Overview
What is Grand Street Settlement Senior Housing Development Fund?
Grand Street Settlement Senior Housing Development Fund is a nonprofit organization situated in New York, specifically at 152 WEST 57TH STREET, 18 FLOOR. Their primary mission is to offer affordable housing options for low-income elderly individuals. They accomplish this through two housing programs: HUD Section 202 and HUD Section 8. The HUD Section 202 program provides rental units for eligible seniors, while HUD Section 8 helps subsidize the rent for these residents, ensuring they can maintain a comfortable living situation. The organization's focus on affordable housing for the elderly contributes significantly to the community, providing a safe and supportive living environment for this demographic.
Is Grand Street Settlement Senior Housing Development Fund legitimate?
Grand Street Settlement Senior Housing Development Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grand Street Settlement Senior Housing Development Fund 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: $198,534
For more financial information, click here
Mission Statement of Grand Street Settlement Senior Housing Development Fund
Grand Street Settlement Senior Housing Development Fund is committed to providing affordable housing for low-income elderly individuals. With a focus on this demographic, the organization aims to offer them a safe and comfortable living space. This is achieved through the operation of a 75-unit apartment complex, which is funded under HUD Section 202 and HUD Section 8 programs. By providing these rental units, Grand Street Settlement Senior Housing Development Fund ensures that elderly individuals with limited income have access to decent housing. This mission is a significant contribution towards ensuring the well-being and dignity of this vulnerable population.
Impact
This information is meant to be a general summary of Grand Street Settlement Senior Housing Development Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Grand Street Settlement Senior Housing Development Fund's impact is significant in providing affordable housing for low-income elderly individuals in New York. Through rentals from a 75-unit apartment complex under HUD Section 202 and HUD Section 8, this organization ensures that elderly individuals with limited financial resources have access to safe and affordable housing. By fulfilling its mission of providing housing for low-income elderly individuals, Grand Street Settlement Senior Housing Development Fund plays a crucial role in addressing the housing needs of this vulnerable population.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,025,596
LAUNDRY & VENDING
Revenue
$1,062
Organization Details
Founding Year
2002
Phone
(212) 225-8093
Principal Officer
Patricia Brennan
Main Address
152 WEST 57TH STREET 18 FLOOR, NEW YORK, NY, 10019
NTEE Category
Code: L20 - Housing
If you are a representative of Grand Street Settlement Senior Housing Development Fund 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.