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Pond Street Housing Development Fund Company Inc

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

EIN: 161344129 ✦ Syracuse, NY ✦ Designated as a 501(c)(3)

Overview

What is Pond Street Housing Development Fund Company Inc?

Pond Street Housing Development Fund Company Inc, located in Syracuse, New York, is a nonprofit organization primarily dedicated to the operation of a low-income housing project. With a mission to serve this specific purpose, the company was established under Section 202 of the National Housing Act. Their activities are centered around developing, owning, and managing a 47-unit low-income housing project on a nonprofit basis. They employ a team of six individuals to ensure the successful operation and maintenance of this project, providing affordable housing options for those in need.


Official website here: www.christopher-community.org

Is Pond Street Housing Development Fund Company Inc legitimate?

Pond Street Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pond Street 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: $103,725

For more financial information, click here


Official website here: www.christopher-community.org

What is the mission statement of Pond Street Housing Development Fund Company Inc?

Pond Street Housing Development Fund Company Inc was established with a specific purpose: to develop, manage, and operate a low-income housing project on a non-profit basis, adhering to Section 202 of the National Housing Act. The corporation's primary goal is to provide affordable housing for individuals with limited financial resources. The operation of a 47-unit low-income housing project is a testament to their commitment to this mission. By developing and managing such projects, the company aims to contribute to the well-being and housing stability of those in need, while operating on a non-profit basis.


Official website here: www.christopher-community.org

Who is the CEO of Pond Street Housing Development Fund Company Inc?

Father Daniel M Caruso is the President of Pond Street Housing Development Fund Company Inc.


Official website here: www.christopher-community.org

What is the revenue of Pond Street Housing Development Fund Company Inc?

Pond Street Housing Development Fund Company Inc's revenue in 2022 was $506,225.


Official website here: www.christopher-community.org

Who are the executives of Pond Street Housing Development Fund Company Inc and what are their salaries?

The average compensation at Pond Street Housing Development Fund Company Inc during 2022 was $17,288. There are 6 employees at Pond Street Housing Development Fund Company Inc.

Here are 3 key members and their salaries:

    Father Daniel Caruso (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tina Porrino (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laurie Gildemeyer (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.christopher-community.org

    Where can I find the form 990 for Pond Street Housing Development Fund Company Inc?

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


    Official website here: www.christopher-community.org

    Learn more at the official website: www.christopher-community.org

    Mission Statement of Pond Street Housing Development Fund Company Inc

    Pond Street Housing Development Fund Company Inc, a nonprofit organization, was established with a singular and specific purpose: to develop, own, and manage a low-income housing project. Adhering to Section 202 of the National Housing Act, this corporation operates its project on a nonprofit basis, providing affordable housing solutions for individuals with limited financial means. The mission of Pond Street Housing Development Fund Company Inc is to contribute to the housing sector by creating and maintaining a 47-unit low-income housing project, aiming to make a positive impact on the lives of its residents.

    Impact

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




    Wednesday, July 24, 2024

    Pond Street Housing Development Fund Company Inc's impact can be clearly seen in its provision of affordable housing through the operation of a 47-unit low-income housing project in Syracuse, NY. By offering affordable housing options to those in need, this organization plays a vital role in addressing housing insecurity and improving the quality of life for low-income individuals and families. Through its focused mission to develop, own, and operate a low-income housing project, Pond Street Housing Development Fund Company Inc contributes to creating a more inclusive and sustainable 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: $143
  • Program Service Revenue: $496,826
  • Gross Receipts: $506,225

    • Assets and Liabilities:
  • Total Assets: $1,418,585
  • Total Liabilities: $2,646,704
  • Net Assets: -$1,228,119
  • Programs

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

    RENTAL INCOME - HUD

    Revenue

    $372,774

    RENTAL INCOME - TENANT

    Revenue

    $124,052

    Organization Details

    Founding Year

    1989

    Principal Officer

    Father Daniel M Caruso

    Main Address

    990 JAMES STREET, SYRACUSE, NY, 13203

    NTEE Category

    Code: L22Z - Housing

    If you are a representative of Pond Street Housing Development Fund Company Inc 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.