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Lormet Hdfc

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

EIN: 112727514 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Lormet Hdfc?

Lormet HDFC is a nonprofit organization situated in Brooklyn, New York, with a primary mission to offer affordable housing solutions for individuals and families of low income. Established at 2 Kingsland Avenue, the organization is dedicated to this cause, striving to make housing more accessible for those who may struggle financially. Their activities and mission revolve around providing affordable housing, ensuring a more equitable living situation for a significant portion of the community.


Is Lormet Hdfc legitimate?

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

Mission Statement of Lormet Hdfc

Lormet HDFC, as a nonprofit organization, is dedicated to a noble mission. Its primary focus is on providing affordable housing for individuals and families of limited income. By embracing this mission, Lormet HDFC seeks to make a significant impact in the lives of those who struggle to secure affordable housing, thereby contributing to their overall well-being and stability. The organization's core activity revolves around this mission, ensuring that affordable housing remains within reach for those who need it most.

Impact

This information is meant to be a general summary of Lormet Hdfc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Lormet Hdfc's impact is significant as it provides affordable housing for persons and families of low income in Brooklyn, NY. By offering affordable housing options, Lormet Hdfc contributes to addressing housing inequality and helps improve the quality of life for those in need. This organization plays a crucial role in ensuring that individuals and families with limited financial resources have access to safe and stable housing opportunities, thereby promoting economic stability and social well-being within the community.





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 2020.

  • Investment Income: $11
  • Program Service Revenue: $685,390
  • Gross Receipts: $685,401

    • Assets and Liabilities:
  • Total Assets: $2,065,434
  • Total Liabilities: $47,358
  • Net Assets: $2,018,076
  • Programs

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

    Rental revenue

    Revenue

    $685,390

    Organization Details

    Founding Year

    1989

    Principal Officer

    Joseph K Robles

    Main Address

    2 KINGSLAND AVENUE, BROOKLYN, NY, 11211

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of Lormet Hdfc 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.