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Bathgate Belmont Apartments Hdfcinc

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

EIN: 133644828 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

Overview

What is Bathgate Belmont Apartments Hdfcinc?

Bathgate Belmont Apartments Hdfcinc is a nonprofit organization situated in the Bronx, New York, specifically at 660 East 183rd Street. Their primary mission is to offer affordable housing opportunities for low to moderate-income families within the community. They achieve this by managing a property that provides subsidized rental units. The operation of this property involves covering necessary expenses such as administrative fees, utilities, repairs and maintenance, taxes, and insurance, ensuring the property runs efficiently and adheres to regulations.


Official website here: www.belmontarthur.com

Is Bathgate Belmont Apartments Hdfcinc legitimate?

Bathgate Belmont Apartments Hdfcinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bathgate Belmont Apartments Hdfcinc 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.belmontarthur.com

What is the mission statement of Bathgate Belmont Apartments Hdfcinc?

Bathgate Belmont Apartments Hdfcinc's mission is centered around providing affordable housing opportunities for individuals with modest to moderate incomes within the community. By offering low-income family-subsidized rentals, the property generates its income. The associated expenses cover necessary components such as administrative fees, utilities, repair and maintenance, taxes, and insurance, enabling the efficient operation of the premises while adhering to regulations.


Official website here: www.belmontarthur.com

Who is the CEO of Bathgate Belmont Apartments Hdfcinc?

Consolato Cicciu is the President of Bathgate Belmont Apartments Hdfcinc.


Official website here: www.belmontarthur.com

What is the revenue of Bathgate Belmont Apartments Hdfcinc?

Bathgate Belmont Apartments Hdfcinc's revenue in 2022 was $765,071.


Official website here: www.belmontarthur.com

Who are the executives of Bathgate Belmont Apartments Hdfcinc and what are their salaries?

Here are 3 key members and their salaries:

    Paul Fracassi (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cecilia Ferro (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Consolato Cicciu (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.belmontarthur.com

    Where can I find the form 990 for Bathgate Belmont Apartments Hdfcinc?

    The Bathgate Belmont Apartments Hdfcinc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.belmontarthur.com

    Learn more at the official website: www.belmontarthur.com

    Mission Statement of Bathgate Belmont Apartments Hdfcinc

    Bathgate Belmont Apartments HDFinc, as a nonprofit organization, is committed to providing low-income to moderate-income housing opportunities for the community. Their mission is to create a space where families in need can call home, ensuring that affordable housing is accessible to a wide range of individuals. The organization generates its revenue primarily through low to moderate income family-subsidized rental units occupying the property. The associated expenses cover administrative fees, utilities, repair and maintenance, as well as taxes and insurance. These necessary components allow Bathgate Belmont Apartments HDFinc to efficiently operate the premises, adhere to regulations, and provide a comfortable living environment for its residents.

    Impact

    This information is meant to be a general summary of Bathgate Belmont Apartments Hdfcinc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The impact of Bathgate Belmont Apartments Hdfcinc is significant in providing low to moderate-income housing opportunities for the community in Bronx, NY. Their mission focuses on offering affordable housing options for those who may not be able to afford market-rate rentals. By generating revenue through subsidized rentals and managing expenses effectively, the organization ensures the smooth operation of the property while complying with regulations.

    Through their efforts, Bathgate Belmont Apartments Hdfcinc plays a crucial role in addressing the housing needs of individuals and families with limited financial resources, ultimately contributing to the stability and well-being of the community.





    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: $2,638
  • Program Service Revenue: $762,433
  • Gross Receipts: $765,071

    • Assets and Liabilities:
  • Total Assets: $3,469,327
  • Total Liabilities: $130,371
  • Net Assets: $3,338,956
  • Programs

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

    GROSS POTENTIAL RENT

    Revenue

    $744,928

    SUPER RENT FREE UNIT

    Revenue

    $38,429

    OTHER RENTAL INCOME

    Revenue

    $7,395

    VACANCIES

    Revenue

    $-28,319

    Organization Details

    Founding Year

    1996

    Principal Officer

    Consolato Cicciu

    Main Address

    660 EAST 183RD STREET, BRONX, NY, 10458

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of Bathgate Belmont Apartments Hdfcinc 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.