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Stanton Norfolk Inc

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

EIN: 261880608 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Stanton Norfolk Inc?

Stanton Norfolk Inc, based in New York City, is a nonprofit organization dedicated to promoting, preserving, managing, and maintaining affordable housing. They provide assistance to tenants in obtaining and maintaining government and private housing aid, acting as a liaison between tenants and building owners, and devising solutions to help tenants overcome financial or other challenges to avoid eviction. The organization currently oversees over 900 affordable housing units in Lower Manhattan and Queens. Additionally, Stanton manages housing developments for Asian Americans for Equality, Inc. (AAFE), overseeing over 500 affordable housing units in Lower Manhattan. Beyond housing, Stanton also offers support for small businesses that benefit the community and coordinates related tenant services. With a team of 78 employees, Stanton Norfolk Inc. strives to enhance the living conditions and opportunities for individuals and families in need of affordable housing.


Is Stanton Norfolk Inc legitimate?

Stanton Norfolk Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stanton Norfolk 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: $177,261
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,326,785

For more financial information, click here


What is the mission statement of Stanton Norfolk Inc?
Who is the CEO of Stanton Norfolk Inc?
What is the revenue of Stanton Norfolk Inc?
Who are the executives of Stanton Norfolk Inc and what are their salaries?
Where can I find the form 990 for Stanton Norfolk Inc?

Mission Statement of Stanton Norfolk Inc

Stanton Norfolk Inc, a nonprofit organization, is committed to promoting, preserving, managing, and maintaining affordable housing. Their mission extends beyond just providing housing; they also offer assistance and space for small businesses that contribute positively to the community. Furthermore, Stanton Norfolk Inc coordinates related tenant services, ensuring the smooth operation of over 900 affordable housing units located in Lower Manhattan and Queens. By overseeing these housing developments and offering necessary support, the organization helps individuals and families in need of affordable housing, contributing to a more inclusive and equitable community.

Impact

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




Thursday, August 15, 2024

Stanton Norfolk Inc's impact is centered around promoting, preserving, managing, and maintaining affordable housing in Lower Manhattan and Queens. By overseeing over 900 affordable housing units and providing assistance to tenants to obtain and maintain qualification for government and private housing assistance programs, Stanton plays a crucial role in ensuring that individuals and families have access to stable and affordable housing options. Additionally, by acting as a liaison between tenants and building owners, crafting solutions to prevent evictions, and coordinating related tenant services, Stanton contributes to creating a more inclusive and supportive community for those in need of affordable housing solutions.





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: $20
  • Program Service Revenue: $3,971,917
  • Gross Receipts: $4,641,919

    • Assets and Liabilities:
  • Total Assets: $5,562,206
  • Total Liabilities: $1,361,964
  • Net Assets: $4,200,242
  • Programs

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

    PROPERTY MGMT FEES

    Revenue

    $2,757,618

    COMMERCIAL RENT

    Revenue

    $841,403

    RESTORATION AND REPAIR

    Revenue

    $309,146

    LOANS INTEREST INCOME

    Revenue

    $63,750

    Organization Details

    Founding Year

    2008

    Principal Officer

    Thomas Yu

    Main Address

    141 NORFOLK ST GROUND FLOOR, NEW YORK, NY, 10002

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Stanton Norfolk 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.