Overview
What is Housing Development Fund Inc?
Housing Development Fund Inc, located in Stamford, Connecticut, is a nonprofit organization with a mission to foster the development of affordable housing options, both for rent and homeownership. They provide assistance in securing loans for down payments and low-interest second mortgages, thereby aiding households in becoming homeowners of affordable properties. With a dedicated workforce of 27 individuals, this organization plays a significant role in promoting affordable housing opportunities in the community.
Official website here: www.hdfconnects.org
Is Housing Development Fund Inc legitimate?
Housing Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Development Fund 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.
Here are some key statistics you may want to consider:
Executive Compensation: $573,729
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,239,433
For more financial information, click here
Official website here: www.hdfconnects.org
What is the mission statement of Housing Development Fund Inc?
The Housing Development Fund Inc, as its mission, endeavors to promote the development of affordable housing options, both for rent and homeownership. The organization's primary goal is to assist households in becoming homeowners of these affordable properties. To achieve this, the fund provides underwriting assistance for loans, including help with down payments and low-interest second mortgages. This initiative aims to make the dream of homeownership more accessible for a wider population.
Official website here: www.hdfconnects.org
Who is the CEO of Housing Development Fund Inc?
Kiley Gosselin is the President & Ceo (Until 5/2023) of Housing Development Fund Inc. The CEO's salary of Housing Development Fund Inc is $0 and their total compensation is $0.
Official website here: www.hdfconnects.org
What is the revenue of Housing Development Fund Inc?
Housing Development Fund Inc's revenue in 2023 was $3,366,920.
Official website here: www.hdfconnects.org
Who are the executives of Housing Development Fund Inc and what are their salaries?
The average compensation at Housing Development Fund Inc during 2023 was $67,154. There are 27 employees and 10 volunteers at Housing Development Fund Inc.
Here are 15 key members and their salaries (Housing Development Fund Inc's CEO's salary is $0 and their total compensation is $0):
- Joan Carty (President & Ceo (Until 5/2023)) [Trustee/Director]
- Gina Delano (Interim Cfo (Until 6/2023))
- Kiley Gosselin (President & Ceo) [Trustee/Director]
- Clay Fowler (Chair) [Trustee/Director]
- Michael Weinstock (Vice Chair) [Trustee/Director]
- Michael Hunter (Treasurer) [Trustee/Director]
- Bert Hunter (Treasurer (Until 12/2022)) [Trustee/Director]
- Annie Lazarus (Secretary) [Trustee/Director]
- Lisa Sanders (Assistant Treasurer (Until 1/2023)) [Trustee/Director]
- Charles Howell (Board Member) [Trustee/Director]
- Barbara Kelly (Board Member) [Trustee/Director]
- Willard Miley (Board Member) [Trustee/Director]
- Marjan Murray (Board Member) [Trustee/Director]
- Kathleen Romagnano (Board Member) [Trustee/Director]
- Michael Chambers (Board Member) [Trustee/Director]
Official website here: www.hdfconnects.org
Where can I find the form 990 for Housing Development Fund Inc?
The Housing Development Fund Inc’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.hdfconnects.org
Learn more at the official website: www.hdfconnects.org
Mission Statement of Housing Development Fund Inc
Housing Development Fund Inc, as a nonprofit organization, is committed to facilitating the development of affordable housing, catering to both rental and homeownership options. Their mission is to assist households in becoming owners of affordable homes. By providing underwriting assistance for down payments and low-interest second mortgages, Housing Development Fund Inc plays a significant role in making homeownership more accessible for many families. This organization is dedicated to bridging the gap between limited resources and the dream of homeownership, thereby contributing to the overall well-being of the communities they serve.
Impact
This information is meant to be a general summary of Housing Development Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Housing Development Fund Inc's impact lies in its facilitation of the development of affordable housing, both rental and homeownership, and its assistance to households in becoming owners of affordable homes. Through initiatives like homebuyer assistance underwriting, where HDF provides loans for down payments and low-interest second mortgages, the organization actively works to make homeownership a reality for individuals and families in need. This direct support contributes to community development and stability by increasing access to affordable housing options and promoting sustainable homeownership.
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 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - LOAN
Revenue
$1,073,980
LOAN LOSS RECOVERY
Revenue
$538,791
CONTRACTS AND FEES
Revenue
$488,973
FEE FOR SERVICE REVENU
Revenue
$51,200
RENTAL INCOME
Revenue
$38,225
Organization Details
Founding Year
1989
Phone
(203) 969-1830
Principal Officer
Kiley Gosselin
Main Address
100 PROSPECT STREET 100, STAMFORD, CT, 06901
Website
www.hdfconnects.org
NTEE Category
Code: L122 - Housing
If you are a representative of Housing Development Fund Inc 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.