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Islip's Housing Development Fund Company

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

EIN: 113032104 ✦ Bay shore, NY ✦ Designated as a 501(c)(3)

Overview

What is Islip's Housing Development Fund Company?

Islip's Housing Development Fund Company is a nonprofit organization based in Bay Shore, New York. Their primary mission, as a Housing Development Fund Company, is to develop additional affordable housing units in the town of Islip. They construct and own these units, which are then managed, operated, and maintained by a quality management agency. The organization collaborates with the Town of Islip Community Development Agency on various activities related to providing housing for low and moderate-income families. Their work is focused on enhancing access to affordable housing within the community.


Is Islip's Housing Development Fund Company legitimate?

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

Mission Statement of Islip's Housing Development Fund Company

Islip's Housing Development Fund Company, as a Housing Development Fund Company, is committed to its primary mission of developing additional affordable housing. This organization collaborates with the Town of Islip's Community Development Agency in various activities aimed at providing housing for low and moderate-income families. By constructing and owning affordable housing rental units, the company plays a vital role in addressing the housing needs of these families. The management of these units is entrusted to a quality management agency, ensuring their proper operation, maintenance, and upkeep. In essence, Islip's Housing Development Fund Company is dedicated to expanding affordable housing options and improving living conditions for families in need.

Impact

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




Saturday, July 20, 2024

Islip's Housing Development Fund Company plays a significant role in the development of affordable housing in the town of Islip. By working closely with the community development agency, the organization facilitates the provision of housing for low and moderate-income families. Their activities include the construction and ownership of affordable housing rental units, which are managed and maintained to high standards by a quality management agency. Through their mission as a housing development fund company, Islip's Housing Development Fund Company actively contributes to addressing housing affordability challenges in the region.





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: $2,344
  • Program Service Revenue: $705,241
  • Gross Receipts: $1,430,693

    • Assets and Liabilities:
  • Total Assets: $4,509,925
  • Total Liabilities: $1,282,521
  • Net Assets: $3,227,404
  • Programs

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

    RENTAL INCOME

    Revenue

    $705,241

    Organization Details

    Founding Year

    1990

    Principal Officer

    Renee C Sumpter

    Main Address

    15 BAY SHORE LANE PO BOX 5587, BAY SHORE, NY, 11706

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Islip's Housing Development Fund Company 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.