Overview
What is Fac Preservation Housing Development Fund Corporation?
Fac Preservation Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 621 Degraw Street. The primary mission of this organization is to provide housing for qualified low-income individuals. They accomplish this by owning and operating five apartment buildings within the Brooklyn area. During the year, these buildings were occupied, housing a total of 26 apartments. The organization's purpose is to contribute to the local community by providing affordable housing solutions.
Is Fac Preservation Housing Development Fund Corporation legitimate?
Fac Preservation Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Fac Preservation 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
What is the mission statement of Fac Preservation Housing Development Fund Corporation?
The Fac Preservation Housing Development Fund Corporation is dedicated to serving qualified low-income individuals by owning and operating five apartment buildings. The organization's primary goal is to provide housing solutions within its capacity, focusing on this specific demographic. Their mission is realized by managing five apartment buildings, which collectively house 26 units. Throughout the year, these buildings are occupied, offering a residence to those in need.
Who is the CEO of Fac Preservation Housing Development Fund Corporation?
Dany Cunningham is the President of Fac Preservation Housing Development Fund Corporation.
What is the revenue of Fac Preservation Housing Development Fund Corporation?
Fac Preservation Housing Development Fund Corporation's revenue in 2023 was $426,785.
Who are the executives of Fac Preservation Housing Development Fund Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $233,154
- Other: $10,691
- Compensation: $0
- Related: $133,888
- Other: $35,101
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fac Preservation Housing Development Fund Corporation?
Fac Preservation Housing Development Fund Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Fac Preservation Housing Development Fund Corporation
Fac Preservation Housing Development Fund Corporation's mission is centered around providing affordable housing for individuals with low income. This nonprofit organization takes pride in owning and managing five apartment buildings located in various areas. Their primary objective is to offer these facilities to qualified individuals who fall under the low-income category. By doing so, they aim to contribute to the community and provide a living space for those who might otherwise struggle to find affordable housing. Throughout the year, these apartment buildings, housing a total of 26 apartments, are occupied, demonstrating the organization's success in fulfilling its mission.
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Impact
October, 2024
Fac Preservation Housing Development Fund Corporation significantly impacts the Brooklyn community by providing affordable housing to qualified low-income individuals. Owning and operating five apartment buildings, the organization has created 26 occupied apartments, directly addressing the pressing need for accessible living spaces in the area. This initiative not only shelters residents but also fosters community stability and helps break the cycle of poverty by offering secure homes to those in need. By prioritizing low-income individuals, the corporation contributes to economic and social equity in Brooklyn, ensuring that essential housing remains available to those who might otherwise struggle to find suitable accommodations.
This information is meant to be a general summary of Fac Preservation 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 2023.
- Investment Income: $119
- Program Service Revenue: $372,712
- Gross Receipts: $426,785
Assets and Liabilities:
- Total Assets: $3,448,424
- Total Liabilities: $5,389,195
- Net Assets: -$1,940,771
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$372,712
Organization Details
Founding Year
2003
Phone
(718) 237-2017Principal Officer
Dany Cunningham
Main Address
621 DEGRAW STREET, BROOKLYN, NY, 11217
NTEE Category
Code: L20 - Housing
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