760-770 East Tremont Avenue Housing Development Fund Corporation is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, 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. 760-770 East Tremont Avenue 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 09/2023, 760-770 East Tremont Avenue Housing Development Fund Corporation generated $161.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (32.5%) each year. All expenses for the organization totaled $201.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL REVENUE AND EXPENSES RELATE SOLELY TO THE LEASES WITH THE COMMERCIAL TENANTS. ALL RESIDENTIAL HOUSING WAS DISCONTINUED AT 12/31/2015. THE PROPERTY IS NOT DEBT-FINANCED UNDER INTERNAL REVENUE CODE SECTION 514(B).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Adam Weinstein President/ceo | 1 | $0 | |
James Robert Pigott Jr Vice President And Secretary | 1 | $0 | |
Brian Bricker Treasurer | 1 | $0 | |
Justin Ginsburgh Director | 1 | $0 | |
Matthew Kelly Vice President And Secretary | 1 | $0 | |
Michael Wadman Vice President And Secretary | 1 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $16 |
Dividends & Interest | $0 |
Net Rental Income | -$37,891 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $161,047 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $0 |
Occupancy | $193,896 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $1,399 |
Total operating and administrative expenses | $201,615 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $201,615 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $0 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |