilitating, leasing, managing, maintaining, developing, and operating a housing project in accordance with the Private Housing Finance Law. To accomplish this mission, the organization is empowered to secure loans and perform all necessary actions. The goal is to provide a safe and affordable living space for individuals in need, contributing to the community's overall well-being.
Official website here: www.none
Is 722 Henry Street Apartments Hdfc legitimate?
722 Henry Street Apartments Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 722 Henry Street Apartments Hdfc 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: $23,668
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Official website here: www.none
What is the mission statement of 722 Henry Street Apartments Hdfc?
The organization, 722 Henry Street Apartments Hdfc, was established with a specific purpose: to provide housing for individuals with low income, as per Article XI of the Private Housing Finance Law. Their activities encompass owning, constructing, rehabilitating, leasing, managing, equipping, maintaining, developing, and operating such housing projects. To accomplish this mission, the organization has the authority to undertake various necessary acts, such as obtaining loans under Article VIII or Article XI of the Private Housing Finance Law. Essentially, 722 Henry Street Apartments Hdfc's mission is to offer affordable housing opportunities for those in need.
Official website here: www.none
Who is the CEO of 722 Henry Street Apartments Hdfc?
Vilma Heramia is the President of 722 Henry Street Apartments Hdfc.
Official website here: www.none
What is the revenue of 722 Henry Street Apartments Hdfc?
722 Henry Street Apartments Hdfc's revenue in 2022 was $175,136.
Official website here: www.none
Who are the executives of 722 Henry Street Apartments Hdfc and what are their salaries?
There 3 volunteers at 722 Henry Street Apartments Hdfc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $102,982
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of 722 Henry Street Apartments Hdfc
722 Henry Street Apartments Hdfc was established with a specific objective: to own, construct, rehabilitate, lease, manage, equip, maintain, develop, and operate a housing project for individuals of low-income, falling under the definition of Article XI of the Private Housing Finance Law. The organization is granted the authority to carry out all necessary actions to achieve this purpose, which may include securing a loan through Article VIII or Article XI of the Private Housing Finance Law. In simpler terms, 722 Henry Street Apartments Hdfc was founded to provide affordable housing solutions for individuals with limited financial means, utilizing various methods and resources to accomplish this goal.
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Impact
October, 2024
722 Henry Street Apartments HDFC significantly impacts the community in Brooklyn, NY, by providing stable and affordable housing options for low-income individuals and families. This development consists of 16 spacious apartments, strategically designed to support inclusive living. By reserving 30% of the units for community residents and another 30% for homeless families and individuals, the project directly addresses urgent housing needs within the local population.
The initiative not only offers a roof over the heads of those in need but also fosters a sense of community and belonging. By empowering residents with affordable housing solutions, 722 Henry Street Apartments contributes to reducing homelessness and enhancing the overall quality of life for its tenants. The project represents a meaningful step toward creating equitable housing opportunities in a densely populated urban area, thereby promoting stability and resilience among vulnerable populations.
This information is meant to be a general summary of 722 Henry Street Apartments Hdfc. 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: $175,134
- Gross Receipts: $175,136
Assets and Liabilities:
- Total Assets: $851,675
- Total Liabilities: $1,883,905
- Net Assets: -$1,032,230
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME FOR LOW-
Revenue
$175,134
Organization Details
Founding Year
2012
Phone
(718) 240-4111Principal Officer
Vilma Heramia
Main Address
201 COLUMBIA ST, BROOKLYN, NY, 11231
Website
www.noneNTEE Category
Code: L21 - Housing
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