Overview
What is Addabbo Center Future Home Inc?
Addabbo Center Future Home Inc is a nonprofit organization, situated in Averne, New York, with the primary goal of facilitating borrowings for New Markets Tax Credit financing. This financing is essential for the development and construction of a health center for the Joseph P. Addabbo Family Health Center, Inc., located in Queens, New York. The organization's objective is to contribute to the expansion of healthcare facilities in the area, ultimately benefiting the local community.
Official website here: www.addabbo.org
Is Addabbo Center Future Home Inc legitimate?
Addabbo Center Future Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Addabbo Center Future Home 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
For more financial information, click here
Official website here: www.addabbo.org
What is the mission statement of Addabbo Center Future Home Inc?
Addabbo Center Future Home Inc's mission is centered around facilitating borrowings for a New Markets Tax Credit transaction. This financial aid is utilized to finance the development and construction of a health center. The organization's primary goal is to contribute to the creation of a healthcare facility, without specifying its location. The purpose of this initiative is to provide necessary healthcare services, implying that the organization's mission is rooted in improving community health and wellbeing. The New Markets Tax Credit serves as a financial tool to make this project financially viable, thereby ensuring the availability of essential healthcare services for a broader population.
Official website here: www.addabbo.org
Who is the CEO of Addabbo Center Future Home Inc?
Yeruchem Phillip Goldfede is the Principal Officer of Addabbo Center Future Home Inc. The CEO's salary of Addabbo Center Future Home Inc is $0 and their total compensation is $358,888.
Official website here: www.addabbo.org
What is the revenue of Addabbo Center Future Home Inc?
Addabbo Center Future Home Inc's revenue in 2022 was $490,592.
Official website here: www.addabbo.org
Who are the executives of Addabbo Center Future Home Inc and what are their salaries?
There 5 volunteers at Addabbo Center Future Home Inc.
Here are 7 key members and their salaries (Addabbo Center Future Home Inc's CEO's salary is $0 and their total compensation is $358,888):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $302,462
- Other: $56,426
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $224,484
- Other: $1,939
Official website here: www.addabbo.org
Where can I find the form 990 for Addabbo Center Future Home Inc?
Addabbo Center Future Home Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.addabbo.org
Learn more at the official website: www.addabbo.org
Mission Statement of Addabbo Center Future Home Inc
Addabbo Center Future Home Inc is an organization with a singular mission. Its purpose is to facilitate borrowings associated with a New Markets Tax Credit transaction. This financial strategy is employed to fund the development and construction of a health center for the Joseph P. Addabbo Family Health Center, Inc. in Queens, New York. By securing these funds, Addabbo Center Future Home Inc plays a crucial role in advancing the development of a much-needed healthcare facility, ultimately contributing to the wellbeing of the community it serves.
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Impact
October, 2024
Addabbo Center Future Home Inc facilitates crucial financing for the development and construction of a health center dedicated to serving the community in Queens, New York. By leveraging New Markets Tax Credit transactions, the organization plays a pivotal role in securing the necessary borrowings to support the Joseph P. Addabbo Family Health Center, Inc. This initiative aims to enhance healthcare access and services, positively affecting the well-being of the local population. The establishment of this health center will likely lead to improved health outcomes, increased employment opportunities within the community, and a strengthened local economy through enhanced healthcare services. Overall, the impact of Addabbo Center Future Home Inc extends beyond construction and financing, fostering a healthier community in AVerne and surrounding areas.
This information is meant to be a general summary of Addabbo Center Future Home 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: $490,592
Assets and Liabilities:
- Total Assets: $25,286,303
- Total Liabilities: $21,006,400
- Net Assets: $4,279,903
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Organization Details
Founding Year
2017
Phone
(973) 871-4200Principal Officer
Yeruchem Phillip Goldfede
Main Address
6200 BEACH CHANNEL DR, AVERNE, NY, 11692
Website
www.addabbo.orgNTEE Category
Code: E11 - Health
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