Overview
What is New Walton Avenue Housing Development Fund Corporation?
New Walton Avenue Housing Development Fund Corporation is a nonprofit organization that focuses on providing educational benefits to kindergarten children by operating and maintaining community facility space. They have a significant history, having acquired 10 parcels of real estate along with related structures and assets in 2017, following a plan of dissolution and asset distribution, approved by the Attorney General. The organization's mission remains largely undisclosed, as indicated by the "See Schedule O" note, but its commitment to kindergarten education and real estate management is evident.
Is New Walton Avenue Housing Development Fund Corporation legitimate?
New Walton Avenue Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Walton Avenue Housing Development Fund Corporation 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
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What is the mission statement of New Walton Avenue Housing Development Fund Corporation?
The New Walton Avenue Housing Development Fund Corporation is dedicated to serving the educational needs of kindergarten children by managing and maintaining community facilities. In 2017, the organization acquired 10 properties and their corresponding buildings, improvements, and fixtures as part of a plan to dissolve and distribute its assets. While the specific mission statement regarding the educational benefits and goals for the children is not provided, it can be inferred that the corporation aims to provide a conducive environment for kindergarten children's learning and development.
Who is the CEO of New Walton Avenue Housing Development Fund Corporation?
Heng Ly is the Secretary/Treasurer of New Walton Avenue Housing Development Fund Corporation.
What is the revenue of New Walton Avenue Housing Development Fund Corporation?
New Walton Avenue Housing Development Fund Corporation's revenue in 2022 was $2,393,374.
Who are the executives of New Walton Avenue Housing Development Fund Corporation and what are their salaries?
- Heng Ly (Secretary/Treasurer) [Trustee/Director]
- Luis Ortega (President) [Trustee/Director]
- Jose Norat (Vice President) [Trustee/Director]
- Erika Martinez (Director)
- Eileen Hogan (Director)
Where can I find the form 990 for New Walton Avenue Housing Development Fund Corporation?
The New Walton Avenue Housing Development Fund Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of New Walton Avenue Housing Development Fund Corporation
New Walton Avenue Housing Development Fund Corporation is an organization with a mission to benefit kindergarten children by managing and maintaining community facilities. Beyond this, the corporation acquired a significant amount of real estate, including buildings, improvements, and fixtures, in 2017, following a plan of dissolution and asset distribution that was approved by the Attorney General. This move further solidifies the corporation's commitment to its educational mission, expanding its capacity to serve and support young learners. The acquisition of these properties not only enhances the organization's facilities but also indicates a substantial investment in the educational growth and development of kindergarten children.
Impact
This information is meant to be a general summary of New Walton Avenue Housing Development Fund Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The New Walton Avenue Housing Development Fund Corporation's impact lies in providing educational benefits for kindergarten children through community facility space. By operating and maintaining this space, the organization contributes to the development and well-being of young children in the Bronx, NY. Additionally, the acquisition of real property and buildings further solidifies its commitment to supporting the community's educational needs. Overall, the organization's work plays a vital role in enhancing the learning environment and opportunities available to kindergarten students in the area.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NON-RESIDENTAL RENTAL INCOME
Revenue
$283,408
RESIDENTIAL RENTAL INCOME
Revenue
$2,109,966
Organization Details
Founding Year
1995
Phone
(718) 367-3200
Principal Officer
Heng Ly
Main Address
2751 GRAND CONCOURSE, BRONX, NY, 10468
NTEE Category
Code: L80 - Housing
If you are a representative of New Walton Avenue Housing Development Fund Corporation 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.