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Mhany 2012 Housing Development Fund Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 455133550 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Mhany 2012 Housing Development Fund Corporation?

Mhany 2012 Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 470 Vanderbilt Avenue, 9th Floor. Their primary mission is to offer affordable housing solutions to individuals with limited income. They achieve this goal by engaging in various corporate activities, including purchasing, leasing, developing, and rehabilitating properties. This nonprofit organization is dedicated to providing housing opportunities and improving the living conditions of those in need.

Is Mhany 2012 Housing Development Fund Corporation legitimate?

Mhany 2012 Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhany 2012 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: $0

For more financial information, click here

What is the mission statement of Mhany 2012 Housing Development Fund Corporation?

The Mhany 2012 Housing Development Fund Corporation is committed to providing affordable housing solutions for individuals of limited income. This is achieved through various activities such as purchasing, leasing, developing, and rehabilitating properties. The organization's mission is to engage in collective and corporate activities necessary to implement these goals. By doing so, it strives to make housing more accessible and affordable for those who need it most. The corporation has incurred expenses for the maintenance of a housing project developed specifically for low-income individuals.

Who is the CEO of Mhany 2012 Housing Development Fund Corporation?

Ismene Speliotis is the Secretary of Mhany 2012 Housing Development Fund Corporation.

What is the revenue of Mhany 2012 Housing Development Fund Corporation?

Mhany 2012 Housing Development Fund Corporation's revenue in 2022 was $244,824.

Who are the executives of Mhany 2012 Housing Development Fund Corporation and what are their salaries?

There 3 volunteers at Mhany 2012 Housing Development Fund Corporation.


Here are 3 key members and their salaries:


Derrick Owens (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorothy Amadi (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natalie Brown (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mhany 2012 Housing Development Fund Corporation?

Mhany 2012 Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Mhany 2012 Housing Development Fund Corporation

Mhany 2012 Housing Development Fund Corporation is dedicated to providing affordable housing solutions for individuals of limited income. To achieve this mission, the organization engages in various corporate activities, including purchasing, leasing, developing, and rehabilitating properties. By implementing these strategies, Mhany 2012 Housing Development Fund Corporation aims to make housing more accessible for those in need. The corporation's ultimate goal is to contribute to the well-being of its community by providing affordable housing options. In pursuit of this mission, Mhany 2012 Housing Development Fund Corporation incurs expenses related to the maintenance of housing projects developed specifically for low-income individuals.

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Impact




October, 2024

Mhany 2012 Housing Development Fund Corporation significantly impacts the community by enhancing access to affordable housing for individuals of limited income. By acquiring, leasing, developing, and rehabilitating properties, the organization addresses a critical need for safe and stable housing among low-income populations in Brooklyn, NY.

The expenses incurred for maintaining housing projects directly contribute to the well-being of residents, ensuring they have a home that is both affordable and supportive. This initiative not only helps to alleviate housing insecurity but also fosters community development and stability. Through its comprehensive approach, Mhany 2012 plays a vital role in creating sustainable living environments, ultimately empowering individuals and families to thrive despite economic challenges.




This information is meant to be a general summary of Mhany 2012 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.

Revenue
$244,824 (2022)
Expenses
$475,424 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $244,824
  • Gross Receipts: $244,824

Assets and Liabilities:

  • Total Assets: $4,457,857
  • Total Liabilities: $6,303,643
  • Net Assets: -$1,845,786

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$244,824

Organization Details

Founding Year

2012

Principal Officer

Ismene Speliotis

Main Address

470 VANDERBILT AVE 9TH FLOOR, BROOKLYN, NY, 11238

NTEE Category

Code: L21 - Housing

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