80-92 Ridge Street Housing Development Fund Company Inc

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

EIN: 133584060 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is 80-92 Ridge Street Housing Development Fund Company Inc?

80-92 Ridge Street Housing Development Fund Company Inc is a nonprofit organization situated in New York City, specifically at 11 Park Place, 141 Street. Their primary mission is to provide 99 units of subsidized, low-income housing primarily for senior citizens. Located at 80 Ridge Street between Ridge and Delancey Streets in Manhattan, this housing complex offers additional social and recreational services. Forty-seven of its tenants are enrolled in the Enriched Housing Program, requiring special assistance and food services. With a small workforce of four individuals, this organization is dedicated to improving the living conditions and offering support for elderly and handicapped individuals.


Official website here: www.nyfsc.org

Is 80-92 Ridge Street Housing Development Fund Company Inc legitimate?

80-92 Ridge Street Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 80-92 Ridge Street 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: $385,316

For more financial information, click here


Official website here: www.nyfsc.org

What is the mission statement of 80-92 Ridge Street Housing Development Fund Company Inc?

The 80-92 Ridge Street Housing Development Fund Company Inc is dedicated to developing, constructing, and operating housing and related facilities primarily for the elderly and disabled individuals. Their primary activity involves providing 99 units of subsidized, low-income housing for senior citizens. Furthermore, they offer additional social and recreational services to their residents, with 47 of them being enrolled in the Enriched Housing Program, requiring special assistance and food services.


Official website here: www.nyfsc.org

Who is the CEO of 80-92 Ridge Street Housing Development Fund Company Inc?

Linda Hoffman is the Vice President of 80-92 Ridge Street Housing Development Fund Company Inc. The CEO's salary of 80-92 Ridge Street 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 80-92 Ridge Street Housing Development Fund Company Inc?

80-92 Ridge Street Housing Development Fund Company Inc's revenue in 2022 was $2,701,313.


Official website here: www.nyfsc.org

Who are the executives of 80-92 Ridge Street Housing Development Fund Company Inc and what are their salaries?

The average compensation at 80-92 Ridge Street Housing Development Fund Company Inc during 2022 was $96,329. There are 4 employees and 4 volunteers at 80-92 Ridge Street Housing Development Fund Company Inc.

Here are 6 key members and their salaries (80-92 Ridge Street 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

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

    • Deborah Smith Bernstein (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 80-92 Ridge Street Housing Development Fund Company Inc?

    The 80-92 Ridge Street 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 80-92 Ridge Street Housing Development Fund Company Inc

    80-92 Ridge Street Housing Development Fund Company Inc, a nonprofit organization, is dedicated to a mission that encompasses developing, constructing, and operating housing and related facilities. Its primary focus is on catering to the needs of the elderly and individuals with disabilities. In fulfilling this mission, the company provides 99 units of subsidized, low-income housing, offering a safe and supportive environment for its senior citizen residents. Moreover, the organization extends beyond merely providing housing, offering social and recreational services, with 47 of its tenants being enrolled in the Enriched Housing Program, requiring special assistance and food services. In essence, 80-92 Ridge Street Housing Development Fund Company Inc's mission is to enhance the quality of life for its elderly and disabled residents by offering affordable housing and essential services.

    Impact

    This information is meant to be a general summary of 80-92 Ridge Street 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

    80-92 Ridge Street Housing Development Fund Company Inc's impact lies in providing vital housing support to senior citizens in need. Through its provision of 99 units of subsidized, low-income housing, this organization offers a safe and affordable living option for a vulnerable population in Manhattan. Additionally, by offering social and recreational services, as well as special assistance to 47 enriched housing program residents, this nonprofit plays a crucial role in enhancing the quality of life for elderly individuals who may require additional support. Their mission of developing, constructing, and operating housing facilities for the elderly and handicapped directly addresses a pressing societal need for accessible, supportive housing options 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: $60
  • Program Service Revenue: $284,591
  • Gross Receipts: $2,701,313

    • Assets and Liabilities:
  • Total Assets: $4,853,436
  • Total Liabilities: $6,159,964
  • Net Assets: -$1,306,528
  • Programs

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

    RENTAL INCOME

    Revenue

    $284,591

    Organization Details

    Founding Year

    1989

    Principal Officer

    Linda Hoffman

    Main Address

    11 PARK PLACE 1416, NEW YORK, NY, 10007

    NTEE Category

    Code: L21 - Housing

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