Southside United Housing Development Fund Corporation

Organization Overview

Southside United Housing Development Fund Corporation is located in Brooklyn, NY. The organization was established in 1973. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Southside United Housing Development Fund Corporation employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southside United Housing Development Fund Corporation 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 12/2021, Southside United Housing Development Fund Corporation generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOP AND PROVIDE HOUSING FOR PERSONS OF LOW INCOME.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY DEVELOPMENT WITH THE GROWING RATES OF DISPLACEMENTS AND GENTRIFICATION THE ORGANIZATION WAS ABLE TO CONTINUE TO PROVIDE HOUSING FACILITIES TO OVER 120 RESIDENTS IN THE COMMUNITY.COMMUNITY HOUSING RESOURCES THE AGENCY ORGANIZED APPROXIMATELY 600 TENANTS TO OBTAIN BETTER SERVICES FROM THEIR LANDLORDS.HOUSING MANAGEMENT THE ORGANIZATION MANAGES APPROXIMATELY 900 LOW-INCOME DWELLING UNITS TO APPROXIMATELY 900 FAMILIES.SOCIAL SERVICES- THE ORGANIZATION PROVIDED INFORMATION AND REFERRAL SERVICES, ADVOCACY, LOW-INCOME TAX HELP AND MONTHLY GROCERIES TO APPROXIMATELY 700 FAMILIES.


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Board, Officers & Key Employees

Name (title)Compensation
Juan Ramos
Executive Director
$130,000
Lenette Berrios
Finance Director
$115,327
David Lopez
Chairman
$0
Cassandra Acevedo
Secretary
$0
Ray Narvaez
Vice Chairman
$0
Israel Rosario
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$776
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,162,017
All other contributions, gifts, grants, and similar amounts not included above$132,030
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,294,823
Total Program Service Revenue$2,755,205
Investment income $1,417
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,443,874

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Southside United Housing Development Fund Corporation has recieved totaling $488,065.

Awarding OrganizationAmount
Hispanic Federation Inc

New York, NY

PURPOSE: Food Assistance Hunger Relief

$223,937
Communities Resist

Brooklyn, NY

PURPOSE: Educational & Counseling services

$136,623
Korean-American Community Foundation Inc

New York, NY

PURPOSE: Legal Services Advocacy in Queens

$127,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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