Canaan Housing Dev Fund Corp

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

EIN: 133091591 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Canaan Housing Dev Fund Corp?

Canaan Housing Dev Fund Corp is a nonprofit organization that has made significant strides in addressing the housing needs of low-income individuals and the elderly. Their mission encompasses the development of an 89-unit apartment complex, specifically designed for this demographic. Beyond development, their primary focus lies in the operation of an apartment building catering to senior citizens. This commitment to providing suitable housing for vulnerable populations demonstrates Canaan Housing Dev Fund Corp's dedication to improving living conditions and ensuring the well-being of its community.


Is Canaan Housing Dev Fund Corp legitimate?

Canaan Housing Dev Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Canaan Housing Dev Fund 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: $303,944

For more financial information, click here


What is the mission statement of Canaan Housing Dev Fund Corp?
Who is the CEO of Canaan Housing Dev Fund Corp?
What is the revenue of Canaan Housing Dev Fund Corp?
Who are the executives of Canaan Housing Dev Fund Corp and what are their salaries?
Where can I find the form 990 for Canaan Housing Dev Fund Corp?

Mission Statement of Canaan Housing Dev Fund Corp

Canaan Housing Development Fund Corp, a nonprofit organization, focuses on providing housing solutions for the elderly and individuals with low income. Their primary mission is to develop an 89-unit apartment complex specifically designed for this demographic. This complex serves as a sanctuary for those in need, offering them a secure and comfortable living environment. The organization operates this apartment building, ensuring that senior residents have access to a suitable and supportive living space.

Impact

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




Thursday, August 1, 2024

Canaan Housing Dev Fund Corp's impact is evident in the development of an 89-unit apartment complex providing housing for low-income individuals and seniors in New York City. By operating this apartment building, Canaan Housing Dev Fund Corp is directly addressing the pressing need for affordable housing options, particularly among vulnerable populations such as the elderly. This initiative contributes to enhancing the quality of life for the residents by providing a safe and stable living environment. In essence, Canaan Housing Dev Fund Corp's work has a tangible and significant impact on the community by providing essential housing solutions 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 2022.

  • Investment Income: $1,351
  • Program Service Revenue: $1,953,459
  • Gross Receipts: $2,002,946

    • Assets and Liabilities:
  • Total Assets: $2,924,178
  • Total Liabilities: $6,953,170
  • Net Assets: -$4,028,992
  • Programs

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

    RENTAL INCOME

    Revenue

    $1,948,479

    LAUNDRY

    Revenue

    $4,980

    Organization Details

    Founding Year

    1981

    Principal Officer

    Thomas Johnson

    Main Address

    160 WEST 116TH STREET, NEW YORK, NY, 10026

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Canaan Housing Dev Fund Corp 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.