Overview

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Est.

2013

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Meadow Lane Housing Development Fund Company Inc is a nonprofit organization focused on providing a 32-unit senior housing facility for low-income elderly persons in New Rochelle, NY. With an operating budget of $762.2K and total revenue of $585.3K for the 2024 filing year, the organization is primarily dedicated to public and retirement housing. Notably, it relies on an undisclosed funder that contributes $4.2 million, indicating a significant dependence on a single funding source.

Mission Statement

PROVIDE A 32-UNIT SENIOR HOUSING FACILITY FOR LOW-INCOME ELDERLY PERSONS IN NEW ROCHELLE, NY.
Revenues
$585.3K
Expenses
$762.2K
Net Income:
-$176.9K
Assets
$7M
Liabilities
$5.8M
Net Assets:
+$1.2M
Operating Budget
$762.2K
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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Total No. of Grants
1
Median grant size
$42.6K
Largest grant received
$42.6K
M
Malcolm Lazarus
Board Member
M
Mark Hartman
Board Member
A
Anthony Nardozzi
Board Member

Frequently Asked Questions

What is MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC’s budget?
In 2024, MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC reported an annual operating budget of around $762 thousand. More detailed financial information is available to registered users.
What causes does MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC support?
MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC supports work in Public housing and Retirement housing.
Where does MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC operate?
MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC is headquartered in New Rochelle, NY.
Who funded MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC recently?
In 2017, MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC received grants from UGC FOUNDATION INC, UGC FOUNDATION INC, and UGC FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC received in 2017?
The largest grant to MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC in 2017 exceeds $43 thousand.
What is MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC’s reliance on government grants?
MEADOW LANE HOUSING DEVELOPMENT FUND COMPANY INC relied on government grants for more than 65% of their total revenue in 2024.