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Tb Housing Development Fund Company Inc

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

EIN: 455562018 ✦ Buffalo, NY ✦ Designated as a 501(c)(3)

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Overview

What is Tb Housing Development Fund Company Inc?

Tb Housing Development Fund Company Inc is a nonprofit organization located in Buffalo, New York, specifically at 2393 Main Street, 14214. Their primary mission is to offer elderly individuals of limited means secure, hygienic, and reasonably priced housing facilities. By operating an apartment building, they aim to cater to the housing needs of the elderly population who are financially disadvantaged, ensuring their safety and well-being.

Is Tb Housing Development Fund Company Inc legitimate?

Tb Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tb Housing Development Fund Company Inc 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: $61,112

For more financial information, click here

What is the mission statement of Tb Housing Development Fund Company Inc?

Tb Housing Development Fund Company Inc's mission is centered around providing elderly individuals with limited income access to safe, sanitary, and affordable housing facilities. The organization strives to make this essential need a reality through the operation of appropriate housing facilities. By doing so, they aim to contribute positively to the well-being and living standards of these elderly individuals, ensuring they can live with dignity and security. The company's mission reflects a commitment to social responsibility and advocacy for the elderly population in need of affordable housing solutions.

Who is the CEO of Tb Housing Development Fund Company Inc?

Michael Riegel is the Board Member/Board Preside of Tb Housing Development Fund Company Inc.

What is the revenue of Tb Housing Development Fund Company Inc?

Tb Housing Development Fund Company Inc's revenue in 2022 was $283,719.

Who are the executives of Tb Housing Development Fund Company Inc and what are their salaries?

There 2 volunteers at Tb Housing Development Fund Company Inc.


Here are 4 key members and their salaries:


Elizabeth Huckabone (Board Member/Board Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Riegel (Board Member/Board Vp And)
  • Compensation: $0
  • Related: $183,687
  • Other: $23,886
Sean Mckinnie (Board Member/Board Vice Pr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Hejmowski (Cfo)
  • Compensation: $0
  • Related: $129,107
  • Other: $21,089
Where can I find the form 990 for Tb Housing Development Fund Company Inc?

Tb Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Tb Housing Development Fund Company Inc

Tb Housing Development Fund Company Inc, as a mission-driven organization, is dedicated to providing elderly individuals of low income with safe, sanitary, and affordable housing facilities. Their primary goal is to ensure that elderly individuals have access to secure living spaces that meet their basic needs without putting a significant financial strain on them. By operating an apartment building, Tb Housing Development Fund Company Inc aims to address the housing needs of this vulnerable population, providing them with a safe and comfortable environment where they can live with dignity. The organization's mission is a critical step towards addressing the housing challenges faced by elderly individuals of low income, ensuring they can age with dignity and independence.

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Impact




October, 2024

Tb Housing Development Fund Company Inc significantly impacts the lives of low-income elderly individuals in Buffalo, NY, by providing safe, sanitary, and affordable housing facilities. By operating an apartment building dedicated to this demographic, the organization ensures that vulnerable seniors have access to a stable living environment that meets their basic needs. This initiative not only enhances their quality of life but also fosters a sense of community and security among residents. Ultimately, the company plays a vital role in addressing housing insecurity for the elderly, contributing to their overall well-being and dignity.




This information is meant to be a general summary of Tb Housing Development Fund Company Inc. 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
$283,719 (2022)
Expenses
$468,755 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $22
  • Program Service Revenue: $278,177
  • Gross Receipts: $283,719

Assets and Liabilities:

  • Total Assets: $5,864,769
  • Total Liabilities: $6,309,111
  • Net Assets: -$444,342

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Programs

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

RENTAL REVENUE

Revenue

$278,177

Organization Details

Founding Year

2012

Principal Officer

Michael Riegel

Main Address

2393 MAIN STREET, BUFFALO, NY, 14214

NTEE Category

Code: L21 - Housing

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