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Forest Hills Mha Housing Development Fund Corporation

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

EIN: 823003388 ✦ Forest hills, NY ✦ Designated as a 501(c)(3)

Overview

What is Forest Hills Mha Housing Development Fund Corporation?

Forest Hills Mha Housing Development Fund Corporation is a nonprofit organization established in September 2017, under the New York Not-for-Profit Corporation Law and the Private Housing Finance Law of the State of New York. Its primary mission is to provide affordable housing for low-income individuals and families in Forest Hills, New York. This mission is fulfilled by owning, rehabilitating, and managing four buildings, housing a total of 430 units, which were transferred from the New York City Housing Authority with the consent of the U.S. Department of Housing and Urban Development (HUD) on January 1, 2018. The corporation manages and maintains the community facilities of these properties, ensuring that they continue to serve their intended purpose. The organization currently employs a staff of 12 individuals.


Is Forest Hills Mha Housing Development Fund Corporation legitimate?

Forest Hills Mha Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forest Hills Mha 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: $469,837

For more financial information, click here


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

Mission Statement of Forest Hills Mha Housing Development Fund Corporation

Forest Hills MHA Housing Development Fund Corporation, established in 2017, is a non-profit organization with a mission to provide housing for individuals and families of low income. This mission is carried out through the management and ownership of four properties located in Forest Hills, New York: 62-27 108th Street, 110-01 62nd Drive, 108-53 62nd Drive, and 108-25 62nd Drive. The organization not only provides housing but also manages the community facilities associated with these properties. Forest Hills MHA Housing Development Fund Corporation was incorporated under Section 402 of the New York Not-for-Profit Corporation Law and Article XI of the Private Housing Finance Law of the State of New York. In January 2018, the ownership of these buildings was transferred from the New York City Housing Authority with the consent of the U.S. Department of Housing and Urban Development (HUD).

Impact

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




Saturday, July 20, 2024

Forest Hills MHA Housing Development Fund Corporation's impact is clear: it provides essential housing for individuals and families of low income in Forest Hills, New York. By owning and managing properties that offer affordable housing options, Forest Hills MHA HDFC plays a vital role in combating homelessness and housing insecurity in the community. Their mission-driven approach ensures that those in need have a safe and stable place to call home, fostering a sense of security and belonging for vulnerable populations. This organization's dedication to providing affordable housing makes a significant difference in the lives of many individuals and families, offering them a chance for a better future.





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: $31,289
  • Program Service Revenue: $2,935,346
  • Gross Receipts: $3,328,132

    • Assets and Liabilities:
  • Total Assets: $19,149,788
  • Total Liabilities: $4,089,333
  • Net Assets: $15,060,455
  • Programs

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

    RENTAL INCOME

    Revenue

    $2,935,346

    Organization Details

    Founding Year

    2017

    Principal Officer

    Alfred Arroyo

    Main Address

    108-53 62ND DRIVE 12B, FOREST HILLS, NY, 11375

    NTEE Category

    Code: L20 - Housing

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