Northfield Housing Development Fund Corporation
- Assets
- $4.2m
- Revenue
- $405.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairport, NY
- Founding
- 11/2003
- Data as of
- 03/2021
- EIN
- 33-1062640
Organization Overview
Northfield Housing Development Fund Corporation is located in Fairport, NY. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 03/2021, Northfield Housing Development Fund Corporation generated $405.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $574.1k during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 6 years. 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
TO DEVELOP HOUSING FOR SENIOR CITIZENS AND PERSONS OF LOW INCOME IN MONROE COUNTY, NEW YORK
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHFIELD HOUSING DEVELOPMENT FUND CORPORATION WAS INCOPORATED TO DEVELOP HOUSING FOR SENIOR CITIZENS AND PERSONS OF LOW INCOME IN MONROE COUNTY, NEW YORK. THE ORGANIZATION OWNS A 69 UNIT BUILDING LOCATED IN FAIRPORT, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Poelma Vice President & Secretary | OfficerTrustee | 1 | $0 |
Chris Mariano Treasurer | OfficerTrustee | 1 | $0 |
Jason Blackwell VP | Officer | 1 | $0 |
Clayton Cloen Director | Trustee | 1 | $0 |
Wayne Loomis Director | Trustee | 1 | $0 |
Jean Lowe Director | Trustee | 1 | $0 |
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 | $404,934 |
| Investment income | $216 |
| 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 | $405,150 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,148 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,472 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $187,740 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,524 |
| Insurance | $79,167 |
| All other expenses | $5,000 |
| Total functional expenses | $574,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,339 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $51,057 |
| Net Land, buildings, and equipment | $3,463,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $713,727 |
| Total assets | $4,234,725 |
| Accounts payable and accrued expenses | $478,744 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $32,906 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,676,870 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $739,064 |
| Total liabilities | $7,927,584 |
| Net assets without donor restrictions | -$3,692,859 |
| 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 | $4,234,725 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Builders Inc Boston, MA | $124,474,195 | $84,219,407 |
Doe Fund Inc New York, NY | $101,229,418 | $65,323,624 |
Catherine Sheridan Housing Development Fund Company Inc Brooklyn, NY | $27,371,440 | $6,632,763 |
First Chinese Presbyterian Community Affairs Home Attendant C New York, NY | $26,741,134 | $40,973,137 |
Corporation For Supportive Housing New York, NY | $194,885,584 | $38,423,512 |
Community Options New York Inc Princeton, NJ | $21,771,062 | $27,438,575 |
Lantern Community Services Inc New York, NY | $6,573,293 | $23,396,517 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
1260 Housing Development Corporation Philadelphia, PA | $67,593,380 | $14,204,821 |
Elant At Brandywine Inc Goshen, NY | $12,795,730 | $14,014,165 |
New Community Corporation Newark, NJ | $83,242,550 | $16,098,266 |
Highbridge Community Housing Development Fund Corporation Bronx, NY | $41,225,680 | $9,090,923 |