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Bishop Broderick Apartments Housing Development Fund Co Inc

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

EIN: 141624475 ✦ Albany, NY ✦ Designated as a 501(c)(3)

Overview

What is Bishop Broderick Apartments Housing Development Fund Co Inc?

Bishop Broderick Apartments Housing Development Fund Co Inc is a nonprofit organization dedicated to offering affordable housing solutions. Located in Colonie, New York, they manage a 101-unit complex subsidized by the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. Their primary mission revolves around providing low-income housing, with their operations and maintenance expenses directly related to this endeavor. The complex serves as a vital living space for those in need, contributing to the overall well-being of the community.


Is Bishop Broderick Apartments Housing Development Fund Co Inc legitimate?

Bishop Broderick Apartments Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bishop Broderick Apartments Housing Development Fund Co 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: $164,328

For more financial information, click here


What is the mission statement of Bishop Broderick Apartments Housing Development Fund Co Inc?
Who is the CEO of Bishop Broderick Apartments Housing Development Fund Co Inc?
What is the revenue of Bishop Broderick Apartments Housing Development Fund Co Inc?
Who are the executives of Bishop Broderick Apartments Housing Development Fund Co Inc and what are their salaries?
Where can I find the form 990 for Bishop Broderick Apartments Housing Development Fund Co Inc?

Mission Statement of Bishop Broderick Apartments Housing Development Fund Co Inc

Bishop Broderick Apartments Housing Development Fund Co Inc is committed to providing affordable housing for individuals with low income. The organization operates and maintains a 101-unit complex, located in Colonie, New York, with the support of a contract with the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. This agreement helps subsidize the cost of providing housing for those in need, enabling Bishop Broderick Apartments Housing Development Fund Co Inc to fulfill its mission effectively. By offering affordable housing, the organization plays a crucial role in promoting stability and well-being for its residents, empowering them to focus on other aspects of their lives.

Impact

This information is meant to be a general summary of Bishop Broderick Apartments Housing Development Fund Co Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The impact of Bishop Broderick Apartments Housing Development Fund Co Inc is evident in its provision of low-income housing through the operation of a 101-unit complex in Colonie, New York. By offering affordable accommodation, the organization plays a crucial role in addressing housing needs for individuals and families with limited financial resources. This impact aligns with the organization's mission to support the community by ensuring that individuals have access to safe and affordable housing options. Through its efforts, Bishop Broderick Apartments contributes to promoting stability and improving the quality of life for residents in Albany, NY.





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 2023.

  • Investment Income: $1,546
  • Program Service Revenue: $377,317
  • Gross Receipts: $962,648

    • Assets and Liabilities:
  • Total Assets: $3,143,869
  • Total Liabilities: $4,117,364
  • Net Assets: -$973,495
  • Programs

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

    TENANT RENT & CHARGES

    Revenue

    $377,317

    Organization Details

    Founding Year

    1982

    Principal Officer

    Noel Olsen

    Main Address

    50 PRESCOTT AVENUE, ALBANY, NY, 12205

    NTEE Category

    Code: L210 - Housing

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