Hudson River Housing
- Assets
- $27.3m
- Revenue
- $16.7m
- Investments
- $4.5m
- Employees
- 277
- Location
- Poughkeepsie, NY
- Founding
- 07/1983
- Data as of
- 12/2020
- EIN
- 22-2456648
Organization Overview
Hudson River Housing is located in Poughkeepsie, NY. The organization was established in 1983. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Hudson River Housing employed 277 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson River Housing 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 12/2020, Hudson River Housing generated $16.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $15.1m during the year ending 12/2020. While expenses have increased by 8.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING AND SERVICES TO QUALIFIED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEBSTER HOUSE - PROVIDES EMERGENCY OVERNIGHT SHELTER FOR RESIDENTS OF DUTCHESS COUNTY.
RIVERHAVEN- PROVIDES COUNSELING FOR RUNAWAY YOUTHS. THE PROGRAM ALSO OPERATES AN EMERGENCY SHELTER AND TRANSITIONAL LIVING PROGRAM.
HILLCREST - PROVIDES HOUSING FOR QUALIFIED INDIVIDUALS. THIS PROGRAM CONSISTS OF A 56 UNIT LOW RENT HOUSING PROJECT.
PROGRAM EXPENSES HUDSON RIVER LODGING - 2,581,397 REAL ESTATE DEVELOPMENT AND MANAGEMENT - 4,142,125 MAYBROOK - 350,788 PERMANENT HOUSING - 963,555 NPC - 89,947 NEIGHBORWORKS - 435,431 FISH STREET - 56,414 HARLOW PROPERTIES - 124,537 GARDEN STREET - 108,203 TOTAL OTHER PROGRAM EXPENSES - 8,852,397 GRANT EXPENSES REAL ESTATE DEVELOPMENT AND MANAGEMENT - 401,334 TOTAL GRANT EXPENSES - 401,334 PROGRAM REVENUES HUDSON RIVER LODGING - 2,483,530 REAL ESTATE DEVELOPMENT AND MANAGEMENT - 5,976,421 MAYBROOK - 442,381 PERMANENT HOUSING - 933,634 NPC - 89,947 NEIGHBORWORKS - 560,432 FISH STREET - 29,084 HARLOW PROPERTIES - 63,199 GARDEN STREET - 22,022 TOTAL OTHER PROGRAM REVENUES - 7,790,695
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christa Hines Executive Di | 45 | $148,674 | |
Susan Fortunato President | OfficerTrustee | 3 | $0 |
Roderick Macleod Treasurer | OfficerTrustee | 3 | $0 |
Emily Dozier Vice Preside | OfficerTrustee | 3 | $0 |
Thomas Pape Secretary | Officer | 3 | $0 |
Jeff Kosmacher Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fallkill Commons Lp Landlord | 12/30/20 | $332,531 |
Siegrist Construction Construction | 12/30/20 | $556,182 |
Maple Street Prop Llc Landlord | 12/30/20 | $178,416 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,092,351 |
| Investment income | $503,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $75,709 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,670,773 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $6,301,842 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,744,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $322,597 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,176 |
| Office expenses | $292,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,603 |
| Travel | $7,111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,653 |
| Interest | $208,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $826,528 |
| Insurance | $395,576 |
| All other expenses | $0 |
| Total functional expenses | $15,118,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $779,651 |
| Savings and temporary cash investments | $127,530 |
| Pledges and grants receivable | $2,709,563 |
| Accounts receivable, net | $770,368 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,526,907 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $323,140 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,541,646 |
| Investments—program-related | $0 |
| Intangible assets | $25,396 |
| Other assets | $1,655,075 |
| Total assets | $27,296,400 |
| Accounts payable and accrued expenses | $664,125 |
| Grants payable | $0 |
| Deferred revenue | $1,048,070 |
| 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 | $9,451,796 |
| Unsecured mortgages and notes payable | $200,000 |
| Other liabilities | $852,545 |
| Total liabilities | $12,216,536 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $15,079,864 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hudson River Housing has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Williams Family Foundation Poughkeepsie, NY PURPOSE: GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Chinese Presbyterian Community Affairs Home Attendant C New York, NY | $26,741,134 | $40,973,137 |
Corporation For Supportive Housing New York, NY | $191,922,281 | $44,983,722 |
Community Options New York Inc Princeton, NJ | $30,057,554 | $34,330,215 |
Lantern Community Services Inc New York, NY | $8,603,902 | $30,172,757 |
Pathstone Corporation Rochester, NY | $88,645,469 | $21,347,590 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Cambridge Affordable Housing Corporation Cambridge, MA | $128,682,054 | $13,147,216 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |