Overview
What is 1106 Morris Avenue Hdfc Corp?
1106 Morris Avenue Hdfc Corp is a nonprofit organization situated in the Bronx, New York, primarily focused on providing affordable housing opportunities for low to moderate-income families. The organization generates income through rental properties occupied by these families. The associated expenses include administrative fees, utilities, repair and maintenance, as well as tax and insurance costs, ensuring the efficient operation of the premises and compliance with regulations. The organization's mission centers around offering housing opportunities within the community, playing a crucial role in addressing housing needs in the area.
Official website here: www.belmontarthurldc.com
Is 1106 Morris Avenue Hdfc Corp legitimate?
1106 Morris Avenue Hdfc Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1106 Morris Avenue Hdfc Corp 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.belmontarthurldc.com
What is the mission statement of 1106 Morris Avenue Hdfc Corp?
1106 Morris Avenue HDFC Corp is committed to providing affordable housing opportunities for individuals and families with modest incomes. Their primary objective is to make housing accessible within this income bracket, generating revenue through subsidized rentals occupied by these residents. The organization manages the property efficiently, covering necessary expenses such as administrative fees, utilities, repairs, maintenance, taxes, and insurance to comply with regulations. By offering affordable housing, 1106 Morris Avenue HDFC Corp aims to contribute positively to its community.
Official website here: www.belmontarthurldc.com
Who is the CEO of 1106 Morris Avenue Hdfc Corp?
Consolato Cicciu is the President of 1106 Morris Avenue Hdfc Corp.
Official website here: www.belmontarthurldc.com
What is the revenue of 1106 Morris Avenue Hdfc Corp?
1106 Morris Avenue Hdfc Corp's revenue in 2022 was $600,455.
Official website here: www.belmontarthurldc.com
Who are the executives of 1106 Morris Avenue Hdfc Corp and what are their salaries?
- Paul Fracassi (Vice President) [Trustee/Director]
- Cecilia Ferro (Secretary) [Trustee/Director]
- Consolato Cicciu (President) [Trustee/Director]
Official website here: www.belmontarthurldc.com
Where can I find the form 990 for 1106 Morris Avenue Hdfc Corp?
The 1106 Morris Avenue Hdfc Corp’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.belmontarthurldc.com
Learn more at the official website: www.belmontarthurldc.com
Mission Statement of 1106 Morris Avenue Hdfc Corp
1106 Morris Avenue HDFC Corp is a dedicated organization with a mission to provide low-income and moderate-income housing opportunities within the community. This mission is instrumental in addressing the housing needs of families who fall under these income brackets, thereby contributing to a more inclusive and equitable living environment. The organization generates revenue primarily through low-to-moderate income family-subsidized rentals that occupy their properties. The associated expenses cover essential components such as administrative fees, utilities, repairs and maintenance, taxes, and insurance. These expenses are necessary to efficiently operate the premises and adhere to regulations, ensuring the organization can continue to provide affordable housing opportunities.
Impact
This information is meant to be a general summary of 1106 Morris Avenue Hdfc Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
The impact of 1106 Morris Avenue Hdfc Corp is providing low to moderate-income housing opportunities for the community in Bronx, NY. They generate revenues through subsidized rentals for low to moderate-income families, which helps meet the housing needs of the community. Their activities contribute to improving housing affordability and accessibility for those in need 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.
GROSS POTENTIAL RENT
Revenue
$643,842
OTHER RENTAL INCOME
Revenue
$14,311
VACANCIES
Revenue
$-58,091
Organization Details
Founding Year
1999
Principal Officer
Consolato Cicciu
Main Address
660 EAST 183RD STREET, BRONX, NY, 10458
Website
www.belmontarthurldc.com
NTEE Category
Code: L20 - Housing
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