Overview
What is Madison Street Housing Development Fund Corporation?
Madison Street Housing Development Fund Corporation is a nonprofit organization with a mission to provide housing for individuals of low income in New York City, where adequate housing is scarce. Established with a non-profit purpose, this organization operates a building with 20 units, dedicated to serving this specific demographic. The Corporation's activities revolve around developing and managing this housing project to make a positive impact on its residents.
Is Madison Street Housing Development Fund Corporation legitimate?
Madison Street Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Street 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
What is the mission statement of Madison Street Housing Development Fund Corporation?
The Madison Street Housing Development Fund Corporation was established with a mission to address the lack of adequate housing for individuals of low income. Operating on a non-profit basis, the organization's primary objective is to develop and manage housing projects, specifically in urban areas where such resources are scarce. Their main goal is to provide a suitable living environment for these individuals, thereby improving their quality of life. The corporation currently operates a low-income housing building with 20 units, serving as a tangible example of their dedication to this cause.
What is the revenue of Madison Street Housing Development Fund Corporation?
Madison Street Housing Development Fund Corporation's revenue in 2023 was $242,384.
Who are the executives of Madison Street Housing Development Fund Corporation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $178,281
- Other: $22,333
- Compensation: $0
- Related: $168,900
- Other: $48,163
- Compensation: $0
- Related: $279,045
- Other: $66,264
- Compensation: $0
- Related: $139,860
- Other: $8,044
- Compensation: $0
- Related: $192,545
- Other: $28,046
Where can I find the form 990 for Madison Street Housing Development Fund Corporation?
Madison Street Housing Development Fund Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Madison Street Housing Development Fund Corporation
Madison Street Housing Development Fund Corporation was established with a mission to address the housing needs of individuals of low income in New York City. Recognizing a gap in adequate housing options for such individuals, the organization set out to develop and operate a housing project on a non-profit basis. This project aimed to provide a home for those in need, who otherwise may not have had access to suitable housing. Operating a low-income housing building with 20 units, Madison Street Housing Development Fund Corporation works to provide suitable living spaces for its residents.
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Impact
October, 2024
Madison Street Housing Development Fund Corporation plays a crucial role in addressing the urgent need for affordable housing in New York City. By developing and operating a low-income housing building with 20 units, it directly contributes to alleviating the housing crisis faced by individuals and families with limited financial means. The organization focuses on providing safe, stable, and adequate housing where it is most needed, ensuring that low-income residents have access to the resources necessary for a better quality of life. Its impact extends beyond housing, fostering community development and improving the overall social fabric of the neighborhoods it serves.
This information is meant to be a general summary of Madison Street 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 2023.
- Program Service Revenue: $241,342
- Gross Receipts: $242,384
Assets and Liabilities:
- Total Assets: $3,741,842
- Total Liabilities: $4,179,548
- Net Assets: -$437,706
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$241,342
Organization Details
Founding Year
2016
Principal Officer
Thomas Yu
NTEE Category
Code: L20 - Housing
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