Mhany Mother Gaston Housing Development Fund Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 862782187 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Mhany Mother Gaston Housing Development Fund Corporation?

Mhany Mother Gaston Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 470 Vanderbilt Avenue 9th Floor. Their primary objective is to provide affordable housing opportunities for individuals with limited income. They achieve this goal by engaging in various corporate activities, such as purchasing, leasing, developing, and rehabilitating properties. The organization's mission, carried out on a non-profit basis, involves developing a housing project specifically for low-income individuals.

Is Mhany Mother Gaston Housing Development Fund Corporation legitimate?

Mhany Mother Gaston Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhany Mother Gaston 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Mhany Mother Gaston Housing Development Fund Corporation?

The Mhany Mother Gaston Housing Development Fund Corporation is dedicated to developing affordable housing for individuals of low income, operating on a non-profit basis. Their mission is to achieve this objective by engaging in various corporate activities such as purchasing, leasing, developing, and rehabilitating properties. They strive to provide housing solutions for those with limited income, contributing to their overall goal of ensuring everyone has access to decent living accommodations.

Who is the CEO of Mhany Mother Gaston Housing Development Fund Corporation?

Ismene Speliotis is the President of Mhany Mother Gaston Housing Development Fund Corporation.

What is the revenue of Mhany Mother Gaston Housing Development Fund Corporation?

Mhany Mother Gaston Housing Development Fund Corporation's revenue in 2022 was $575,258.

Who are the executives of Mhany Mother Gaston Housing Development Fund Corporation and what are their salaries?

There 3 volunteers at Mhany Mother Gaston Housing Development Fund Corporation.


Here are 3 key members and their salaries:


Derrick Owens (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorothy Amadi (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natalie Brown (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mhany Mother Gaston Housing Development Fund Corporation?

Mhany Mother Gaston Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Mhany Mother Gaston Housing Development Fund Corporation

Mhany Mother Gaston Housing Development Fund Corporation is a non-profit organization with a mission to develop affordable housing for individuals of low income. This mission is accomplished through various means, including purchasing, leasing, developing, and rehabilitating properties. The corporation engages in various corporate activities to implement these objectives, aiming to provide affordable housing solutions for those who require it. By doing so, the organization contributes to the broader goal of addressing housing needs within communities, thereby promoting social justice and equality.

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Impact




July, 2024

Mhany Mother Gaston Housing Development Fund Corporation's impact is felt through their dedication to providing affordable housing to persons of limited income in Brooklyn, NY. By buying, leasing, developing, and rehabilitating properties, they address the critical need for housing options for individuals and families facing financial constraints. Through their focused mission and activities, Mhany Mother Gaston Housing Development Fund Corporation plays a crucial role in ensuring that low-income individuals have access to safe and affordable housing options within their community.




This information is meant to be a general summary of Mhany Mother Gaston 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.

Revenue
$575,258 (2022)
Expenses
$1,076,190 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $519,068
  • Gross Receipts: $575,258

Assets and Liabilities:

  • Total Assets: $3,246,521
  • Total Liabilities: $3,287,617
  • Net Assets: -$41,096

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$519,068

Organization Details

Founding Year

2021

Principal Officer

Ismene Speliotis

Main Address

470 VANDERBILT AVE 9TH FLOOR, BROOKLYN, NY, 11238

NTEE Category

Code: L21 - Housing

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