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Fac Renaissance Housing Development Fund Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 811004692 ✦ Brooklyn, NY ✦ Designated as a 501(c)(4)

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Overview

What is Fac Renaissance Housing Development Fund Corporation?

Fac Renaissance Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 621 Degraw Street. Their primary mission is to create and manage affordable housing units for individuals and families with low income, contributing to the Brooklyn community. The organization is committed to providing decent and affordable living spaces for its qualified beneficiaries, ensuring their well-being and contributing to the local area's overall development.


Official website here: www.fifthave.org

Is Fac Renaissance Housing Development Fund Corporation legitimate?

Fac Renaissance Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Fac Renaissance 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: $0

For more financial information, click here


Official website here: www.fifthave.org

What is the mission statement of Fac Renaissance Housing Development Fund Corporation?

The Fac Renaissance Housing Development Fund Corporation's mission is centered around providing decent and affordable housing for qualified low-income individuals. This organization actively works towards developing and maintaining such housing facilities, aiming to contribute positively to the community. Their primary focus is on the Brooklyn, New York area, striving to make housing more accessible for those who may otherwise struggle financially. They operate an affordable housing project, which includes apartment units for families and individuals, ensuring they can reside in a suitable living space.


Official website here: www.fifthave.org

Who is the CEO of Fac Renaissance Housing Development Fund Corporation?

Michelle De La Uz is the Treasurer of Fac Renaissance Housing Development Fund Corporation.


Official website here: www.fifthave.org

What is the revenue of Fac Renaissance Housing Development Fund Corporation?

Fac Renaissance Housing Development Fund Corporation's revenue in 2022 was $1,328,049.


Official website here: www.fifthave.org

Who are the executives of Fac Renaissance Housing Development Fund Corporation and what are their salaries?

There 2 volunteers at Fac Renaissance Housing Development Fund Corporation.


Here are 4 key members and their salaries:


Jay Marcus (Treasurer)
  • Compensation: $0
  • Related: $133,888
  • Other: $42,542
Michelle De La Uz (Secretary)
  • Compensation: $0
  • Related: $233,154
  • Other: $11,143
Patricia Conway (Outgoing President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jessica Yager (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fifthave.org

Where can I find the form 990 for Fac Renaissance Housing Development Fund Corporation?

Fac Renaissance Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fifthave.org

Learn more at the official website: www.fifthave.org

Mission Statement of Fac Renaissance Housing Development Fund Corporation

Fac Renaissance Housing Development Fund Corporation is committed to a noble mission. This organization strives to develop, maintain, and provide decent and affordable housing for qualified low-income individuals residing in the Brooklyn, New York area. By undertaking this mission, Fac Renaissance Housing Development Fund Corporation aims to contribute significantly to the community, ensuring that a portion of its population has access to suitable housing. The corporation's efforts extend beyond simply constructing housing units; it also maintains and operates an affordable housing project, consisting of apartment units for families and individuals with limited financial resources. This dedication to affordable housing enables deserving individuals to secure a roof over their heads, thereby fostering a sense of stability and security within their living environment.

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Impact




October, 2024

Fac Renaissance Housing Development Fund Corporation significantly impacts the Brooklyn, New York community by addressing the pressing need for affordable housing. Its mission focuses on developing, maintaining, and providing decent housing options for low-income individuals and families. By operating affordable apartment units, it plays a crucial role in ensuring that vulnerable populations have access to safe and stable living environments. This initiative not only enhances the quality of life for residents but also contributes to the overall well-being and economic stability of the community. Through its efforts, the organization helps to alleviate housing insecurity and promote healthier, more sustainable neighborhoods in Brooklyn.




This information is meant to be a general summary of Fac Renaissance 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.

Revenue
$1,328,049 (2022)
Expenses
$1,672,935 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $34
  • Program Service Revenue: $1,118,166
  • Gross Receipts: $1,328,049

Assets and Liabilities:

  • Total Assets: $14,469,482
  • Total Liabilities: $15,744,502
  • Net Assets: -$1,275,020

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$1,118,166

Organization Details

Founding Year

2015

Principal Officer

Michelle De La Uz

Main Address

621 DEGRAW ST, BROOKLYN, NY, 11217

NTEE Category

Code: L20 - Housing

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