431 Herkimer Street Housing Development Fund Company Inc

Organization Overview

431 Herkimer Street Housing Development Fund Company Inc is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (L24) the organization is classified as: Independent Housing for People with Disabilities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 431 Herkimer Street Housing Development Fund Company Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE HOUSING TO PERSONS WITH CHRONIC MENTAL DISABILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION'S SPONSOR AND SOLE OWNER, THE BRIDGE, INC., ENTERED INTO A DEVELOPMENT AGREEMENT WITH HERKIMER STREET RESIDENCE, L.P. TO DEVELOP THE HERKIMER STREET PROJECT LOCATED IN BROOKLYN, NEW YORK. THE AGREEMENT WAS FINANCED AND IS BEING PAID BY THE PROCEEDS OF A LOAN, TO HERKIMER L.P. BY A BANK IN ADDITION TO AN EQUITY INVESTMENT FROM THE SALE OF LOW INCOME HOUSING CREDITS. THE PROJECT WAS COMPLETED AUGUST 2015.


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Board, Officers & Key Employees

Name (title)Compensation
Cynthia C Wainwright
President
$0
Carol Buckler
Secretary
$0
Albert E Mayas
Treasurer
$0
Susan Wiviott
CEO
$0
Ezra Miller
CFO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $0

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