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Italian-American Housing Development Fund Company Inc

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

EIN: 222471909 ✦ Watervliet, NY ✦ Designated as a 501(c)(3)

Overview

What is Italian-American Housing Development Fund Company Inc?

Italian-American Housing Development Fund Company Inc is a nonprofit organization situated in Watervliet, New York. Its primary mission is to offer affordable housing solutions for the elderly, specifically operating and maintaining a 50-unit complex under the National Housing Act's Section 202. This mission is facilitated through a subsidy contract with the U.S. Department of Housing and Urban Development. By managing this complex, the organization ensures the elderly residents have a safe and comfortable living environment.


Official website here: www.rcda.org

Is Italian-American Housing Development Fund Company Inc legitimate?

Italian-American Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Italian-American 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: $81,668

For more financial information, click here


Official website here: www.rcda.org

What is the mission statement of Italian-American Housing Development Fund Company Inc?

The Italian-American Housing Development Fund Company Inc focuses on providing affordable housing solutions for the elderly. They accomplish this by maintaining and operating a 50-unit complex, situated in Watervliet, New York, under Section 202 of the National Housing Act. This initiative is backed by a contract with the U.S. Department of Housing and Urban Development, ensuring ongoing subsidies for the project. The organization's primary objective is to offer a secure and comfortable living environment for the elderly, ensuring they can age with dignity and independence.


Official website here: www.rcda.org

Who is the CEO of Italian-American Housing Development Fund Company Inc?

Noel Olsen is the Member of Italian-American Housing Development Fund Company Inc.


Official website here: www.rcda.org

What is the revenue of Italian-American Housing Development Fund Company Inc?

Italian-American Housing Development Fund Company Inc's revenue in 2023 was $516,944.


Official website here: www.rcda.org

Who are the executives of Italian-American Housing Development Fund Company Inc and what are their salaries?

Here are 7 key members and their salaries:

    Rev Richard Leskovar (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev Leo Markert (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Early (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marggie Skinner (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Noel Olsen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Olsen (Vp/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katherine Trudeau (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.rcda.org

    Where can I find the form 990 for Italian-American Housing Development Fund Company Inc?

    The Italian-American Housing Development Fund Company Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.rcda.org

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

    Mission Statement of Italian-American Housing Development Fund Company Inc

    The Italian-American Housing Development Fund Company is dedicated to providing affordable housing solutions for the elderly. This nonprofit organization achieves this mission by maintaining and operating a 50-unit complex situated in Watervliet, New York, under the provisions of section 202 of the National Housing Act. The company's operations are supported by a contract with the U.S. Department of Housing and Urban Development, ensuring that the elderly residents can reside in a secure and comfortable environment. By providing this essential service, the Italian-American Housing Development Fund Company contributes to enhancing the living standards of the elderly population, enabling them to age with dignity and independence.

    Impact

    This information is meant to be a general summary of Italian-American 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

    Italian-American Housing Development Fund Company Inc's impact can be clearly seen in its provision of low-income housing for the elderly in Watervliet, New York. By maintaining and operating a 50-unit complex under section 202 of the National Housing Act, this organization ensures that elderly individuals have a safe and affordable place to call home. Through its partnership with the U.S. Department of Housing and Urban Development, Italian-American Housing Development Fund Company Inc plays a vital role in addressing the housing needs of a vulnerable population. Its dedication to this cause demonstrates a commitment to improving the quality of life for elderly residents in 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 2023.

  • Investment Income: $655
  • Program Service Revenue: $199,601
  • Gross Receipts: $516,944

    • Assets and Liabilities:
  • Total Assets: $1,455,822
  • Total Liabilities: $2,361,405
  • Net Assets: -$905,583
  • Programs

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

    TENANT RENT & CHARGES

    Revenue

    $199,601

    Organization Details

    Founding Year

    1991

    Principal Officer

    Noel Olsen

    Main Address

    4 CARONDELET DRIVE, WATERVLIET, NY, 12189

    NTEE Category

    Code: L22Z - Housing

    If you are a representative of Italian-American 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.