PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP
AI Summary
Preserving City Neighborhoods Housing Development Fund Corp is a nonprofit organization dedicated to creating and preserving affordable housing projects for low and moderate-income individuals, primarily focusing on New York City. With an operating budget of $651.5K and total revenue of $1.1M for the 2024 filing year, the organization actively works to prevent blight and stabilize communities. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission.
Mission Statement
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PERSERVING AND CREATING, ON A NON-PROFIT BASIS, HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME. IN ADDITION TO PROMOTING AFFORDABLE HOUSING OPPORTUNITIES, IT SEEKS TO PREVENT AND ELIMINATE BLIGHT AND FOSTER THE STABLIZATION OF COMMUNITIES THROUGHOUT NEW YORK CITY.
Cause Areas
2
Public housing
Housing development
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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
LOCAL INITIATIVES SUPPORT CORPORATION
New York, NY, US
$2.2M
2%
The New York Community Trust
New York, NY, US
$200K
< 1%
Frequently Asked Questions
What is PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP’s budget?
In 2024, PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP reported an annual operating budget of around $652 thousand. More detailed financial information is available to registered users.
What causes does PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP support?
PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP supports work in Public housing and Housing development.
Where does PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP operate?
PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP is headquartered in New York, NY.
Who funded PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP recently?
In 2024, PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP received grants from The New York Community Trust and LOCAL INITIATIVES SUPPORT CORPORATION. More information on this organization’s funders is available to registered users.
What is the largest grant PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP received in 2024?
The largest grant to PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP in 2024 exceeds $200 thousand.
What is PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP’s reliance on government grants?
PRESERVING CITY NEIGHBORHOODS HOUSING DEVELOPMENT FUND CORP relied on government grants for more than 35% of their total revenue in 2024.