Scotia Committee Housing Development Fund Co Inc.
Scotia Committee Housing Development Fund Co Inc.
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About this organization
Revenue
$930,021
Expenses
$664,413
Mission
See form 990, page 2, part III, line 1a
About
The fund's primary program service is to provide HUD subsidized/low income housing to qualified tenants. In 2015, the fund commenced a multi-year rehabilitation project under which almost $3 million will be committed to the complete rehabilitation of the fund's housing project in Scotia. This project will include the rehabilitation of each apartment, the various common areas, and the replacement of the building elevators. As of December 31, 2018, approximately $1.4 million under this project had been expended. It is projected that approximately $350,000 will be expended in each of the next four years, with the completion of the project in late 2022.
Interesting data from their 2019 990 filing
The purpose of the non-profit is outlined in the filing as “Scotia committee housing development fund co, inc. was organized and incorporated under the new york state private housing finance law. in 1994, the fund acquired a 96 unit affordable senior housing project in scotia, new york. the project receives (continued on schedule o) (continued from form 990, part iii, line 1) housing assistance (hap) payments (or rental subsidies) pursuent to section 8 of the u.s. housing act of 1937, as amended. the fund has entered into a hap agreement with the u.s. department of housing and urban development (hud). under this contract, which will be subject to renegotiation in june 2020, the fund receives hud funded rent susidies to accommodate senior citizens age 62 and older and/or the disabled.”.
When discussing its operations, they were defined as: “See form 990, page 2, part iii, line 1a”.
- The state where the non-profit operates has been legally reported as NY.
- The filing indicates that the non-profit's address in 2019 is located at 201 FIFTH ST, SCOTIA, NY, 12302.
- The non-profit has reported 0 employees on their form as of 2019.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $265,608.
- The organization has 10 independent voting members.
- The organization was formed in 1994.
- The organization pays $207,484 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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