Overview
What is Bg Betances Housing Development Fund Corporation?
Bg Betances Housing Development Fund Corporation serves as the manager for a partnership entity that is instrumental in the ownership of Betances Residence, Breaking Ground's first low-income housing facility. The primary objective of this nonprofit organization is to facilitate the acquisition and development of properties that benefit Breaking Ground Housing Development Fund and its affiliated tax-exempt organizations. By doing so, Bg Betances Housing Development Fund Corporation contributes to the provision of housing solutions for individuals in need.
Official website here: www.breakingground.org
Is Bg Betances Housing Development Fund Corporation legitimate?
Bg Betances Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bg Betances 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.
Official website here: www.breakingground.org
What is the mission statement of Bg Betances Housing Development Fund Corporation?
The BG Betances Housing Development Fund Corporation primarily manages a partnership entity, with its primary exempt purpose being to acquire and develop property for the benefit of Breaking Ground Housing Development Fund and its affiliated tax-exempt organizations. This organization focuses on supporting low-income housing facilities, leveraging its resources to enhance the overall mission of Breaking Ground. By doing so, the BG Betances Housing Development Fund Corporation contributes to the provision of housing solutions for those in need. The corporation's activities aim to improve the living conditions of individuals and families by collaborating with affiliated organizations.
Official website here: www.breakingground.org
Who is the CEO of Bg Betances Housing Development Fund Corporation?
David Beer is the Vice President of Bg Betances Housing Development Fund Corporation. The CEO's salary of Bg Betances Housing Development Fund Corporation is $0 and their total compensation is $0.
Official website here: www.breakingground.org
What is the revenue of Bg Betances Housing Development Fund Corporation?
Bg Betances Housing Development Fund Corporation's revenue in 2022 was $0.
Official website here: www.breakingground.org
Who are the executives of Bg Betances Housing Development Fund Corporation and what are their salaries?
Here are 4 key members and their salaries (Bg Betances Housing Development Fund Corporation'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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.breakingground.org
Where can I find the form 990EZ for Bg Betances Housing Development Fund Corporation?
Bg Betances Housing Development Fund Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.breakingground.org
Learn more at the official website: www.breakingground.org
Mission Statement of Bg Betances Housing Development Fund Corporation
Bg Betances Housing Development Fund Corporation is dedicated to managing a partnership entity that serves as the owner of Betances Residence, which is Breaking Ground's first low-income housing facility. The primary purpose of this corporation is to acquire and develop property, benefiting both Betances Housing Development Fund and its affiliated tax-exempt organizations. By doing so, Bg Betances Housing Development Fund Corporation contributes to the provision of affordable housing for those in need, ultimately supporting the mission of Breaking Ground. The corporation's focus on property acquisition and development reflects its commitment to improving living conditions for individuals and families who require affordable housing solutions.
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Impact
October, 2024
Bg Betances Housing Development Fund Corporation significantly impacts the community by managing the Betances Residence, which is a key low-income housing facility in New York City. By acquiring and developing properties, it ensures that affordable housing options are available for those in need. This initiative not only addresses the critical shortage of affordable housing in the area but also enhances the quality of life for residents, contributing to a more stable and vibrant community. BG Betances plays a crucial role in supporting Breaking Ground and its affiliated organizations, fostering a collaborative approach to sustainable housing development. Through its activities, it directly promotes housing stability and accessibility for low-income families and individuals, thereby making a meaningful contribution to the socio-economic fabric of New York.
This information is meant to be a general summary of Bg Betances 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $4,350
- Net Assets: -$4,350
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Organization Details
Phone
(212) 389-9300Principal Officer
David Beer
Main Address
505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY, 10018
Website
www.breakingground.orgNTEE Category
Code: L19 - Housing
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