Overview
What is 417 Housing Development Fund Company Inc?
417 Housing Development Fund Company Inc, located in Buffalo, New York, is a nonprofit organization dedicated to providing housing accommodations for individuals and families of low income. Their mission involves managing 10 residential units and a commercial unit, all situated within the city of Buffalo. The organization's primary focus is to cater to the housing needs of lower-income residents, contributing to the local community by offering affordable living spaces.
Is 417 Housing Development Fund Company Inc legitimate?
417 Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 417 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of 417 Housing Development Fund Company Inc?
The 417 Housing Development Fund Company Inc is committed to providing housing accommodations for individuals and families of low income. Their main objective is to make housing accessible for those in need, offering a total of 10 units, including 9 residential units and 1 commercial unit, situated in an unspecified location. The company's mission is centered around ensuring that low-income individuals and families have access to suitable housing facilities, thereby contributing to a more equitable living environment.
Who is the CEO of 417 Housing Development Fund Company Inc?
Dawn Wells-Clyburn is the President of 417 Housing Development Fund Company Inc.
What is the revenue of 417 Housing Development Fund Company Inc?
417 Housing Development Fund Company Inc's revenue in 2022 was $160,274.
Who are the executives of 417 Housing Development Fund Company Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $97,078
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- Related: $63,048
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Where can I find the form 990 for 417 Housing Development Fund Company Inc?
417 Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 417 Housing Development Fund Company Inc
417 Housing Development Fund Company Inc is committed to providing housing accommodations for individuals and families of low income. Their mission is centered around offering a suitable living space for this demographic, ensuring they have access to comfortable and secure homes. The organization goes beyond just providing housing, as evidenced by the inclusion of nine low-income residential units and one commercial unit in their offerings. This diverse housing portfolio caters to the varying needs of the low-income community, thereby contributing to their overall well-being.
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Impact
October, 2024
417 Housing Development Fund Company Inc significantly influences the community by addressing the pressing need for affordable housing in Buffalo, New York. By providing nine low-income residential units along with a commercial space, it creates essential housing options for individuals and families facing economic challenges. This initiative not only helps alleviate homelessness and housing insecurity but also fosters a sense of stability and community among its residents.
The availability of affordable housing contributes to the overall health of the local economy by allowing families to allocate resources towards education, healthcare, and other critical needs, rather than being burdened by high housing costs. Additionally, the presence of a commercial unit may stimulate local business activity, creating jobs and further enhancing the economic landscape of the area.
Overall, 417 Housing Development Fund Company Inc plays a pivotal role in improving the quality of life for low-income residents, promoting social equity, and supporting the economic vitality of Buffalo.
This information is meant to be a general summary of 417 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.
- Program Service Revenue: $60,274
- Gross Receipts: $160,274
Assets and Liabilities:
- Total Assets: $2,409,833
- Total Liabilities: $2,381,399
- Net Assets: $28,434
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$60,274
Organization Details
Founding Year
2018
Phone
(716) 884-0356Principal Officer
Dawn Wells-Clyburn
Main Address
429 PLYMOUTH AVENUE STE 1, BUFFALO, NY, 14213
NTEE Category
Code: L20 - Housing
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