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Halfmoon Housing Development Fund Co Inc

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

EIN: 222579490 ✦ Clifton park, NY ✦ Designated as a 501(c)(3)

Overview

What is Halfmoon Housing Development Fund Co Inc?

Halfmoon Housing Development Fund Co Inc is a nonprofit organization situated in Clifton Park, New York. Their primary focus is on providing affordable housing to low-income individuals, as outlined under section 202 of the National Housing Act. They operate a 50-unit complex, funded by a contract with the U.S. Department of Housing. The organization's resources and expenditures are committed to upholding this critical mission.


Is Halfmoon Housing Development Fund Co Inc legitimate?

Halfmoon Housing Development Fund Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Halfmoon 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,173

For more financial information, click here


What is the mission statement of Halfmoon Housing Development Fund Co Inc?
Who is the CEO of Halfmoon Housing Development Fund Co Inc?
What is the revenue of Halfmoon Housing Development Fund Co Inc?
Who are the executives of Halfmoon Housing Development Fund Co Inc and what are their salaries?
Where can I find the form 990 for Halfmoon Housing Development Fund Co Inc?

Mission Statement of Halfmoon Housing Development Fund Co Inc

Halfmoon Housing Development Fund Co Inc is dedicated to providing low-income housing. Situated in an unspecified location, this nonprofit organization operates a 50-unit complex under Section 202 of the National Housing Act. The U.S. Department of Housing provides funding for this mission through a contract. All the expenses incurred by the organization directly support this mission of offering affordable housing to individuals in need.

Impact

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




Wednesday, July 24, 2024

Halfmoon Housing Development Fund Co Inc's impact is significant in providing low-income housing to individuals in need. They maintain and operate a 50 unit complex in Clifton Park, NY, under section 202 of the National Housing Act. This initiative is subsidized by a contract with the U.S. Department of Housing, ensuring that those with limited financial resources have access to affordable housing. By offering these housing opportunities, Halfmoon Housing Development Fund Co Inc plays a crucial role in addressing the housing needs of vulnerable populations and improving their quality of life.





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: $417
  • Program Service Revenue: $180,794
  • Gross Receipts: $498,594

    • Assets and Liabilities:
  • Total Assets: $1,002,793
  • Total Liabilities: $1,667,660
  • Net Assets: -$664,867
  • Programs

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

    TENANT RENT & CHARGES

    Revenue

    $180,794

    Organization Details

    Founding Year

    1985

    Principal Officer

    Noel Olsen

    Main Address

    54 KATHERINE DRIVE, CLIFTON PARK, NY, 12065

    NTEE Category

    Code: L22Z - Housing

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