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607 Concord Avenue Housing Development Fund Corporation

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

EIN: 134146104 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

Overview

What is 607 Concord Avenue Housing Development Fund Corporation?

The 607 Concord Avenue Housing Development Fund Corporation is a nonprofit organization situated in the Bronx, New York, specifically at 920 Prospect Avenue. Their primary mission is to provide affordable housing for low-income individuals with disabilities. They achieve this by managing residential properties and offering monthly subsidies, funded by the U.S. Department of Housing and Urban Development, through a program known as Section 8. This supportive housing initiative aims to improve the quality of life for disabled individuals by providing them with a safe and comfortable living environment.


Is 607 Concord Avenue Housing Development Fund Corporation legitimate?

607 Concord Avenue Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 607 Concord 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: $111,631

For more financial information, click here


What is the mission statement of 607 Concord Avenue Housing Development Fund Corporation?
Who is the CEO of 607 Concord Avenue Housing Development Fund Corporation?
What is the revenue of 607 Concord Avenue Housing Development Fund Corporation?
Who are the executives of 607 Concord Avenue Housing Development Fund Corporation and what are their salaries?
Where can I find the form 990 for 607 Concord Avenue Housing Development Fund Corporation?

Mission Statement of 607 Concord Avenue Housing Development Fund Corporation

The 607 Concord Avenue Housing Development Fund Corporation is dedicated to providing residential rental housing for individuals with low income and disabilities. This nonprofit organization achieves its mission by securing monthly subsidies from the U.S. Department of Housing and Urban Development. By doing so, it is able to offer affordable housing options to those in need, thereby enhancing their living standards. The corporation's primary role is to operate and maintain residential properties, ensuring that the living conditions are safe and comfortable for the disabled residents.

Impact

This information is meant to be a general summary of 607 Concord 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

607 Concord Avenue Housing Development Fund Corporation's impact lies in its mission to provide residential rental housing to low-income disabled persons. By operating and maintaining residential housing for this vulnerable population, the organization ensures that those in need have access to safe and affordable living spaces. The monthly subsidies from the U.S. Department of Housing and Urban Development enable the organization to fulfill its goal of supporting low-income disabled individuals in need of housing assistance. Through its dedicated efforts, 607 Concord Avenue HDFC positively impacts the lives of those it serves by providing a vital resource for their housing needs.





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: $0
  • Program Service Revenue: $1,097,899
  • Gross Receipts: $1,101,847

    • Assets and Liabilities:
  • Total Assets: $3,512,838
  • Total Liabilities: $9,578,053
  • Net Assets: -$6,065,215
  • Programs

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

    TENANT RENTAL INCOME

    Revenue

    $1,094,499

    PARKING INCOME

    Revenue

    $3,400

    Organization Details

    Founding Year

    2001

    Principal Officer

    Steve Kadin

    Main Address

    920 Prospect Avenue, Bronx, NY, 10459

    NTEE Category

    Code: L22 - Housing

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