Settlement Housing Fund Inc
- Assets
- $50.7m
- Revenue
- $11.8m
- Investments
- $343.8k
- Employees
- 69
- Location
- New York, NY
- Founding
- 03/1971
- Data as of
- 12/2021
- EIN
- 23-7078882
Organization Overview
Settlement Housing Fund Inc is located in New York, NY. The organization was established in 1971. 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, Settlement Housing Fund Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Settlement Housing Fund 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 12/2021, Settlement Housing Fund Inc generated $11.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $8.6m during the year ending 12/2021. While expenses have increased by 9.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SETTLEMENT HOUSING FUND CREATED AND SUSTAINS HIGH QUALITY AFFORDABLE HOUSING AND PROGRAMS, BUILDING STRONG AND ECONOMICALLY DIVERSE NEIGHBORHOODS THROUGHOUT NEW YORK CITY. SETTLEMENT HOUSING FUND WORKS CLOSELY WITH COMMUNITY PARTNERS TO PROVIDE LOW-AND MODERATE-INCOME NEW YORKERS WITH PATHWAYS TO LONG-TERM AFFORDABLE HOUSING, EDUCATION, EMPLOYMENT AND WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE, DEVELOP, BUILD, CONSTRUCT, MANAGE AND MAINTAIN ECONOMICALLY DIVERSE AFFORDABLE HOUSING FOR LOW INCOME RESIDENTS THROUGHOUT THE NYC METROPOLITAN AREA.
LEASE UP AND COMPLIANCE SERVICES FORAFFORDABLE HOUSING DEVELOPMENTS. SHF WORKS NYC AND NY STATE REGULATORY AUTHORITIES TO CONDUCT HOUSING LOTTERIES FOR AFFORDABLE HOUSING APPARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexa Sewell President | OfficerTrustee | 35 | $267,375 |
Judith Herbstman Director Of Housing Develo | Officer | 35 | $191,841 |
Rigaud Noel Executive Director | Officer | 35 | $186,331 |
Garraud Etienne Chief Operating Officer | OfficerTrustee | 35 | $182,134 |
Lee Warshavsky General Council | OfficerTrustee | 35 | $176,167 |
Michael Gaboury Deputy Director | 35 | $138,239 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lm Builders Group Llc Construction Services | 12/30/21 | $735,248 |
Inglese Architecture Engineering Architectural Services | 12/30/21 | $222,600 |
The Alc Group Llc Environmental Consulting Services | 12/30/21 | $130,457 |
Eq Architecture Pllc Architectural Services | 12/30/21 | $745,000 |
Curtis Ginsberg Architects Llp Architectural Services | 12/30/21 | $847,843 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,584,076 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,370 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,899,446 |
| Total Program Service Revenue | $7,494,929 |
| Investment income | $1,117,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,326 |
| 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 | $11,765,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,375 |
| 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. | $1,104,597 |
| Compensation of current officers, directors, key employees. | $236,119 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,300,543 |
| Pension plan accruals and contributions | $132,030 |
| Other employee benefits | $642,660 |
| Payroll taxes | $342,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,369 |
| Fees for services: Accounting | $79,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $468,129 |
| Advertising and promotion | $20,514 |
| Office expenses | $173,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $594,578 |
| Travel | $1,744 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,790 |
| Interest | $24,817 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,131 |
| Insurance | $104,286 |
| All other expenses | $267,040 |
| Total functional expenses | $8,611,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,133,624 |
| Savings and temporary cash investments | $146,135 |
| Pledges and grants receivable | $1,079,484 |
| Accounts receivable, net | $11,910,171 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,709,020 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $313,726 |
| Net Land, buildings, and equipment | $5,166,593 |
| Investments—publicly traded securities | $1,319,738 |
| Investments—other securities | $343,759 |
| Investments—program-related | $0 |
| Intangible assets | $419,888 |
| Other assets | $19,186,409 |
| Total assets | $50,728,547 |
| Accounts payable and accrued expenses | $778,131 |
| Grants payable | $0 |
| Deferred revenue | $1,116,319 |
| 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 | $6,118,859 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,400,205 |
| Total liabilities | $14,413,514 |
| Net assets without donor restrictions | $36,315,033 |
| 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 | $50,728,547 |
Grants Awarded
Over the last fiscal year, Settlement Housing Fund Inc has awarded $295,344 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SOCIAL SERVICE | $150,000 |
New York, NY PURPOSE: SOCIAL SERVICE | $133,344 |
1561 ASSOCIATES LLC PURPOSE: SOCIAL SERVICE | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Settlement Housing Fund Inc has recieved totaling $95,480.
| Awarding Organization | Amount |
|---|---|
Fjc New York, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $75,480 |
Leon Levy Foundation New York, NY PURPOSE: A GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE. | $10,000 |
Charina Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Nathan J & Helen Goldrich Foundation Inc Greensboro, GA PURPOSE: SOCIAL WELFARE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |