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Mhany Peninsula Local Development Corporation

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

EIN: 320575794 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Mhany Peninsula Local Development Corporation?

The Mhany Peninsula Local Development Corporation, located at 470 Vanderbilt Avenue, 9th Floor, Brooklyn, NY 11238, is a nonprofit organization dedicated to developing housing projects for individuals of low income. They carry out this mission on a non-profit basis, ensuring affordable living spaces for those in need. The corporation incurs expenses for the maintenance of these housing projects, demonstrating their commitment to the well-being and comfort of their residents.


Is Mhany Peninsula Local Development Corporation legitimate?

Mhany Peninsula Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhany Peninsula Local Development 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: $0

For more financial information, click here


What is the mission statement of Mhany Peninsula Local Development Corporation?
Who is the CEO of Mhany Peninsula Local Development Corporation?
What is the revenue of Mhany Peninsula Local Development Corporation?
Who are the executives of Mhany Peninsula Local Development Corporation and what are their salaries?
Where can I find the form 990 for Mhany Peninsula Local Development Corporation?

Mission Statement of Mhany Peninsula Local Development Corporation

Mhany Peninsula Local Development Corporation is a non-profit organization dedicated to an influential mission. At its core, the corporation aims to develop affordable housing projects for individuals with low income. This mission is carried out on a non-profit basis, indicating that the organization's primary goal is not to generate profit but to provide necessary housing solutions for those in need. The corporation incurs expenses to maintain the housing projects it develops, ensuring a comfortable living environment for its beneficiaries.

Impact

This information is meant to be a general summary of Mhany Peninsula Local Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Mhany Peninsula Local Development Corporation's impact is felt most significantly in Brooklyn, NY, where they have developed a housing project for persons of low income on a non-profit basis. This initiative has created affordable housing options and contributed to the community's well-being. The organization's efforts have helped address the housing needs of individuals facing financial challenges, providing them with a stable and secure living environment. Additionally, by focusing on the development of affordable housing, Mhany Peninsula Local Development Corporation has supported the goal of increasing access to safe and affordable housing for low-income individuals in the community. Through their work, they have made a positive impact on the lives of many and contributed to the overall betterment of the Brooklyn area.





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: $0
  • Program Service Revenue: $559,369
  • Gross Receipts: $563,369

    • Assets and Liabilities:
  • Total Assets: $39,138,258
  • Total Liabilities: $39,693,085
  • Net Assets: -$554,827
  • Programs

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

    CONSTRUCTION INCOME

    Revenue

    $515,045

    RENTAL INCOME

    Revenue

    $44,324

    Organization Details

    Founding Year

    2018

    Principal Officer

    Ismene Speliotis

    Main Address

    470 VANDERBILT AVE 9TH FLOOR, BROOKLYN, NY, 11238

    NTEE Category

    Code: J20 - Employment

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