AI Summary
FAC Preservation Housing Development Fund Corporation is a nonprofit organization focused on public housing and housing development in Brooklyn, New York. With an operating budget of $608,000 and total revenue of $570.7 million for the 2024 filing year, the organization aims to own and operate five apartment buildings for qualified low-income individuals. It appears to rely significantly on a single funder, which contributes $1 million, accounting for a substantial portion of its revenue.
Mission Statement
THE MISSION OF THE ORGANIZATION IS TO OWN AND OPERATE FIVE APARTMENT BUILDINGS TO QUALIFIED LOW INCOME INDIVIDUALS IN THE BROOKLYN, NEW YORK AREA.
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
Not in Pub 78 list
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
$1M
9%
Frequently Asked Questions
What is FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION’s budget?
In 2024, FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION reported an annual operating budget of around $608 thousand. More detailed financial information is available to registered users.
What causes does FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION support?
FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION supports work in Public housing and Housing development.
Where does FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION operate?
FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION is headquartered in Brooklyn, NY.
Who funded FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION recently?
In 2024, FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION received grants from 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 PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION received in 2024?
The largest grant to FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION in 2024 exceeds $48 thousand.
What is FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION’s reliance on government grants?
FAC PRESERVATION HOUSING DEVELOPMENT FUND CORPORATION relied on government grants for more than 15% of their total revenue in 2024.