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Mhany 1999 Housing Development Fund Corporation

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

EIN: 061548990 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Mhany 1999 Housing Development Fund Corporation?

Mhany 1999 Housing Development Fund Corporation is a nonprofit organization located at 470 Vanderbilt Ave, 9th Floor, Brooklyn, NY 11238. Their primary mission is to develop housing projects for individuals of low income on a non-profit basis. They incur expenses to maintain these housing developments, ensuring they remain in good condition and serve their intended purpose effectively. By doing so, they contribute to the well-being and housing needs of a significant portion of the community.


Is Mhany 1999 Housing Development Fund Corporation legitimate?

Mhany 1999 Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhany 1999 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 1999 Housing Development Fund Corporation?
Who is the CEO of Mhany 1999 Housing Development Fund Corporation?
What is the revenue of Mhany 1999 Housing Development Fund Corporation?
Who are the executives of Mhany 1999 Housing Development Fund Corporation and what are their salaries?
Where can I find the form 990 for Mhany 1999 Housing Development Fund Corporation?

Mission Statement of Mhany 1999 Housing Development Fund Corporation

Mhany 1999 Housing Development Fund Corporation is a non-profit organization with a committed mission. Their primary objective is to develop housing projects, provided on a non-profit basis, catering to individuals of low income. This mission is driven by the belief that everyone deserves access to adequate housing, regardless of their financial status. The corporation incurs expenses to maintain these housing projects, ensuring they remain habitable and suitable for their intended residents. By undertaking this mission, Mhany 1999 Housing Development Fund Corporation is contributing significantly to addressing housing inequality, thereby enhancing the living conditions of individuals in need.

Impact

This information is meant to be a general summary of Mhany 1999 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 1999 Housing Development Fund Corporation's impact is centered around developing housing projects for persons of low income on a non-profit basis. Specifically, the organization incurs expenses for the maintenance of housing projects developed for the benefit of individuals with low incomes in Brooklyn, NY. Through its mission, Mhany 1999 aims to address the housing needs of vulnerable populations and provide affordable housing options to those in need.





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: $663,760
  • Gross Receipts: $668,406

    • Assets and Liabilities:
  • Total Assets: $1,980,102
  • Total Liabilities: $9,354,044
  • Net Assets: -$7,373,942
  • Programs

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

    RENTAL INCOME

    Revenue

    $663,760

    Organization Details

    Founding Year

    1999

    Principal Officer

    Ismene Speliotis

    Main Address

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

    NTEE Category

    Code: L20 - Housing

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