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Meadow Lane Housing Development Fund Company Inc

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

EIN: 463825709 ✦ New rochelle, NY ✦ Designated as a 501(c)(3)

Overview

What is Meadow Lane Housing Development Fund Company Inc?

Meadow Lane Housing Development Fund Company Inc, based in New Rochelle, New York, is a nonprofit organization with a mission to provide housing facilities and services for low-income elderly and disabled individuals. Under Section 202 of the National Housing Act, they operate a 32-unit senior housing facility, offering a safe and suitable living environment that caters to their physical, social, and psychological needs. The company's purpose is to promote the health, security, happiness, and usefulness of its residents, operating on a nonprofit basis to ensure affordable charges.


Is Meadow Lane Housing Development Fund Company Inc legitimate?

Meadow Lane Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meadow Lane Housing Development Fund Company 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: $0

For more financial information, click here


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

Mission Statement of Meadow Lane Housing Development Fund Company Inc

Meadow Lane Housing Development Fund Company Inc, as a nonprofit organization, is dedicated to the development, ownership, and operation of a 32-unit senior housing facility. Their primary mission is to provide affordable housing for low-income elderly individuals, addressing their physical, social, and psychological needs. The company aims to promote the health, security, happiness, and usefulness of its residents in their later years by offering housing facilities and services specifically designed to cater to their unique needs. The costs for these facilities and services are maintained on a nonprofit basis, ensuring affordability for the residents.

Impact

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




Wednesday, July 24, 2024

Meadow Lane Housing Development Fund Company Inc's impact can be seen in the provision of a 32-unit senior housing facility for low-income elderly individuals in New Rochelle, NY. By owning and operating this housing project under Section 202 of the National Housing Act, Meadow Lane is directly addressing the housing needs of this vulnerable population. Their mission to develop, own, and operate housing projects for low-income individuals, especially focusing on the elderly and disabled, demonstrates a commitment to ensuring access to housing that meets their specific physical, social, and psychological needs. Through this initiative, Meadow Lane is promoting the health, security, happiness, and overall wellbeing of the residents, ultimately contributing to their longevity and 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 2022.

  • Investment Income: $190
  • Program Service Revenue: $161,862
  • Gross Receipts: $501,931

    • Assets and Liabilities:
  • Total Assets: $7,328,395
  • Total Liabilities: $5,756,581
  • Net Assets: $1,571,814
  • Programs

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

    RENTAL INCOME

    Revenue

    $161,862

    Organization Details

    Founding Year

    2013

    Principal Officer

    Rita C Mabli

    Main Address

    391 PELHAM ROAD, NEW ROCHELLE, NY, 10805

    NTEE Category

    Code: L22 - Housing

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