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Rochester Housing Development Fund Corporation

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

EIN: 161607165 ✦ Rochester, NY ✦ Designated as a 501(c)(3)

Overview

What is Rochester Housing Development Fund Corporation?

The Rochester Housing Development Fund Corporation, based in Rochester, New York, serves as a nonprofit organization dedicated to financing the acquisition and rehabilitation of housing for low-income individuals. Over the period of April 1, 2022, to March 31, 2023, they successfully acquired, rehabilitated, and sold seven single-family homes to eligible first-time homebuyers. With a team of three dedicated employees, they strive to provide affordable housing solutions within their community.


Official website here: www.homerochester.org

Is Rochester Housing Development Fund Corporation legitimate?

Rochester Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester 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: $170,524

For more financial information, click here


Official website here: www.homerochester.org

What is the mission statement of Rochester Housing Development Fund Corporation?

The Rochester Housing Development Fund Corporation's mission is centered around financing the acquisition and renovation of housing units. This is done specifically with the aim of providing affordable living spaces for individuals with lower income levels. Over the period of April 1, 2022, to March 31, 2023, they successfully acquired, rehabilitated, and sold seven single-family homes to eligible first-time homebuyers. This initiative underscores their commitment to making homeownership accessible for those who might otherwise struggle to secure decent housing.


Official website here: www.homerochester.org

Who is the CEO of Rochester Housing Development Fund Corporation?

Theodora Finn is the President of Rochester Housing Development Fund Corporation.


Official website here: www.homerochester.org

What is the revenue of Rochester Housing Development Fund Corporation?

Rochester Housing Development Fund Corporation's revenue in 2023 was $2,406,967.


Official website here: www.homerochester.org

Who are the executives of Rochester Housing Development Fund Corporation and what are their salaries?

The average compensation at Rochester Housing Development Fund Corporation during 2023 was $56,841. There are 3 employees at Rochester Housing Development Fund Corporation.

Here are 9 key members and their salaries:

    Joan Dallis (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Francer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Johanna Santiago (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gerald D Dimarco Esq (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julio Vazquez (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Hedden (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fiona Wolfe (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Dukette (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Theodora Finn (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.homerochester.org

    Where can I find the form 990 for Rochester Housing Development Fund Corporation?

    The Rochester Housing Development Fund Corporation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.homerochester.org

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

    Mission Statement of Rochester Housing Development Fund Corporation

    Rochester Housing Development Fund Corporation is a nonprofit organization dedicated to financing the acquisition and rehabilitation of housing for low-income individuals. Its mission is to provide financial assistance to eligible first-time homebuyers, enabling them to secure and improve their living conditions. Over the period of April 1, 2022, to March 31, 2023, this organization has demonstrated its commitment by acquiring, rehabilitating, and selling seven single-family homes to those in need. By providing this service, Rochester Housing Development Fund Corporation plays a significant role in improving the living standards of low-income individuals, thereby contributing to a more equitable society.

    Impact

    This information is meant to be a general summary of Rochester 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

    Rochester Housing Development Fund Corporation's impact is evident in their successful acquisition, rehabilitation, and sale of seven single-family homes to eligible first-time homebuyers in Rochester, NY. By providing affordable housing options for low-income individuals, this organization plays a crucial role in addressing the housing needs of the community. Through their mission to finance the acquisition and rehabilitation of housing for those in need, Rochester Housing Development Fund Corporation is making a tangible difference in improving living conditions and increasing homeownership opportunities for individuals facing financial challenges.





    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: $92,379
  • Program Service Revenue: $2,060,595
  • Gross Receipts: $2,406,967

    • Assets and Liabilities:
  • Total Assets: $5,000,028
  • Total Liabilities: $4,889,970
  • Net Assets: $110,058
  • Programs

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

    SUBSIDY REVENUE

    Revenue

    $1,133,695

    HOME SALES

    Revenue

    $926,900

    Organization Details

    Founding Year

    2002

    Principal Officer

    Theodora Finn

    Main Address

    16 EAST MAIN STREET 610, ROCHESTER, NY, 14614

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Rochester Housing Development Fund 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.