Overview
What is South Brooklyn Renewal Hdfc?
South Brooklyn Renewal Hdfc is a nonprofit organization situated in Brooklyn, New York, with an address at 201 Columbia Street, 11231. Established with the aim of providing affordable housing, the organization rehabilitated six brick-front properties in the 1990s, resulting in 28 apartments for low-income and homeless residents. Additionally, one commercial space serves as a community facility. Since its inception, South Brooklyn Renewal Hdfc has continued to offer housing solutions for low-income tenants. The organization's primary mission is encompassed in Article XI of the Private Housing Finance Law, which includes owning, constructing, rehabilitating, leasing, managing, equipping, maintaining, developing, and operating housing projects for low-income individuals. The nonprofit is run by a team of nine dedicated employees.
Official website here: www.none
Is South Brooklyn Renewal Hdfc legitimate?
South Brooklyn Renewal Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Brooklyn Renewal 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: $60,544
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Official website here: www.none
What is the mission statement of South Brooklyn Renewal Hdfc?
The South Brooklyn Renewal HDFC is established with a specific purpose: to own, construct, rehabilitate, lease, manage, equip, maintain, develop, and operate a housing project for individuals of low-income, as defined by Article XI of the Private Housing Finance Law. This organization, dedicated to its mission, has a history of rehabilitating properties to create affordable living spaces, such as the transformation of six brick-front properties into 28 apartments for low-income and homeless residents, along with a commercial space serving as a community facility. Since its inception, the South Brooklyn Renewal HDFC continues to provide housing for individuals of low-income.
Official website here: www.none
Who is the CEO of South Brooklyn Renewal Hdfc?
Vilma Heramia is the President of South Brooklyn Renewal Hdfc.
Official website here: www.none
What is the revenue of South Brooklyn Renewal Hdfc?
South Brooklyn Renewal Hdfc's revenue in 2022 was $434,917.
Official website here: www.none
Who are the executives of South Brooklyn Renewal Hdfc and what are their salaries?
The average compensation at South Brooklyn Renewal Hdfc during 2022 was $6,727. There are 9 employees and 3 volunteers at South Brooklyn Renewal Hdfc.
Here are 4 key members and their salaries:
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- Related: $102,982
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of South Brooklyn Renewal Hdfc
South Brooklyn Renewal HDFC, a nonprofit organization, was established with a specific mission. Its primary objective is to own, construct, rehabilitate, lease, manage, equip, maintain, develop, and operate a housing project, catering to individuals of low-income status, as defined by Article XI of the Private Housing Finance Law. Over the years, the organization has demonstrated its commitment to this mission by rehabilitating several brick-front properties and transforming them into 28 apartments for low-income and homeless residents. Additionally, the organization has also allocated a commercial space, serving as a community facility. Since its inception, South Brooklyn Renewal HDFC has been consistent in providing housing to individuals within the low-income bracket, as evidenced by its activities in 1993 and throughout 2017.
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Impact
October, 2024
South Brooklyn Renewal HDFC has made a significant impact by transforming and revitalizing housing opportunities for low-income individuals and families. Through the rehabilitation of six brick-front properties, the organization has successfully created 28 affordable apartments, providing essential shelter for those in need, including formerly homeless residents. The initiative also includes a commercial space that serves as a community facility, fostering local engagement and support.
Since its establishment as part of the Columbia Street Revitalization Program, which was completed in 1993, South Brooklyn Renewal HDFC has continued to play a vital role in addressing housing disparities. By focusing on the ownership, management, and development of affordable housing, the organization ensures stability and security for low-income tenants. Their ongoing commitment to maintaining and enhancing these properties contributes to the overall improvement of the community and the quality of life for its residents.
This information is meant to be a general summary of South Brooklyn Renewal 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.
- Investment Income: $7,017
- Program Service Revenue: $327,291
- Gross Receipts: $434,917
Assets and Liabilities:
- Total Assets: $2,539,764
- Total Liabilities: $2,894,427
- Net Assets: -$354,663
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$327,291
Organization Details
Founding Year
2012
Phone
(718) 243-9301Principal Officer
Vilma Heramia
Main Address
201 COLUMBIA ST, BROOKLYN, NY, 11231
Website
www.noneNTEE Category
Code: L20 - Housing
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