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Division Housing Corporation

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

EIN: 453615582 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Division Housing Corporation?

Division Housing Corporation is a Brooklyn, New York-based nonprofit organization dedicated to providing low-income rental housing. Operating at 60 Division Avenue, they manage a complex consisting of 534 residential units and two commercial spaces. Established on a nonprofit basis, they received municipal aid to own, rehabilitate, maintain, and manage this housing project. With a team of 26 employees, Division Housing Corporation continues its mission to accommodate individuals with low income in Brooklyn, NY.


Is Division Housing Corporation legitimate?

Division Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Division Housing 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: $1,950,817

For more financial information, click here


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

Mission Statement of Division Housing Corporation

Division Housing Corporation, a nonprofit organization, is dedicated to owning, rehabilitating, maintaining, and managing a municipally-aided housing project for individuals with low income. This project, located in Brooklyn, New York, consists of 534 residential units and two commercial spaces, serving as an essential source of affordable housing for the community.

The Division Housing Corporation's mission is to provide a safe and nurturing environment for its residents. By taking on this responsibility on a nonprofit basis, the organization demonstrates a strong commitment to improving the lives of those in need. The Corporation not only ensures the ongoing renovation and upkeep of the residential complex but also manages it efficiently, offering an affordable housing solution for its residents.

With a focus on providing housing for individuals with low income, the Division Housing Corporation plays a crucial role in the community. Its efforts to maintain and manage the project create a stable living environment that allows residents to focus on their personal growth and well-being. By offering affordable housing, the organization enables its residents to prioritize their financial resources on essential needs, rather than spending a significant portion of their income on housing expenses. This, in turn, contributes to the overall community development and stability.

Impact

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




Thursday, August 15, 2024

Division Housing Corporation's impact is significant in providing affordable housing solutions for low-income individuals in Brooklyn, NY. The organization owns, rehabilitates, maintains, and manages a municipally-aided housing project consisting of 534 residential units and two commercial spaces. By offering low-income rental housing, Division Housing Corporation addresses the critical need for affordable housing in the community, thereby improving the quality of life for many individuals and families facing economic challenges.





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: $43,685
  • Program Service Revenue: $16,574,894
  • Gross Receipts: $16,618,579

    • Assets and Liabilities:
  • Total Assets: $37,066,960
  • Total Liabilities: $33,647,839
  • Net Assets: $3,419,121
  • Programs

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

    REVENUE - RENTAL OPERATIONS

    Revenue

    $15,300,675

    INTEREST REDUCTION PAYMENTS REVEN

    Revenue

    $1,274,219

    Organization Details

    Founding Year

    2011

    Principal Officer

    Msgr Anthony Hernandez

    Main Address

    60 DIVISION AVENUE, BROOKLYN, NY, 11249

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Division Housing Corporation 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.