nonprofit logo

Mrc Housing Development Fund Company Inc

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

EIN: 113289580 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Mrc Housing Development Fund Company Inc?

Mrc Housing Development Fund Company Inc is a nonprofit organization located in Brooklyn, New York, specifically at 539 Alabama Avenue. Their primary mission is to provide affordable housing for senior and disabled citizens, operating a 54-unit apartment complex to cater to this demographic. The company's activities revolve around offering low-income housing solutions, ensuring that elderly and disabled individuals have access to suitable living spaces in their community.


Is Mrc Housing Development Fund Company Inc legitimate?

Mrc Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mrc 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: $103,824

For more financial information, click here


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

Mission Statement of Mrc Housing Development Fund Company Inc

Mrc Housing Development Fund Company Inc, as a nonprofit organization, is dedicated to providing low-income housing to senior and disabled individuals. This mission is reflected in their primary activity, which involves operating a 54-unit apartment complex specifically designed for the elderly. By offering affordable housing, Mrc Housing Development Fund Company Inc aims to support the needs of elderly and disabled citizens, providing them with a secure and suitable living environment. This commitment to social responsibility and community support is at the core of the organization's operations.

Impact

This information is meant to be a general summary of Mrc 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

Mrc Housing Development Fund Company Inc directly impacts the lives of low-income senior and disabled individuals in Brooklyn, NY by providing them with affordable housing options. Through the operation of a 54-unit apartment complex specifically designed for the elderly, Mrc Housing Development Fund Company Inc fulfills its mission of offering housing solutions to those in need. This organization plays a crucial role in ensuring that vulnerable populations have access to safe and affordable housing, ultimately improving their quality of life and well-being.





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: $377
  • Program Service Revenue: $905,748
  • Gross Receipts: $906,125

    • Assets and Liabilities:
  • Total Assets: $1,979,165
  • Total Liabilities: $5,146,302
  • Net Assets: -$3,167,137
  • Programs

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

    RENTAL INCOME - SECTIO

    Revenue

    $712,565

    RENTAL INCOME - TENANT

    Revenue

    $193,183

    Organization Details

    Founding Year

    1995

    Principal Officer

    Gregory Colimon

    Main Address

    539 ALABAMA AVENUE, BROOKLYN, NY, 11207

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Mrc 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.