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Minford Gardens Housing Development Fund Company Inc

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

EIN: 133705921 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

Overview

What is Minford Gardens Housing Development Fund Company Inc?

Minford Gardens Housing Development Fund Company Inc is a not-for-profit organization established in New York State in 1992, with its headquarters located at 1789 Southern Blvd, Bronx, NY 10460. Their primary mission is to provide low-income housing, as they operate a rental housing project under Section 202 of the National Housing Act. This project, located in Bronx, NY, comprises 77 units. With a modest workforce of two individuals, Minford Gardens Housing Development Fund Company Inc contributes to the community by offering affordable housing options.


Is Minford Gardens Housing Development Fund Company Inc legitimate?

Minford Gardens Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minford Gardens 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: $147,094

For more financial information, click here


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

Mission Statement of Minford Gardens Housing Development Fund Company Inc

Minford Gardens Housing Development Fund Company Inc, a not-for-profit organization established under New York state law in 1992, was formed with a primary objective. This objective, in simple terms, is to provide low-income housing. The company was established with the intention of managing a rental housing project under Section 202 of the National Housing Act. This project, situated in Bronx, New York, features 77 units, offering a home to individuals with limited financial resources. The mission of Minford Gardens Housing Development Fund Company Inc is to contribute to the housing needs of its community, providing a safe and affordable living space for those who require it.

Impact

This information is meant to be a general summary of Minford Gardens 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 15, 2024

Minford Gardens Housing Development Fund Company Inc provides essential low-income housing solutions in the Bronx, New York. By operating a rental housing project with 77 units under Section 202 of the National Housing Act, this organization directly addresses the pressing need for affordable housing in the community. Through their efforts, Minford Gardens Housing Development Fund Company Inc positively impacts the lives of individuals and families who may struggle to find safe and affordable housing options. Their work contributes to improving the overall quality of life for low-income residents in the Bronx by providing a stable and secure living environment.





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: $1,299,366
  • Gross Receipts: $1,299,366

    • Assets and Liabilities:
  • Total Assets: $4,127,642
  • Total Liabilities: $8,262,204
  • Net Assets: -$4,134,562
  • Programs

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

    RENTAL INCOME

    Revenue

    $1,299,366

    Organization Details

    Founding Year

    1993

    Principal Officer

    Derrick Lovett

    Main Address

    1789 SOUTHERN BLVD, BRONX, NY, 10460

    NTEE Category

    Code: L200 - Housing

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