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Mhany 2012 Ii Housing Development Fund Corporation

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

EIN: 455133701 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Mhany 2012 Ii Housing Development Fund Corporation?

Mhany 2012 Ii 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 develop housing projects for individuals of low income, working on a non-profit basis. The organization incurs expenses for the maintenance of such housing projects to ensure they remain functional and supportive for their intended residents. This nonprofit endeavors to contribute positively to the housing needs of people in need, furthering their goal of equitable housing opportunities.

Is Mhany 2012 Ii Housing Development Fund Corporation legitimate?

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

The Mhany 2012 II Housing Development Fund Corporation, in its mission, aims to develop housing projects on a non-profit basis, primarily catering to individuals of low income. This organization is dedicated to providing affordable housing solutions, working tirelessly to contribute to the betterment of underprivileged communities. The corporation's activities often include incurring expenses for the maintenance of these housing projects, ensuring they remain in good condition and continue to serve their intended purpose.

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

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

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

Mhany 2012 Ii Housing Development Fund Corporation's revenue in 2022 was $360,570.

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

There 3 volunteers at Mhany 2012 Ii Housing Development Fund Corporation.


Here are 3 key members and their salaries:


Dorothy Amadi (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derrick Owens (Secretary)
  • 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 Ii Housing Development Fund Corporation?

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

Mission Statement of Mhany 2012 Ii Housing Development Fund Corporation

Mhany 2012 II Housing Development Fund Corporation is a non-profit organization with a mission to develop housing projects specifically for individuals of low income. This mission is carried out on a non-profit basis, indicating that the organization does not aim to generate profits from its housing projects. Instead, it seeks to provide affordable housing solutions for those in need. The organization's activities involve the maintenance of these housing projects, ensuring they remain in good condition and continue to serve their intended purpose. By developing and maintaining housing projects for low-income individuals, Mhany 2012 II Housing Development Fund Corporation plays a significant role in addressing housing inequality and providing a stable living environment for those who might otherwise struggle to afford it.

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Impact




October, 2024

Mhany 2012 Ii Housing Development Fund Corporation plays a crucial role in addressing housing needs for low-income individuals and families in Brooklyn, NY. By developing housing projects specifically designed for those with limited financial means, the organization provides stable and affordable living options that contribute to community well-being.

Their efforts not only alleviate the burden of housing costs for low-income residents but also foster a sense of community by creating environments where individuals can thrive. Through ongoing maintenance of these housing projects, Mhany 2012 Ii ensures that the living conditions remain safe and conducive to quality living.

The impact of their work extends beyond just housing; it promotes social stability and economic mobility by allowing residents to allocate more of their resources towards education, healthcare, and other essential needs, ultimately contributing to a healthier and more robust community.




This information is meant to be a general summary of Mhany 2012 Ii 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
$360,570 (2022)
Expenses
$673,995 (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: $360,555
  • Gross Receipts: $360,570

Assets and Liabilities:

  • Total Assets: $5,981,265
  • Total Liabilities: $6,763,192
  • Net Assets: -$781,927

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Programs

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

RENTAL INCOME

Revenue

$360,555

Organization Details

Founding Year

2012

Principal Officer

Ismene Speliotis

Main Address

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

NTEE Category

Code: L20 - Housing

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