Overview
What is One Flushing Housing Development Fund Corporation?
One Flushing Housing Development Fund Corporation is a nonprofit organization based in New York, NY, dedicated to providing affordable housing for individuals of low income. Their primary mission involves developing and managing a housing project, where 100% of the facilities are rented out to eligible residents who meet specific income requirements. Annual recertification and proof of eligibility are necessary to maintain residency. This low-income housing project aims to provide a secure living space for its residents.
Is One Flushing Housing Development Fund Corporation legitimate?
One Flushing Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. One Flushing Housing Development Fund Corporation submitted a form 990EZ, 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.
What is the mission statement of One Flushing Housing Development Fund Corporation?
The One Flushing Housing Development Fund Corporation was established with the primary goal of developing and managing a housing project for individuals of low income. To accomplish this mission, the corporation leases all its facilities exclusively to individuals who meet specific income requirements. Regular annual recertification and proof of eligibility are necessary for continued residency. The corporation's project is recognized as a low-income, affordable housing development. While the location is not specified in the provided information, it is noted that the project is situated in New York, NY.
Who is the CEO of One Flushing Housing Development Fund Corporation?
Thomas Yu is the Executive Director of One Flushing Housing Development Fund Corporation.
What is the revenue of One Flushing Housing Development Fund Corporation?
One Flushing Housing Development Fund Corporation's revenue in 2022 was $1,650.
Who are the executives of One Flushing Housing Development Fund Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990EZ for One Flushing Housing Development Fund Corporation?
One Flushing Housing Development Fund Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of One Flushing Housing Development Fund Corporation
One Flushing Housing Development Fund Corporation is a nonprofit organization with a mission to develop and manage affordable housing for individuals of low income. Established with this specific purpose, the corporation leases all of its facilities exclusively to individuals who meet certain income requirements. The organization ensures annual recertification and verification of eligibility to maintain the affordability of the housing. This nonprofit is committed to providing affordable housing, making a significant contribution to addressing housing needs in the community.
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Impact
October, 2024
One Flushing Housing Development Fund Corporation significantly impacts the community by providing affordable housing to individuals and families with low income in New York City. By focusing exclusively on developing and operating low-income housing projects, the Corporation ensures that 100% of its facilities are accessible to those who meet specific income restrictions. This initiative addresses a crucial need in one of the most expensive housing markets in the country, allowing residents to secure stable, affordable homes.
The requirement for annual recertification and proof of eligibility helps maintain the integrity of the program, ensuring that the housing remains dedicated to those who truly need it. As a result, the Corporation not only contributes to alleviating housing insecurity but also supports the overall economic stability of the community by providing a safe and affordable living environment. Through its efforts, One Flushing fosters inclusivity and enhances the quality of life for low-income residents in New York City.
This information is meant to be a general summary of One Flushing 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.
- Gross Receipts: $1,650
Assets and Liabilities:
- Total Assets: $8,015
- Total Liabilities: $8,650
- Net Assets: -$635
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Organization Details
Phone
(212) 964-2288Principal Officer
Thomas Yu
Main Address
141 NORFOLK ST, NEW YORK, NY, 10002
NTEE Category
Code: Z99 - Unknown
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