Scotia Committee Housing Development Fund Co Inc

Scotia Committee Housing Development Fund Co Inc is a nonprofit organization situated in Scotia, New York, primarily dedicated to providing subsidized and low-income housing to qualified tenants. In 2015, it initiated a multi-year rehabilitation project, investing approximately $3.5 million in the renovation of its housing project, which includes apartment upgrades, common area refurbishments, and elevator replacements. Although the project was temporarily halted due to the pandemic, as of November 30, 2022, approximately $2.9 million had been expended. The organization is projected to spend around $300,000 annually for the next two years, with the project expected to be completed in 2024. Established under the New York State Private Housing Finance Law, the organization manages an affordable senior housing project in Scotia, receiving Section 8 housing assistance payments to accommodate senior citizens and the disabled.

Scotia Committee Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scotia Committee 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: $3,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $215,197

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The Scotia Committee Housing Development Fund Co Inc was established with a mission to provide affordable senior housing, specifically for individuals aged 62 and older, as well as the disabled. This was achieved in 1994 through the acquisition of a 96-unit project in Scotia, New York. The project operates under the U.S. Housing Act of 1937, receiving Housing Assistance Payments (HAP) or rental subsidies. The Fund has entered into an agreement with the U.S. Department of Housing and Urban Development (HUD) for these subsidies, which will be subject to renewal in June 2025. The primary objective of this fund is to accommodate these senior citizens and disabled individuals, ensuring they have access to affordable housing.

Ronald Pinkerton is the President of Scotia Committee Housing Development Fund Co Inc.

Scotia Committee Housing Development Fund Co Inc's revenue in 2022 was $1,022,068.

The Scotia Committee Housing Development Fund Co Inc’s most recent form 990 was submitted in 2022 and can be accessed here