Overview
What is Community Homes Housing Development Fund Company?
Community Homes Housing Development Fund Company, based in New York City, is a nonprofit organization dedicated to expanding and enhancing the city's affordable housing inventory. With a focus on underserved populations such as minorities, immigrants, and low- and moderate-income individuals, the company acquires, rehabilitates, or builds one- to four-family homes. They strongly believe in the wealth-generating potential of home ownership in communities and subsequently sell the homes they develop to families within their target demographic. To ensure these families are prepared for homeownership, they provide referrals to an affiliate counseling and training provider.
Official website here: www.aafe.org
Is Community Homes Housing Development Fund Company legitimate?
Community Homes Housing Development Fund Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Homes Housing Development Fund Company 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.aafe.org
What is the mission statement of Community Homes Housing Development Fund Company?
The Community Homes Housing Development Fund Company, often referred to as CHHDFC, was established with a mission to enhance and improve the availability of affordable housing in various communities. This organization primarily focuses on promoting and fostering home ownership among minority, immigrant, low-income, and underserved populations. To achieve this goal, CHHDFC acquires, rehabilitates, or constructs one- to four-family homes. After completing the development process, the company sells these homes to families within the targeted population. Recognizing the wealth-generating potential of home ownership, CHHDFC assists these families in preparing to purchase their homes through collaborations with affiliate counseling and training providers.
Official website here: www.aafe.org
Who is the CEO of Community Homes Housing Development Fund Company?
Thomas Yu is the Secretary of Community Homes Housing Development Fund Company.
Official website here: www.aafe.org
What is the revenue of Community Homes Housing Development Fund Company?
Community Homes Housing Development Fund Company's revenue in 2022 was $1,113,756.
Official website here: www.aafe.org
Who are the executives of Community Homes Housing Development Fund Company and what are their salaries?
- Thomas Yu (Executive Director)
- Jennifer Sun (Co-Executive Director (Outgoing))
- Nelson Chan (Treasurer) [Trustee/Director]
- Hsueh Lam Yan (Secretary) [Trustee/Director]
- Joy Suzanne Granado (Chief Accounting Officer)
- My T Chang (Chief Of Staff)
Official website here: www.aafe.org
Where can I find the form 990 for Community Homes Housing Development Fund Company?
The Community Homes Housing Development Fund Company’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.aafe.org
Learn more at the official website: www.aafe.org
Mission Statement of Community Homes Housing Development Fund Company
Community Homes Housing Development Fund Company, established with a mission, aims to increase and enhance the affordable housing stock in cities, particularly focusing on underserved populations such as minority, immigrant, low-income, and underrepresented communities. This nonprofit organization believes in the transformative power of home ownership and strives to promote and advance it within these communities. To achieve this goal, Community Homes Housing Development Fund Company acquires, rehabilitates, or builds one-to-four-family homes, and subsequently sells them to eligible families. By doing so, the organization supports the wealth-generating effects of home ownership within these communities. To prepare families for homeownership, Community Homes Housing Development Fund Company also refers them to an affiliate counseling and training provider. In summary, the mission of Community Homes Housing Development Fund Company is to enhance affordable housing options and promote home ownership for underserved populations, thereby fostering community growth and wealth creation.
Impact
This information is meant to be a general summary of Community Homes Housing Development Fund Company. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Community Homes Housing Development Fund Company's impact can be seen in the increased availability of affordable housing options in New York City. By acquiring and rehabilitating or building new one- to four-family homes, CHHDFC is directly contributing to expanding the housing stock for minority, immigrant, low- and moderate-income, and underserved populations. This not only provides much-needed housing options for these communities but also promotes and advances the idea of homeownership, a key factor in building wealth and stability for families.
Additionally, CHHDFC's efforts in preparing these families to purchase their homes through counseling and training referrals further empowers them to take control of their housing situation and build a stronger foundation for their future. Through its focus on single-family housing development, rental properties operation, rehabilitation, and sales, CHHDFC is actively working towards fulfilling its mission of improving access to affordable housing and promoting homeownership within the target populations in New York City.
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.
RENTAL INCOME
Revenue
$287,326
LOAN INTEREST INCOME
Revenue
$173,978
Organization Details
Founding Year
2000
Phone
(212) 964-2288
Principal Officer
Thomas Yu
Main Address
2 ALLEN STREET 7TH FLOOR, NEW YORK, NY, 10002
Website
www.aafe.org
NTEE Category
Code: L25 - Housing
If you are a representative of Community Homes Housing Development Fund Company 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.