Overview
What is 1559 Boone Avenue Housing Development Fund Company Inc?
1559 Boone Avenue Housing Development Fund Company Inc is a New York-based nonprofit organization, specifically established to develop affordable housing for individuals of low income. Their primary mission is to construct a 70-bed residence on 1559 Boone Avenue in the Bronx, providing supported housing for chronically homeless adults struggling with serious mental illness. The organization aims to contribute positively to the community by offering affordable living solutions for those in need.
Is 1559 Boone Avenue Housing Development Fund Company Inc legitimate?
1559 Boone Avenue Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. 1559 Boone Avenue 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 1559 Boone Avenue Housing Development Fund Company Inc?
The 1559 Boone Avenue Housing Development Fund Company Inc is committed to providing affordable housing for individuals of low income. As a not-for-profit organization, its mission is to develop housing specifically for this demographic. Recently, the company purchased a property to construct a 70-bed residence, which will offer supported housing for chronically homeless adults suffering from serious mental illness. This initiative aims to provide a safe and suitable living environment for these individuals, thereby contributing to their overall well-being.
Who is the CEO of 1559 Boone Avenue Housing Development Fund Company Inc?
Cynthia C Wainwright is the President of 1559 Boone Avenue Housing Development Fund Company Inc. The CEO's salary of 1559 Boone Avenue Housing Development Fund Company Inc is $0 and their total compensation is $323,102.
What is the revenue of 1559 Boone Avenue Housing Development Fund Company Inc?
1559 Boone Avenue Housing Development Fund Company Inc's revenue in 2022 was $0.
Who are the executives of 1559 Boone Avenue Housing Development Fund Company Inc and what are their salaries?
There 3 volunteers at 1559 Boone Avenue Housing Development Fund Company Inc.
Here are 5 key members and their salaries (1559 Boone Avenue Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $323,102):
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $307,701
- Other: $15,401
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 1559 Boone Avenue Housing Development Fund Company Inc?
1559 Boone Avenue Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1559 Boone Avenue Housing Development Fund Company Inc
1559 Boone Avenue Housing Development Fund Company Inc, a not-for-profit organization, is dedicated to providing affordable housing opportunities for individuals of low income. In line with its mission, the company has made significant strides by purchasing a property to construct a 70-bed residence. This residence will serve as a supportive housing facility for chronically homeless adults dealing with serious mental illness. By offering this type of housing, 1559 Boone Avenue Housing Development Fund Company Inc aims to provide a safe and sustainable living environment for these individuals, thereby contributing to their overall well-being and empowerment. The organization's commitment to this mission reflects its belief in the importance of affordable housing as a fundamental right for all, regardless of their financial circumstances or health challenges.
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Impact
October, 2024
1559 Boone Avenue Housing Development Fund Company Inc plays a vital role in addressing the housing crisis for low-income individuals in New York City. By developing affordable housing, specifically a 70-bed residence for chronically homeless adults with serious mental illness, this organization directly impacts the community by providing essential support and stability for some of the most vulnerable populations.
This initiative not only offers shelter but also fosters a sense of community and access to necessary services, helping residents regain independence and improve their quality of life. The focus on supported housing addresses both immediate housing needs and the long-term challenges faced by individuals dealing with mental health issues, ultimately contributing to a decrease in homelessness in the Bronx and promoting a healthier, more inclusive urban environment.
This information is meant to be a general summary of 1559 Boone Avenue 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.
Assets and Liabilities:
- Total Assets: $4,579,267
- Total Liabilities: $4,585,985
- Net Assets: -$6,718
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Organization Details
Founding Year
2019
Phone
(212) 663-3000Principal Officer
Cynthia C Wainwright
Main Address
290 LENOX AVENUE 3RD FLOOR, NEW YORK, NY, 10027
NTEE Category
Code: L20 - Housing
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