Overview
What is Lower East Side Housing Development Fund Company Inc?
Lower East Side Housing Development Fund Company Inc is a nonprofit organization established with the purpose of promoting and encouraging the development of affordable housing for individuals with low to medium income. The primary objective of the Fund is to alleviate hardships and suffering caused by inadequate housing and living conditions. To accomplish this, the company actively acquires, preserves, and operates affordable rental housing units. The mission of Lower East Side Housing Development Fund Company Inc is to provide a crucial service to its community, ensuring that low-income families have access to decent and affordable housing.
Is Lower East Side Housing Development Fund Company Inc legitimate?
Lower East Side Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lower East Side 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 Lower East Side Housing Development Fund Company Inc?
The Lower East Side Housing Development Fund Company Inc was established with the mission to encourage, promote, and sponsor the development of housing and related facilities for individuals with low income and limited means. The organization's primary goal is to alleviate hardships and suffering caused by inadequate housing and living arrangements for this disadvantaged group. The company's activities include acquiring, preserving, and operating affordable rental housing for low to median income families. The mission of Lower East Side Housing Development Fund Company Inc is centered around providing adequate housing solutions and improving living conditions for individuals who are economically disadvantaged.
Who is the CEO of Lower East Side Housing Development Fund Company Inc?
Thomas Yu is the Co-Executive Director (Outgoing) of Lower East Side Housing Development Fund Company Inc.
What is the revenue of Lower East Side Housing Development Fund Company Inc?
Lower East Side Housing Development Fund Company Inc's revenue in 2022 was $50.
Who are the executives of Lower East Side Housing Development Fund Company Inc and what are their salaries?
There 2 volunteers at Lower East Side Housing Development Fund Company Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $160,060
- Other: $40,689
- Compensation: $0
- Related: $268,262
- Other: $53,087
- Compensation: $0
- Related: $163,579
- Other: $13,682
- Compensation: $0
- Related: $96,262
- Other: $10,776
- Compensation: $0
- Related: $63,838
- Other: $1,921
- Compensation: $0
- Related: $142,982
- Other: $43,741
Where can I find the form 990 for Lower East Side Housing Development Fund Company Inc?
Lower East Side Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lower East Side Housing Development Fund Company Inc
Lower East Side Housing Development Fund Company Inc was established with the mission to promote, encourage, provide, and sponsor the development of affordable housing and related facilities for individuals and families of low income and limited means. The organization was created to alleviate hardship and suffering brought upon by inadequate housing and living arrangements for this disadvantaged group. By acquiring, preserving, and operating affordable rental housing, Lower East Side Housing Development Fund Company Inc aims to provide a solution to the housing challenges faced by low to median income families. The company's mission is integral in addressing the housing needs of those in need and improving their overall living conditions.
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Impact
October, 2024
Lower East Side Housing Development Fund Company Inc significantly impacts the community by acquiring, preserving, and operating affordable rental housing for low to moderate-income families in New York City. Its mission addresses the critical need for affordable housing and related facilities for individuals with limited means, thereby alleviating hardship and suffering caused by inadequate living conditions. By focusing on this demographic, the organization helps to foster stability and improve quality of life for residents, contributing to the revitalization of the Lower East Side and promoting socio-economic diversity. Their efforts not only provide housing but also encourage community engagement and development, making them instrumental in the pursuit of equitable housing solutions in urban areas.
This information is meant to be a general summary of Lower East Side 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 2022.
- Gross Receipts: $50
Assets and Liabilities:
- Total Assets: $14,089,479
- Total Liabilities: $14,157,533
- Net Assets: -$68,054
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Organization Details
Founding Year
2019
Phone
(212) 964-2288Principal Officer
Thomas Yu
Main Address
141 NORFOLK STREET, NEW YORK, NY, 10002
NTEE Category
Code: L19 - Housing
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