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Mhany 2005 Housing Development Fund Corporation

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

EIN: 030555171 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Mhany 2005 Housing Development Fund Corporation?

Mhany 2005 Housing Development Fund Corporation is a nonprofit organization situated in Brooklyn, New York, at 470 Vanderbilt Avenue, 9th Floor. Their primary mission is to provide affordable housing options for individuals with limited income. They accomplish this by purchasing, leasing, developing, and rehabilitating properties, as well as engaging in other activities required to carry out their objectives. Specifically, they are involved in developing a housing project on a non-profit basis, aiming to cater to low-income individuals.


Is Mhany 2005 Housing Development Fund Corporation legitimate?

Mhany 2005 Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhany 2005 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.

Here 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 2005 Housing Development Fund Corporation?
Who is the CEO of Mhany 2005 Housing Development Fund Corporation?
What is the revenue of Mhany 2005 Housing Development Fund Corporation?
Who are the executives of Mhany 2005 Housing Development Fund Corporation and what are their salaries?
Where can I find the form 990 for Mhany 2005 Housing Development Fund Corporation?

Mission Statement of Mhany 2005 Housing Development Fund Corporation

Mhany 2005 Housing Development Fund Corporation is a non-profit organization dedicated to a noble cause. Its mission is centered around developing affordable housing options for individuals of limited income. To achieve this, the corporation engages in various activities, including buying, leasing, developing, and rehabilitating properties. This holistic approach allows Mhany 2005 Housing Development Fund Corporation to cater to the housing needs of a broad spectrum of individuals who might otherwise struggle to secure suitable accommodation. By engaging in collective and corporate activities, the organization strives to implement these goals effectively, thereby providing an essential service to the community.

Impact

This information is meant to be a general summary of Mhany 2005 Housing Development Fund Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Mhany 2005 Housing Development Fund Corporation's impact can be seen in its dedicated effort to provide affordable housing to persons of limited income in Brooklyn, NY. By developing, buying, leasing, and rehabilitating properties, the organization is actively working towards addressing the housing needs of individuals and families facing financial challenges. Through its mission to develop a housing project for persons of low income on a non-profit basis, Mhany 2005 is making a tangible difference in the community by creating opportunities for affordable housing options.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $0
  • Program Service Revenue: $485,040
  • Gross Receipts: $512,584

    • Assets and Liabilities:
  • Total Assets: $6,397,524
  • Total Liabilities: $8,938,574
  • Net Assets: -$2,541,050
  • Programs

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

    RENTAL INCOME

    Revenue

    $485,040

    Organization Details

    Founding Year

    2005

    Principal Officer

    Ismene Speliotis

    Main Address

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

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Mhany 2005 Housing Development Fund Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.