Overview
What is Neighborhood Renewal Housing Development Fund Corporation?
Neighborhood Renewal Housing Development Fund Corporation is a nonprofit organization, located in New York City, specifically at 150 Broadway 2100. Their primary mission is to preserve and create affordable housing projects for individuals with low and moderate incomes. By managing rent-regulated properties throughout the city, they provide a safe living environment for numerous tenants. Beyond promoting affordable housing, this organization aims to combat blight and stabilize communities in New York City, contributing to the overall improvement of urban living conditions.
Official website here: www.neighborhoodrestore.org
Is Neighborhood Renewal Housing Development Fund Corporation legitimate?
Neighborhood Renewal Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Renewal Housing Development Fund Corporation 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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Official website here: www.neighborhoodrestore.org
What is the mission statement of Neighborhood Renewal Housing Development Fund Corporation?
The Neighborhood Renewal Housing Development Fund Corporation is established with a mission to preserve and create affordable housing projects for individuals of low and moderate income on a non-profit basis. Beyond promoting affordable housing opportunities, the organization aims to prevent and eliminate blight and contribute to the stabilization of communities throughout the city. In essence, their mission is to improve living conditions and foster community development. They achieve this by managing and owning rent-regulated properties, providing safe and affordable housing to numerous tenants.
Official website here: www.neighborhoodrestore.org
Who is the CEO of Neighborhood Renewal Housing Development Fund Corporation?
Mr Salvatore D'Avola is the Outgoing Director of Neighborhood Renewal Housing Development Fund Corporation.
Official website here: www.neighborhoodrestore.org
What is the revenue of Neighborhood Renewal Housing Development Fund Corporation?
Neighborhood Renewal Housing Development Fund Corporation's revenue in 2022 was $4,130,076.
Official website here: www.neighborhoodrestore.org
Who are the executives of Neighborhood Renewal Housing Development Fund Corporation and what are their salaries?
There 5 volunteers at Neighborhood Renewal Housing Development Fund Corporation.
Here are 7 key members and their salaries:
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- Related: $247,449
- Other: $23,426
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Official website here: www.neighborhoodrestore.org
Where can I find the form 990 for Neighborhood Renewal Housing Development Fund Corporation?
Neighborhood Renewal Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neighborhoodrestore.org
Learn more at the official website: www.neighborhoodrestore.org
Mission Statement of Neighborhood Renewal Housing Development Fund Corporation
Neighborhood Renewal Housing Development Fund Corporation is a nonprofit organization with a mission to preserve and create affordable housing opportunities for individuals of low and moderate income. This mission extends beyond just providing housing, as the organization aims to prevent and eliminate blight, and contribute to the stabilization of communities throughout New York City. By managing rent-regulated properties, Neighborhood Renewal Housing Development Fund Corporation provides a safe and affordable living space for thousands of tenants, thereby contributing positively to the communities they serve.
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Impact
October, 2024
Neighborhood Renewal Housing Development Fund Corporation plays a crucial role in addressing the housing needs of low- and moderate-income individuals in New York City. By preserving and creating affordable housing projects, it provides safe and accessible living options for thousands of tenants, helping to ensure that communities retain their vitality and stability.
Beyond just housing, the organization actively works to prevent and eliminate blight in neighborhoods, enhancing the overall quality of life for residents. Its efforts contribute to the stabilization and revitalization of communities, fostering not only safer living conditions but also a sense of belonging among residents. Through its management of rent-regulated properties, it combats the displacement often faced by vulnerable populations, making a significant impact on keeping diverse communities intact. Overall, the organization's initiatives support a healthier, more equitable urban environment.
This information is meant to be a general summary of Neighborhood Renewal 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.
- Investment Income: $116,540
- Program Service Revenue: $3,765,101
- Gross Receipts: $4,130,076
Assets and Liabilities:
- Total Assets: $236,260,795
- Total Liabilities: $239,835,296
- Net Assets: -$3,574,501
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY SALES
Revenue
$2,493,140
PROPERTY SURPLUS COLLE
Revenue
$1,271,961
Organization Details
Founding Year
2019
Phone
(212) 584-8981Principal Officer
Mr Salvatore D'Avola
Main Address
150 BROADWAY 2101, NEW YORK, NY, 10038
Website
www.neighborhoodrestore.orgNTEE Category
Code: L11 - Housing
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