AI Summary
The FAC Homeownership Housing Development Fund Corporation is a nonprofit organization focused on housing rehabilitation and public housing, dedicated to owning and operating an apartment building for qualified low-income individuals in Brooklyn, New York. With an operating budget of $142.5K and total revenue of $154.6K for the filing year 2024, the organization appears to rely significantly on a single funder contributing $1.4M, which constitutes a substantial portion of its revenue.
Mission Statement
THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE AN APARTMENT BUILDING FOR QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN NEW YORK AREA.
Cause Areas
2
Public housing
Housing rehabilitation
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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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Funder
Total Funding
Funding Share
FIFTH AVENUE COMMITTEE INC
BROOKLYN, NY, US
$134.5K
9%
Frequently Asked Questions
What is FAC HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION’s budget?
In 2024, FAC HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION reported an annual operating budget of around $143 thousand. More detailed financial information is available to registered users.
What causes does FAC HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION support?
FAC HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION supports work in Public housing and Housing rehabilitation.
Where does FAC HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION operate?
FAC HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION is headquartered in Brooklyn, NY.
Who funded FAC HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION recently?
In 2024, FAC HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION received grants from FIFTH AVENUE COMMITTEE INC, FIFTH AVENUE COMMITTEE INC, and FIFTH AVENUE COMMITTEE INC. More information on this organization’s funders is available to registered users.
What is the largest grant FAC HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION received in 2024?
The largest grant to FAC HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION in 2024 exceeds $85 thousand.
What is FAC HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION’s reliance on government grants?
FAC HOMEOWNERSHIP HOUSING DEVELOPMENT FUND CORPORATION relied on government grants for more than 5% of their total revenue in 2024.