Travelers Rest Housing Development Fund Company Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Travelers Rest Housing Development Fund Company Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Travelers Rest Housing Development Fund Company Inc generated $146.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $199.2k during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES HOUSING SERVICES TO INDIGENT FAMILIES TO RELIEVE CONGESTION AND OVERCROWDING IN HOUSING AMONG THE POOR AND PROVIDES HOUSING OPPORTUNIITES FOR THE HOMELESS AND OTHER DISADVANTAGED PERSONS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pastor Ronne L Faison President | 10 | $0 | |
Mary Lopez Vice President | 10 | $0 | |
Racheal Oden Treasurer | 10 | $0 | |
Cathy Jackson Secretary | 10 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $146,305 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $146,305 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $15,532 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $183,643 |
| Total expenses | $199,175 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,056 |
| Other assets | $0 |
| Total assets | $389,979 |
| Total liabilities | $566,101 |
| Net assets or fund balances | -$176,122 |