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178th Street Housing Development Fund Company Inc

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

EIN: 133054220 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

Overview

What is 178th Street Housing Development Fund Company Inc?

178th Street Housing Development Fund Company Inc is a nonprofit organization situated in the Bronx, New York. With a modest workforce of three individuals, their primary mission is to provide affordable housing solutions for the elderly and disabled, adhering to Section 202 of the Federal Housing Act of 1959. They are dedicated to making housing accessible and affordable for this specific demographic, contributing positively to their quality of life.


Official website here: www.sebcodevelopment.org

Is 178th Street Housing Development Fund Company Inc legitimate?

178th Street Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 178th Street 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: $147,368

For more financial information, click here


Official website here: www.sebcodevelopment.org

What is the mission statement of 178th Street Housing Development Fund Company Inc?

The 178th Street Housing Development Fund Company Inc is dedicated to providing affordable housing options for the elderly and disabled. This mission is in line with Section 202 of the Federal Housing Act of 1959, which the organization adheres to. Their primary goal is to ensure that these vulnerable communities have access to suitable living spaces. The company's activities are centered around providing a home environment that is both affordable and suitable for the elderly and disabled individuals.


Official website here: www.sebcodevelopment.org

Who is the CEO of 178th Street Housing Development Fund Company Inc?

Salvatore Gigante is the Chair of 178th Street Housing Development Fund Company Inc.


Official website here: www.sebcodevelopment.org

What is the revenue of 178th Street Housing Development Fund Company Inc?

178th Street Housing Development Fund Company Inc's revenue in 2022 was $2,056,316.


Official website here: www.sebcodevelopment.org

Who are the executives of 178th Street Housing Development Fund Company Inc and what are their salaries?

The average compensation at 178th Street Housing Development Fund Company Inc during 2022 was $49,123. There are 3 employees at 178th Street Housing Development Fund Company Inc.

Here are 8 key members and their salaries:

    Salvatore Gigante (Secretary/Co) [Trustee/Director]
  • Compensation: $0
  • Related: $825,206
  • Other: $0

    • Latoya Allen (Vice Preside)
  • Compensation: $0
  • Related: $479,011
  • Other: $0

    • Fr Louis R Gigante (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $100,000
  • Other: $0

    • Jason Boroff (Director)
  • Compensation: $1,110
  • Related: $95,114
  • Other: $0

    • Enrico Boccia (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $600
  • Other: $0

    • Carmen Reyes (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $600
  • Other: $0

    • Victor Papa (Director)
  • Compensation: $0
  • Related: $600
  • Other: $0

    • Migdalia Morales (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.sebcodevelopment.org

    Where can I find the form 990 for 178th Street Housing Development Fund Company Inc?

    The 178th Street Housing Development Fund Company Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.sebcodevelopment.org

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

    Mission Statement of 178th Street Housing Development Fund Company Inc

    The 178th Street Housing Development Fund Company Inc, as a mission-driven organization, is dedicated to providing affordable housing solutions for the elderly and disabled individuals. In line with Section 202 of the Federal Housing Act of 1959, this nonprofit organization strives to make a significant impact in the lives of those who are in need of affordable housing options. By offering housing services, the 178th Street Housing Development Fund Company Inc aims to provide a secure and comfortable living environment for its residents, enabling them to live with dignity and independence. The organization's commitment to this cause is essential in ensuring that elderly and disabled individuals are not left without adequate housing options, thereby fostering a sense of community and improving overall quality of life.

    Impact

    This information is meant to be a general summary of 178th Street Housing Development Fund Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 1, 2024

    178th Street Housing Development Fund Company Inc's impact lies in providing affordable housing to the elderly and disabled under Section 202 of the Federal Housing Act of 1959 in Bronx, NY. This organization plays a crucial role in ensuring that vulnerable populations have access to safe and affordable housing, addressing a critical need in the community. By focusing on the elderly, handicapped, and infirmed individuals, the company contributes to promoting stable and supportive living environments for those who need it most. Through their mission of providing affordable housing, 178th Street Housing Development Fund Company Inc positively impacts the lives of many individuals, helping to improve 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: $135
  • Program Service Revenue: $1,936,038
  • Gross Receipts: $2,056,316

    • Assets and Liabilities:
  • Total Assets: $1,540,743
  • Total Liabilities: $7,653,064
  • Net Assets: -$6,112,321
  • Programs

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

    RENTAL INCOME

    Revenue

    $1,936,038

    Organization Details

    Founding Year

    1980

    Principal Officer

    Salvatore Gigante

    Main Address

    429 BRUCKNER BLVD 2ND FLOOR, BRONX, NY, 10455

    NTEE Category

    Code: L21Z - Housing

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