Overview
What is 287 Housing Development Fund Corporation?
The 287 Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 247 W 37th Street 4th Floor, New York, NY 10018. Their primary focus is on the acquisition, development, and management of affordable residential units. Through their efforts, they have successfully established 20 such units at 287 West 150th Street in the city. This initiative aims to provide affordable housing options, contributing positively to the local community.
Official website here: www.settlementhousingfund.org
What do the Facebook reviews say about 287 Housing Development Fund Corporation?
100% of 7 reviewers on Facebook recommend the Housing Development Fund Corporation. Here is a summary of their comments:
Many users express strong satisfaction with the organization, commending its impressive services and positive impact. The general sentiment highlights a belief that the nonprofit is effectively meeting the needs of the community it serves.
Overall, reviewers seem appreciative of the dedication and support provided by the Housing Development Fund Corporation, showcasing a consensus that the organization is highly regarded and trustworthy in its mission.
This AI summary has been generated from reviews found on Facebook.
Is 287 Housing Development Fund Corporation legitimate?
287 Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 287 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
Official website here: www.settlementhousingfund.org
What is the mission statement of 287 Housing Development Fund Corporation?
The 287 Housing Development Fund Corporation's primary objective is centered around the acquisition, development, and management of affordable residential housing units. Specifically, their focus is on 20 units located at 287 West 150th Street in New York City. Their mission is to provide affordable housing solutions, ensuring that a portion of the population has access to suitable living spaces. This organization's activities primarily revolve around the acquisition, development, and subsequent management of these housing units.
Official website here: www.settlementhousingfund.org
Who is the CEO of 287 Housing Development Fund Corporation?
Alexa Sewell is the President of 287 Housing Development Fund Corporation.
Official website here: www.settlementhousingfund.org
What is the revenue of 287 Housing Development Fund Corporation?
287 Housing Development Fund Corporation's revenue in 2022 was $294,257.
Official website here: www.settlementhousingfund.org
Who are the executives of 287 Housing Development Fund Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $286,870
- Other: $37,820
- Compensation: $0
- Related: $124,221
- Other: $38,578
- Compensation: $0
- Related: $167,946
- Other: $14,671
Official website here: www.settlementhousingfund.org
Where can I find the form 990 for 287 Housing Development Fund Corporation?
287 Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.settlementhousingfund.org
Learn more at the official website: www.settlementhousingfund.org
Mission Statement of 287 Housing Development Fund Corporation
The 287 Housing Development Fund Corporation is dedicated to the acquisition, development, and management of affordable residential housing units. Specifically, their focus is on 20 units located at 287 West 150th Street in New York City. This nonprofit organization aims to provide affordable housing options for individuals in need, playing a significant role in addressing housing affordability issues. By managing these units, they contribute to the overall well-being of their residents, ensuring they have a stable and affordable place to call home.
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Impact
October, 2024
287 Housing Development Fund Corporation plays a significant role in addressing the housing crisis in New York City by acquiring, developing, and managing 20 affordable residential housing units at 287 West 150th Street. This initiative is crucial in providing accessible living options for low- to moderate-income families in a city where affordable housing is increasingly scarce.
The development of these units not only alleviates some of the pressure on the housing market but also contributes to community stability and economic diversity in the neighborhood. By focusing on affordable housing, the corporation helps ensure that residents can secure a home without facing the financial burden often associated with urban living. Additionally, this project likely fosters community engagement and enhances local infrastructure, contributing to the overall welfare of the area.
In summary, the impact of 287 Housing Development Fund Corporation is profound, as it provides essential living spaces that support the livelihoods of many families and contributes to the broader goal of affordable housing in New York City.
This information is meant to be a general summary of 287 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.
- Program Service Revenue: $289,630
- Gross Receipts: $294,257
Assets and Liabilities:
- Total Assets: $3,398,560
- Total Liabilities: $3,862,567
- Net Assets: -$464,007
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$289,630
Organization Details
Founding Year
2013
Phone
(212) 265-6530Principal Officer
Alexa Sewell
Main Address
247 W 37TH STREET 4TH FL, NEW YORK, NY, 10018
NTEE Category
Code: L20 - Housing
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