Bsdc Neighborhood Homes Housing Development Fund Corporation
- Assets
- $1.5m
- Revenue
- $256.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 11-3440915
Organization Overview
Bsdc Neighborhood Homes Housing Development Fund Corporation is located in Brooklyn, NY. The organization was established in 1999. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Bsdc Neighborhood Homes 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BSDC NEIGHBORHOOD HOMES HDFC'S PRIMARY MISSION IS TWOFOLD: (1) DEVELOPING AND UPGRADING HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN THE BEDFORD STUYVESANT AREA; AND (2) ENCOURAGING THE NEIGHBORHOOD STABILITY AND INFRASTRUCTURE DEVELOPMENT BY TAKING A LEADERSHIP ROLE IN HOUSING DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEIGHBORHOOD HOMES PROGRAM IS DESIGNED TO DEVELOP PROPOSALS AND IDENTIFY SITES FOR AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME RESIDENTS OF BROOKLYN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Odom Jr Chairman | OfficerTrustee | 1 | $0 |
Phyllis White-Thorne Vice Chair | OfficerTrustee | 1 | $0 |
Abitzel Robitson-Hobson Treasurer | OfficerTrustee | 1 | $0 |
Valerie Kenderick-Cousin Secretary | OfficerTrustee | 1 | $0 |
Drexel Harris Member | Trustee | 1 | $0 |
Niles Dante Stewart Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,593 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,593 |
| Total Program Service Revenue | $44,068 |
| Investment income | $4,265 |
| 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 | $256,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,921 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,709 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $130 |
| Payments to affiliates | $271,020 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $594,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,070 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,036,003 |
| Total assets | $1,494,073 |
| Accounts payable and accrued expenses | $2,100 |
| Grants payable | $0 |
| Deferred revenue | $169,407 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $182,158 |
| Total liabilities | $353,665 |
| Net assets without donor restrictions | $1,140,408 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,494,073 |