Pio Mendez Housing Development Fund Company Inc

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

EIN: 133211951 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

Overview

What is Pio Mendez Housing Development Fund Company Inc?

Pio Mendez Housing Development Fund Company Inc, located in the Bronx, New York, was a nonprofit organization with a mission to provide affordable housing for the elderly and handicapped. This mission was carried out in compliance with Section 202 of the Federal Housing Act of 1959. The company offered housing solutions in the South Bronx area of New York City. In 2014, the property was sold for its fair market value, receiving approval from both the United States Department of Housing and Urban Development and the New York State Department of Law. Despite the property sale, the organization's commitment to affordable housing for vulnerable populations remains significant.


Official website here: www.sebcodevelopment.org

Is Pio Mendez Housing Development Fund Company Inc legitimate?

Pio Mendez Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pio Mendez 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: $0

For more financial information, click here


Official website here: www.sebcodevelopment.org

What is the mission statement of Pio Mendez Housing Development Fund Company Inc?

Pio Mendez Housing Development Fund Company Inc's mission revolves around providing affordable housing for elderly and handicapped individuals. This mission is carried out under Section 202 of the Federal Housing Act of 1959. The company's primary goal is to ensure that low-income elderly and handicapped individuals have access to suitable housing. In the past, the company successfully provided such housing in the South Bronx area of New York City. However, in December 2014, the property was sold at its fair market value with the approval of both the United States Department of Housing and Urban Development and the New York State Department of Law.


Official website here: www.sebcodevelopment.org

Who is the CEO of Pio Mendez Housing Development Fund Company Inc?

Salvatore Gigante is the Chair of Pio Mendez Housing Development Fund Company Inc.


Official website here: www.sebcodevelopment.org

What is the revenue of Pio Mendez Housing Development Fund Company Inc?

Pio Mendez Housing Development Fund Company Inc's revenue in 2022 was $461,107.


Official website here: www.sebcodevelopment.org

Who are the executives of Pio Mendez Housing Development Fund Company Inc and what are their salaries?

Here are 4 key members and their salaries:

    Salvatore Gigante (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $216,439
  • Other: $0

    • Sonal Shah (Controller)
  • Compensation: $0
  • Related: $133,882
  • Other: $0

    • Enrico Boccia (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $800
  • Other: $0

    • Carmen Reyes (Treasurer/Se) [Trustee/Director]
  • Compensation: $0
  • Related: $800
  • Other: $0


  • Official website here: www.sebcodevelopment.org

    Where can I find the form 990 for Pio Mendez Housing Development Fund Company Inc?

    The Pio Mendez 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 Pio Mendez Housing Development Fund Company Inc

    Pio Mendez Housing Development Fund Company Inc, a nonprofit organization, has a mission centered around providing affordable housing for the elderly and individuals with disabilities. This mission is in line with Section 202 of the Federal Housing Act of 1959. The company has been dedicated to this cause, offering housing solutions to individuals with low income in the South Bronx area of New York City. Their commitment to this section of the act has resulted in the provision of affordable housing for the elderly and handicapped, ensuring they have a place to call home.

    The organization's mission was carried out effectively, as evidenced by the sale of the property on December 30, 2014, for its fair market value. The sale was approved by both the United States Department of Housing and Urban Development and the New York State Department of Law, demonstrating the legitimacy and success of Pio Mendez Housing Development Fund Company Inc's efforts. While the specific details of this transaction can be found in Schedule A, Part VI, it is clear that the organization has made a significant impact in the lives of those they serve.

    Impact

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




    Wednesday, July 24, 2024

    Pio Mendez Housing Development Fund Company Inc provided affordable housing for low-income elderly and handicapped individuals in the South Bronx area of New York City. Through its mission to offer housing under Section 202 of the Federal Housing Act of 1959, the organization helped address the critical need for safe and affordable accommodation for vulnerable populations. This initiative not only provided a roof over the heads of those in need but also contributed to enhancing the quality of life and well-being of the elderly and handicapped individuals it served.





    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: $0
  • Program Service Revenue: $0
  • Gross Receipts: $461,107

    • Assets and Liabilities:
  • Total Assets: $9,289,238
  • Total Liabilities: $15,156
  • Net Assets: $9,274,082
  • Organization Details

    Founding Year

    1984

    Principal Officer

    Salvatore Gigante

    Main Address

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

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Pio Mendez 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.