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Crown Heights Residence For Adults Housing Development Fund Corp

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

EIN: 113018126 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Crown Heights Residence For Adults Housing Development Fund Corp?

Crown Heights Residence for Adults Housing Development Fund Corp is a nonprofit organization situated in Brooklyn, New York. Its mission is to provide affordable housing for low-income and needy individuals, with a focus on those experiencing homelessness. The organization operates a housing complex featuring 53 single room occupancy units, which it maintains and regularly rehabilitates. Eligibility for residency is determined by the NYC Department of Homeless Services, and eligible tenants can receive Section 8 rental assistance payments to make their stay more affordable. The organization's primary activity is to offer well-maintained and affordable dwellings for its residents. With a dedicated staff of 10, their work contributes to addressing housing needs in the local community.


Is Crown Heights Residence For Adults Housing Development Fund Corp legitimate?

Crown Heights Residence For Adults Housing Development Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crown Heights Residence For Adults Housing Development Fund Corp 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: $308,419

For more financial information, click here


What is the mission statement of Crown Heights Residence For Adults Housing Development Fund Corp?
Who is the CEO of Crown Heights Residence For Adults Housing Development Fund Corp?
What is the revenue of Crown Heights Residence For Adults Housing Development Fund Corp?
Who are the executives of Crown Heights Residence For Adults Housing Development Fund Corp and what are their salaries?
Where can I find the form 990 for Crown Heights Residence For Adults Housing Development Fund Corp?

Mission Statement of Crown Heights Residence For Adults Housing Development Fund Corp

Crown Heights Residence for Adults Housing Development Fund Corp, a charitable organization, was established with the primary purpose of owning, constructing, rehabilitating, and managing affordable housing complexes for individuals of low income and need. The corporation's mission is to provide well-maintained and affordable single room occupancy (SRO) units to homeless and low-income individuals. By doing so, it aims to contribute to the local housing supply and assist those in need.

The organization operates a housing complex consisting of 53 SRO units, which it rehabilitated in 1994 and continues to maintain. This complex serves as a sanctuary for eligible homeless and low-income individuals, who can receive Section 8 rental assistance payments to help cover their living expenses. The eligibility for these payments is determined by the NYC Department of Homeless Services, and the payments are made on behalf of the homeless individuals residing in the rehabilitated dwellings.

In summary, the mission of Crown Heights Residence for Adults Housing Development Fund Corp is to provide affordable housing and support to individuals of low income and need. By offering well-maintained SRO units and facilitating rental assistance payments, the organization helps to alleviate homelessness and contribute to the local housing market.

Impact

This information is meant to be a general summary of Crown Heights Residence For Adults Housing Development Fund Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Crown Heights Residence For Adults Housing Development Fund Corp provides well-maintained and affordable single room dwelling units for homeless, low-income, and needy individuals in Brooklyn, New York. Through its 53-unit housing complex, the organization offers a vital resource for those in need of housing assistance. By participating in the SRO program and providing Section 8 rental assistance payments, the corporation helps homeless individuals secure safe and stable living conditions. Their impact directly addresses the critical issue of homelessness and provides a supportive environment for those facing housing insecurity.





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: $405,959
  • Gross Receipts: $546,019

    • Assets and Liabilities:
  • Total Assets: $223,580
  • Total Liabilities: $2,558,746
  • Net Assets: -$2,335,166
  • Programs

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

    SRO/LOW INCOME RENT

    Revenue

    $405,959

    Organization Details

    Founding Year

    1990

    Principal Officer

    Val Henry

    Main Address

    230 KINGSTON AVENUE, BROOKLYN, NY, 11213

    NTEE Category

    Code: L20 - Housing

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