793-97 Garden Street Housing Development Fund Corporation
- Assets
- $1.6m
- Revenue
- $916.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Bronx, NY
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 13-3911982
Organization Overview
793-97 Garden Street Housing Development Fund Corporation is located in Bronx, NY. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 793-97 Garden 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 12/2022, 793-97 Garden Street Housing Development Fund Corporation generated $916.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $999.6k during the year ending 12/2022. While expenses have increased by 5.7% per year over the past 8 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
TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES IN THE BRONX, NY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A BUILDING THAT CONTAINS 86 RESIDENTIAL APARTMENTS FOR LOW-INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph P Muriana President | OfficerTrustee | 0.5 | $0 |
Vanessa Lanier Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shaker Construction Corporation Construction | 6/29/18 | $135,000 |
F&f Electrical Corporation Electrician | 6/29/18 | $142,475 |
Mani Renovations Construction | 6/29/18 | $103,894 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $906,512 |
| Investment income | $356 |
| 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 | $916,423 |
| 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 | $34,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,463 |
| Payroll taxes | $2,963 |
| Fees for services: Management | $70,654 |
| Fees for services: Legal | $3,386 |
| Fees for services: Accounting | $13,637 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,479 |
| Advertising and promotion | $0 |
| Office expenses | $40,884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $545,739 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,610 |
| Insurance | $86,091 |
| All other expenses | $0 |
| Total functional expenses | $999,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,700 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,662 |
| 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 | $71,698 |
| Net Land, buildings, and equipment | $1,098,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $221,689 |
| Total assets | $1,573,776 |
| Accounts payable and accrued expenses | $112,359 |
| Grants payable | $0 |
| Deferred revenue | $5,299 |
| 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 | $709,274 |
| Other liabilities | $52,588 |
| Total liabilities | $879,520 |
| Net assets without donor restrictions | $694,256 |
| 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 | $1,573,776 |