Overview
What is Webster Avenue Housing Development Fund Corporation?
Webster Avenue Housing Development Fund Corporation serves as a management entity for a partnership that owns Park House, an affordable family housing project initiated by Breaking Ground Housing Development Fund. Their primary role is to procure or develop properties that benefit Breaking Ground and its associated tax-exempt organizations. In 2015, the corporation did not engage in any active service activities and incurred no related expenses.
Official website here: www.breakingground.org
Is Webster Avenue Housing Development Fund Corporation legitimate?
Webster Avenue Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Webster Avenue Housing Development Fund Corporation submitted a form 990EZ, 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.
Official website here: www.breakingground.org
What is the mission statement of Webster Avenue Housing Development Fund Corporation?
The Webster Avenue Housing Development Fund Corporation serves a primary role in managing a partnership entity, specifically for Park House, a low-income housing facility. This organization is instrumental in aiding Breaking Ground Housing Development Fund and its affiliated tax-exempt organizations by acquiring and developing property. In 2015, the corporation did not engage in any active program service activities and incurred no programmatic expenses during that year. However, its main mission remains focused on benefiting these organizations, contributing to the provision of affordable housing facilities.
Official website here: www.breakingground.org
Who is the CEO of Webster Avenue Housing Development Fund Corporation?
David Beer is the Vice President of Webster Avenue Housing Development Fund Corporation. The CEO's salary of Webster Avenue Housing Development Fund Corporation is $0 and their total compensation is $0.
Official website here: www.breakingground.org
What is the revenue of Webster Avenue Housing Development Fund Corporation?
Webster Avenue Housing Development Fund Corporation's revenue in 2022 was $0.
Official website here: www.breakingground.org
Who are the executives of Webster Avenue Housing Development Fund Corporation and what are their salaries?
Here are 3 key members and their salaries (Webster Avenue Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.breakingground.org
Where can I find the form 990EZ for Webster Avenue Housing Development Fund Corporation?
Webster Avenue Housing Development Fund Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.breakingground.org
Learn more at the official website: www.breakingground.org
Mission Statement of Webster Avenue Housing Development Fund Corporation
Webster Avenue Housing Development Fund Corporation is an organization that plays a crucial role in managing partnership entities. One of its significant responsibilities is overseeing Park House, a low-income housing facility, which was Breaking Ground Housing Development Fund's first affordable family project. The primary mission of Webster Avenue Housing Development Fund Corporation is to acquire and develop properties, with the ultimate goal of benefiting Breaking Ground Housing Development Fund and its affiliated tax-exempt organizations. Although the organization did not engage in any active program service activities in 2015, it incurred no programmatic expenses during that year, indicating a focus on property management and development rather than direct service provision.
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Impact
October, 2024
Webster Avenue Housing Development Fund Corporation significantly impacts the affordable housing landscape in New York City by managing the partnership entity that owns Park House, a crucial low-income housing facility. As the first affordable family project of Breaking Ground Housing Development Fund, it plays a vital role in addressing the pressing need for affordable housing options.
By focusing on the acquisition and development of properties, the organization facilitates the creation of residential spaces that cater to low-income families, helping to stabilize communities and provide essential housing stability. Although it did not engage in active program service activities in 2015, its broader mission contributes to the growth and sustainability of affordable housing projects. Through its commitment to collaboration with affiliated tax-exempt organizations, Webster Avenue Housing Development Fund Corporation aims to enhance the housing opportunities available to those in need, ultimately striving to alleviate the housing crisis in the region.
This information is meant to be a general summary of Webster Avenue 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $2,650
- Net Assets: -$2,650
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Organization Details
Phone
(212) 389-9300Principal Officer
David Beer
Main Address
505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY, 10018
Website
www.breakingground.orgNTEE Category
Code: L20 - Housing
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