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One Riverside Park Housing Development Fund Corporation

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

EIN: 474986806 ✦ New york, NY ✦ Designated as a 501(c)(4)

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Overview

What is One Riverside Park Housing Development Fund Corporation?

One Riverside Park Housing Development Fund Corporation is a not-for-profit charitable organization established in New York City on July 27, 2015. The organization, formed under Section 402 of the Not-For-Profit Corporation Law of the State of NY, operates with a mission to rehabilitate and manage a supportive housing project for eligible homeless and low-income single adults. The project is located at 40 Riverside Boulevard, and the organization is exempt from income taxes, as per its charitable status.


Official website here: www.breakingground.org

Is One Riverside Park Housing Development Fund Corporation legitimate?

One Riverside Park Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. One Riverside Park 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: $122,096

For more financial information, click here


Official website here: www.breakingground.org

What is the mission statement of One Riverside Park Housing Development Fund Corporation?

One Riverside Park Housing Development Fund Corporation was established with the aim of owning, rehabilitating, and managing a supportive housing project. This organization, established under Section 402 of the Not-For-Profit Corporation Law of New York on July 27, 2015, is a not-for-profit charitable entity exempt from income taxes. Its primary objective is to provide housing solutions for eligible homeless and low-income single adults, as outlined in its schedule O. The organization operates with a mission to contribute positively to the lives of its residents, providing them with a secure and supportive living environment.


Official website here: www.breakingground.org

Who is the CEO of One Riverside Park Housing Development Fund Corporation?

Brenda Rosen is the President & Ceo of One Riverside Park Housing Development Fund Corporation. The CEO's salary of One Riverside Park Housing Development Fund Corporation is $0 and their total compensation is $600,372.


Official website here: www.breakingground.org

What is the revenue of One Riverside Park Housing Development Fund Corporation?

One Riverside Park Housing Development Fund Corporation's revenue in 2022 was $681,746.


Official website here: www.breakingground.org

Who are the executives of One Riverside Park Housing Development Fund Corporation and what are their salaries?


Here are 5 key members and their salaries (One Riverside Park Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $600,372):


Brenda Rosen (President & Ceo)
  • Compensation: $0
  • Related: $587,598
  • Other: $12,774
David Beer (Vice President)
  • Compensation: $0
  • Related: $306,168
  • Other: $43,943
Toby Sherman (Secretary)
  • Compensation: $0
  • Related: $256,279
  • Other: $19,123
Benjamin Stacks (Treasurer/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Moran (Chief Financial Officer)
  • Compensation: $0
  • Related: $338,301
  • Other: $43,787


Official website here: www.breakingground.org

Where can I find the form 990 for One Riverside Park Housing Development Fund Corporation?

One Riverside Park Housing Development Fund Corporation's most recent form 990 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 One Riverside Park Housing Development Fund Corporation

One Riverside Park Housing Development Fund Corporation, established under Section 402 of the Not-For-Profit Corporation Law of New York, was formed with a mission to own, rehabilitate, and manage a supportive housing project. This organization, which operates under the umbrella of a not-for-profit charitable entity exempt from income taxes, is dedicated to providing housing solutions for eligible homeless and low-income single adults. Although the specific location of the housing project is not specified in the provided information, it is assumed that the corporation focuses on addressing housing needs within its operational capacity.

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Impact




October, 2024

One Riverside Park Housing Development Fund Corporation significantly impacts its community by providing stable and supportive housing for eligible homeless and low-income single adults in New York City. Located at 40 Riverside Boulevard, this initiative focuses on rehabilitating and operating a housing project that caters to the needs of individuals facing housing insecurity.

By offering a safe and nurturing environment, the organization not only helps residents achieve stability but also fosters a sense of community among those who may have previously been marginalized. The supportive housing model allows residents access to necessary resources and services, promoting their overall well-being and facilitating their transition towards greater self-sufficiency.

Through its commitment to addressing homelessness and low-income housing, One Riverside Park Housing Development Fund Corporation plays a crucial role in improving the lives of vulnerable populations while contributing to the broader goals of social equity and community development in New York City.




This information is meant to be a general summary of One Riverside Park 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.

Revenue
$681,746 (2022)
Expenses
$676,816 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $133
  • Program Service Revenue: $681,613
  • Gross Receipts: $681,746

Assets and Liabilities:

  • Total Assets: $519,910
  • Total Liabilities: $351,404
  • Net Assets: $168,506

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Programs

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

LOW-INCOME HOUSING RENTAL INCOME

Revenue

$680,044

ANCILLARY TENANT SERVICES

Revenue

$1,569

Organization Details

Founding Year

2015

Principal Officer

Brenda Rosen

Main Address

505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY, 10018

NTEE Category

Code: L20 - Housing

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