Timpson Housing Development Fund Corporation

Organization Overview

Timpson Housing Development Fund Corporation is located in Bronx, NY. The organization was established in 1991. 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 12/2021, Timpson Housing Development Fund Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Timpson 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, Timpson Housing Development Fund Corporation generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 0.1% 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

THE COMPANY OPERATES LOW INCOME HOUSING PROJECTS IN THE SOUTH BRONX. IN ADDITION THE COMPANY PROVIDES SOCIAL SERVICES FOR THE TENANTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COMPANY OPERATES LOW INCOME HOUSING IN THE SOUTH BROXN. THE COMPANY ALSO PROVIDES SOCIAL SERVICES FOR THE TENANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Jason Boroff
Director
$9,425
Salvatore Gigante
Secretary/co
$0
Carmen Reyes
Treasurer
$0
Enrico Boccia
Chair
$0
Latoya Allen
Vice Preside
$0
FR Louis R Gigante
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $45,394
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$45,394
Total Program Service Revenue$2,498,024
Investment income $5,401
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 $2,548,819

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