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Mvp Housing Development Fund Company Inc

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

EIN: 133760575 ✦ Flushing, NY ✦ Designated as a 501(c)(3)

Overview

What is Mvp Housing Development Fund Company Inc?

Mvp Housing Development Fund Company Inc, located in Flushing, New York, is a 66-unit housing complex that caters to the elderly and low-income population. As part of the United States Housing and Urban Development Section 202 Supportive Housing for the Elderly Program, this nonprofit organization provides affordable housing with features such as grab bars and ramps to ensure safety and independence for its residents. The eligible residents are typically individuals who are 62 years old or above and have an income below 50% of their area's median income. With a workforce of five individuals, Mvp Housing Development Fund Company Inc aims to contribute positively to its community by offering affordable housing solutions for the elderly and disabled population.


Is Mvp Housing Development Fund Company Inc legitimate?

Mvp Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mvp 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: $98,893

For more financial information, click here


What is the mission statement of Mvp Housing Development Fund Company Inc?
Who is the CEO of Mvp Housing Development Fund Company Inc?
What is the revenue of Mvp Housing Development Fund Company Inc?
Who are the executives of Mvp Housing Development Fund Company Inc and what are their salaries?

The average compensation at Mvp Housing Development Fund Company Inc during 2022 was $19,779. There are 5 employees and 11 volunteers at Mvp Housing Development Fund Company Inc.

Here are 23 key members and their salaries (Mvp Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $1,056,676):


Where can I find the form 990 for Mvp Housing Development Fund Company Inc?

Mission Statement of Mvp Housing Development Fund Company Inc

Mvp Housing Development Fund Company Inc, a nonprofit organization, is dedicated to providing affordable housing for the low-income, elderly, and disabled population in the community. The company participates in the United States Housing and Urban Development Section 202 Supportive Housing for the Elderly program, which is a federally funded initiative specifically designed for older persons. Eligibility for residence is typically restricted to individuals who are at least 62 years old and have an income below 50% of their area's median income.

To cater to the needs of its target population, Mvp Housing Development Fund Company Inc's apartments feature special features such as grab bars and ramps. These amenities aim to help older persons remain safer and more independent as they age. The organization's primary goal is to provide affordable housing, enabling these individuals to maintain their independence and dignity, thereby improving their overall quality of life. By offering affordable housing, Mvp Housing Development Fund Company Inc is significantly contributing to the well-being of the community's vulnerable population.

Impact

This information is meant to be a general summary of Mvp 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

Mvp Housing Development Fund Company Inc's impact is centered around providing essential affordable housing to low-income, elderly, and disabled individuals within the community. Through its 66 unit apartment residence that participates in the United States Housing and Urban Development Section 202 Supportive Housing for the Elderly Program, Mvp Housing Development Fund Company Inc offers a safe and supportive living environment tailored to the unique needs of its residents. By focusing on delivering housing that is specifically designed to cater to older persons, the organization plays a crucial role in enhancing the quality of life for this demographic. Through its commitment to serving those with limited incomes and special housing requirements, Mvp Housing Development Fund Company Inc contributes significantly to addressing the housing challenges faced by vulnerable populations.





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: $5,937
  • Program Service Revenue: $179,934
  • Gross Receipts: $986,881

    • Assets and Liabilities:
  • Total Assets: $3,999,456
  • Total Liabilities: $6,545,797
  • Net Assets: -$2,546,341
  • Programs

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

    RENTAL INCOME

    Revenue

    $179,934

    Organization Details

    Founding Year

    1994

    Principal Officer

    Tara Buonocore-Rut

    Main Address

    136-65 37TH AVENUE, FLUSHING, NY, 11354

    NTEE Category

    Code: L22 - Housing

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