Overview
What is Gregene Housing Development Fund Corporation?
Gregene Housing Development Fund Corporation is a nonprofit organization, established with the primary objective of providing affordable housing to low-income individuals. Situated in Brooklyn, New York, the corporation manages a project consisting of 34 apartments spread across four multi-story buildings. The project was developed utilizing long-term loans under the Private Housing Finance Law of New York and the City of New York Housing Preservation and Development (HPD). To maintain compliance, Gregene Housing Development Fund Corporation adheres to HPD's requirements, ensuring that only eligible tenants are admitted. The organization's mission remains dedicated to assisting in the acquisition and operation of the housing project on a nonprofit basis.
Is Gregene Housing Development Fund Corporation legitimate?
Gregene Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gregene 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: $55,466
For more financial information, click here
What is the mission statement of Gregene Housing Development Fund Corporation?
The Gregene Housing Development Fund Corporation was established with the primary objective of assisting in the acquisition and operation of a housing project for individuals of low income, on a non-profit basis. The corporation continues to provide housing to its low-income tenants in 34 apartments spread across four multi-story buildings. The project was developed through long-term loans, and the corporation operates, maintains, and manages it in accordance with the requirements set by the Housing Preservation and Development (HPD) of New York State and the City of New York. The corporation's mission is centered around providing affordable housing options for those in need.
Who is the CEO of Gregene Housing Development Fund Corporation?
Val Henry is the President/Ce of Gregene Housing Development Fund Corporation.
What is the revenue of Gregene Housing Development Fund Corporation?
Gregene Housing Development Fund Corporation's revenue in 2022 was $358,039.
Who are the executives of Gregene Housing Development Fund Corporation and what are their salaries?
There 13 volunteers at Gregene Housing Development Fund Corporation.
Here are 14 key members and their salaries:
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- Other: $6,829
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Where can I find the form 990 for Gregene Housing Development Fund Corporation?
Gregene Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gregene Housing Development Fund Corporation
Gregene Housing Development Fund Corporation, a nonprofit organization, has been established with a primary objective. Its mission is singularly focused on aiding in the acquisition and operation of a housing project, on a nonprofit basis, specifically for individuals of low income. This corporation serves as a facilitator, ensuring the availability of affordable housing for those who require it most. The project, housing 34 tenants in four multi-story buildings, is a testament to their commitment. The acquisition and operation of this project are funded through long-term loans, granted under Article VIII of the Private Housing Finance Law of New York State and City of New York's Housing Preservation and Development (HPD). As a result, Gregene Housing Development Fund Corporation continues to manage and maintain the project, adhering to the stipulations set by HPD, particularly in terms of admitting eligible tenants.
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Impact
October, 2024
Gregene Housing Development Fund Corporation significantly impacts the community by providing affordable housing options specifically for low-income individuals and families. Through the operation of 34 apartments in four multi-story buildings, it ensures that eligible tenants have access to safe and stable housing in Brooklyn, NY. The organization adheres to the requirements set forth by the New York City Department of Housing Preservation and Development, which dictates the management and maintenance of the housing project. This commitment helps create a sustainable living environment that supports low-income residents, allowing them to enjoy a better quality of life while fulfilling essential housing needs. Moreover, Gregene Housing Development Fund Corporation plays a crucial role in addressing housing disparities, contributing to the overall welfare of the community.
This information is meant to be a general summary of Gregene 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: $2,080
- Program Service Revenue: $352,826
- Gross Receipts: $358,039
Assets and Liabilities:
- Total Assets: $2,096,629
- Total Liabilities: $2,762,956
- Net Assets: -$666,327
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW-INCOME HOUSING RENT
Revenue
$352,826
Organization Details
Founding Year
2012
Phone
(212) 665-5500Principal Officer
Val Henry
Main Address
230 KINGSTON AVENUE, BROOKLYN, NY, 11213
NTEE Category
Code: L21 - Housing
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