Overview
What is Kb25 Housing Development Fund Corporation?
Kb25 Housing Development Fund Corporation is a nonprofit organization established in New York City, specifically at 902 Broadway, 13th Floor, New York, NY 10010. Its primary purpose is to own and manage a residential building, providing housing for individuals of low and moderate income. The building, located at 325 E. 25th Street in Manhattan, caters to this demographic, contributing to the community by offering affordable living solutions. The organization, with a modest workforce of one employee, is dedicated to this mission.
Is Kb25 Housing Development Fund Corporation legitimate?
Kb25 Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Kb25 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: $80,819
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What is the mission statement of Kb25 Housing Development Fund Corporation?
The Kb25 Housing Development Fund Corporation was established with a mission to provide housing solutions for individuals with low and moderate income levels. Specifically, the corporation was formed to own and manage a residential building, offering a home to those in need of affordable housing. The corporation operates a 56-unit building located in an unspecified area. This housing development aims to provide a living space for individuals who might otherwise struggle to secure appropriate housing due to financial constraints.
Who is the CEO of Kb25 Housing Development Fund Corporation?
Adam Weinstein is the President/Ceo of Kb25 Housing Development Fund Corporation. The CEO's salary of Kb25 Housing Development Fund Corporation is $0 and their total compensation is $968,887.
What is the revenue of Kb25 Housing Development Fund Corporation?
Kb25 Housing Development Fund Corporation's revenue in 2022 was $1,157,387.
Who are the executives of Kb25 Housing Development Fund Corporation and what are their salaries?
The average compensation at Kb25 Housing Development Fund Corporation during 2022 was $80,819. There is 1 employee at Kb25 Housing Development Fund Corporation.
Here are 5 key members and their salaries (Kb25 Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $968,887):
- Compensation: $0
- Related: $806,771
- Other: $162,116
- Compensation: $0
- Related: $340,062
- Other: $74,966
- Compensation: $0
- Related: $316,782
- Other: $69,454
- Compensation: $0
- Related: $337,028
- Other: $70,890
- Compensation: $0
- Related: $310,698
- Other: $57,805
Where can I find the form 990 for Kb25 Housing Development Fund Corporation?
Kb25 Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kb25 Housing Development Fund Corporation
Kb25 Housing Development Fund Corporation, a nonprofit organization, was established with the mission to own and operate a residential building for individuals of low and moderate income. Their primary objective is to provide affordable housing solutions for this specific demographic, ensuring that everyone has access to safe and comfortable living spaces. By managing a 56-unit residential building, Kb25 Housing Development Fund Corporation aims to contribute to the community's housing needs and help individuals maintain a stable living situation.
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Impact
October, 2024
Kb25 Housing Development Fund Corporation significantly impacts the community by providing stable housing for low and moderate-income individuals and families in Manhattan. By owning and operating a 56-unit residential building located at 325 E. 25th Street, it fulfills a critical need for affordable housing in an area where such options are increasingly scarce. This initiative not only alleviates housing insecurity but also fosters a sense of community among residents, contributing to their overall well-being and social stability. The presence of Kb25 enhances the urban landscape of New York City by ensuring that diverse populations have access to safe and affordable living spaces, ultimately promoting economic diversity and inclusion in the borough.
This information is meant to be a general summary of Kb25 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.
- Investment Income: $483
- Program Service Revenue: $1,156,547
- Gross Receipts: $1,157,387
Assets and Liabilities:
- Total Assets: $14,959,638
- Total Liabilities: $344,483
- Net Assets: $14,615,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,146,817
TENANT CHARGES
Revenue
$9,730
Organization Details
Founding Year
2014
Phone
(212) 243-9090Principal Officer
Adam Weinstein
Main Address
902 BROADWAY 13TH FLOOR, NEW YORK, NY, 10010
NTEE Category
Code: L20 - Housing
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