Overview
What is Helen Hill Housing Development Fund Company Inc?
Helen Hill Housing Development Fund Company Inc is a nonprofit organization, headquartered at 14 Kiwassa Road 1, Saranac Lake, New York 12983. Their primary mission is to develop and operate a 12-unit housing project, specifically aimed at low-income individuals. To fulfill this objective, they have undertaken the development and operation of Helen Hill Apartments, which provides affordable housing options for this demographic. The company, founded as a not-for-profit corporation, is dedicated to improving housing opportunities in the Saranac Lake area, furthering its commitment to supporting individuals with limited financial means.
Is Helen Hill Housing Development Fund Company Inc legitimate?
Helen Hill Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Helen Hill 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 Helen Hill Housing Development Fund Company Inc?
Helen Hill Housing Development Fund Company Inc is a not-for-profit organization with the primary objective of developing and operating a housing project. This project is specifically designed for individuals of low income. The company's mission is to establish a 12-unit housing complex that will provide affordable living accommodations for these individuals. The organization's mission is carried out with the aim of contributing to housing equity and addressing the needs of the economically disadvantaged section of society.
Who is the CEO of Helen Hill Housing Development Fund Company Inc?
Robert Laba is the President of Helen Hill Housing Development Fund Company Inc. The CEO's salary of Helen Hill Housing Development Fund Company Inc is $0 and their total compensation is $0.
What is the revenue of Helen Hill Housing Development Fund Company Inc?
Helen Hill Housing Development Fund Company Inc's revenue in 2022 was $104,981.
Who are the executives of Helen Hill Housing Development Fund Company Inc and what are their salaries?
Here are 3 key members and their salaries (Helen Hill Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Helen Hill Housing Development Fund Company Inc?
Helen Hill Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Helen Hill Housing Development Fund Company Inc
Helen Hill Housing Development Fund Company Inc, a not-for-profit corporation, was established with the mission to create and manage a housing project catering to individuals of low income. The organization's primary objective is to develop and operate a 12-unit complex, providing affordable living spaces for those who may not otherwise have access to such opportunities. This initiative, located in an undisclosed area, aims to contribute to the community by offering a secure and comfortable living environment for its residents.
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Impact
October, 2024
Helen Hill Housing Development Fund Company Inc plays a crucial role in enhancing affordable housing options for low-income individuals in Saranac Lake, NY. By developing and operating Helen Hill Apartments, a 12-unit housing project, it directly addresses the pressing need for accessible and sustainable living spaces in the community.
The impact of this initiative extends beyond mere provision of housing. It fosters a sense of community by creating safe and stable environments for residents, which can significantly improve their quality of life. The presence of such affordable housing projects helps to combat homelessness and housing insecurity, enabling individuals and families to thrive. Furthermore, by focusing on low-income populations, Helen Hill contributes to economic diversity and stability within the neighborhood, promoting social inclusion and cohesion.
Overall, this development enhances community resilience and improves the living conditions for those who might otherwise struggle to find suitable housing, thus making a lasting positive impact on the local area.
This information is meant to be a general summary of Helen Hill 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.
- Investment Income: $23
- Program Service Revenue: $104,958
- Gross Receipts: $104,981
Assets and Liabilities:
- Total Assets: $1,215,754
- Total Liabilities: $1,255,446
- Net Assets: -$39,692
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$91,964
MISCELLANEOUS
Revenue
$12,039
LAUNDRY
Revenue
$955
Organization Details
Founding Year
2018
Phone
(518) 891-3050Principal Officer
Robert Laba
Main Address
14 KIWASSA ROAD 1, SARANAC LAKE, NY, 12983
NTEE Category
Code: L21 - Housing
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