Overview
What is Walnut Affordable Housing Inc?
Walnut Affordable Housing Inc is a nonprofit organization situated in New York City, specifically at 122 East 42nd Street Suite 4900. Their primary mission is to provide affordable housing for low-income families. They accomplish this by engaging in various activities such as acquiring, developing, owning, and operating such housing units. This commitment to affordable living for disadvantaged families is essential to their overall purpose, ensuring that a substantial number of units, in this case, 284, are made available.
Is Walnut Affordable Housing Inc legitimate?
Walnut Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walnut Affordable Housing Inc 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
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What is the mission statement of Walnut Affordable Housing Inc?
Walnut Affordable Housing Inc, as an organization, is committed to procuring, constructing, maintaining, and managing affordable housing units for families with low income. Their primary mission is to ensure that these families have access to suitable housing, thereby improving their living conditions. The organization's activities extend to the provision of 284 such housing units, thereby contributing significantly to the housing market for low-income families. By offering affordable housing options, Walnut Affordable Housing Inc aims to alleviate the housing challenges faced by these families, thereby promoting social equity and inclusion.
Who is the CEO of Walnut Affordable Housing Inc?
Richard Burns is the Board Member / President of Walnut Affordable Housing Inc.
What is the revenue of Walnut Affordable Housing Inc?
Walnut Affordable Housing Inc's revenue in 2022 was $66,667.
Who are the executives of Walnut Affordable Housing Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $250,541
- Other: $19,908
- Compensation: $0
- Related: $698,152
- Other: $16,990
- Compensation: $0
- Related: $216,079
- Other: $35,979
- Compensation: $0
- Related: $274,039
- Other: $26,944
- Compensation: $0
- Related: $259,615
- Other: $15,841
- Compensation: $0
- Related: $396,590
- Other: $0
- Compensation: $0
- Related: $452,781
- Other: $32,145
Where can I find the form 990 for Walnut Affordable Housing Inc?
Walnut Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Walnut Affordable Housing Inc
Walnut Affordable Housing Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for low-income families. Its primary mission encompasses the acquisition, development, ownership, and operation of such housing units. By undertaking these activities, Walnut Affordable Housing Inc aims to contribute significantly to the housing needs of these families, ensuring they have access to decent and affordable living spaces. In essence, the organization's mission is geared towards facilitating the provision of 284 units of low-income housing, thereby making a tangible impact on the lives of many families.
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Impact
October, 2024
Walnut Affordable Housing Inc plays a crucial role in addressing the housing crisis faced by low-income families in New York City. By focusing on the acquisition, development, ownership, and operation of affordable housing, the organization has successfully assisted in the provision of 284 units of low-income housing. This initiative not only helps to stabilize families by providing them with safe and affordable living conditions but also fosters community development and economic growth. Through its efforts, Walnut Affordable Housing Inc contributes significantly to making the city more accessible for those in need, ensuring that affordable housing remains a priority in urban planning and development.
This information is meant to be a general summary of Walnut Affordable Housing Inc. 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.
- Program Service Revenue: $66,667
- Gross Receipts: $66,667
Assets and Liabilities:
- Total Assets: $1,200,000
- Total Liabilities: $2,320
- Net Assets: $1,197,680
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$66,667
Organization Details
Founding Year
1996
Phone
(646) 336-4940Principal Officer
Richard Burns
Main Address
122 EAST 42ND STREET SUITE 4900, NEW YORK, NY, 10168
NTEE Category
Code: L80I - Housing
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