Overview
What is Webster Park Avenue Hdfc?
Webster Park Avenue Hdfc is a nonprofit organization situated in the Bronx, New York, specifically at 660 East 183rd Street. Their primary mission is to offer affordable housing options for low-income and moderate-income families in the community. To achieve this, they manage a property that provides subsidized rental units. Their operational costs include administrative fees, utilities, maintenance, taxes, and insurance, ensuring the property runs efficiently and adheres to regulations.
Official website here: www.belmontldc.com
Is Webster Park Avenue Hdfc legitimate?
Webster Park Avenue Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Webster Park Avenue Hdfc 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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Official website here: www.belmontldc.com
What is the mission statement of Webster Park Avenue Hdfc?
Webster Park Avenue Hdfc's mission is centered around providing affordable housing opportunities for individuals and families who fall within the low-income to moderate-income bracket. By offering subsidized rental units, this organization aims to contribute to the community's housing needs. The organization's operations are primarily funded through the rental income generated from these properties. Administrative fees, utilities, maintenance, and tax and insurance expenses are covered to ensure the property is efficiently managed and complies with regulations.
Official website here: www.belmontldc.com
Who is the CEO of Webster Park Avenue Hdfc?
Consolato Cicciu is the President of Webster Park Avenue Hdfc.
Official website here: www.belmontldc.com
What is the revenue of Webster Park Avenue Hdfc?
Webster Park Avenue Hdfc's revenue in 2022 was $469,154.
Official website here: www.belmontldc.com
Who are the executives of Webster Park Avenue Hdfc and what are their salaries?
Here are 3 key members and their salaries:
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Official website here: www.belmontldc.com
Where can I find the form 990 for Webster Park Avenue Hdfc?
Webster Park Avenue Hdfc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.belmontldc.com
Learn more at the official website: www.belmontldc.com
Mission Statement of Webster Park Avenue Hdfc
Webster Park Avenue Hdfc, as a nonprofit organization, is committed to providing housing opportunities for individuals and families with low to moderate incomes. Their mission is centered around making these housing options widely available within the community. The organization generates revenue primarily through the rental of these residences, with the associated expenses covering necessary administrative costs, utilities, maintenance, taxes, and insurance. By efficiently managing these resources, Webster Park Avenue Hdfc ensures compliance with regulations and continues to provide essential housing for those in need.
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Impact
October, 2024
Webster Park Avenue HDFC has a significant impact on the Bronx community by providing low to moderate-income housing opportunities. By focusing on subsidized rentals, it ensures that families who might otherwise struggle to afford rent have access to stable and affordable housing. This not only supports individual families but also contributes to the overall economic stability of the area.
The rental income generated from these housing units allows the organization to maintain and operate the property efficiently, covering essential expenses such as administrative fees, utilities, maintenance, taxes, and insurance. This careful management ensures that the housing remains a viable option for community residents while complying with necessary regulations.
By addressing the critical need for affordable housing, Webster Park Avenue HDFC plays a crucial role in enhancing the quality of life for its residents and fostering a more inclusive community in the Bronx.
This information is meant to be a general summary of Webster Park Avenue Hdfc. 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: $615
- Program Service Revenue: $468,539
- Gross Receipts: $469,154
Assets and Liabilities:
- Total Assets: $3,382,344
- Total Liabilities: $5,294,478
- Net Assets: -$1,912,134
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTAL INCOME
Revenue
$468,539
OTHER INCOME
VACANCIES
Organization Details
Founding Year
2006
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
Website
www.belmontldc.comNTEE Category
Code: L25 - Housing
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