Overview
What is Rivington Housing Development Fund Company Inc?
Rivington Housing Development Fund Company Inc is a nonprofit organization situated in New York City, specifically at 141 Norfolk Street, New York, NY 10002. Its primary mission is to develop affordable housing for individuals with low income, operating on a nonprofit basis. Established with this purpose, the company has dedicated its resources to creating housing projects that cater to this demographic.
Is Rivington Housing Development Fund Company Inc legitimate?
Rivington Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rivington Housing Development Fund Company 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 Rivington Housing Development Fund Company Inc?
Rivington Housing Development Fund Company Inc was established with a specific purpose in mind. Its mission is centered around developing housing projects, operating on a non-profit basis, primarily for individuals who fall under the low-income bracket. The company's objective is to contribute to the provision of affordable housing for those in need. The focus of their activities is solely dedicated to this cause. It does not provide any additional details about the specific services or locations of these housing projects.
What is the revenue of Rivington Housing Development Fund Company Inc?
Rivington Housing Development Fund Company Inc's revenue in 2023 was $264,205.
Who are the executives of Rivington Housing Development Fund Company Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $178,281
- Other: $22,333
- Compensation: $0
- Related: $168,900
- Other: $48,163
- Compensation: $0
- Related: $279,045
- Other: $66,264
- Compensation: $0
- Related: $139,860
- Other: $8,044
- Compensation: $0
- Related: $192,545
- Other: $28,046
Where can I find the form 990 for Rivington Housing Development Fund Company Inc?
Rivington Housing Development Fund Company Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rivington Housing Development Fund Company Inc
Rivington Housing Development Fund Company Inc was established with a singular mission: to develop affordable housing for individuals of low income, on a non-profit basis. This organization, dedicated to social welfare, focuses its activities solely on this purpose. By establishing a housing project, Rivington aims to provide a much-needed solution for individuals who may struggle financially, ensuring they have access to safe and comfortable living spaces.
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Impact
October, 2024
Rivington Housing Development Fund Company Inc significantly impacts the community by addressing the critical need for affordable housing for low-income individuals in New York City. By developing and operating a dedicated housing project, it provides secure and stable living environments for those who may otherwise struggle to find suitable accommodations. This initiative not only enhances the quality of life for residents but also fosters community development and integration.
Furthermore, by focusing on low-income housing, Rivington helps mitigate issues related to homelessness and housing insecurity, contributing to the overall social fabric of the city. The organization's efforts also have the potential to reduce crime rates in the area by promoting stable living conditions and community engagement. Overall, Rivington Housing Development Fund Company Inc plays a vital role in creating a more equitable urban landscape.
This information is meant to be a general summary of Rivington Housing Development Fund Company 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 2023.
- Investment Income: $59
- Program Service Revenue: $262,460
- Gross Receipts: $264,205
Assets and Liabilities:
- Total Assets: $1,968,121
- Total Liabilities: $1,928,146
- Net Assets: $39,975
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$261,203
BAD DEBT RECOVERY
Revenue
$1,257
Organization Details
Founding Year
2006
Principal Officer
Thomas Yu
NTEE Category
Code: I21 - Crime
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