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Acacia Real Estate Development Inc C/O Office Of Legal Affairs

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

EIN: 823595330 ✦ Bronx, NY ✦ Designated as a 501(c)(3)

Overview

What is Acacia Real Estate Development Inc C/O Office Of Legal Affairs?

Acacia Real Estate Development Inc C/O Office of Legal Affairs is a nonprofit organization situated in the Bronx, New York, specifically at 300 East 175th Street. Their primary mission is centered around community and economic development, with a focus on providing affordable housing for low-income individuals and families. To achieve this objective, they undertake various activities, such as construction, securing financing, obtaining federal, state, or local tax credits, acquiring necessary governmental approvals and commitments, providing property management and leasing services, and entering into joint ventures with third parties. Their work aims to improve living conditions and contribute to the overall development of the community.


Is Acacia Real Estate Development Inc C/O Office Of Legal Affairs legitimate?

Acacia Real Estate Development Inc C/O Office Of Legal Affairs is a legitimate nonprofit organization registered as a 501(c)(3) entity. Acacia Real Estate Development Inc C/O Office Of Legal Affairs 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: $64,619

For more financial information, click here


What is the mission statement of Acacia Real Estate Development Inc C/O Office Of Legal Affairs?
Who is the CEO of Acacia Real Estate Development Inc C/O Office Of Legal Affairs?
What is the revenue of Acacia Real Estate Development Inc C/O Office Of Legal Affairs?
Who are the executives of Acacia Real Estate Development Inc C/O Office Of Legal Affairs and what are their salaries?
Where can I find the form 990 for Acacia Real Estate Development Inc C/O Office Of Legal Affairs?

Mission Statement of Acacia Real Estate Development Inc C/O Office Of Legal Affairs

Acacia Real Estate Development Inc C/O Office of Legal Affairs is dedicated to engaging in community and economic development activities. Their primary focus is on developing housing accommodations for individuals and families of low income. This mission is accomplished through various undertakings, such as construction, securing financing, obtaining equity funding, and securing governmental approvals and commitments. Furthermore, the organization also manages and leases the developed properties, and enters into joint ventures with third parties to facilitate the development process. In essence, Acacia Real Estate Development Inc C/O Office of Legal Affairs works tirelessly to provide affordable housing solutions and contribute to the overall improvement of their community.

Impact

This information is meant to be a general summary of Acacia Real Estate Development Inc C/O Office Of Legal Affairs. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Acacia Real Estate Development Inc C/O Office Of Legal Affairs has a significant impact on the community and economic development in the Bronx, NY, by providing housing accommodations for persons and families of low income. Through its activities, such as construction, securing financing, obtaining equity funding, and property management, Acacia Real Estate Development Inc plays a crucial role in addressing the housing needs of the low-income population in the area. The organization's focus on developing affordable housing contributes to creating a more sustainable and inclusive community for individuals and families in need.





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: $1,182,964
  • Gross Receipts: $1,182,964

    • Assets and Liabilities:
  • Total Assets: $2,799,721
  • Total Liabilities: $977,225
  • Net Assets: $1,822,496
  • Programs

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

    INVEST EARNINGS FROM INTEREST IN HOUSING DEVELOPER

    Revenue

    $1,182,964

    Organization Details

    Founding Year

    2017

    Principal Officer

    Lymaris Albors

    Main Address

    300 East 175th Street, Bronx, NY, 10457

    NTEE Category

    Code: L20 - Housing

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