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Berean Housing Development Fund Co Inc

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

EIN: 112662285 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Berean Housing Development Fund Co Inc?

Berean Housing Development Fund Co Inc is a nonprofit organization situated in Brooklyn, New York, specifically at 1635-49 Bergen Street. Their primary mission is to offer residential housing to low-income elderly individuals. This mission is carried out through their 77-unit residential housing project, which is regulated by the United States Department of Housing and Urban Development (HUD) under the Section 202 Supportive Housing for the Elderly Program. The organization ensures that rent charges and operating methods are in line with HUD regulations. With a dedicated workforce of six employees, Berean Housing Development Fund Co Inc continuously strives to provide a supportive living environment for the elderly in its community.


Is Berean Housing Development Fund Co Inc legitimate?

Berean Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berean Housing Development Fund Co 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $151,509

For more financial information, click here


What is the mission statement of Berean Housing Development Fund Co Inc?
Who is the CEO of Berean Housing Development Fund Co Inc?
What is the revenue of Berean Housing Development Fund Co Inc?
Who are the executives of Berean Housing Development Fund Co Inc and what are their salaries?
Where can I find the form 990 for Berean Housing Development Fund Co Inc?

Mission Statement of Berean Housing Development Fund Co Inc

Berean Housing Development Fund Co Inc is an organization dedicated to providing residential housing for low-income elderly individuals. Their mission is to ensure that this vulnerable population has access to suitable living spaces. The organization carries out its mission through a 77-unit residential housing project in Brooklyn, New York. This project is regulated by the United States Department of Housing and Urban Development (HUD) under the Section 202 Supportive Housing for the Elderly Program. This regulatory framework ensures that the rent charges and operating methods are in compliance with established guidelines, providing a stable and affordable living environment for the elderly residents.

Impact

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




Saturday, July 20, 2024

Berean Housing Development Fund Co Inc provides vital residential housing to low-income elderly individuals in Brooklyn, New York. This impact directly addresses the critical need for affordable and supportive housing for this vulnerable population. By offering 77 units regulated by the United States Department of Housing and Urban Development (HUD), the organization plays a significant role in ensuring the well-being and security of elderly residents in the community. Through its commitment to the mission of providing residential housing to low-income elderly individuals, Berean Housing Development Fund Co Inc contributes to the overall quality of life and stability of these individuals, making a tangible and meaningful difference in their lives.





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: $48
  • Program Service Revenue: $1,128,624
  • Gross Receipts: $1,130,145

    • Assets and Liabilities:
  • Total Assets: $2,907,739
  • Total Liabilities: $7,202,313
  • Net Assets: -$4,294,574
  • Programs

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

    LOW-INCOME HSNG RENTAL

    Revenue

    $1,126,529

    LAUNDRY & VENDING REVE

    Revenue

    $2,095

    Organization Details

    Founding Year

    1983

    Principal Officer

    Dr Arlee Griffin Jr

    Main Address

    1635-49 BERGEN STREET, BROOKLYN, NY, 11233

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Berean Housing Development Fund Co 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.