Amethyst Housing Development Fund Company Inc

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

EIN: 133412236 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

Overview

What is Amethyst Housing Development Fund Company Inc?

Amethyst Housing Development Fund Company Inc is a nonprofit organization situated in the Bronx, New York. Their main mission is to provide affordable housing for elderly individuals with low income, operating an apartment complex comprising 58 units, including a non-revenue producing unit. This initiative is backed by the U.S. Department of Housing and Urban Development, specifically through the section 8 and section 8 conversion programs, which ensure the availability of well-supported housing for this demographic.


Is Amethyst Housing Development Fund Company Inc legitimate?

Amethyst Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Amethyst 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


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

Mission Statement of Amethyst Housing Development Fund Company Inc

Amethyst Housing Development Fund Company Inc is committed to providing housing solutions for very low-income elderly individuals. This nonprofit organization operates an apartment complex, which houses 58 residential units, including one unit that does not produce revenue. This complex is supported by the U.S. Department of Housing and Urban Development under the section 8 and the section 8 conversion programs. The mission of Amethyst Housing Development Fund Company Inc is to offer a safe and secure living environment for elderly individuals who are financially disadvantaged, ensuring they have access to decent and affordable housing. By supporting this nonprofit, the U.S. Department of Housing and Urban Development aids in addressing housing disparities and providing a sense of stability for vulnerable elderly populations.

Impact

This information is meant to be a general summary of Amethyst 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

Amethyst Housing Development Fund Company Inc's impact can be seen in the provision of stable and affordable housing for very low-income elderly individuals in the Bronx, NY. The organization operates an apartment complex with 58 residential units, ensuring that these individuals have a safe and secure place to call home. By participating in programs supported by the U.S. Department of Housing and Urban Development, such as section 8 and section 8 conversion programs, Amethyst Housing Development Fund Company Inc plays a crucial role in addressing the housing needs of a vulnerable population.





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: $261
  • Program Service Revenue: $166,516
  • Gross Receipts: $1,067,576

    • Assets and Liabilities:
  • Total Assets: $2,255,362
  • Total Liabilities: $5,674,201
  • Net Assets: -$3,418,839
  • Programs

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

    RENTAL - AFFORDABLE HOUSING

    Revenue

    $166,516

    Organization Details

    Founding Year

    1987

    Principal Officer

    Johanna Kletter

    Main Address

    2751 Grand Concourse, Bronx, NY, 10468

    NTEE Category

    Code: L21 - Housing

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