Overview
What is Vanmew Housing Development Fund Corporation?
Vanmew Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 230 Kingston Avenue, 11213. Their primary mission is to provide affordable housing options for low-income individuals, operating and managing a project consisting of 30 residential units and 1 commercial unit housed in four multi-story buildings. The organization's activities are financed and regulated through agreements with the New York State Housing Finance Agency and the New York City Department of Housing Preservation and Development (HPD). To maintain eligibility, Vanmew Housing Development Fund Corporation admits only low-income tenants in accordance with HPD's requirements.
Is Vanmew Housing Development Fund Corporation legitimate?
Vanmew Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vanmew 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: $52,967
For more financial information, click here
What is the mission statement of Vanmew Housing Development Fund Corporation?
The Vanmew Housing Development Fund Corporation, through regulatory and financing agreements with the New York State Housing Finance Agency and the New York City Department of Housing Preservation and Development (HPD), aims to acquire apartment buildings for the purpose of operating and maintaining rental properties at approved rates for individuals of low-income. This mission is centered around providing affordable housing solutions, ensuring that individuals with limited financial means can secure suitable living spaces. The corporation's activities primarily revolve around acquiring and managing apartments, ensuring that the rental rates remain within an affordable range for those in need.
Who is the CEO of Vanmew Housing Development Fund Corporation?
Val Henry is the President/Ce of Vanmew Housing Development Fund Corporation.
What is the revenue of Vanmew Housing Development Fund Corporation?
Vanmew Housing Development Fund Corporation's revenue in 2022 was $291,678.
Who are the executives of Vanmew Housing Development Fund Corporation and what are their salaries?
There 13 volunteers at Vanmew 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 Vanmew Housing Development Fund Corporation?
Vanmew Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vanmew Housing Development Fund Corporation
Vanmew Housing Development Fund Corporation, for short Vanmew, has entered into regulatory and financial agreements with the New York State Housing Finance Agency and the New York City Department of Housing Preservation and Development (HPD). The primary objective of Vanmew, as per these agreements, is to acquire apartment buildings for the purpose of operating and maintaining rental properties. These properties are intended to be offered at approved rates, catering specifically to individuals with low income. By doing so, Vanmew aims to provide affordable housing solutions, contributing to the well-being and stability of the community's economically disadvantaged members.
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Impact
October, 2024
Vanmew Housing Development Fund Corporation plays a vital role in addressing the housing needs of low-income individuals and families in Brooklyn, NY. By acquiring and managing residential and commercial properties, the organization provides safe and affordable housing options, ensuring that eligible tenants can secure stable living environments at reasonable rental rates.
With a commitment to quality and compliance, the Corporation operates within the framework of regulatory agreements with the New York State Housing Finance Agency and the New York City Department of Housing Preservation and Development. This ensures that the properties are maintained to high standards while adhering to guidelines for tenant eligibility.
Through its efforts, Vanmew Housing Development Fund Corporation significantly contributes to community stability and the well-being of low-income residents, making a meaningful impact on the local housing landscape and enhancing the quality of life for many.
This information is meant to be a general summary of Vanmew 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: $1,440
- Program Service Revenue: $289,956
- Gross Receipts: $291,678
Assets and Liabilities:
- Total Assets: $1,530,825
- Total Liabilities: $2,480,477
- Net Assets: -$949,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW-INCOME HSNG RENTAL
Revenue
$289,956
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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