Concorse Gardens Housing Development Fund Company Inc

Organization Overview

Concorse Gardens Housing Development Fund Company Inc is located in New York, NY. The organization was established in 1993. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Concorse Gardens Housing Development Fund Company Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concorse Gardens Housing Development Fund Company Inc 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 06/2021, Concorse Gardens Housing Development Fund Company Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 6 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

PROVIDES 119 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS. LOCATED AT ECHO PLACE OFF THE GRAND CONCOURSE IN THE BRONX, IT OFFERS SOCIAL AND RECREATIONAL SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES 119 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,093
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$3,093
Total Program Service Revenue$1,907,314
Investment income $138
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 $1,915,994

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