Olivet-St Vincent's Housing Development Fund Company Inc

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

EIN: 133178692 ✦ Staten island, NY ✦ Designated as a 501(c)(3)

Overview

What is Olivet-St Vincent's Housing Development Fund Company Inc?

Olivet-St Vincent's Housing Development Fund Company Inc is a nonprofit organization situated in Staten Island, New York. Their primary mission is to provide housing and related services to the elderly on a nonprofit basis. To fulfill this purpose, they own and manage a Section 223(F) HUD-financed multifamily housing project, which comprises 75 units specifically designed for the elderly population. This initiative aims to enhance the living conditions and well-being of the elderly who are in need.


Is Olivet-St Vincent's Housing Development Fund Company Inc legitimate?

Olivet-St Vincent's Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olivet-St Vincent's 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: $160,494

For more financial information, click here


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

Mission Statement of Olivet-St Vincent's Housing Development Fund Company Inc

Olivet-St. Vincent's Housing Development Fund Company Inc is dedicated to providing housing and related services to the elderly in a nonprofit manner. Their mission is twofold: they own and operate a Section 223(F) HUD-financed multifamily housing project specifically designed for the elderly. This project, consisting of 75 units, serves as a home for this vulnerable population. The company's objective is to offer these accommodations on a nonprofit basis, aiming to uplift and support the poor elderly community.

Impact

This information is meant to be a general summary of Olivet-St Vincent's 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

Olivet-St Vincent's Housing Development Fund Company Inc directly impacts the lives of the poor elderly in Staten Island, NY by providing them with affordable housing and related services. Through owning and operating a HUD-financed multifamily project specifically designed for the elderly, the organization offers a safe and supportive living environment for its residents. This initiative plays a crucial role in addressing the housing needs of this vulnerable population, ensuring they have a dignified place to call home. The impact of Olivet-St Vincent's Housing Development Fund Company Inc extends beyond just providing housing, as it also enhances the overall well-being and quality of life for the elderly residents it serves.





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: $15,480
  • Program Service Revenue: $1,289,561
  • Gross Receipts: $1,316,796

    • Assets and Liabilities:
  • Total Assets: $3,269,199
  • Total Liabilities: $3,678,340
  • Net Assets: -$409,141
  • Programs

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

    TENANT ASSISTANCE PAYM

    Revenue

    $1,050,500

    TENANT RENTAL PAYMENTS

    Revenue

    $238,713

    COVID-19 SUPPLEMENTAL

    Revenue

    $348

    Organization Details

    Founding Year

    1983

    Principal Officer

    Matthew Janeczko

    Main Address

    150 BRIELLE AVENUE, STATEN ISLAND, NY, 103146424

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Olivet-St Vincent's 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.