Hudson River Housing
- Assets
- $31.3m
- Revenue
- $19.0m
- Investments
- $4.2m
- Employees
- 312
- Location
- Poughkeepsie, NY
- Founding
- 07/1983
- Data as of
- 12/2022
- 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 12/2022, Hudson River Housing employed 312 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 12/2022, Hudson River Housing generated $19.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $20.0m during the year ending 12/2022. While expenses have increased by 10.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING AND SERVICES TO QUALIFIED INDIVIDUALS.
Describe the Organization's Program Activity:
WEBSTER HOUSE - PROVIDES EMERGENCY OVERNIGHT SHELTER FOR RESIDENTS OF DUTCHESS COUNTY.
PROGRAM EXPENSES HUDSON RIVER LODGING - 2,364,247 REAL ESTATE DEVELOPMENT AND MANAGEMENT - 6,104,695 MAYBROOK - 271,880 PERMANENT HOUSING - 2,643,490 NPC - 92,915 NEIGHBORWORKS - 608,640 FISH STREET - 58,717 HARLOW PROPERTIES - 138,788 GARDEN STREET - 271,698 TOTAL OTHER PROGRAM EXPENSES - 12,555,071 PROGRAM REVENUES HUDSON RIVER LODGING - 2,392,235 REAL ESTATE DEVELOPMENT AND MANAGEMENT - 1,260,563 MAYBROOK - 73,410 PERMANENT HOUSING - 279,628 NPC - 0 NEIGHBORWORKS - 0 FISH STREET - 30,183 HARLOW PROPERTIES - 71,454 GARDEN STREET - 187,777 TOTAL OTHER PROGRAM REVENUES - 4,295,250
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christa Hines Executive Di | Officer | 40 | $158,548 |
Sarah Diesing CFO | Officer | 40 | $96,976 |
Susan Fortunato President | OfficerTrustee | 3 | $0 |
Emily Dozier Vice Preside | OfficerTrustee | 3 | $0 |
Roderick Macleod Treasurer | OfficerTrustee | 3 | $0 |
Thomas Pape Secretary | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Siegrist Construction Construction | 12/30/20 | $556,182 |
Fallkill Commons Lp Landlord | 12/30/20 | $332,531 |
Maple Street Prop Llc Landlord | 12/30/20 | $178,416 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,063,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,302,117 |
| Noncash contributions included in lines 1a–1f | $392,797 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,365,354 |
| Total Program Service Revenue | $4,484,561 |
| Investment income | $73,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,010 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,993,641 |
| 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. | $297,459 |
| Compensation of current officers, directors, key employees. | $19,357 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,179,339 |
| Pension plan accruals and contributions | $89,161 |
| Other employee benefits | $1,247,671 |
| Payroll taxes | $632,450 |
| Fees for services: Management | $2,911 |
| Fees for services: Legal | $114,678 |
| 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 | $239,533 |
| Advertising and promotion | $34,580 |
| Office expenses | $399,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,760,478 |
| Travel | $67,322 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,238 |
| Interest | $232,581 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,049,366 |
| Insurance | $529,296 |
| All other expenses | $808,952 |
| Total functional expenses | $19,962,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,034,938 |
| Savings and temporary cash investments | $123,930 |
| Pledges and grants receivable | $1,817,513 |
| Accounts receivable, net | $2,541,455 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,931,556 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $131,747 |
| Net Land, buildings, and equipment | $19,403,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,172,903 |
| Investments—program-related | $0 |
| Intangible assets | $110,497 |
| Other assets | $0 |
| Total assets | $31,267,675 |
| Accounts payable and accrued expenses | $1,306,179 |
| Grants payable | $0 |
| Deferred revenue | $1,508,954 |
| 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 | $9,554,529 |
| Unsecured mortgages and notes payable | $2,250,000 |
| Other liabilities | $417,598 |
| Total liabilities | $15,037,260 |
| Net assets without donor restrictions | $16,110,415 |
| Net assets with donor restrictions | $120,000 |
| 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 | $31,267,675 |