Overview
What is 8th And C Housing Development Fund Corporation?
8th And C Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 228 E 3rd Street, New York, NY 10009. Their primary mission is to provide affordable housing options for the community, focusing on the Lower East Side area. They accomplish this by developing and managing low-income housing units, ensuring that residents in need have access to suitable living spaces.
Is 8th And C Housing Development Fund Corporation legitimate?
8th And C Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. 8th And C 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,770
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What is the mission statement of 8th And C Housing Development Fund Corporation?
The 8th And C Housing Development Fund Corporation is committed to developing and operating low-income housing units, catering primarily to residents in need. Their mission is to contribute to the housing sector by providing moderate and affordable rental properties within their community. The organization's primary objective is to ensure that individuals with limited financial resources have access to suitable housing options, thereby enriching their living standards.
Who is the CEO of 8th And C Housing Development Fund Corporation?
Kil J Yi is the Vp of 8th And C Housing Development Fund Corporation.
What is the revenue of 8th And C Housing Development Fund Corporation?
8th And C Housing Development Fund Corporation's revenue in 2022 was $338,028.
Who are the executives of 8th And C Housing Development Fund Corporation and what are their salaries?
Here are 9 key members and their salaries:
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- Related: $95,235
- Other: $4,712
Where can I find the form 990 for 8th And C Housing Development Fund Corporation?
8th And C Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 8th And C Housing Development Fund Corporation
8th And C Housing Development Fund Corporation is dedicated to a noble mission. This nonprofit organization focuses on developing and operating affordable housing units, catering to residents with moderate and low income levels. By providing such housing, the corporation contributes to the well-being of its community, offering a safe and comfortable living environment to its residents. This mission is instrumental in addressing the housing needs of individuals who may otherwise struggle to secure decent accommodations.
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Impact
October, 2024
8th And C Housing Development Fund Corporation plays a vital role in addressing the housing needs of residents in the Lower East Side of New York. By focusing on the development and operation of low-income housing, the organization directly contributes to the availability of moderate and affordable rental options for the community. This initiative helps to stabilize the neighborhood, allowing low-income families and individuals to secure safe and stable homes.
The impact of their efforts extends beyond mere housing; it fosters community improvement by creating an inclusive environment where residents can thrive. Access to affordable housing provides not only shelter but also promotes socioeconomic stability, allowing residents to allocate resources toward other essential needs such as education and health care. Overall, the work of 8th And C Housing Development Fund Corporation supports the well-being and resilience of the Lower East Side community, addressing critical housing disparities and enhancing the quality of life for its residents.
This information is meant to be a general summary of 8th And C 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.
- Investment Income: $3,519
- Program Service Revenue: $334,509
- Gross Receipts: $338,028
Assets and Liabilities:
- Total Assets: $3,262,189
- Total Liabilities: $3,822,309
- Net Assets: -$560,120
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$334,509
Organization Details
Principal Officer
Kil J Yi
Main Address
228 E 3RD STREET, NEW YORK, NY, 10009
NTEE Category
Code: S47 - Community improvement
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