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1330 Morris Avenue Hdfc Corp

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

EIN: 133998582 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

Overview

What is 1330 Morris Avenue Hdfc Corp?

1330 Morris Avenue Hdfc Corp is a nonprofit organization situated in the Bronx, New York, specifically at 660 East 183rd Street. Their primary objective is to offer affordable housing opportunities for the community, catering to families with low to moderate income. Their revenue primarily comes from the rental income generated from these housing units. The associated expenses cover administrative fees, utilities, maintenance, repairs, taxes, and insurance – all essential components to efficiently operate the premises and comply with regulations.


Official website here: www.belmontarthurldc.com

Is 1330 Morris Avenue Hdfc Corp legitimate?

1330 Morris Avenue Hdfc Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1330 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 1330 Morris Avenue Hdfc Corp?

The mission of the organization at 1330 Morris Avenue, referred to as Hdfc Corp, is centered around providing housing opportunities for individuals with lower to moderate income levels within the community. This mission is accomplished through the operation of subsidized rental properties, which serve as the primary source of revenue for the organization. The associated expenses cover administrative fees, utilities, repairs and maintenance, as well as taxes and insurance, ensuring the efficient operation of the premises and adherence to regulations.


Official website here: www.belmontarthurldc.com

Who is the CEO of 1330 Morris Avenue Hdfc Corp?

Consolato Cicciu is the President of 1330 Morris Avenue Hdfc Corp.


Official website here: www.belmontarthurldc.com

What is the revenue of 1330 Morris Avenue Hdfc Corp?

1330 Morris Avenue Hdfc Corp's revenue in 2022 was $664,317.


Official website here: www.belmontarthurldc.com

Who are the executives of 1330 Morris Avenue Hdfc Corp 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.belmontarthurldc.com

    Where can I find the form 990 for 1330 Morris Avenue Hdfc Corp?

    The 1330 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 1330 Morris Avenue Hdfc Corp

    1330 Morris Avenue HDFC Corp is dedicated to providing affordable housing opportunities for individuals and families in the lower to moderate income brackets. The organization's primary objective is to offer a suitable living space within their community, generating revenue primarily through subsidized rentals occupied by these families. The associated expenses encompass administrative fees, utility costs, repairs and maintenance, as well as tax and insurance expenses, all necessary components to efficiently operate the premises and adhere to regulations. In essence, 1330 Morris Avenue HDFC Corp is committed to making housing accessible and affordable for a significant portion of the population, thereby contributing to the well-being and stability of the community.

    Impact

    This information is meant to be a general summary of 1330 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

    1330 Morris Avenue Hdfc Corp's impact lies in providing low to moderate-income housing opportunities for the community in the Bronx, NY. Through their rental properties, they offer affordable housing options for families in need. Their focus on generating revenue from subsidized rentals helps support their mission of ensuring housing affordability for those who may struggle with high housing costs. This organization plays a vital role in addressing the housing needs of the community and contributes to creating a more inclusive and sustainable living environment for low to moderate-income families.





    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: $86
  • Program Service Revenue: $664,231
  • Gross Receipts: $664,317

    • Assets and Liabilities:
  • Total Assets: $1,376,793
  • Total Liabilities: $121,256
  • Net Assets: $1,255,537
  • Programs

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

    GROSS POTENTIAL RENT

    Revenue

    $669,967

    OTHER RENTAL INCOME

    Revenue

    $5,590

    VACANCIES

    Revenue

    $-11,326

    Organization Details

    Founding Year

    1999

    Principal Officer

    Consolato Cicciu

    Main Address

    660 EAST 183RD STREET, BRONX, NY, 10458

    NTEE Category

    Code: L20 - Housing

    If you are a representative of 1330 Morris Avenue Hdfc Corp 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.