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90 Sands Housing Development Fund Corporation

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

EIN: 831511962 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is 90 Sands Housing Development Fund Corporation?

90 Sands Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 505 Eighth Avenue, 5th Floor. Their primary mission is to operate a housing project, offering supportive accommodations for formerly homeless young adults and low-income single adults. The building, standing at 29 stories tall, houses 305 studio units for the former group and 202 residential units for income-bridged families, with incomes ranging from 30% to 100% of the area median income (AMI). On-site social services are available, including personalized case management, primary medical care, mental health services, vocational guidance, and benefits counseling. The ground floor and cellar spaces of the building are intended for community facilities and manufacturing tenants.


Official website here: www.breakingground.org

Is 90 Sands Housing Development Fund Corporation legitimate?

90 Sands Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 90 Sands 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: $603,064

For more financial information, click here


Official website here: www.breakingground.org

What is the mission statement of 90 Sands Housing Development Fund Corporation?

The 90 Sands Housing Development Fund Corporation operates a housing project with the primary objective of benefiting formerly homeless young adults. This organization provides eligible young adults, who were formerly homeless and have low income, with housing, job training, and employment services. The mission of 90 Sands encompasses operating a 29-story building that houses 305 studio units of supportive housing for adults with chronic mental illness and 202 units for low- and moderate-income households. The on-site social services offered include individualized case management, primary medical care, mental health services, vocational guidance, and benefits counseling.


Official website here: www.breakingground.org

Who is the CEO of 90 Sands Housing Development Fund Corporation?

Brenda Rosen is the President And Ceo of 90 Sands Housing Development Fund Corporation. The CEO's salary of 90 Sands Housing Development Fund Corporation is $0 and their total compensation is $600,372.


Official website here: www.breakingground.org

What is the revenue of 90 Sands Housing Development Fund Corporation?

90 Sands Housing Development Fund Corporation's revenue in 2022 was $1,094,025.


Official website here: www.breakingground.org

Who are the executives of 90 Sands Housing Development Fund Corporation and what are their salaries?

Here are 5 key members and their salaries (90 Sands Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $600,372):

    Brenda Rosen (President And Ceo) [Trustee/Director]
  • Compensation: $0
  • Related: $587,598
  • Other: $12,774

    • Kevin Moran (Chief Financial Officer)
  • Compensation: $0
  • Related: $338,301
  • Other: $43,787

    • David Beer (Chairman & Vp) [Trustee/Director]
  • Compensation: $0
  • Related: $306,168
  • Other: $43,943

    • Toby Sherman (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $256,279
  • Other: $19,123

    • Ben Stacks (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.breakingground.org

    Where can I find the form 990 for 90 Sands Housing Development Fund Corporation?

    The 90 Sands Housing Development Fund Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.breakingground.org

    Learn more at the official website: www.breakingground.org

    Mission Statement of 90 Sands Housing Development Fund Corporation

    90 Sands Housing Development Fund Corporation is dedicated to operating a housing project that benefits formerly homeless young adults. Their mission involves providing more than just a place to live; they offer eligible young adults, who have experienced homelessness and fall into the low-income bracket, access to job training and employment services. The organization's 29-story building, located at 90 Sands Street, includes 305 studio units of supportive housing for adults struggling with chronic mental illness, as well as 202 units for low- and moderate-income households.

    On-site social services are a significant aspect of 90 Sands' mission. These services include individualized case management, primary medical care, mental health services, vocational guidance, and benefits counseling. By offering these comprehensive services, the nonprofit aims to support its residents in overcoming their challenges and reintegrating into society. The building also includes community facilities and manufacturing tenants on the ground floor and cellar spaces, contributing to the overall well-being and self-sufficiency of its residents.

    Impact

    This information is meant to be a general summary of 90 Sands 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

    90 Sands Housing Development Fund Corporation's impact lies in providing crucial support and housing for formerly homeless young adults in New York City. The organization operates a housing project that offers a stable living environment, access to job training, and employment services to eligible individuals. The 29-story building at 90 Sands Street accommodates 305 studio units of supportive housing for formerly homeless adults with chronic mental illness, as well as 202 units for low- and moderate-income households. On-site social services include individualized case management, primary medical care, mental health services, vocational guidance, and benefits counseling. By addressing the housing needs of vulnerable populations and providing essential support services, 90 Sands is making a tangible difference in the lives of those it serves.





    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: $1,094,025
  • Gross Receipts: $1,094,025

    • Assets and Liabilities:
  • Total Assets: $245,808,774
  • Total Liabilities: $272,423,229
  • Net Assets: -$26,614,455
  • Programs

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

    LOW INCOME HOUSING RENTAL INCOME

    Revenue

    $650,142

    TENANT HOUSING (GOV'T CONTRACTS)

    Revenue

    $443,883

    Organization Details

    Founding Year

    2018

    Principal Officer

    Brenda Rosen

    Main Address

    505 EIGHTH AVENUE 5TH FLOOR, NEW YORK, NY, 10018

    NTEE Category

    Code: L20 - Housing

    If you are a representative of 90 Sands 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.