Overview
What is Maple Street Residence Housing Development Fund Company Inc?
Maple Street Residence Housing Development Fund Company Inc is a nonprofit organization established in accordance with New York's Private Housing Finance Law and Not-for-Profit Corporation Law. The company's primary mission is to offer affordable housing solutions for individuals with chronic mental disabilities. Its sole member and sponsor, The Bridge, Inc., constructed a 66-bed residence that caters to the housing needs of mentally ill adults and low-income families and singles. This project, funded by Low-Income Housing Tax Credits and advances from OMH/DASNY, aims to provide a supportive living environment for those in need.
Is Maple Street Residence Housing Development Fund Company Inc legitimate?
Maple Street Residence Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Maple Street Residence 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: $0
For more financial information, click here
What is the mission statement of Maple Street Residence Housing Development Fund Company Inc?
Maple Street Residence Housing Development Fund Company Inc's mission is centered around providing affordable housing for individuals with chronic mental disabilities. This mission is carried out under Section 811 of the National Affordable Housing Act. The organization, established in compliance with the Private Housing Finance Law and the Not-For-Profit Corporation Law of New York, acquires properties with the aim of offering housing solutions. Notably, their sole member, The Bridge, Inc., constructed a 66-bed residence that caters to mentally ill adults and provides affordable housing for low-income families and singles. This project is financially backed by Low-Income Housing Tax Credits and advances from OMH/DASNY.
Who is the CEO of Maple Street Residence Housing Development Fund Company Inc?
Cynthia Wainwright is the Principal Officer of Maple Street Residence Housing Development Fund Company Inc. The CEO's salary of Maple Street Residence Housing Development Fund Company Inc is $0 and their total compensation is $323,102.
What is the revenue of Maple Street Residence Housing Development Fund Company Inc?
Maple Street Residence Housing Development Fund Company Inc's revenue in 2022 was $879,110.
Who are the executives of Maple Street Residence Housing Development Fund Company Inc and what are their salaries?
There 3 volunteers at Maple Street Residence Housing Development Fund Company Inc.
Here are 5 key members and their salaries (Maple Street Residence Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $323,102):
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $307,701
- Other: $15,401
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Maple Street Residence Housing Development Fund Company Inc?
Maple Street Residence Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maple Street Residence Housing Development Fund Company Inc
Maple Street Residence Housing Development Fund Company Inc, a not-for-profit organization, is committed to providing affordable housing for individuals struggling with chronic mental disabilities. In line with Section 811 of the National Affordable Housing Act, this organization strives to make housing accessible for this specific group of people. To achieve this mission, Maple Street Residence Housing Development Fund Company Inc collaborates with various financial entities, such as Low-Income Housing Tax Credits and advancements from OMH/DASNY. Their efforts culminated in the construction of a 66-bed residence, which not only offers supported housing for mentally ill adults but also provides affordable living spaces for low-income families and singles. Through this initiative, Maple Street Residence Housing Development Fund Company Inc is making significant strides in providing a safe and comfortable living environment for individuals facing mental health challenges, thereby contributing positively to their overall well-being.
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Impact
October, 2024
Maple Street Residence Housing Development Fund Company Inc plays a crucial role in addressing the housing needs of individuals with chronic mental disabilities. By developing and maintaining affordable housing options, it significantly enhances the quality of life for its residents, providing them with a stable and supportive environment.
The organization operates a 66-bed residence that not only offers supported housing for mentally ill adults but also caters to low-income families and individuals. This dual focus ensures that some of the most vulnerable members of the community have access to safe, affordable living spaces. Funding from sources such as low-income housing tax credits and advances from the Office of Mental Health/Dormitory Authority of the State of New York (OMH/DASNY) allows Maple Street to sustain its mission and expand its impact.
By adhering to the National Affordable Housing Act's Section 811 guidelines, Maple Street addresses the critical shortage of housing for people with mental health challenges, promoting their independence and integration into the community. The residence serves as a vital resource, fostering not only housing stability but also dignity and support for individuals who might otherwise struggle to find suitable accommodations.
This information is meant to be a general summary of Maple Street Residence 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $879,110
- Gross Receipts: $879,110
Assets and Liabilities:
- Total Assets: $14,651,633
- Total Liabilities: $11,754,078
- Net Assets: $2,897,555
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RELATED INT.
Revenue
$879,110
Organization Details
Founding Year
2013
Phone
(212) 663-3000Principal Officer
Cynthia Wainwright
Main Address
290 LENOX AVENUE 3RD FLOOR, NEW YORK, NY, 10027
NTEE Category
Code: L20 - Housing
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