Timon Towers Housing Development Fund Company Inc

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

EIN: 161075435 ✦ Buffalo, NY ✦ Designated as a 501(c)(3)

Overview

What is Timon Towers Housing Development Fund Company Inc?

Timon Towers Housing Development Fund Company Inc, situated in Buffalo, New York, is a dedicated nonprofit organization. Their primary mission is to offer affordable housing for elderly, handicapped, and low-income individuals. The company goes beyond just providing shelter, ensuring their facilities and services cater to the residents' physical, social, and psychological needs. Timon Towers is committed to enhancing the quality of life for these individuals, creating a supportive community environment.


Official website here: www.deltadevelopmentwny.org

Is Timon Towers Housing Development Fund Company Inc legitimate?

Timon Towers Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Timon Towers Housing Development Fund Company 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: $227,106

For more financial information, click here


Official website here: www.deltadevelopmentwny.org

What is the mission statement of Timon Towers Housing Development Fund Company Inc?

Timon Towers Housing Development Fund Company's mission is centered around providing affordable housing for individuals who are elderly, handicapped, or of low income. The company goes beyond just offering living spaces; it focuses on addressing the complete spectrum of their residents' needs, encompassing their physical, social, and psychological well-being. By doing so, Timon Towers aims to create an environment that fosters their overall well-being and quality of life.


Official website here: www.deltadevelopmentwny.org

Who is the CEO of Timon Towers Housing Development Fund Company Inc?

Deacon Steve Schumer is the President of Timon Towers Housing Development Fund Company Inc.


Official website here: www.deltadevelopmentwny.org

What is the revenue of Timon Towers Housing Development Fund Company Inc?

Timon Towers Housing Development Fund Company Inc's revenue in 2022 was $1,169,831.


Official website here: www.deltadevelopmentwny.org

Who are the executives of Timon Towers Housing Development Fund Company Inc and what are their salaries?

Here are 7 key members and their salaries:

    Deacon Steve Schumer (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev Peter J Karalus (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Mendolera (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sr Regina Murphy Ssmn (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Most Rev Michael W Fisher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sr Mary Mccarrick Osf (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clara Moran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.deltadevelopmentwny.org

    Where can I find the form 990 for Timon Towers Housing Development Fund Company Inc?

    The Timon Towers Housing Development Fund Company Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.deltadevelopmentwny.org

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

    Mission Statement of Timon Towers Housing Development Fund Company Inc

    Timon Towers Housing Development Fund Company is a nonprofit organization dedicated to providing low-income housing for elderly, handicapped, and financially struggling individuals. Their mission is to create and maintain housing facilities that cater to the physical, social, and psychological needs of their residents. By offering these services, Timon Towers aims to enhance the quality of life for those in need, providing them with a safe and supportive environment. The company's commitment extends beyond just offering housing; they strive to create a sense of community within their facilities, fostering a sense of belonging and well-being among their residents.

    Impact

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




    Thursday, August 15, 2024

    Timon Towers Housing Development Fund Company Inc's impact is evident in its provision of low-income housing for elderly, handicapped, and low-income individuals. By offering housing facilities and services tailored to meet their physical, social, and psychological needs, the company plays a crucial role in ensuring that these vulnerable populations have access to safe and affordable housing options. Located in Buffalo, NY, Timon Towers Housing Development Fund Company Inc contributes to improving the quality of life for individuals in need within the community.





    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: $1,185
  • Program Service Revenue: $1,115,399
  • Gross Receipts: $1,169,831

    • Assets and Liabilities:
  • Total Assets: $3,228,704
  • Total Liabilities: $3,464,407
  • Net Assets: -$235,703
  • Programs

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

    TENANT ASSISTANCE PAYM

    Revenue

    $744,862

    RENTAL INCOME

    Revenue

    $370,537

    Organization Details

    Founding Year

    1976

    Principal Officer

    Deacon Steve Schumer

    Main Address

    525 WASHINGTON STREET, BUFFALO, NY, 14203

    NTEE Category

    Code: L22 - Housing

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