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Nelson Luquer Housing Development Fund Corporation

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

EIN: 464061174 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Nelson Luquer Housing Development Fund Corporation?

Nelson Luquer Housing Development Fund Corporation, based in Brooklyn, New York, is a nonprofit organization with a mission to provide affordable housing for low-income individuals. In 2014, they acquired and renovated five housing buildings in the area, increasing their portfolio to six buildings with a total of 44 units. These rehabilitated units are now rented out to eligible tenants, as per the regulations of New York's Private Housing Finance Law. The organization's work in Brooklyn continues to focus on offering quality housing solutions for those in need, contributing to the community's social fabric.


Official website here: www.none

Is Nelson Luquer Housing Development Fund Corporation legitimate?

Nelson Luquer Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nelson Luquer Housing Development Fund 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: $79,211

For more financial information, click here


Official website here: www.none

What is the mission statement of Nelson Luquer Housing Development Fund Corporation?

The Nelson Luquer Housing Development Fund Corporation was established with the objective of acquiring, rehabilitating, maintaining, and operating low-income housing buildings. These buildings, with a total of 44 units, are intended for individuals of low-income, as defined by Article XI of the Private Housing Finance Law. After acquiring six such buildings in Brooklyn, New York, in 2014, the corporation took over their operation with the continued purpose of rehabilitating and managing the rental units for eligible low-income occupants. The rehabilitation and weatherization project was completed in 2015.


Official website here: www.none

Who is the CEO of Nelson Luquer Housing Development Fund Corporation?

Vilma Heramia is the Vice President of Nelson Luquer Housing Development Fund Corporation.


Official website here: www.none

What is the revenue of Nelson Luquer Housing Development Fund Corporation?

Nelson Luquer Housing Development Fund Corporation's revenue in 2022 was $458,750.


Official website here: www.none

Who are the executives of Nelson Luquer Housing Development Fund Corporation and what are their salaries?

Here are 4 key members and their salaries:

    Vilma Heramia (Executive Director)
  • Compensation: $0
  • Related: $102,982
  • Other: $0

    • Benjamin M Levine (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Fiala (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cynthia Gonzalez (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.none

    Where can I find the form 990 for Nelson Luquer Housing Development Fund Corporation?

    The Nelson Luquer Housing Development Fund Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.none

    Learn more at the official website: www.none

    Mission Statement of Nelson Luquer Housing Development Fund Corporation

    Nelson Luquer Housing Development Fund Corporation, abbreviated as HDFC, was established with a mission to acquire, rehabilitate, maintain, and operate low-income housing buildings. The organization operates with a focus on providing housing units for individuals with low income, as defined by Article XI of the Private Housing Finance Law. In 2014, HDFC acquired and took over six low-income buildings, containing a total of 44 units, located in Brooklyn, New York. The corporation then proceeded to rehabilitate and weatherize these buildings, completing the project in 2015. The refurbished units were then made available for eligible low-income occupants, furthering HDFC's mission to provide affordable housing for those in need.

    Impact

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




    Wednesday, July 24, 2024

    Nelson Luquer Housing Development Fund Corporation has had a significant impact on the community by acquiring and rehabilitating five low-income housing buildings in Brooklyn. These buildings provide a total of 44 units rented to eligible tenants, offering much-needed affordable housing options in the area. The corporation's mission to maintain and operate these units for low-income individuals aligns with its goal of addressing housing affordability issues in the city. Through its work, Nelson Luquer HDFC contributes to creating stable and affordable housing opportunities for those in need, ultimately improving the quality of life for many residents in Brooklyn.





    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: $425,133
  • Gross Receipts: $458,750

    • Assets and Liabilities:
  • Total Assets: $2,607,114
  • Total Liabilities: $3,654,658
  • Net Assets: -$1,047,544
  • Programs

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

    RENTAL INCOME FOR LOW-

    Revenue

    $425,133

    Organization Details

    Founding Year

    2014

    Principal Officer

    Vilma Heramia

    Main Address

    201 COLUMBIA ST, BROOKLYN, NY, 11231

    Website

    www.none

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Nelson Luquer Housing Development Fund 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.