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MOTHER OF DIVINE GRACE HOUSING DEVELOPMENT FUND COMPANY INC
LACKAWANNA, NY · EIN 161363895 · Form 990EZ · FY2024 · NTEE X20 · Religion-Related · Small ($100K-$1M)
revenue
$112K
expenses
$86K
net assets
$-17K
employees
—
mission · from form 990

MOTHER OF DIVINE GRACE HOUSING DEVELOPMENT FUND COMPANY, INC. WAS DEVELOPED AND OPERATES WITH FEDERAL HOUSING FINANCING. THE PROPERTY UTILIZES THE FEDERAL HOUSING PROGRAM 202 SECTION 8 TO MAKE RENT AFFORDABLE TO LOWER INCOME TENANTS. THE PROPERTY WAS DEVELOPED WITH FUNDING THROUGH THE HUD 202 SECTION 8 PROGRAM, WHICH PROVIDES FUNDING FOR ADULTS WHO ARE DISABLED OR 62 OR OLDER. MOTHER OF GRACE IS AN AFFORDABLE APARTMENT COMMUNITY LOCATED AT 289 CROSBY BLVD., AMHERST, NEW YORK, 14226, WHICH IS IN ERIE COUNTY. THE PROPERTY CONSISTS OF 10 ASSISTED RENTAL UNITS.

profile · synthesized from sources

Mother of Divine Grace Housing Development Fund Company Inc. operates affordable housing for low-income seniors and disabled adults in Amherst, New York. The property consists of 10 rental units funded through the HUD 202 Section 8 program, which supports elderly and disabled tenants by subsidizing rent. The organization is based in Erie County and serves a local population through federally supported housing.

named programs · 1 · from sources

What they call their work

Mother of Grace Affordable Apartments
Provides 10 units of affordable assisted rental housing for low-income seniors (62+) and disabled adults in Amherst, NY, using HUD 202 Section 8 funding to keep rent affordable
activities · 1 group

What they do

  • HUD Section 202 Senior Housing 1 activity
    • Operate affordable housing property for elderly and disabled individuals
      Manages an affordable housing property with 10 rental units for low-income tenants who are aged 62 and older or have disabilities, funded through the HUD 202 Section 8 program.
financials · form 990EZ · fy2024
revenue
Total revenue$112K
Contributions & grants——
Program service revenue$111K100%
Investment income$3690%
Other revenue—
expenses
Total expenses$86K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits—
Grants paid out—
balance sheet
Total assets$206K
Cash—
Investments—
Liabilities—
Net assets$-17K
4 years on record · 2020–2024 · YoY revenue +4.9%
relationships · 1

Who they work with

  • U.S. Department of Housing and Urban Development (HUD) Government — Funded the development and operation of the property through the HUD 202 Section 8 program.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Subsidized Affordable Housing for Vulnerable Populations
    methodology: subsidized_affordable_housing
    By leveraging federal HUD 202 Section 8 funding, the organization provides affordable rental housing to low-income elderly or disabled individuals, because access to stable, subsidized housing improves health and financial outcomes for these vulnerable groups.