10th And 51st Housing Development Fund Company Inc

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

EIN: 133270654 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is 10th And 51st Housing Development Fund Company Inc?

10th And 51st Housing Development Fund Company Inc is a nonprofit organization dedicated to providing affordable housing for senior citizens. Located at 404 West 54th Street in Manhattan, New York, the company offers 99 units of subsidized low-income housing. Beyond just housing, they also provide social and recreational services to their residents, with 47 of them being part of the Enriched Housing Program, requiring special assistance and food services. Their mission is to develop, construct, and operate housing and related facilities for the elderly and handicapped, aiming to enhance the quality of life for these individuals. The organization employs a total of 6 individuals in its operations.


Official website here: www.nyfsc.org

Is 10th And 51st Housing Development Fund Company Inc legitimate?

10th And 51st Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 10th And 51st 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: $326,905

For more financial information, click here


Official website here: www.nyfsc.org

What is the mission statement of 10th And 51st Housing Development Fund Company Inc?

The 10th And 51st Housing Development Fund Company Inc is dedicated to the mission of creating, constructing, and managing housing and related facilities primarily for the elderly and individuals with disabilities. Their primary objective is to provide 99 units of subsidized low-income housing, catering to senior citizens. To ensure the well-being of its residents, the company offers social and recreational services. Among its tenants, 47 are enrolled in the Enriched Housing Program, requiring special assistance and food services. The company's mission is to contribute to the comfort and support of these individuals, providing them with a suitable living environment.


Official website here: www.nyfsc.org

Who is the CEO of 10th And 51st Housing Development Fund Company Inc?

Linda Hoffman is the President of 10th And 51st Housing Development Fund Company Inc. The CEO's salary of 10th And 51st Housing Development Fund Company Inc is $0 and their total compensation is $724,061.


Official website here: www.nyfsc.org

What is the revenue of 10th And 51st Housing Development Fund Company Inc?

10th And 51st Housing Development Fund Company Inc's revenue in 2022 was $3,152,510.


Official website here: www.nyfsc.org

Who are the executives of 10th And 51st Housing Development Fund Company Inc and what are their salaries?

The average compensation at 10th And 51st Housing Development Fund Company Inc during 2022 was $54,484. There are 6 employees and 4 volunteers at 10th And 51st Housing Development Fund Company Inc.

Here are 6 key members and their salaries (10th And 51st Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $724,061):

    Linda R Hoffman (Chief Executive Officer)
  • Compensation: $0
  • Related: $692,717
  • Other: $31,344

    • Rolando Blanco (Chief Financial Officer)
  • Compensation: $0
  • Related: $285,600
  • Other: $25,497

    • Deborah Smith Bernstein (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth R Tozer (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joan Finkelsten (Exec. Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann Van Ness (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nyfsc.org

    Where can I find the form 990 for 10th And 51st Housing Development Fund Company Inc?

    The 10th And 51st Housing Development Fund Company Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nyfsc.org

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

    Mission Statement of 10th And 51st Housing Development Fund Company Inc

    10th And 51st Housing Development Fund Company Inc is dedicated to a mission that involves developing, constructing, and operating housing and related facilities specifically catering to the elderly and individuals with disabilities. This nonprofit organization seeks to provide a conducive living environment for these individuals, offering them subsidized low-income housing units as a primary service. In addition to housing, the company also focuses on providing social and recreational services to enhance the quality of life for its residents. Notably, 47 of its tenants are enrolled in the Enriched Housing Program, which offers special assistance and food services for those in need. The mission of 10th And 51st Housing Development Fund Company Inc is centered around creating safe and supportive living environments for the elderly and disabled, aiming to improve their overall well-being.

    Impact

    This information is meant to be a general summary of 10th And 51st 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

    10th And 51st Housing Development Fund Company Inc's impact is significant in providing 99 units of subsidized low-income housing for senior citizens in Manhattan. This housing development offers essential social and recreational services to its residents, creating a supportive and enriching community for those in need. Moreover, 47 of its tenants are part of the Enriched Housing Program, requiring special assistance and food service, indicating the organization's commitment to catering to the specific needs of vulnerable individuals. By developing, constructing, and operating housing facilities for the elderly and handicapped, this nonprofit contributes to improving the quality of life for a marginalized population in New York City.





    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: $339
  • Program Service Revenue: $284,580
  • Gross Receipts: $3,152,510

    • Assets and Liabilities:
  • Total Assets: $6,885,884
  • Total Liabilities: $6,164,088
  • Net Assets: $721,796
  • Programs

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

    RENTAL INCOME

    Revenue

    $284,580

    Organization Details

    Founding Year

    1985

    Principal Officer

    Linda Hoffman

    Main Address

    11 PARK PLACE 1416, NEW YORK, NY, 10007

    NTEE Category

    Code: L21 - Housing

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