Overview

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Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

VIP RJP Housing Development Fund Corporation is a nonprofit organization dedicated to providing low-income housing for homeless families in New York. With an operating budget of $585.8K and total revenue of $403.5K for the 2024 filing year, the organization primarily funds its activities through rental income from residents, while partnering with Vocational Instruction Project Community Services Inc. to offer essential social services. The organization is committed to maintaining its housing facilities and dedicates over 65% of its time to program services for residents.

Mission Statement

THE ORGANIZATION'S PRIMARY ACTIVITY IS PROVIDING LOW INCOME HOUSING TO HOMELESS FAMILIES OF NEW YORK STATE AND OPERATION OF A BUILDING FUNDED BY LOW INCOME HOUSING TAX CREDITS. THE ORGANIZATION MAINTAINS THE HOUSING FACILITIES WHILE PARTNERING WITH VOCATIONAL INSTRUCTION PROJECT COMMUNITY SERVICES INC., AN IRS RECOGNIZED 501(C)(3), TO PROVIDE SOCIAL SERVICES TO THE FAMILIES. ABOVE 65% OF TIME WILL BE DEDICATED TO PROVIDED PROGRAM SERVICES TO THE RESIDENTS. THE ACTIVITIES ARE FUNDED BY RENTAL INCOME FROM RESIDENTS.
Revenues
$403.5K
Expenses
$585.8K
Net Income:
-$182.3K
Assets
$4.1M
Liabilities
$4.4M
Net Assets:
-$300.5K
Operating Budget
$585.8K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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F
Frank Kploanyi
Board Member
J
John P Nero
Board Member
J
Jodi Sturgeon
Board Member

Frequently Asked Questions

What is VIP RJP HOUSING DEVELOPMENT FUND CORPORATION’s budget?
In 2024, VIP RJP HOUSING DEVELOPMENT FUND CORPORATION reported an annual operating budget of around $586 thousand. More detailed financial information is available to registered users.
What causes does VIP RJP HOUSING DEVELOPMENT FUND CORPORATION support?
VIP RJP HOUSING DEVELOPMENT FUND CORPORATION supports work in Housing development.
Where does VIP RJP HOUSING DEVELOPMENT FUND CORPORATION operate?
VIP RJP HOUSING DEVELOPMENT FUND CORPORATION is headquartered in BRONX, NY.