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Shorefront Towers Housing Development Fund Corporation

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

EIN: 113200785 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Shorefront Towers Housing Development Fund Corporation?

Shorefront Towers Housing Development Fund Corporation is a not-for-profit organization situated in New York City, specifically at 55 Water Street, 46th Floor. Their primary mission is to provide housing for the elderly, offering a 116-unit residential apartment complex. This charitable support aims to cater to individuals who may require such assistance, further emphasizing their commitment to elderly welfare. The corporation operates within the boundaries of New York State.


Official website here: www.mjhs.org

Is Shorefront Towers Housing Development Fund Corporation legitimate?

Shorefront Towers Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shorefront Towers Housing Development Fund Corporation 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: $366,279

For more financial information, click here


Official website here: www.mjhs.org

What is the mission statement of Shorefront Towers Housing Development Fund Corporation?

The Shorefront Towers Housing Development Fund Corporation is dedicated to providing housing for the elderly and individuals in need of charitable support. Operating a 116-unit, not-for-profit residential apartment building complex, the corporation serves as a sanctuary for these individuals, offering them a secure living environment. The organization's primary mission is to ensure that the elderly and those in need have access to affordable housing and necessary support. The Shorefront Towers Complex not only provides a place to live but also fosters a sense of community and care among its residents.


Official website here: www.mjhs.org

Who is the CEO of Shorefront Towers Housing Development Fund Corporation?

David Wagner is the Ceo/President of Shorefront Towers Housing Development Fund Corporation. The CEO's salary of Shorefront Towers Housing Development Fund Corporation is $0 and their total compensation is $1,255,914.


Official website here: www.mjhs.org

What is the revenue of Shorefront Towers Housing Development Fund Corporation?

Shorefront Towers Housing Development Fund Corporation's revenue in 2022 was $1,629,502.


Official website here: www.mjhs.org

Who are the executives of Shorefront Towers Housing Development Fund Corporation and what are their salaries?

Here are 9 key members and their salaries (Shorefront Towers Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $1,255,914):

    David Wagner (Ceo/President) [Trustee/Director]
  • Compensation: $0
  • Related: $1,134,355
  • Other: $121,559

    • Alexander Balko (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $992,892
  • Other: $98,713

    • David Koschitzki (Chief Financial Officer)
  • Compensation: $0
  • Related: $626,673
  • Other: $107,067

    • Jeffrey Davis (Former Cfo)
  • Compensation: $0
  • Related: $648,617
  • Other: $58,110

    • Robert Leamer (Former Asst. Secretary)
  • Compensation: $0
  • Related: $508,818
  • Other: $125,964

    • Christina Van Vort (Assistant Secretary)
  • Compensation: $0
  • Related: $509,863
  • Other: $21,948

    • William Gormley (Chair (As Of 1/22)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven Topal (Vice Chair (As Of 1/22)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eli Feldman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mjhs.org

    Where can I find the form 990 for Shorefront Towers Housing Development Fund Corporation?

    The Shorefront Towers Housing Development Fund Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mjhs.org

    Learn more at the official website: www.mjhs.org

    Mission Statement of Shorefront Towers Housing Development Fund Corporation

    Shorefront Towers Housing Development Fund Corporation is a not-for-profit organization committed to providing housing for the elderly and those in need of charitable support. Operating a 116-unit residential apartment building complex, this corporation serves as a haven for the elderly, offering them a place to call home. The mission of Shorefront Towers is multifaceted, aiming to provide not just a living space, but also support for those who may require it. This mission is carried out through the operation of the complex, which is specially designed to cater to the needs of its elderly residents. The corporation's work is instrumental in providing a safe and secure living environment for its residents, ensuring they have access to the necessities they require to live comfortably.

    Impact

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




    Saturday, July 20, 2024

    Shorefront Towers Housing Development Fund Corporation's impact is evident in its provision of essential housing services to the elderly and individuals in need of charitable support. Operating a 116-unit residential apartment building complex in New York, this organization plays a vital role in addressing the housing needs of vulnerable populations. By offering safe and affordable housing options, Shorefront Towers contributes to enhancing the quality of life for its residents and supporting the community's well-being. The organization's dedication to providing housing opportunities demonstrates a commitment to improving the lives of those in need, fostering a sense of security and stability for its residents.





    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: $4,082
  • Program Service Revenue: $1,621,156
  • Gross Receipts: $1,629,502

    • Assets and Liabilities:
  • Total Assets: $8,590,027
  • Total Liabilities: $11,692,698
  • Net Assets: -$3,102,671
  • Programs

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

    RENTAL INCOME

    Revenue

    $1,621,156

    Organization Details

    Founding Year

    1994

    Principal Officer

    David Wagner

    Main Address

    55 WATER ST 46TH FLOOR, NEW YORK, NY, 10041

    NTEE Category

    Code: L20 - Housing

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