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Washington Avenue Hdfcinc

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

EIN: 133826275 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

Overview

What is Washington Avenue Hdfcinc?

Washington Avenue 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 options for the local community, catering to families with low to moderate income levels. The organization generates revenue principally through rental income derived from these residences. The operational expenses encompass administrative fees, utilities, repairs and maintenance, tax, and insurance costs, ensuring the premises are efficiently managed and comply with regulations.


Official website here: www.belmontarthur.com

Is Washington Avenue Hdfcinc legitimate?

Washington Avenue Hdfcinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Avenue 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 Washington Avenue Hdfcinc?

Washington Avenue Hdfcinc's mission is centered around providing housing opportunities for individuals with low to moderate income. By doing so, they aim to contribute positively to their community. Their primary source of income comes from the rental fees paid by these families, which are then used to cover necessary expenses such as administrative fees, utilities, repairs, maintenance, taxes, and insurance. The organization ensures the efficient operation of the premises while adhering to regulations.


Official website here: www.belmontarthur.com

Who is the CEO of Washington Avenue Hdfcinc?

Consolato Cicciu is the President of Washington Avenue Hdfcinc.


Official website here: www.belmontarthur.com

What is the revenue of Washington Avenue Hdfcinc?

Washington Avenue Hdfcinc's revenue in 2022 was $629,113.


Official website here: www.belmontarthur.com

Who are the executives of Washington Avenue 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 Washington Avenue Hdfcinc?

    The Washington Avenue 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 Washington Avenue Hdfcinc

    Washington Avenue HDFCinc, a nonprofit organization, is committed to providing affordable housing opportunities for low-income and moderate-income families within the community. Its primary objective is to create a housing environment that caters to the needs of this demographic, generating income through subsidized rentals occupied by these families. The organization's mission encompasses managing associated expenses, which include administrative fees, utilities, repairs and maintenance, taxes, and insurance. These financial components are essential for running the premises efficiently and adhering to regulatory requirements. By offering affordable housing options, Washington Avenue HDFCinc plays a crucial role in the community, providing a stable living environment for families who might otherwise struggle to secure suitable housing.

    Impact

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




    Wednesday, July 24, 2024

    Washington Avenue Hdfcinc's impact lies in its provision of low to moderate income housing opportunities for the community in the Bronx, NY. By offering subsidized rentals to families in need, the organization plays a crucial role in addressing the affordable housing crisis and ensuring that individuals and families have access to a safe and stable living environment. This not only helps individuals secure housing but also contributes to the overall well-being and economic stability 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: $3,922
  • Program Service Revenue: $625,191
  • Gross Receipts: $629,113

    • Assets and Liabilities:
  • Total Assets: $1,822,594
  • Total Liabilities: $109,388
  • Net Assets: $1,713,206
  • Programs

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

    GROSS POTENTIAL RENTAL

    Revenue

    $641,325

    OTHER RENTAL INCOME

    Revenue

    $2,568

    VACANCIES

    Revenue

    $-18,702

    Organization Details

    Founding Year

    1996

    Principal Officer

    Consolato Cicciu

    Main Address

    660 EAST 183RD STREET, BRONX, NY, 10458

    NTEE Category

    Code: L80 - Housing

    If you are a representative of Washington Avenue 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.