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Thea Bowman Fspa Housing Development Fund Company Inc

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

EIN: 113210782 ✦ Hicksville, NY ✦ Designated as a 501(c)(3)

Overview

What is Thea Bowman Fspa Housing Development Fund Company Inc?

Thea Bowman Fspa Housing Development Fund Company Inc is a nonprofit organization situated in Hicksville, New York, specifically at 90 Cherry Lane. Their primary mission is to provide affordable housing for individuals with disabilities of limited means, recognizing a lack of appropriate housing options in the Amityville area. As a not-for-profit entity, they own and manage a Section 811 HUD multi-family project, catering specifically to the disabled community. Their mission remains dedicated to offering housing solutions for eligible low-income families and individuals, contributing positively to their living circumstances.


Is Thea Bowman Fspa Housing Development Fund Company Inc legitimate?

Thea Bowman Fspa Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thea Bowman Fspa Housing Development Fund Company Inc 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: $51,066

For more financial information, click here


What is the mission statement of Thea Bowman Fspa Housing Development Fund Company Inc?
Who is the CEO of Thea Bowman Fspa Housing Development Fund Company Inc?
What is the revenue of Thea Bowman Fspa Housing Development Fund Company Inc?
Who are the executives of Thea Bowman Fspa Housing Development Fund Company Inc and what are their salaries?
Where can I find the form 990 for Thea Bowman Fspa Housing Development Fund Company Inc?

Mission Statement of Thea Bowman Fspa Housing Development Fund Company Inc

Thea Bowman Fspa Housing Development Fund Company Inc, as a not-for-profit organization, is dedicated to providing an essential service. Its mission is to offer affordable housing for eligible low-income families and individuals who are disabled. The organization achieves this mission by operating a Section 811 HUD multifamily project, providing 31 units of affordable rental housing specifically designed for disabled persons of limited means. This initiative is crucial, as it addresses the lack of adequate housing for such individuals in certain areas, such as Amityville, New York. By providing these housing units, Thea Bowman Fspa Housing Development Fund Company Inc contributes to enhancing the living conditions for disabled individuals, ensuring they have access to a safe and affordable place to call home.

Impact

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




Saturday, July 20, 2024

The impact of Thea Bowman Fspa Housing Development Fund Company Inc is significant in providing 31 units of affordable rental housing for disabled persons of limited means in Amityville, New York. By offering this essential housing option where no adequate housing exists for such individuals, the organization helps improve the quality of life and independence of those with disabilities. Additionally, Thea Bowman Fspa Housing Development Fund Company Inc plays a crucial role in addressing the housing needs of low-income families and individuals in the community, fulfilling its mission to provide affordable housing for those in need.





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 2023.

  • Investment Income: $39,867
  • Program Service Revenue: $889,814
  • Gross Receipts: $930,486

    • Assets and Liabilities:
  • Total Assets: $3,171,727
  • Total Liabilities: $711,006
  • Net Assets: $2,460,721
  • Programs

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

    SUBSIDY REVENUE

    Revenue

    $711,269

    PROGRAM SERVICE REVENU

    Revenue

    $178,545

    Organization Details

    Founding Year

    1998

    Principal Officer

    Richard Balcom

    Main Address

    90 CHERRY LANE, HICKSVILLE, NY, 118016232

    NTEE Category

    Code: L210 - Housing

    If you are a representative of Thea Bowman Fspa Housing Development Fund Company Inc 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.