Arbor Hill Development Corporation

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

EIN: 141628657 ✦ Albany, NY ✦ Designated as a 501(c)(3)

Overview

What is Arbor Hill Development Corporation?

Arbor Hill Development Corporation is a nonprofit organization situated in Albany, New York. Its primary mission is to uplift the community by offering affordable housing options and renovating existing homes, thereby revitalizing the neighborhood. Moreover, they are committed to workforce development and enhancing the overall quality of life in the area. Their initiatives encompass an affordable rental housing program named First Street and community renewal projects.


Official website here: www.arborhilldc.org

Is Arbor Hill Development Corporation legitimate?

Arbor Hill Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arbor Hill Development 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: $45,007
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,104

For more financial information, click here


Official website here: www.arborhilldc.org

What is the mission statement of Arbor Hill Development Corporation?

Arbor Hill Development Corporation is committed to providing neighborhood assistance. Their mission encompasses promoting affordable homeownership, offering apartment housing, and revitalizing and restoring housing within the community. Additionally, they are dedicated to workforce development, aiming to improve the overall quality of life in the area. The corporation provides various programs, such as an affordable rental housing program called First Street, as well as community renewal initiatives. Their primary objective is to enhance the living conditions and opportunities for individuals in the community.


Official website here: www.arborhilldc.org

Who is the CEO of Arbor Hill Development Corporation?

Arlene Way is the Executive Di of Arbor Hill Development Corporation.


Official website here: www.arborhilldc.org

What is the revenue of Arbor Hill Development Corporation?

Arbor Hill Development Corporation's revenue in 2023 was $759,644.


Official website here: www.arborhilldc.org

Who are the executives of Arbor Hill Development Corporation and what are their salaries?

The average compensation at Arbor Hill Development Corporation during 2023 was $43,556. There are 2 employees at Arbor Hill Development Corporation.

Here are 8 key members and their salaries:

    Arlene Way (Executive Di)
  • Compensation: $45,006
  • Related: $0
  • Other: $0

    • Elbert Watson (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andre Lake (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Innocent Ake (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Richardson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arlene Sherman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arthur Lumpkin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.arborhilldc.org

    Where can I find the form 990 for Arbor Hill Development Corporation?

    The Arbor Hill Development Corporation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.arborhilldc.org

    Learn more at the official website: www.arborhilldc.org

    Mission Statement of Arbor Hill Development Corporation

    Arbor Hill Development Corporation is committed to providing neighborhood assistance, with a focus on affordable homeownership, apartment housing, and the restoration and revitalization of housing. The organization's mission is to improve the quality of life in the community. To achieve this, Arbor Hill Development Corporation offers various programs, including an affordable rental housing program called First Street. Additionally, the entity engages in workforce development and community renewal initiatives. By providing these services, Arbor Hill Development Corporation aims to enhance the living conditions and opportunities for the community members.

    Impact

    This information is meant to be a general summary of Arbor Hill Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Arbor Hill Development Corporation plays a crucial role in revitalizing neighborhoods by providing affordable homeownership opportunities, apartment housing, and restoring and renovating housing. Through its workforce development programs, it helps individuals in the community gain valuable skills and access to job opportunities. Overall, Arbor Hill Development Corporation's impact is significant in improving the quality of life in Albany, NY, by addressing housing needs and enhancing the community's well-being.





    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: $-1,642
  • Program Service Revenue: $47,841
  • Gross Receipts: $811,286

    • Assets and Liabilities:
  • Total Assets: $729,317
  • Total Liabilities: $269,585
  • Net Assets: $459,732
  • Programs

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

    AFFORDABLE HOUSING PROGRAM

    Revenue

    $47,841

    Organization Details

    Founding Year

    1981

    Principal Officer

    Arlene Way

    Main Address

    241 CLINTON AVENUE, ALBANY, NY, 12210

    NTEE Category

    Code: S20 - Community improvement

    If you are a representative of Arbor Hill Development Corporation 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.