920 Prospect Gardens Housing Development Fund Corp

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

EIN: 463830943 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

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Overview

What is 920 Prospect Gardens Housing Development Fund Corp?

920 Prospect Gardens Housing Development Fund Corp is a nonprofit organization located in the Bronx, New York, specifically at 2804 Third Avenue, ZIP Code 10455. Their primary mission is to manage a residential housing program, catering to individuals with low income. This program provides accommodation for 68 families, ensuring they have access to safe and affordable living spaces. The organization's activities are focused on maintaining and operating this low-income residential housing facility.

Is 920 Prospect Gardens Housing Development Fund Corp legitimate?

920 Prospect Gardens Housing Development Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. 920 Prospect Gardens Housing Development Fund Corp 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 920 Prospect Gardens Housing Development Fund Corp?

The 920 Prospect Gardens Housing Development Fund Corp is dedicated to the operation of a 68-unit low-income residential housing program. Their mission encompasses providing affordable housing solutions for individuals within this income bracket. By operating this housing program, they aim to contribute positively to the community, ensuring that a diverse group of people has access to decent living spaces. The organization's activities primarily focus on managing and maintaining this residential complex, ensuring it remains a safe and comfortable environment for its residents. While the information does not specify, it is likely that they also provide additional resources or support services to their residents, as is common in such organizations.

Who is the CEO of 920 Prospect Gardens Housing Development Fund Corp?

Lymaris Albors is the President of 920 Prospect Gardens Housing Development Fund Corp. The CEO's salary of 920 Prospect Gardens Housing Development Fund Corp is $0 and their total compensation is $795,306.

What is the revenue of 920 Prospect Gardens Housing Development Fund Corp?

920 Prospect Gardens Housing Development Fund Corp's revenue in 2022 was $816,199.

Who are the executives of 920 Prospect Gardens Housing Development Fund Corp and what are their salaries?

There 5 volunteers at 920 Prospect Gardens Housing Development Fund Corp.


Here are 9 key members and their salaries (920 Prospect Gardens Housing Development Fund Corp's CEO's salary is $0 and their total compensation is $795,306):


Raul Russi (President)
  • Compensation: $0
  • Related: $861,432
  • Other: $73,959
Lymaris Albors (Chief Executive Officer)
  • Compensation: $0
  • Related: $748,860
  • Other: $46,446
Jose A Rodriguez (Chief Legal Officer/Executive)
  • Compensation: $0
  • Related: $560,176
  • Other: $40,861
Vicky Gatell (Chief Financial Officer)
  • Compensation: $0
  • Related: $432,484
  • Other: $41,248
Eliezer Rodriguez (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kaleb Sanchez (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gilbert Hernandez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pedro Falcon (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arnie Segarra (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for 920 Prospect Gardens Housing Development Fund Corp?

920 Prospect Gardens Housing Development Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of 920 Prospect Gardens Housing Development Fund Corp

920 Prospect Gardens Housing Development Fund Corp is dedicated to operating a 68-unit residential housing program aimed at serving individuals with low income. This nonprofit organization's mission is centered around providing affordable housing, ensuring that a diverse group of people have access to safe and comfortable living spaces. The organization's activities are focused on maintaining and managing this housing program, ensuring that it remains a viable and valuable resource in the community. By offering affordable housing, 920 Prospect Gardens Housing Development Fund Corp is making a significant contribution to the well-being of its residents, helping them to maintain stability and focus on other important aspects of their lives.

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Impact




October, 2024

920 Prospect Gardens Housing Development Fund Corp significantly impacts the community by providing essential housing for low-income residents in the Bronx, New York. The organization operates a 68-unit residential housing program specifically designed to meet the needs of individuals and families facing housing instability. By offering affordable living options, it helps alleviate the pressures of high housing costs in the area, contributes to neighborhood stability, and enables residents to secure a safe and supportive environment.

Through the provision of these housing units, 920 Prospect Gardens fosters a sense of community, allowing residents to thrive in their living conditions while promoting social equity and access to vital resources. The program plays a crucial role in addressing the housing crisis and ensuring that vulnerable populations have a place to call home.




This information is meant to be a general summary of 920 Prospect Gardens Housing Development Fund Corp. 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
$816,199 (2022)
Expenses
$1,193,134 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $17,875
  • Program Service Revenue: $702,588
  • Gross Receipts: $816,199

Assets and Liabilities:

  • Total Assets: $6,355,870
  • Total Liabilities: $9,206,047
  • Net Assets: -$2,850,177

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Programs

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

RENTAL INCOME

Revenue

$702,588

Organization Details

Founding Year

2014

Principal Officer

Lymaris Albors

Main Address

2804 Third Avenue, Bronx, NY, 10455

NTEE Category

Code: Z99 - Unknown

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