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Cumberland 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: 133907908 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Cumberland Gardens Housing Development Fund Company Inc?

Cumberland Gardens Housing Development Fund Company Inc is a nonprofit organization situated in New York City, specifically at 11 Park Place, 141 Street, New York, NY 10007. Their primary mission is to develop, construct, and operate housing and related facilities for the elderly and handicapped. They provide 104 subsidized, low-income housing units specifically for senior citizens. Located in Brooklyn, at Atlantic Avenue and Cumberland Street, the facility offers additional social and recreational services. Notably, 46 of its tenants are enrolled in the Enriched Housing Program, requiring special assistance and food services. With a team of seven dedicated employees, the organization aims to improve the living conditions of its elderly and handicapped residents.


Official website here: www.nyfsc.org

Is Cumberland Gardens Housing Development Fund Company Inc legitimate?

Cumberland Gardens Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cumberland 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: $271,525

For more financial information, click here


Official website here: www.nyfsc.org

What is the mission statement of Cumberland Gardens Housing Development Fund Company Inc?

Cumberland Gardens Housing Development Fund Company Inc is dedicated to developing, constructing, and operating housing and related facilities primarily for the elderly and individuals with disabilities. Their primary objective is to provide 104 units of subsidized, low-income housing. To cater to the needs of their residents, they offer social and recreational services. Notably, 46 of their tenants are enrolled in the Enriched Housing Program, requiring special assistance and food services. The company's mission is to provide a suitable living environment for these individuals, ensuring they receive the care they need.


Official website here: www.nyfsc.org

Who is the CEO of Cumberland Gardens Housing Development Fund Company Inc?

Linda Hoffman is the President of Cumberland Gardens Housing Development Fund Company Inc. The CEO's salary of Cumberland Gardens Housing Development Fund Company Inc is $0 and their total compensation is $724,061.


Official website here: www.nyfsc.org

What is the revenue of Cumberland Gardens Housing Development Fund Company Inc?

Cumberland Gardens Housing Development Fund Company Inc's revenue in 2022 was $2,301,350.


Official website here: www.nyfsc.org

Who are the executives of Cumberland Gardens Housing Development Fund Company Inc and what are their salaries?

The average compensation at Cumberland Gardens Housing Development Fund Company Inc during 2022 was $38,789. There are 7 employees and 7 volunteers at Cumberland Gardens Housing Development Fund Company Inc.

Here are 9 key members and their salaries (Cumberland Gardens Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $724,061):

    Linda R Hoffman (Chief Executive Officer)
  • Compensation: $0
  • Related: $692,717
  • Other: $31,344

    • Rolando Blanco (Chief Financial Officer)
  • Compensation: $0
  • Related: $285,600
  • Other: $25,497

    • Deborah Smith Bernstein (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann Van Ness (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth R Tozer (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William N Hubbard Iii (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elaine Arace (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Howard Lepow (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marcella Maxwell (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nyfsc.org

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

    The Cumberland Gardens Housing Development Fund Company Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nyfsc.org

    Learn more at the official website: www.nyfsc.org

    Mission Statement of Cumberland Gardens Housing Development Fund Company Inc

    Cumberland Gardens Housing Development Fund Company Inc, as its mission statement suggests, is dedicated to developing, constructing, and operating housing and related facilities primarily for the elderly and individuals with disabilities. This nonprofit organization seeks to provide a living space that is both subsidized and affordable, catering to those who fall under the low-income bracket. Beyond offering housing, the company also provides essential services, including social and recreational activities, to enhance the quality of life for its residents. A significant portion of its tenants, forty-six to be precise, are enrolled in the Enriched Housing Program. These residents require special assistance and food services, demonstrating Cumberland Gardens Housing Development Fund Company Inc's commitment to catering to the unique needs of its senior citizen population.

    Impact

    This information is meant to be a general summary of Cumberland 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

    Cumberland Gardens Housing Development Fund Company Inc provides essential subsidized housing for low-income senior citizens in Brooklyn, New York. By offering 104 units specifically designed for this vulnerable population, Cumberland Gardens plays a crucial role in addressing the housing needs of seniors in the community. Additionally, the organization's provision of social and recreational services enhances the well-being and quality of life for its residents.

    Furthermore, Cumberland Gardens accommodates 46 Enriched Housing Program residents who require special assistance and food services, demonstrating a commitment to serving those with additional needs. By focusing on the development, construction, and operation of housing facilities for the elderly and handicapped, Cumberland Gardens fulfills its mission to support this underserved demographic.

    In summary, Cumberland Gardens Housing Development Fund Company Inc makes a significant impact by offering affordable housing options, tailored services, and a supportive community for senior citizens in need.





    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: $29
  • Program Service Revenue: $312,809
  • Gross Receipts: $2,301,350

    • Assets and Liabilities:
  • Total Assets: $8,377,144
  • Total Liabilities: $11,987,801
  • Net Assets: -$3,610,657
  • Programs

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

    RENTAL INCOME

    Revenue

    $312,809

    Organization Details

    Founding Year

    1996

    Principal Officer

    Linda Hoffman

    Main Address

    11 PARK PLACE 1416, NEW YORK, NY, 10007

    NTEE Category

    Code: L20 - Housing

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