334-336 Bergen Street Housing Development Fund Corporation
- Assets
- $1.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 07/1989
- Data as of
- 06/2022
- EIN
- 13-3460251
Organization Overview
334-336 Bergen Street Housing Development Fund Corporation is located in New York, NY. The organization was established in 1989. 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. As of 06/2022, 334-336 Bergen Street Housing Development Fund Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 334-336 Bergen Street 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 06/2022, 334-336 Bergen Street Housing Development Fund Corporation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 4.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE & LEASE LOW-INCOME, SUPPORTIVE HOUSING FOR MENTALLY ILL & CHRONICALLY HOMELESS PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SUPPORTIVE HOUSING PROGRAMS FOR MENTALLY ILL RESIDENTS IN BROOKLYN, NEW YORK- INCLUDES 58 RESIDENTIAL UNITS. SERVICES INCLUDE INDIVIDUAL ADVOCACY, COUNSELING, FINANCIAL AWARENESS, AND SELF SUSTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Saueracker Board Vice Chair | OfficerTrustee | 0.1 | $0 |
Robin Robin Board Treasurer | OfficerTrustee | 0.1 | $0 |
Dave Dominick Reid Board Secretary | OfficerTrustee | 0.1 | $0 |
Raquel Rojas Board Director (resigned 12/21) | Trustee | 0.1 | $0 |
Steven Jones Board Director | Trustee | 0.1 | $0 |
Peter Labeberg Board Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,007,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,007,248 |
| Total Program Service Revenue | $433,872 |
| Investment income | $0 |
| 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 | $1,441,120 |
| 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 | $533,190 |
| Pension plan accruals and contributions | $25,387 |
| Other employee benefits | $82,566 |
| Payroll taxes | $39,683 |
| Fees for services: Management | $160,605 |
| Fees for services: Legal | $3,502 |
| Fees for services: Accounting | $1,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $193,559 |
| Advertising and promotion | $0 |
| Office expenses | $66,378 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,018 |
| Travel | $2,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,275 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,666 |
| Insurance | $5,822 |
| All other expenses | $6,720 |
| Total functional expenses | $1,374,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $317,308 |
| 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 | $2,223 |
| Net Land, buildings, and equipment | $715,132 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,906 |
| Total assets | $1,172,574 |
| Accounts payable and accrued expenses | $90,300 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $19,706 |
| Total liabilities | $110,006 |
| Net assets without donor restrictions | $1,062,568 |
| 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 | $1,172,574 |