Dupont Street Senior Hdfc C/O North Brooklyn Development Corp

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

EIN: 113068504 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Dupont Street Senior Hdfc C/O North Brooklyn Development Corp?

Dupont Street Senior HDFC, under the guidance of North Brooklyn Development Corp, is a nonprofit organization situated in Brooklyn, New York. It manages a 37,000-square-foot facility, providing affordable senior housing through 98 rented apartment units. The construction of this facility was funded by a HUD mortgage, and the ongoing operational expenses are primarily covered through tenant rentals and Section 8 rent subsidies. This nonprofit's mission revolves around offering secure and comfortable living spaces for low-income senior residents.


Is Dupont Street Senior Hdfc C/O North Brooklyn Development Corp legitimate?

Dupont Street Senior Hdfc C/O North Brooklyn Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dupont Street Senior Hdfc C/O North Brooklyn Development 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: $170,094

For more financial information, click here


What is the mission statement of Dupont Street Senior Hdfc C/O North Brooklyn Development Corp?
Who is the CEO of Dupont Street Senior Hdfc C/O North Brooklyn Development Corp?
What is the revenue of Dupont Street Senior Hdfc C/O North Brooklyn Development Corp?
Who are the executives of Dupont Street Senior Hdfc C/O North Brooklyn Development Corp and what are their salaries?
Where can I find the form 990 for Dupont Street Senior Hdfc C/O North Brooklyn Development Corp?

Mission Statement of Dupont Street Senior Hdfc C/O North Brooklyn Development Corp

Dupont Street Senior HDFC, a nonprofit organization, is committed to providing affordable senior housing rental opportunities. Situated in Brooklyn, New York, this organization operates a spacious 37,000 square foot facility, which is fully occupied with 98 apartment units. The construction of this facility was made possible through funding obtained from a HUD mortgage. The organization's primary source of operating funds comes from rental income generated by the tenants and Section 8 rent subsidies. In essence, Dupont Street Senior HDFC plays a significant role in addressing the housing needs of low-income seniors, ensuring they have a secure and comfortable living environment.

Impact

This information is meant to be a general summary of Dupont Street Senior Hdfc C/O North Brooklyn Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Dupont Street Senior HDFC, operated by North Brooklyn Development Corp, provides vital low-income senior housing in Brooklyn, NY. Its 98 apartment units serve as a crucial resource for elderly individuals in need of affordable housing. This initiative has a direct impact on the community by addressing the housing needs of economically disadvantaged seniors, ensuring they have a safe and comfortable place to live. The provision of housing through this HDFC not only supports the well-being of seniors but also contributes to the overall social welfare of the neighborhood.





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: $2,626
  • Program Service Revenue: $1,082,965
  • Gross Receipts: $1,085,591

    • Assets and Liabilities:
  • Total Assets: $3,201,368
  • Total Liabilities: $8,439,839
  • Net Assets: -$5,238,471
  • Programs

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

    LOW RENTAL HOUSING INCOME

    Revenue

    $1,078,723

    LAUNDRY AND OTHER INCOME

    Revenue

    $4,242

    Organization Details

    Principal Officer

    Richard Mazur

    Main Address

    148-150 HURON STREET, BROOKLYN, NY, 11222

    NTEE Category

    Code: L22 - Housing

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